CHICAGO - Professionals in Lehman Brothers' North American investment banking and capital markets operations returned to their jobs yesterday amid the more positive news that British banking giant Barclays PLC will acquire their business from Lehman's bankrupt holding company for $1.75 billion.

Barclays and Lehman announced the deal late Tuesday and its approval is pending before Judge James Peck in the U.S. Bankruptcy Court in the Southern District of New York. A hearing on the matter is expected later this week. The deal includes a termination provision that allows for the cancellation of the asset sale if not approved by Sept. 24.

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