Lehman Brothers file for bankruptcy protection in New York
Concerned people write remarks around a portrait of Lehman Brothers CEO Dick Fuld which was outside the Lehman Brothers corporate offices in New York City after the company filed for bankruptcy on September 15, 2008 (UPI Photo/Ezio Petersen)
UPI Related News
NEW YORK, Aug. 16 (UPI) -- New York investment banker Lehman Brothers is shopping its massive commercial real estate portfolio in an effort to raise capital, sources say.
LONDON, July 14 (UPI) -- Spain's largest bank, Santander, said it reached an agreement to buy British bank Alliance & Leicester for $2.58 billion.
NEW YORK, July 7 (UPI) -- Losses sustained by Fannie Mae and Freddie Mac, combined with inflation concerns, sent U.S. stock indexes into Monday's close with slight losses.
NEW YORK, July 7 (UPI) -- Fannie Mae and Freddie Mac shares tumbled Monday as word circulated about proposed accounting-rule changes that could force them to raise billions of dollars.
WASHINGTON, July 2 (UPI) -- The U.S. job market is facing heavy headwinds and isn't likely to improve in the short term, economists said.
NEW YORK, June 18 (UPI) -- U.S. stock markets closed lower Wednesday with major financial firms continuing to exhibit signs of frailty.
NEW YORK, June 9 (UPI) -- U.S. stock indexes were mixed Monday after Lehman Brothers said it intends to raise $6 billion after a second-quarter net loss estimated at $2.8 billion.
NEW YORK, June 9 (UPI) -- U.S. financial giant Lehman Brothers said Monday it would liquidate $6 billion of shares to see it through second-quarter losses.
NEW YORK, June 3 (UPI) -- U.S. stock market gains dissolved rapidly Tuesday with two financial firms, Lehman Brothers Holding Inc. and Wachovia bank, leading declines.
WASHINGTON, May 30 (UPI) -- As U.S. consumers bemoan the imminent appearance of $4 a gallon gas, factors largely beyond Washington's control are now driving prices. A perfect storm of tapped-out capacity, lack of significant new developments coming online, speculation, inclement weather and terrorism, however, have combined to cause the record high prices, which are unlikely to fall anytime soon.
