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Tycoon Pickens sues Lehman over collateral
NEW YORK (Reuters) - Texas billionaire and energy tycoon T. Boone Pickens has sued Lehman Brothers Holdings Inc for $59.9 million, claiming the bankrupt investment bank breached its contract by failing to repay collateral posted by Pickens.
Reuters – 10 hours, 10 minutes ago – comment?
NEW YORK (Reuters) - Texas billionaire and energy tycoon T. Boone Pickens has sued Lehman Brothers Holdings Inc for $59.9 million, claiming the bankrupt investment bank breached its contract by failing to repay collateral posted by Pickens.
Reuters – 10 hours, 10 minutes ago – comment?
Shadows In The Valley
Tech shares haven't yet sunk to the ''drill-bit'' values of the dot-com bust. But the Valley is getting nervous anyway.
Forbes.com – 10 hours, 11 minutes ago – comment?
Tech shares haven't yet sunk to the ''drill-bit'' values of the dot-com bust. But the Valley is getting nervous anyway.
Forbes.com – 10 hours, 11 minutes ago – comment?
Morgan Stanley and Mitsubishi clear hurdle, shares fall
NEW YORK (Reuters) - Morgan Stanley said on Tuesday its deal to sell a stake to Japanese bank Mitsubishi UFJ Financial Group Inc (MUFG) was on track to close promptly, easing fears about the agreement that sent its shares plummeting as much as 40 percent.
Reuters – 10 hours, 11 minutes ago – comment?
NEW YORK (Reuters) - Morgan Stanley said on Tuesday its deal to sell a stake to Japanese bank Mitsubishi UFJ Financial Group Inc (MUFG) was on track to close promptly, easing fears about the agreement that sent its shares plummeting as much as 40 percent.
Reuters – 10 hours, 11 minutes ago – comment?
Shorts say stock woes prove crisis not their fault
CHICAGO (Reuters) - A temporary U.S. ban on short selling has failed to stop the relentless sell-off of financial stocks, proving that the trading strategy is not to blame for the crisis shaking Wall Street, two veteran short sellers said on Tuesday.
Reuters – 10 hours, 13 minutes ago – comment?
CHICAGO (Reuters) - A temporary U.S. ban on short selling has failed to stop the relentless sell-off of financial stocks, proving that the trading strategy is not to blame for the crisis shaking Wall Street, two veteran short sellers said on Tuesday.
Reuters – 10 hours, 13 minutes ago – comment?
Investment Column: N Brown is well insulated from credit crunch
Read full story for latest details.
The Independent – 10 hours, 21 minutes ago – comment?
Read full story for latest details.
The Independent – 10 hours, 21 minutes ago – comment?
Market Report: RBS and HBOS slump on fresh bank fears
So, after the latest Monday meltdown, much of the market picked itself up, but the banks did not escape another hammering. After news that some of the UK's biggest banks had asked for a £15bn handout, the rumour mill started flowing. The one that had trad-ers jawing in the morning was talk ... more »
The Independent – 10 hours, 21 minutes ago – comment?
So, after the latest Monday meltdown, much of the market picked itself up, but the banks did not escape another hammering. After news that some of the UK's biggest banks had asked for a £15bn handout, the rumour mill started flowing. The one that had trad-ers jawing in the morning was talk ... more »
The Independent – 10 hours, 21 minutes ago – comment?
GM to cut production in Europe by 40,000 vehicles as sales slide
General Motors is cutting vehicle production in Europe and extending temporary shut-downs at its plant in Luton, in the UK, as it grapples with sliding car sales.
The Independent – 10 hours, 21 minutes ago – comment?
General Motors is cutting vehicle production in Europe and extending temporary shut-downs at its plant in Luton, in the UK, as it grapples with sliding car sales.
The Independent – 10 hours, 21 minutes ago – comment?
Interest rate cut would not save high street, Bhs's Green says
Sir Philip Green failed to lift the gloom on the high street yesterday, unveiling operating profits down sharply at the Bhs store chain and warning that a cut in interest rates would have little impact on trading before Christmas.
The Independent – 10 hours, 21 minutes ago – comment?
Sir Philip Green failed to lift the gloom on the high street yesterday, unveiling operating profits down sharply at the Bhs store chain and warning that a cut in interest rates would have little impact on trading before Christmas.
The Independent – 10 hours, 21 minutes ago – comment?
What is Paulson's Plan B?
Monday, 29 September, the US financial bail-out is rejected by the House of Representatives and the stock market plunges. A week later, after the Bill has passed, the stock market plunges again. What's to conclude from these apparently inconsistent responses?
The Independent – 10 hours, 21 minutes ago – comment?
Monday, 29 September, the US financial bail-out is rejected by the House of Representatives and the stock market plunges. A week later, after the Bill has passed, the stock market plunges again. What's to conclude from these apparently inconsistent responses?
The Independent – 10 hours, 21 minutes ago – comment?
Iceland: dancing on the brink of bankruptcyThe days grow ever darker in Reykjavik. Gone is the almost eternal daylight, which washes across Iceland's capital in the height of summer. A darkening gloom arrives earlier each day now. An icy wind blows in from the east. Darkness will be a constant presence here soon as winter sets in.
The Independent – 10 hours, 21 minutes ago – comment?
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