Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support, possibly setting the stage for the end of the biggest bankruptcy in U.S. history.
Lehman Brothers Holdings Inc said it has received a wider base of support from creditors for its reorganization, and filed a new plan it hopes will help it emerge from bankruptcy and pay creditors faster.
Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.
Federal bankruptcy court approved on Thursday a settlement between the Lehman Brothers brokerage and JPMorgan Chase & Co in which the bank will return more than $800 million of cash and securities to resolve claims brought by the Lehman trustee.
Stocks rose in volatile trading on Friday after France and Germany said they reached an outline agreement to aid debt-burdened Greece, while a gauge of future U.S. economic activity was stronger than expected.
Lehman Brothers Holdings Inc is increasing to $65 billion its estimated payback for creditors, a company spokeswoman said on Thursday.
Lehman Brothers Holdings Inc is delaying its fight to block real estate developer SunCal from challenging $1.5 billion in claims Lehman asserted as a creditor in bankruptcy court against a number of Lehman/SunCal real estate projects.
Bondholders of Lehman Brothers Holdings Inc have postponed a hearing on a controversial proposal to force the failed investment bank's creditors to share details about their claims, citing a wave of objections to the plan.
Goldman Sachs Group Inc is rejecting accusations that it tried to stall a probe by Lehman Brothers Holdings Inc into whether its descent into bankruptcy was exacerbated by false rumors.
Germany's bank association on Saturday backed government proposals to get private creditors involved in the cost of a second bailout for Greece, although it was not clear if the banks favoured a controversial bond swap.
favored Berlin is pushing hard for commercial banks to contribute to the cost of the estimated 120 billion euro ($172 billion) deal, but has not yet convinced the European Cent...
Helping indebted European countries get back on their feet is vital to Germany's economic health, Chancellor Angela Merkel said on Saturday in a message aimed at the general public.
Goldman Sachs Group Inc and other banks fighting for control of Lehman Brothers Holdings Inc's bankruptcy have joined efforts to avoid sharing information about claims against the failed investment bank.
Creditors of Lehman Brothers Holdings Inc , including units of Bank of America Corp and Barclays PLC , are blasting attempts by Lehman bondholders to force them to reveal details about their claims against the failed bank.
The trustee for the brokerage arm of Lehman Brothers Holdings Inc is entitled to $4 billion in margin assets that have been the subject of a long-running legal fight with Barclays Plc , a bankruptcy judge said on Monday.
The trustee for Lehman Brothers Holdings Inc's U.S. brokerage is entitled to $4 billion of disputed margin collateral assets in its legal fight with Barclays Plc , a bankruptcy judge ruled on Monday.
Futures on major U.S. indices point to higher opening on Tuesday as speculation that the European Union authorities will agree a fresh bailout for debt-laden Greece buoyed sentiment.
Citigroup Inc on Thursday sought to dismiss an effort by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was teetering on bankruptcy in the fall of 2008.
Microsoft announced an update for its Windows Phone 7 OS under the moniker Mango which will be rolled-out this fall bringing a deeper integration between native services and apps.
Software giant Microsoft should replace Steve Ballmer as its Chief Executive, Greenlight Capital Inc. President David Einhorn said at the Ira Sohn Investment Conference in New York.
In March 2010, we predicted that gold demand in China would double by 2020, however, we believe that this doubling may in fact be achieved sooner. Increasing prosperity in the world's most populous country coupled with their high affinity for gold will serve to drive demand in the long-term.
Treasury Secretary Tim Geithner said the failure to raise the debt ceiling will bear “catastrophic consequences.”
JPMorgan Chase & Co urged a bankruptcy court on Tuesday to throw out Lehman Brothers Holdings' claim demanding that it hand over $8.6 billion in cash taken as collateral in the weeks before Lehman imploded in September 2008.
