Highlights
A collection of news and information related to Lehman Brothers Holdings Incorporated published by Tribune Company sources.
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Morgan Stanley shares drop over 22 percent
Morgan Stanley Inc. shares plunged more than 22 percent yesterday as investors questioned the investment bank's future even with a major investment from Japan's Mitsubishi UFJ Financial Group. Yesterday marked the fifth straight day that shares of the...Tags: Investments, J.P. Morgan Chase & Co., Financially Distressed Companies, Business Enterprises, Sales
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Wall Street woes also affect NYC blood drives
Wall Street's economic meltdown has also affected New York City's lifeblood. The crisis has claimed three financial firms that regularly held blood drives. New York Blood Center President and CEO Dr. Robert Jones, in a statement, said A-I-G, Lehman...Tags: Robert Jones, New York
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Turmoil threatens Big Apple's property markets
AP Business WriterThe fate of one of the strongest property markets in the world hangs in the balance as Wall Street stalwarts crumble and job losses loom over the Big Apple. The days of skyrocketing rents and out-of-sight sales prices on everything real estate from...Tags: Job Layoffs, Manhattan (New York City), Sales, Apartments, Financial Services
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Stocks end wild session mixed as investors look for bargains after massive losses
AP Business WriterNEW YORK (AP) _ Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a...Tags: Federal Reserve, Sales, eBay Incorporated, Stock Activities, Bank of America Corp.
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Pricing for Lehman debt provides guidance on potential bank losses tied to credit swaps
AP Business WriterNEW YORK (AP) _ Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts. That's the upshot of an unusual...Tags: Prices, American International Group, Federal Reserve, Sales, Bank of America Corp.
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Amid financial crisis, states put prison and school construction on hold, cut spending
Associated Press WriterWith the economy in a slide and the credit markets seized up, states are slashing budgets, eliminating jobs, putting major construction projects on hold and nervously waiting to see whether their shriveled pension funds recover. They are also weighing...Tags: Timothy M. Kaine, William Clark, Bonds, Regional Authority, Pension and Welfare
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Vulture investors poised to feed on distressed companies, but hesitate as prices keep falling
Associated Press WriterNEW YORK (AP) _ When financial panic sweeps Bedford Falls in the 1946 movie "It's a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar. "I may lose a...Tags: Roy Smith, Business Enterprises, New York University, $700 Billion Bank Bailout, Financial and Business Services
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Economy has becoming overriding issue in governors' races; some contests tighten
Associated Press WriterIn his bid to become the next governor of Missouri, Rep. Kenny Hulshof survived a bitter primary that at one point saw the candidates bashing each other for supporting public funding for drugs such as Viagra. Then came the catastrophe on Wall Street. Now...Tags: Republican Party, State Budgets, Vermont, North Carolina, Budgets and Budgeting
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Morgan Stanley's future questioned by investors, shares plunge 34 percent
AP Business WriterNEW YORK (AP) _ Morgan Stanley Inc. shares plunged more than 22 percent Friday as investors questioned the investment bank's future even with a major investment from Japan's Mitsubishi UFJ Financial Group. Friday marked the fifth straight day that shares...Tags: Investments, Business Enterprises, Sales, Banking, Credit Ratings
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Asian investors too fearful to do much else but pray amid stock plunge
AP Business WriterTOKYO (AP) _ After a free fall in share prices this week, investors in Asia could do little else but pray. Hong Kong car dealer Paul Law said he has lost more than 1 million Hong Kong dollars ($128,800) in recent months, despite being conservative in...Tags: Lee Hsien Loong, Stock Activities, Car Safety Tips and Advice, Financial Markets, HSBC Holdings Plc
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AP Executive Morning Briefing
The top business news from The Associated Press for the morning of Friday, Oct. 10, 2008: Asian markets plunge; Nikkei sinks nearly 10 pct. TOKYO (AP) — A massive sell-off on Wall Street and escalating fears of a global recession sent world stocks...Tags: Investments, Federal Reserve, Sales, New York Mercantile Exchange, History
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States delaying or slashing projects, worker raises
Of The Associated PressWith the economy in a slide and the credit markets seized up, states are slashing budgets, eliminating jobs, putting major construction projects on hold and nervously waiting to see whether their shriveled pension funds recover. They also are weighing...Tags: California, Timothy M. Kaine, Minnesota, Bonds, North Carolina
Oct 11, 2008
|Story| Baltimore Sun
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
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Oct 9, 2008
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|Story| Associated Press
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|Story| Associated Press
Oct 10, 2008
|Story| Allentown Morning Call


