House Oversight Committee investigates Lehman Brothers in Washington
Richard Fuld Jr., Chairman and CEO of Lehman Brothers Holdings, testifies before a House Oversight and Governmental Reform Committee hearing on the cause and effects of the Lehman Brothers bankruptcy in Washington on October 6, 2008. (UPI Photo/Kevin Dietsch)
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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.
