You know times are tough when the crisis counselors are feeling overwhelmed. Getty Images It's not easy being a telephone counselor these days. People are turning to short-term counseling services offered by their employers in numbers not seen since 9/11. This week Aetna said its unit serving the employee-assistance programs [...]
Business Week |
November 23rd, 2008 |
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The builders are about as pessimistic as they've ever been. Yesterday, we learned that the National Association of Home Builders/Wells Fargo Housing Market Index, which tracks builder sentiment, fell to a record low of 9 in November (sinking from an already low 14 in October). Today we found out that [...]
The New York Giants are grabbing their helmets, strapping on their shoulder pads and tackling the biggest, baddest smash-mouth gang they've ever faced - Lehman Brothers.[...]
The Deal Blogs |
November 23rd, 2008 |
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Citigroup Inc.'s stock dipped below $4 a share Friday. "Rumor mongering" was the cause of the stock's cliff dive, according to CEO Vikram Pandit, as executives over at Citi continue to reiterate that its capital position is "very strong." Of course, we've heard that before from the likes of Bear [...]
With new bond issues at a virtual standstill after the bankruptcy filing by Lehman Brothers, fears have intensified that companies will be unable to raise money to pay off bonds maturing in the next three years.[...]
Seeking Alpha |
November 11th, 2008 |
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If you've been saving your cash for fire sales at bankrupt retailers, don't blow it all at Circuit City (CC). Many other companies are likely to end up in even worse shape over the next year. So far in 2008, there have been a few name-brand bankruptcies - like the [...]
FT Alphaville |
November 11th, 2008 |
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If at first you don’t succeed, try a more complex solution, notes Lex. Washington's AIG bail-out – plan B, or is that C? – replaces the $85bn bridge loan agreed back in September with a collection of schemes. The aim is to buy both sides time. The government, scarred by [...]
Financial Times |
November 10th, 2008 |
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The country's top financial regulator on Monday defended his decision to scuttle Korea Development Bank's attempt to acquire now-defunct Lehman Brothers[...]
Business school professors from Villanova and the University of Virginia are wondering how in the world external auditors who reviewed the policies and internal controls procedures of firms like Lehman Brothers, Wachovia and Fannie Mae agreed that they were "good enough to prepare reliable financial statements," when in fact, the [...]
FT Alphaville |
November 9th, 2008 |
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The US congressional committee that made headlines last month grilling former Lehman Brothers chief executive Dick Fuld and former executives of AIG has summoned some top hedge-fund managers to answer questions on topics ranging from their pay to influence on the markets, reports the WSJ. Philip Falcone,[...]
The pink slips are flying faster since the failure of Lehman Brothers in mid-September intensified the crisis in the global finance markets.[...]
As George Miller welcomed 60 bankers to the chandeliered Charlotte City Club one evening in September, the focus was on more than the recent bankruptcy of Lehman Brothers Holdings Inc. From their 31st-floor perch, members of the American Securitization Forum, which Miller leads, fretted about the future of their $10.7-trillion [...]
The Deal Blogs |
November 7th, 2008 |
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Believe it or not, bonus-wise, former Bear Stearns Cos. and Lehman Brothers Holdings Inc. executives who were carried over to new firms could have lucked out.[...]
FT Alphaville |
November 6th, 2008 |
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The September collapse of Lehman Brothers and the ensuing market turmoil took a heavier than expected toll on BNP Paribas, dragging down Q3 net income at France’s biggest bank by 56% to €901m ($1.17bn). Baudoin Prot, chief executive, on Wednesday admitted that BNP Paribas had initially underestimated the cost of [...]
Portfolio |
November 5th, 2008 |
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I'm thinking I should institute some kind of CDS Demonization Watch: this meme is only going to grow and grow. And it's spreading, too, into the wonkier areas of the financial press -- people and publications on the ought-to-know-better list, such as Nathaniel Baker, of The Deal: The bankruptcies of [...]
Seeking Alpha |
November 5th, 2008 |
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MasterCard Incorporated (MA) reported earnings after the close Monday. By almost all standards the company beat expectations coming in with earnings of $2.47 per share on revenue of $1.3 billion dollars. The expectation had been for earnings near $2.25. The third quarter was characterized by strength during the majority of [...]
Lehman Brothers is seeking a Trading Analyst for their Houston, TX offices.[...]
Learn more about Lehman Brothers View All Lehman Brothers Opportunities About Us: Founded in 1850, Lehman Brothers is a global investment bank with leadership [...]
Lehman Brothers is currently seeking a Desk Associate in New York.[...]
Learn more about Lehman Brothers View All Lehman Brothers Opportunities About Us: Founded in 1850, Lehman Brothers is a global investment bank with leadership [...]
