Highlights
A collection of news and information related to Lehman Brothers Holdings Incorporated published by Tribune Company sources.
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JPMorgan Chase beats estimates with an 84 pct profit drop, revenue is worse than expected
AP Business WriterNEW YORK (AP) _ JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans. Profit at the New York-based bank, considered one of the stronger players in...Tags: Mortgages, Jamie Dimon, Fannie Mae, Washington Mutual Inc., Business Institutions
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Charles Schwab 3rd-qtr profit falls sharply but tops outlook, revenue slides amid market woes
AP Business WriterNEW YORK (AP) _ Charles Schwab Corp. reported Wednesday its third-quarter earnings fell sharply from results that included a big gain a year ago, but still topped analysts expectations. The ongoing financial market turmoil weighed on the retail brokerage'...Tags: Quarterly or Semiannual Financial Statements, Earnings Forecasts, Bankruptcy, Stock Activities, Charles Schwab
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Recession fears send stocks tumbling anew
The Associated PressInvestors agonizing over a faltering economy sent the stock market plunging all over again today after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair propelled the Dow...Tags: Mortgages, Consumers, Economic Indicator, Wells Fargo & Co., Wachovia Corp.
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Stocks fall as retail sales show steep drop
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair propelled the Dow...Tags: Ben Bernanke, Federal Reserve, Consumers, Economic Indicator, New York Mercantile Exchange
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What to do with Stephon Marbury
He's a former All-Star and designated savior who no longer has the skills to match his healthy ego or inflated self-worth. His value to the team is falling almost as fast as his spot on the bench, and there's always a fear that his attitude, while...Tags: Patrick Ewing, Stephon Marbury, Basketball, Eddy Curry, New York Knicks
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Stocks plunge anew as stream of economic data points to recession; Dow falls 733
AP Business WriterNEW YORK (AP) _ Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair...Tags: Ben Bernanke, Federal Reserve, Consumers, New York Mercantile Exchange, Washington Mutual Inc.
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Congress in rare bipartisan lockstep on regulating on debt insurance
Associated Press WriterWASHINGTON (AP) _ Debt insurers, say hello to government regulation. Say farewell to voluntary compliance and disclosure. Congress and financial regulators for the first time appear willing to impose rules on obscure financial contracts that are...Tags: National Government, Laws, Iowa, Insurance, New York
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JPMorgan, Wells Fargo 3rd-quarter earnings fall on rising credit costs, but beat expectations
AP Business WriterNEW YORK (AP) _ In the midst of one of the nation's worst credit crises, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results on Wednesday. But even two of the country's strongest banks proved they are...Tags: Banking, Mortgages, Jamie Dimon, Business Enterprises, Fannie Mae
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Wells Fargo 3rd-qtr profit dips 23 percent on investment writedowns, beats analysts' estimates
SAN FRANCISCO (AP) _ Wells Fargo says third-quarter profit fell 23 percent as it took losses on investments in troubled financial companies. Results, however, topped analysts expectations. The San Francisco bank says it earned $1.64 billion, or 49...Tags: Citigroup Incorporated, Freddie Mac, Fannie Mae, Wachovia Corp.
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Antitrust regulators clear BofA-Merrill deal
Federal antitrust regulators say they have cleared Bank of America's $34.9-billion purchase of Merrill Lynch & Co. Inc. The deal, announced Sept. 15, is part of the rapid restructuring of the U.S. financial system in the face of the global credit crisis....Tags: Banking, Financially Distressed Companies, Charlotte, Antitrust Issues, Bankruptcy
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NY wind-farm projects stalled
Wall Street's turmoil has affected wind-energy projects in upstate New York. Last month's bankruptcy of financial services firm Lehman Brothers has apparently led Noble Environmental Power to stop work at wind-energy projects in the northeastern towns...Tags: Connecticut, U.S. Securities and Exchange Commission, New York, Energy
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Wells Fargo 3rd-qtr profit dips 25 percent on investment writedowns, beats analysts' estimates
AP Business WriterNEW YORK (AP) _ Wells Fargo said Wednesday its third-quarter profit fell 25 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected. For the July-to-...Tags: Banking, Fannie Mae, Wachovia Corp., Bank of America Corp., Loans
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Associated Press
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|Story| Newsday
Oct 15, 2008
|Column| Newsday
Oct 15, 2008
|Story| Associated Press
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Oct 15, 2008
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|Story| Associated Press
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Associated Press
