Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for divvying up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
- Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank Bear Stearns and its outside auditor, Deloitte & Touche, can go forward.
Lehman Brothers Holdings is demanding that Bank of America return an additional $9 million on top of $500 million it has been ordered to repay by a bankruptcy judge.
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of a bankruptcy plan, and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy plan and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy reorganization plan as it tries to settle differences with creditors, who are owed well over $300 billion.
The market is often an anonymous place where you don't really know who is on the other side of your trade. Sometimes, however, it gets personal.
By keeping interest rates at all-time low levels, the U.S. faces the potential for a second major financial crisis, cautioned David Einhorn, the hedge fund manager.
World stocks held near the previous day's two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011.
World stocks held near the previous day's two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011.
Stocks rose on Wednesday on strength in financials, putting the S&P 500 on the path for a fifth-straight session of gains and lifting it to levels not seen since before Lehman Brothers Holdings' bankruptcy.
Stocks edged higher on Wednesday as gains in financial stocks helped put the S&P 500 on pace for a fifth-straight winning session and lifted the benchmark index to levels not seen since before Lehman Brothers went bankrupt.
Stocks edged higher on Wednesday as financial stocks helped extend four days of gains that drove the S&P 500 to levels not seen since before Lehman Brothers went bankrupt two years ago.
S&P 500 stock index futures edged higher on Wednesday as traders looked to extend four days of gains that drove the S&P 500 to levels reached just before Lehman Brothers went bankrupt two years ago.
New York prosecutors sued Ernst & Young, accusing the accounting firm of helping to hide Lehman Brothers Holdings Inc's financial problems, the first major government legal action stemming from the Wall Street bank's 2008 downfall.
New York prosecutors sued Ernst & Young, accusing the accounting firm of helping to hide Lehman Brothers Holdings Inc's financial problems, the first major government legal action stemming from the Wall Street bank's 2008 downfall.
Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said on Monday, citing people familiar with the matter.
Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said on Monday, citing people familiar with the matter.
Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said, citing people familiar with the matter.
Apple stock is still cheap relative to its growth potential and quality, said hedge fund manager David Einhorn.
Bank of America has appealed a bankruptcy court order that it must pay Lehman Brothers Holding Inc about $595 million, according to court documents.
General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.
