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When Merrill Lynch (MER) CEO John Thain signed the employment agreement that made him the S&P 500’s best-paid CEO of 2007, shares of Merrill were trading at more than $55 dollars per share. Now...
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Lehman (LEH) says it will go into Chapter 11. Richard Fuld, the company’s CEO, will almost certainly end up being loathed more than the heads of Drexel, Long-Term Capital Management, or any of the...
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Lehman (LEH) announced it would go bankrupt. Its broker dealer unit and investment unit will not file. Douglas A. McIntyre Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are...
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The New York Times is reporting that Lehman (LEH) will file for bankruptcy protection tonight. The paper writes that "Lehman will seek to place its parent company, Lehman Brothers Holdings, into...
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Several media reports say that large financial firms are trying to reduce their risk to deals that they have with Lehman (LEH) in the event that the firm begins a liquidation later today. According...
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Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s problems must be resolved before Asia markets open, or that a panic may cause sell-offs...
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There are hundreds of thousands of jobs at stake if the current trends continue in the financial services sector. When you tally up the employment just at five troubled firms noted below, there are...
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Whatever sympathy there might have been for Lehman (LEH) is quickly slipping away. The calls for the federal government to stay out of the matter and let the investment firm fail on its own are...
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Today may well be the day that Lehman (LEH) fails. No one should be surprised if the company goes into Chapter 11 today or if the government steps in to sell off pieces and guarantee the firm’s...
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Lehman Brothers (NYSE: LEH) has finally pre-announced its earnings at -$5.92 EPS. First Call had estimates at worse -$3.00 but no one is using that estimate based upon the recent mudslide and...
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This morning we are seeing a massive gain on the heels of the US government seizure tied to Fannie Mae and Freddie Mac. Those shares are halted and Warren Buffett has just called these virtual call...
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Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its Conviction Sell List. The firm says...
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Goldman Sachs Group Inc. (NYSE: GS) has been an incredible performer among the bulge bracket investment banking firms during the entire credit meltdown and market malaise. Its shares had been...
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Drilling into the jaw bone without Novocaine. The competition to maybe buy or maybe not buy Lehman (LEH) picks up a new angle everyday. The latest is a report by Reuters that HSBC and an "unknown"...
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Through the weekend the management of Lehman (LEH) is desperately meeting with any investors who will hear its case. According to the Telegraph, these includes Korea Development Bank, Chinese broker...
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