<strong>FINANCIAL TIMES</strong><br /><br /><strong>SCRUTINY THREATENS SUCCESS OF BAIKAL, SAYS LSE</strong><br />Regulatory scrutiny over &ldquo;dark pools&rdquo; and the failure of most such platforms in Europe to make money mean that Baikal, the London Stock Exchange&rsquo;s planned platform, &ldquo;might not work&rdquo;, says Xavier Rolet, LSE chief executive. &ldquo;It&rsquo;s not impossible that it might not work,&rdquo;&nbsp; Rolet said. He said the LSE might instead use Baikal to &ldquo;compete in other areas.&rdquo;<br /><br /><strong>ROCHE REVAMP BOLSTERS YOUNG CHIEF&rsquo;S POSITION</strong><br />Roche yesterday unveiled a shake-up of senior management to achieve change and strengthen the position of Severin Schwan, the Swiss pharmaceuticals group&rsquo;s young chief executive.&nbsp; Bill Burns, J&uuml;rgen Schwiezer and Jonathan Knowles, the heavyweights heading pharmaceuticals, diagnostics and group research, will retire at the end of the year, to be replaced by younger executives.<br /><br /><strong>DOGAN HIT BY RECORD $2.5BN TAX FINE</strong><br />Turkey&rsquo;s biggest media group on yesterday was hit with a record $2.5bn tax fine, sending its shares down 20 per cent after a year-long confrontation between its owner and the country&rsquo;s prime minister. The fine deals a powerful blow to one of Turkey&rsquo;s most prominent family conglomerates. It also raises questions about political interference in business and that could tarnish the country&rsquo;s image among foreign investors. <br /><br /><strong>LEGEND HOLDINGS PLANS PUBLIC LISTING</strong><br />China&rsquo;s Legend Holdings yesterday unveiled plans to transform itself from a state-controlled enterprise into a listed company in a move that could help its affiliate Lenovo gain access to orders and overseas acquisition targets.<br /><br /><strong>THE TIMES</strong><br /><br /><strong>EX-LEHMAN BOSS CLAIMS HE IS BEING 'DUMPED ON'</strong><br />Richard Fuld, Lehman Brothers&rsquo; vilified former chief executive, is preparing for another barrage of criticism as the anniversary of the Wall Street bank&rsquo;s collapse draws near. &ldquo;I&rsquo;ve been pummeled, I've been dumped on and it&rsquo;s all going to happen again,&rdquo;Fuld said yesterday.<br /><br /><strong>$40M 'MINI-MADOFF' CHARGED IN NEW YORK</strong><br />A New York fund manager has been accused of running a mini Madoff-style investment scam since the 1970s, ripping off more than 800 investors. Philip Barry was charged by the US Attorney&rsquo;s office in Brooklyn with a single criminal count of securities fraud.&nbsp; It is alleges that Barry accepted more than $40m from investors who believed that he was investing the cash in stock options.<br /><br /><strong>The daily telegraph</strong><br /><br /><strong>UKRAINE AND RUSSIA SPAR OVER GAS TRANSIT</strong><br />Tensions are again growing between Russia and Ukraine over payments for transporting gas to Europe, echoing last winter&rsquo;s crisis that led to shortages. The Kremlin has insisted that Russia should not pay its neighbour in advance for transporting gas to European nations, despite Ukraine&rsquo;s pleas for early payment at a time when it is seeking an international bail-out package.<br /><br /><strong>BAGGAGE CHARGES HELP SWELL AIRLINE REVENUES</strong><br />Baggage, check-in and priority boarding charges may infuriate passengers but they have proved a boon to the world&rsquo;s airlines as they cope with the vicious aviation downturn. Analysis of of 92 airlines has found that ancillary revenues leapt 345 per cent in 2008 to &euro;7.68bn (&pound;6.73bn) from 2006.<br /><br /><strong>WALL STREET JOURNAL</strong><br /><br /><strong>UNILEVER SAYS MORE WORK NEEDED TO GROW IN CHINA</strong><br />Anglo-Dutch consumer-products giant Unilever was one of the first multinationals to enter China, nearly a quarter-century ago. But even today, top executives said, the market remains too big and untapped to regard profitability as the main measure of success.<br /><br /><strong>PRESCRIPTION FOR UBS: HARD WORK</strong><br />UBS organizational and operational restructuring is on track, but the Swiss bank&rsquo;s efforts to renew client trust will require long and hard work, chief executive Oswald Gr&uuml;bel said.<br /><br />In a memo sent yesterday to the bank&rsquo;s 70,000 staff, Gr&uuml;bel said that &ldquo;returning the group to profitability will only be the beginning.&rdquo; He warned that &ldquo;the recovery of our reputation will require hard work and relentless effort.&rdquo;