In one of the most dramatic days in Wall Street's history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said. ...more

September 15, 2008

Lehman Brothers, in a desperate bid to survive, announced plans Wednesday to sell a majority stake in its prized investment management business and said a sale of the entire company is possible. ...more

September 11, 2008

As The Plaza Harbour Island nears completion, owners of the residences are looking forward to moving in, says Len O'Donnell of the Patrinely Group, the developer. ...more

September 30, 2007