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Source: news.yahoo.com --- 19 hours ago
Reuters - Lehman Brothers Holdings Inc is likely to make a sizable asset sale, which may include a sale of its investment management unit Neuberger Berger, in a move to address problems, particularly those related to its asset exposures and potential client erosion, said analysts at UBS. ... Source: blogs.reuters.com --- 5 minutes ago
Yesterday, UBS put out a research note saying Lehman was likely to make a sizeable asset sale, which may include the disposition of its investment management unit Neuberger Berman. Today, Morgan Stanley said in a research note that although the bank may make a “meaningful” asset disposition, it was unlikely to sell Neuberger. This apparent contradiction isn’t [...] ... Source: dealbook.blogs.nytimes.com --- 22 hours ago
Lehman Brothers‘ stock seems to have stopped its free-fall for the moment, but Wall Street is still seriously concerned about its future. The firm, led by longtime chief Richard Fuld Jr., pictured above, continues to hold a mountain of risky, hard-to-value securities tied to mortgages, real estate and buyout loans, and its clients are watching carefully [...] ... Source: money.telegraph.co.uk --- 22 hours ago
The price of crude oil is approaching a tipping point, investment bank Lehman Brothers warned today, as it slashed its forecasts for demand growth next year. ... Source: www.streetinsider.com --- 23 hours ago
Visit StreetInsider.com at http://www.streetinsider.com/New+Coverage/Lehman+Bros.+Downgrades+Airvana+%28AIRV%29+to+Equalweight+/3840317.html for the full story. ... Source: www.financialweek.com --- 20 hours ago
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What Lehman Brothers Inc. will divest to raise capital and solidify its bottom line has been a question that has been tossed around for weeks. UBS said Wednesday that Lehman may sell its investment... ... Source: www.peakoil.com --- 15 hours ago
"Demand Demolition" NEW YORK (Reuters) - Investment bank Lehman Brothers said Wednesday it slashed its forecast for 2008 world oil demand growth due to a steeper-than-expected slowdown in energy consumption in the United States and other OECD countries. Lehman added it believes the oil m... ... Source: www.bunkerworld.com --- 5 hours ago
Investment bank predicts slowdown in energy consumption in the US and other OECD countries. ...
Source: energyissues.blogharbor.com --- 15 hours ago
Fewer miles being driven and more fuel-efficient cars equates to lower demand. Lower prices should follow. http://www.bloomberg.com/apps/news?pid=20602099&sid=a8rmpQwkyINE&refer=energy http://www.EricWilder.com Tags: oil+and+gas,+supply+and+demand,+energy+efficiency,+eric+wilder,+oil+stories ... Source: www.timesleader.com --- 1 day ago
Lehman TWP. – Township supervisors approved the request Monday of Griffin Adams, a Dallas High School junior, to utilize township roads for the “Run for the Fallen” 5K race on Aug. 14. ... Source: www.topix.com --- 1 day ago
The year was 1862. The cause of alarm: the Civil War, which had cut off communications between Montgomery, Alabama, where Lehman Brothers was founded a dozen years earlier, and New York, where much of its ... ... Source: www.topix.com --- 23 hours ago
Smart, prudent management helped Goldman Sachs Group dodge most of the credit crisis bullets while its rivals took a fusillade of hits. ... Source: www.topix.com --- 1 day ago
Joseph G. Lehman, tapped to become president of the Midland-based Mackinac Center for Public Policy Sept. ... Source: www.topix.com --- 1 hour ago
Lehman Brothers Holdings Inc is unlikely to sell its investment management unit Neuberger Berman, but the fourth-largest U.S. investment bank may make a "meaningful" asset disposition with a strategic partner ... ... Source: www.online-education-resource.info --- 16 hours ago
RESEARCH ALERT-UPDATE 1-Lehman rates education services positiveReuters - 2 hours agoJuly 23 (Reuters) - Lehman Brothers raised its rating on the US education services sector to "positive" from "neutral", and increased the price target on … ... Source: www.techcrunch.com --- 1 day ago
Glam Media has hired Michael Adair, most recently Google’s head of North American sales finance, as their new VP Corporate Development and Finance. Prior to Google Adair was an investment banker at Lehman Brothers and he has an MBA from Harvard. He’ll be responsible for making investments and acquisitions on behalf of Glam. Glam, a women-focused [...] ...
Source: www.huffingtonpost.com --- 57 minutes ago
WASHINGTON — About 2 million Americans get a raise Thursday as the federal minimum wage rises 70 cents. The bad news: Higher gas and food prices are swallowing it up, and some small businesses will pass the cost of the wage hike to consumers. The increase, from $5.85 to $6.55 per hour, is the second of three annual increases required by a 2007 law. Next year's boost will bring the federal minimum to $7.25 an hour. Workers like Walter Jasper, who earns minimum wage at a car wash in Nashville, Tenn., are happy to take the raise, but will still struggle with the higher gas and food prices hammering Americans. "It will help out a little," said Jasper, who with his fiancee support a family of seven, and who earns the minimum plus commissions when customers order premium car-wash services. The bus fare he pays each day to get to work already went up to $4.80 this spring from $4. "I'd like to be on a job where I can at least get a car," he said. Last week, the Labor Department reported the fastest inflation since 1991 _ 5 percent for June compared with a year earlier. Energy costs soared nearly 25 percent. The price of food rose more than 5 percent. So the minimum wage hike is "a drop in the bucket compared to the increases in costs, declining labor market, and declining household wealth that consumers have experienced in the past year," Lehman Brothers economist Zach Pandl said. The new minimum is less than the inflation-adjusted 1997 l ... Find more results for Lehman on RSSMicro.com |
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UBS analyst Glenn Schorr laid out today what he thinks are Lehman's only options for survival. According to Glenn, LEH must (choose one): Offload a "sizable slug" of its risk assets to a distressed buyer, sell Neuberger Berman, sell the firm outright, go private, enter a strategic partnership with a "credible partner," or buy back its shares. Unfortunately, due to time constraints and room on the page, Schorr left out a few other ideas he has in mind for the firm, which we'll include now so that we (us and LEH) can make the most informed decision possible. Our vote is for choice B, but you decide what you think is best, let us know, and we'll forward the tally, plus notes, on to Dick: a. Invite David Einhorn to join the board, handcuff him to his chair, and gloat that he is "now going down with this ship" (in this scenario, Fuld and his Eyebrow play the obvious villain, getting up into Einhorny's face, menacingly hovering and whispering, "You had to keep digging, didn't you, didn't you, you meddling little bastard.") b. Short Lehman in the prime brokerage accounts of certain hedge funds, collect the winnings and then blame said evil short sellers for the inevitable fall to zero. c. Keep your feet on the ground and reach for the stars and know in your heart that Lehman is going to make this thing work.* d. Your Brilliant Plan. Lehman Has Options, Albeit Costly Ones [UBS] * Obviously a joke, so please just choose among A, B, and D. ...
Big Pharmaceutical companies are big earnings gainers this quarter, thanks to strong overseas sales. That begs the question, why are US sales lagging? Aren't drugs one of the most recession-resistant sectors of the economy? When you need medicine, won’t you buy it, no matter what? Lehman analyst Tony Butler believes the sector is vulnerable to economic downturns in ways you might not expect. For example, it would be easy to theorize that people don't want to pay top dollar for brand name medications, so they "trade down" to generics. If that were the case, Butler points out, generic companies would be faring much better than the rest of the industry. But, he says, their sales have slowed too. Istead, he believes many people are going to over-the-counter alternatives. Instead of a prescription allergy medicine with an expensive co-pay, analyst say people will make do with Sudafed, or better yet -- the store brand equivalent of Sudafed. ...