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Barclays PLC will unveil a plan to acquire all or part of Lehman Brothers Holdings Inc.'s investment banking and trading operations, a person close to the talks said Tuesday. ...more
September 17, 2008
Oil prices closed below $100 a barrel for the first time in six months Monday, tumbling more than $5 as the demise of Lehman Brothers and the sale of Merrill Lynch fed worries about the U.S. economy. ...more
September 16, 2008
Merrill Lynch's shotgun sale to Bank of America will create the nation's largest financial services company - one that some say is too big to fail. Still, no one is breathing easy just yet. ...more
September 16, 2008
Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection in the biggest bankruptcy court filing ever on Monday and said it was trying to sell off key business units. ...more
September 16, 2008
NEW YORK (AP) -- A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. ...more
September 15, 2008
The Wall Street firm that started the U.S. cotton trade before the Civil War and financed the railroads that built a nation might soon fade into history. ...more
September 13, 2008
Richard Fuld had a full-blown anxiety attack when he was named chief executive of Lehman Brothers in 1993, saying later that he stopped breathing for 45 seconds. ...more
September 13, 2008
When federal regulators start writing new rules for financial institutions next year, they should demand big changes in how bankers and traders are paid. ...more
September 13, 2008
To see the mental state of financial markets at the moment you need only to sit at a computer with an Internet connection and watch investors respond to journalism. ...more
September 12, 2008
Lehman Brothers has approached other major financial institutions about a potential acquisition or investment in the battered securities company, people close to the situation said Thursday. ...more
September 12, 2008
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