Wednesday’s Market Recap (9/10/2008)
Lehman Brothers (LEH: 7.25, -0.54 (-6.93%)) announced today that it plans to sell a majority stake of its investment management business, spin off its real estate unit, and cut its dividend as it attempts to survive our nation’s current financial crisis. Lehman Brothers will sell a 55% stake of its investment management business and in the 1st quarter of 2009, spin off $25-30 billion of its commercial real estate investments into a separate publicly traded company which will be named Real Estate [More...]
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here