Lehman Brothers Holdings Inc.
News and overview for Lehman Brothers Holdings Inc.
Fannie, Freddie Woes Hurt Apartments
Wall Street Journal, The | 5 days 9 hours 15 minutes ago
The deteriorating commercial real-estate market is hitting Fannie Mae and Freddie Mac, the housing-finance giants that were taken over by the U.S. last year after billions of dollars in losses on residential real estate.
Nomura's Watanabe May Resume Dividends as Trading Drives Profit Recovery
Bloomberg | 27 days 5 hours 25 minutes ago
Oct. 28 (Bloomberg) -- Nomura Holdings Inc. Chief Executive Officer Kenichi Watanabe, who's tapped stock investors for $7.6 billion since March, may be ready to give some money back.
3 big banks set to pay record bonuses this year
Detroit News, The | 15 days 2 hours 40 minutes ago
Briefs 3 big banks set to pay record bonuses this year Nation Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.
Lehman Bros. auctions off art - Business - MiamiHerald.com
Miami Herald, The | 24 days 2 hours 11 minutes ago
PHILADELPHIA -- Even in these trying financial times, you're not going to see many going-out-of-business sales like this one.
Lehman Bros. auctions off art - National Business - MiamiHerald.com
Miami Herald, The | 24 days 2 hours 11 minutes ago
PHILADELPHIA -- Even in these trying financial times, you're not going to see many going-out-of-business sales like this one.
Buffett makes US$1-billion profit on Chinese carmaker
Canada.com | 20 days 19 hours 55 minutes ago
YORK -- Warren Buffett's Berkshire Hathaway Inc has realized a US$1.02-billion paper profit on a 10-month-old investment in BYD Co after shares in the Chinese car and battery maker quintupled.
Galleon Stocks That Declined by 8.6% After Rajaratnam's Arrest Pare Losses
Bloomberg | 33 days 11 hours 52 minutes ago
Oct. 21 (Bloomberg) -- Galleon Group's biggest stock holdings advanced today, limiting a decline that is 17 times faster than the Standard & Poor's 500 Index since the arrest of Raj Rajaratnam, after the company's founder said he will liquidate his funds and has been approached by potential buyers.
Galleon Stocks That Declined 8.6% After Rajaratnam's Arrest Pare Retreat
Bloomberg | 33 days 13 hours 57 minutes ago
Oct. 21 (Bloomberg) -- Galleon Group's biggest stock holdings advanced today, limiting a decline that is 17 times faster than the Standard & Poor's 500 Index since the arrest of Raj Rajaratnam, after the company's founder said he will liquidate his funds and has been approached by potential buyers.
Financing in Dark Hits Taxpayers With No-Bid Deals
Bloomberg | 27 days 20 hours 59 minutes ago
Oct. 27 (Bloomberg) -- The commissioners of Beaver County, Pennsylvania, found themselves in a predicament when they pressed Gentile-Meinert & Associates Inc., not to raise prices this year on a $10,000-a-month contract for security guards at the county's nursing home because of the recession while the elected officials lost as much as $2.8 million by selling bonds without seeking competitive bids.
AT ISSUE: COMPENSATION: Nation's 3 biggest banks set big bonuses
Detroit Free Press | 9 days 1 minute ago
Single-page viewNext Page1| 2Previous PageGoldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year.As the three biggest banks to exit the U.S.
Financing Government in Dark Hits Taxpayers Where No-Bid Deals Predominate
Bloomberg | 27 days 22 hours 59 minutes ago
Oct. 27 (Bloomberg) -- The commissioners of Beaver County, Pennsylvania, found themselves in a predicament when they pressed Gentile-Meinert & Associates Inc., not to raise prices this year on a $10,000-a-month contract for security guards at the county's nursing home because of the recession while the elected officials lost as much as $2.8 million by selling bonds without seeking competitive bids.
3 banks prepared to pay record $29.7B in bonuses
Honolulu Advertiser, The | 8 days 21 hours 1 minute ago
NEW YORK Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co., survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year.
New vehicle sales soar 12.6 percent
Japan Times, The | 21 days 9 hours ago
Domestic sales of new vehicles rose 12.6 percent in October from a year earlier, marking the highest margin of growth in 12 years and nine months, an industry body said Monday. Sales of new vehicles excluding minivehicles totaled 263,506 units, the Japan Automobile Dealers Association said, pointing to tax breaks and government subsidies for environmentally friendly cars. It was the sharpest rise since the 14.9 percent rise in January 1997. The strong figures last month followe...
FSA to Clean Up Structured-Products Market
Wall Street Journal, The | 27 days 19 hours 44 minutes ago
LONDON -- The Financial Services Authority said Tuesday it will clean up the way structured products are sold to retail investors following an investigation into the way the market operates in the U.K.
Big 3 banks to pay record bonuses
Tennessean (Nashville), The | 10 days 18 hours 49 minutes ago
TARP recipients will shell out nearly $30 billion
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 |
