Lehman Brothers Holdings Inc.

News and overview for Lehman Brothers Holdings Inc.

CIT files for bankruptcy protection - MarketWatch
MarketWatch | 22 days 2 hours 38 minutes ago
"The decision to proceed with our plan of reorganization will allow CIT to continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy," Chairman and CEO Jeffrey M. Peek said in a statement.


Big Paydays for Lehman, Bear
Wall Street Journal, The | 1 day 10 hours 24 minutes ago
Bear Stearns Cos. and Lehman Brothers Holdings Inc. executives cashed out nearly $2.5 billion from their firms between 2000 and 2008 even though the financial crisis hammered the shares they held, according to a study set to be released Monday.


Money keeps flowing into hedging industry - MarketWatch
MarketWatch | 11 days 19 hours 25 minutes ago
Investors allocated $14.2 billion to hedge funds in October. That was a faster pace than September and the sixth consecutive month of inflows. During that time, $91.7 billion has been put into the industry, said HedgeFund.net, which tracks assets and returns in the sector.


Moody's: AIG should be able to repay US loan, preferred stock - MarketWatch
MarketWatch | 14 days 43 minutes ago
AIG's shares climbed 3.3% to $37.39 after hours. The stock, which underwent a 1-for-20 reverse split earlier this year, has lost about 14% in the past year.


CITto file for bankruptcy after rescues fail - MarketWatch
MarketWatch | 22 days 19 hours ago
The formal filing in U.S. Bankruptcy Court was expected to follow within hours,.


Lehman sues Barclays over windfall profits
Reuters | 6 days 10 hours 21 minutes ago
(Reuters) - Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents show.


Lehman Sues Barclays Over Windfall Profits
ABC News | 7 days 8 hours 28 minutes ago
(Reuters) - Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.


UPDATE 2-Lehman expects reorganization plan in 1st qtr
Reuters | 5 days 19 hours 23 minutes ago
NEW YORK, Nov 18 (Reuters) - Lehman Brothers Holdings Inc (LEHMQ.PK), the U.S. investment bank whose September 2008 collapse sharply accelerated a world financial meltdown, said on Wednesday it expects to have a reorganization plan outline ready by the end of March 2010.


Lehman to pay $3.7M for Oak Knoll cleanup
American City Business Journals | 4 days 15 hours 27 minutes ago
Lehman Holdings LLC will pay $3.7 million as part of a deal with the City of Oakland to remove a serious fire threat and clean up trash dump conditions at the former Oak Knoll Naval.


Lehman Sues Barclays Capital
Wall Street Journal, The | 7 days 11 hours 26 minutes ago
Lehman Brothers Holdings Inc. sued Barclays Capital Inc. to recover billions of dollars of what Lehman says were excess assets improperly transferred to the British bank last year.


UPDATE 1-Lehman sues Barclays over windfall profit
Reuters | 7 days 1 hour 28 minutes ago
LONDON, Nov 17 (Reuters) - Lawyers for Lehman Brothers Holdings Inc (LEHMQ.PK) have filed a lawsuit against Barclays Capital (BARC.L) to claw back billions of dollars of excess profit from last year's purchase of Lehman's U.S. brokerage business, court documents showed.


Aetna Reports Third Quarter 2009 Results [Press Release]
Business Wire | 26 days 5 hours 50 minutes ago
Aetna (NYSE: AET) today announced third-quarter 2009 operating earnings of $308.2 million, or $.69 per share, a 38 percent decrease from the prior-year quarter. Operating earnings (1) exclude net realized capital gains (losses) and other items. The decrease in operating earnings per share from the prior-year quarter reflects a lower Commercial underwriting margin and a previously announced increase in pension expense partially offset by the impact of a lower number of shares outstanding year-...


Lehman Brothers Said to Return to Mortgage Market Through Aurora Loan Unit
Bloomberg | 33 days 21 hours 36 minutes ago
Oct. 21 (Bloomberg) -- Lehman Brothers Holdings Inc., the investment bank brought down by the U.S. mortgage crash after 158 years, is set to return to funding home loans through its Aurora Loan Services unit, people familiar with the matter said.


Lehman Brothers Said to Return to U.S. Mortgage Market Through Aurora Unit
Bloomberg | 33 days 21 hours 37 minutes ago
Oct. 21 (Bloomberg) -- Lehman Brothers Holdings Inc., the investment bank brought down by the U.S. mortgage crash after 158 years, is set to return to funding home loans through its Aurora Loan Services unit, people familiar with the matter said.


Ixia Announces 2009 Third Quarter Results [Press Release]
Business Wire | 26 days 19 hours 35 minutes ago
Ixia (Nasdaq: XXIA) today reported its financial results for the third quarter ended September 30, 2009.





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1263 Results

Company Overview


Company: Lehman Brothers Holdings Inc.
Industry: Large-Market Investment Banking
Website: http://www.lehman.com

In what could be called the collapse heard 'round the world, venerable investment bank Lehman Brothers declared bankruptcy in September 2008, ending a reign of some 160 years in financial services. One of the top bulge-bracket firms and perennially among the industry leaders in M&A advice, debt and equity underwriting, and global finance suffered a knockout punch and reported nearly $7 billion in losses after becoming embroiled in the global credit crisis of 2007 and 2008. After acquisition talks with foreign investors fell through, Lehman attempted to restructure itself, including selling off operations for cash. The plan was too little too late, though, and Lehman filed for Chapter 11 bankruptcy protection.


Key Numbers

Sales in U.S. Dollars (mil.) 19,257 (2007)
One-year % Growth in Sales 9.5 (2007)
Net Income in U.S. Dollars (mil.) 4,192 (2007)
One-year % Growth in Net Income 5.9 (2007)
Number of Employees 28,600 (2007)
One-year % Growth in Number of Employees 10.4 (2007)
Fiscal Year-End November