|
|
Lehman shares rebound as Fuld pledges to execute
Summary from multiple countries, from articles in English
|
Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices against new hope for the financial sector after Lehman Brothers posted results. (article 6)
Lehman Brothers Holdings Inc. posted a nearly $3-billion US loss Monday, after the fourth-largest U.S. investment bank was hurt by wrong-way hedging and trading positions. (article 3)
The results marked the first time that Lehman Brothers recorded a loss since going public in 1994, and confirmed what the company had forecast last week. (article 3)
Traders took comfort from comments from Lehman bosses on Monday that the worst may be over for the investment bank, sending shares up 7%. (article 5)
" This is my responsibility Fuld declared in his first comments since the bank forecast last week it lost nearly $3 billion from bad bets in mortgage-backed securities and other risky investments. (article 1)
As the longest serving CEO left on Wall Street, his mission now is clearly to restore confidence to the firm's tarnished image. (article 1)
On Monday, Lehman announced it was raising $6 billion in capital to shore up its books, but the stock has continued its downward spiral as credit rating agencies and analysts cut the firm's rating. (article 4)
|
Other summaries about this story:
Event tracking:
Story keywords
|
Lehman, Fuld, bank, Investment, Callan |
Source articles
- Lehman shares rebound as Fuld pledges to execute (Washington Post, 06/14/2008, 561 words)
- At Lehman, Chief Exudes Confidence (nytimes.com, 06/17/2008, 1042 words)
- Lehman Brothers loses $2.87B (cbc.ca, 06/16/2008, 335 words)
- Lehman Brothers Removes Finance, Operating Chiefs (Washington Post, 06/14/2008, 434 words)
- Lehman Brothers posts $2.8bn loss (BBC News, 06/16/2008, 227 words)
- Shares Are Mixed as Oil Price Declines (nytimes.com, 06/17/2008, 532 words)
|
|
blaster@cs.columbia.edu
|
