Lehman Holds Urgent Talks in Efforts to Secure More Capital
The New York-based investment bank Lehman Brothers (LEH), remains fully aware of its critical situation as one of the hardest hit casualties of the credit mess.... Read »
Lehman Plans Offloading Real-Estate Loans
More news on the Lehman Brothers (LEH) front. The New York-based firm currently faced with crippling losses, according to the on-line edition of the WSJ –... Read »
Microsoft to Acquire Web Research Firm for $486 mln
The software giant Microsoft Corp. (MSFT) – announced on Friday that it has agreed to acquire Web-based survey company Greenfield Online Inc. (SRVY), and its... Read »
Wind Turbine Market Estimated To Reach $60.9 Billion by 2013
High oil prices, together with the rapid economic development in the emerging economies of Brazil, Russia, India and (particularly) China, are driving and intensifying... Read »
Lehman to Cut 5 Percent of Workforce
Lehman Brothers (LEH), reports NYT – is about to lay off as many as 1,200 sales people and traders, 5% of its work force, before it announces third-quarter... Read »
GDP Beats Forecast, Economy Long Way from Recession in Q2
In its preliminary 2Q’08 GDP estimates – the Commerce Department said on Thursday, the country’s gross domestic product was revised up at an annual... Read »
Senior Management Shake-Up at Fannie
Fannie Mae (FNM), announced Wednesday a series of senior executive appointments, effective immediately. The executives include Peter Niculescu, who has assumed the... Read »
Lehman & Goldman Facing More Writedowns
Writedowns continue to pose an ongoing threat to the relative stability of the financial sector. From regional banks to major financial institutions, firms are owning... Read »
Stronger than Expected Durable Orders Data for July
Based on the advance report on manufacturers, shipment, inventories and orders – the Commerce Department reported on Wednesday that new orders for long-lasting... Read »
Apple Gaining Ground in Smartphone Market
Despite Apple’s (AAPL), iPhone latest UK complications, the Cupertino-based company is performing quite well in the consumer market as it keeps gaining market... Read »
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