 |
 |
|
 |
|
 |
 |
| Subscriber Login |
 |
RSS Feeds
WA Business News subscriber login
Lehman under pressure to take action
21-August-08
Written by AAP
The pressure is increasing on Lehman Brothers Holdings Inc to come up with a plan to restore itself to financial health - or possibly face the worst-case scenario of selling itself off in pieces and at bargain prices.
The nation's fourth-biggest investment house is considered the most vulnerable amid the financial sector's continuing losses from the credit crisis. This week, Lehman has been the subject of analyst downgrades and projections that it will lose $US4 billion ($A4.59 billion) in the third quarter. There is rising speculation - most of it negative - about its short-term prospects, leading more investors to bail out of Lehman stock, which closed Wednesday at $13.73, well off its 52-week high of $67.73.
Article continues...
21-August-08
Written by AAP
The pressure is increasing on Lehman Brothers Holdings Inc to come up with a plan to restore itself to financial health - or possibly face the worst-case scenario of selling itself off in pieces and at bargain prices.
The nation's fourth-biggest investment house is considered the most vulnerable amid the financial sector's continuing losses from the credit crisis. This week, Lehman has been the subject of analyst downgrades and projections that it will lose $US4 billion ($A4.59 billion) in the third quarter. There is rising speculation - most of it negative - about its short-term prospects, leading more investors to bail out of Lehman stock, which closed Wednesday at $13.73, well off its 52-week high of $67.73.
Article continues...
Welcome to the new WA Business News website.
We invite you to explore our new site, with its added features and tools. The search capabilities of archives has been upgraded and expanded, includes 17,546 Western Australian business articles totalling 6,497,223 words.
Subscribers to the WA Business News are able to access articles as part of their subscription. If you are not a subscriber you can subscribe online now or you can purchase credits to view the articles. Alternatively you can also request an 8 week free trial of our paper (Note: the 8 week trial does not include website access).
If you are a subscriber or have previously registered with the website and don't know your login details please contact us on +61 8 9288 2100. If you are unsure of your login password please complete the forgot password form
Kind regards
Harry Kleyn - Publisher
 |
| TO-DO LIST |
|
> 40under40 nomination > Sign up for a subscription > Sign up for our daily alerts > Send in a media release |
 |
 |
| SUBSCRIBE TODAY! |
