Latest News in Credit History and Jobs – Sep 12, 2008

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A timeline of Lehman Brothers’ recent history – Forbes

10 Sep 2008 at 1:01pm
Investment bank Lehman Brothers Holdings Inc. on Wednesday said it plans to sell a majority stake in its investment management unit, spin off commercial real estate assets and slash its dividend as it attempts to raise capital to shore up its balance …

Live blog: Steve Jobs hosts Apple’s music event – CNET News

9 Sep 2008 at 5:56pm
The Yerba Buena Center for the Arts in downtown San Francisco, site of today’s Apple media event. (Credit: Tom Krazit/CNET Networks) This is a record of our live coverage of Steve Jobs’ speech at Apple’s music-related event , which kicked off at 10 a …

How Gordon Brown could do the business – Daily Telegraph

10 Sep 2008 at 11:31pm
There is no longer any question that the British economy is in bad shape. Unemployment is rising, house prices are falling, credit is difficult or impossible to come by – there’s more, but you get the idea. Not that things are as dire as the …

U.S. Stock-Index Futures Decline as Lehman Tumbles a Fourth Day – Bloomberg

11 Sep 2008 at 5:29am
Sept. 11 (Bloomberg) — U.S. stock-index futures tumbled as concern grew that Lehman Brothers Holdings Inc. will fail to shore up capital, heightening concern about the stability of the banking system. Lehman, which lost more than half its value in …

U.S. Stock-Index Futures Decline; GM, Chevron, Lehman Retreat – Bloomberg

11 Sep 2008 at 4:17am
Sept. 11 (Bloomberg) — U.S. stock-index futures declined as investors speculated reports today will fail to allay concern the economy is sliding into recession and lower oil prices weighed on energy shares. General Motors Corp. , the largest U.S …

Lehman posts $4.8bn loss, offloads assets – News.com.au

11 Sep 2008 at 1:04am
AILING investment bank Lehman Brothers announced plans overnight to sell off key assets to shore up its finances as it posted more hefty losses linked to the US subprime real estate crisis. The beleaguered Wall Street firm, seen as in desperate need …

Dick Fuld must be next in line for axe if reinvented Lehman Brothers … – D…

10 Sep 2008 at 11:31pm
The last time I saw Dick Fuld, chief executive of Lehman Brothers, was in January over lunch in Davos, at the World Economic Forum. In his usual Alpine dining room Fuld, a character who would not look or sound out of place in an episode of The …

Cramer: Lehman’s ‘Chance Is Gone’ – CNBC

9 Sep 2008 at 4:51pm
Lehman Brothers stock dropped precipitously Tuesday on concerns the bank won?t be able to raise needed capital . Then, kicking the company while it was down, Standard & Poor?s put Lehman?s credit rating on watch because of that decline in share …

Nation & world business: 148 pilots to be idled – Detroit Free Press

10 Sep 2008 at 12:08am
Continental Airlines Inc. began laying off 148 pilots starting Tuesday, the Air Line Pilots Association said. An additional 326 jobs were saved as pilots accepted incentives to retire early, take leaves or reduce the number of hours flown each month …

McCain swipe at Obama’s tax plan isn’t straight talk – Philadelphia Inquirer

9 Sep 2008 at 11:00am
When it comes to fighting wars, John McCain stands up and calls for sacrifice. “We never hide from history; we make history,” he declared in his convention speech. But when it comes to taxes, McCain is unwilling to demand even a teensy bit of …

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September 12 2008 06:19 am | Credit Card

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