Skip to: Content
Skip to: Site Navigation
Skip to: Search
FRIDAY, NOVEMBER 27, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Lehman Bros. to Report 3Q Stats Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'

Share

(Newser) – Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from a year ago.

Patrick Kenny, left, of Lehman Brothers MarketMakers talks to fellow traders on the floor of the New York Stock Exchange last week.
Patrick Kenny, left, of Lehman Brothers MarketMakers talks to fellow traders on the floor of the New York Stock Exchange last week.   (AP Photo/Henny Ray Abrams)
Michael Volpe of Lehman Brothers looks at an overhead monitor on the floor of the New York Stock Exchange yesterday.
Michael Volpe of Lehman Brothers looks at an overhead monitor on the floor of the New York Stock Exchange yesterday.   (AP Photo/Henny Ray Abrams)
Lehman Brothers' New York headquarters.
Lehman Brothers' New York headquarters.   (AP Photo/Mark Lennihan, File)
« Prev« Prev | Next »Next » Slideshow

People are running for safety. There's just panic. Everyone is afraid to be caught on the other side of a Bear Stearns. - Frank Ingarra, co-portfolio manager at Hennessy Advisors Inc.

« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

104 Stories

best plan is no plan



 Goldman to Insurers: 
 Health Reform Will Hurt 

Who knew Wall Street and teabaggers could agree?

Nov 13, 09 9:48 AM CST
(Newser) - Here's a reason for Goldman Sachs to be even more popular with the public: The investment bank has issued research on private health insurers advising that fighting off reform would best for their bottom line. Goldman takes as the “base” case passage of the bill that exited the Senate... More »

MORE ABOUT:
Congress • stock market • Wall Street • Goldman Sachs • profits • legislation • health care reform • market research

Don't Fight Reform, Obama Warns Wall St. at NYC Dinner

Still, president reminds finance industry, 'we're in this together'

Oct 20, 09 9:15 PM CDT
(Newser) - At a fundraising dinner tonight in New York attended by (among others) the sorts of financial types who could afford the $30,400-per-couple entry fee, President Obama wagged a finger at Wall Street. “I would ask that you join us in passing what are necessary reforms,” he said... More »

MORE ABOUT:
Wall Street • finance • financial crisis • fundraising • President Obama • dinner • financial reform

MARKETS

 Dow Falls 51 on Housing 

Coca-Cola, DuPont earnings disappoint

Oct 20, 09 3:19 PM CDT
(Newser) - Stocks fell today on disappointing earnings and a poor housing report. The market got off to a weak start when numbers on new-home construction were weaker than expected. Poor earnings reports from DuPont and Coca-Cola didn’t help, though Caterpillar, which posted a less severe profit drop than expected, boosted... More »

MORE ABOUT:
stock market • Wall Street • Dow Jones • Nasdaq • S&P 500

104 Stories


Wall St. dives amid Lehman fears
Times (UK)

Pressure grows on Lehman chief
Bloomberg

Did Paulson bail out the wrong firms?
Fortune


Business 
TwitterFollow @NewserBusiness on Twitter

 
stock market • Wall Street • finance • Lehman Brothers • quarterly results • Korea Development Bank

from our news partners