Lehman shares drop as Wall Street questions survival

無法笑

Lehman Brothers shares lost about 40 percent on Thursday as Wall Street questioned whether the investment bank will survive because of its failure to sell assets to cover losses from toxic real estate investments.

In early trade, the stock was recently down $2.92, or 40 percent, at $4.32 as analysts voiced doubts about the bank's survival plan, laid out on Wednesday by Chief Executive Dick Fuld.

The shares have lost about 76 percent since Monday
and are down 94 percent from their 52-week high of $67.73.

無法笑

Lehman Brothers Holdings Inc was forced into talks about a possible sale after the Wall Street investment bank's shares plunged more than 40 percent on Thursday, raising questions about its survival.

Lehman and U.S. officials were in intensive discussions about a number of options, including a complete sale, sources with direct knowledge of the talks said. One of the sources said the firm was resisting government intervention.

The U.S. government is hoping to avoid spending money on a bailout.

JKL

thanks  

無法笑

Lehman Brothers shares resume decline as it seeks buyers, confidence wanes

Lehman Brothers' shares sank further on Friday as top executives raced to put a sale of the beleaguered investment bank in place.

Confidence has waned that Lehman Brothers Holdings Inc. will emerge from the financial crisis as an independent franchise, and the No. 4 U.S. investment bank is scouring Wall Street for a financial lifeline. Executives worked feverishly in the past 24 hours to find someone willing to buy all or part of the company, bankers and industry executives close to the situation said.

In morning trading, Lehman shares fell 40 cents, or 9.5 percent, to $3.82 from 67.0 of its highest in 52 weeks.

三姨媽

A share fell 75% too........................

無法笑

Lehman shares down on Paulson bailout reluctance

Concern that Lehman Brothers Holdings Inc may fail to find a buyer because the U.S. government is reluctant to provide financial backing sent the investment bank's shares tumbling to a nearly 14-year low on Friday.

JKL

原帖由 無法笑 於 2008-9-12 11:58 PM 發表
Lehman shares down on Paulson bailout reluctance

Concern that Lehman Brothers Holdings Inc may fail to find a buyer because the U.S. government is reluctant to provide financial backing sent t ...

thanks