Highlights
A collection of news and information related to Lehman Brothers Holdings Incorporated published by Tribune Company sources.
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Rell Says Connecticut Can't Afford Prison Guards' Pay Raises
Republican Gov. M. Jodi Rell called Thursday for the Democrat-controlled legislature to overturn an arbitration award for unionized prison guards that she says is unaffordable. The award provides a 3 percent general wage increase in the first year that...Tags: Employees, Laws, Wages and Pensions, Jodi Rell, Prisons
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Bond prices mixed as Treasury manages another very strong auction of 10-year notes
AP Business WriterNEW YORK (AP) — The Treasury has auctioned off a massive $54 billion in notes and other longer-term securities this week. And at each auction, demand was twice as high as supply. Although investors are worried that demand for government debt will...Tags: Government Debt, Public Finance, Derivative Securities, State Budgets, Mortgages
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Time Warner expects $25 billion impairment charge in 4th quarter, leading to a loss for year
AP Business WriterNEW YORK (AP) — Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year. New York-based Time Warner said...Tags: Atlanta Hawks, Satellite and Cable Service, Microsoft Corp., John Martin, CNN
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Economy's bad, but we've seen worse since '29
Trips off the tongue, doesn't it? "The worst recession since the Great Depression." Special interests seeking bailouts, politicians pushing legislation and even some news organizations assure us it's true. Except it's not. Not yet. From what we know so...Tags: Public Finance, State Budgets, Freddie Mac, Michigan, Economy
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Manhattan luxury housing market takes a hit
Park Avenue property owners are feeling a little poorer.
In what seemed like a New York-minute, prices of luxury homes in the area suddenly started to fall. One penthouse owner on Central Park West repeatedly slashed the asking price down to $9.9 million...Tags: Homes, Jonathan Miller, Freddie Mac, Long Island, Fannie Mae
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Some Hope For Opportunity To Purchase Shoreline Open Space
The Hartford CourantFor some shoreline residents, last fall's news that Lehman Brothers was declaring bankruptcy seemed to have a local silver lining: Among the company's assets was The Preserve, the 934-acre forest property at the center of a long-standing land dispute....Tags: Charity, Environmental Politics, Bankruptcy, Golf, Wetlands
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Madoff memorabilia is selling on eBay
THE ASSOCIATED PRESSDid you get fleeced by Bernard Madoff? Or did you buy that Madoff Securities fleece jacket on eBay? Madoff, who was arrested last month after allegedly telling investigators he lost as much as $50 billion of investors' money in a giant Ponzi scheme,...Tags: Wine, Beer, and Spirits, Bernard Madoff, eBay Inc., Corporate Crime, Fraud
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Madoff victims selling memorabilia on eBay
Associated Press WriterDid you get fleeced by Bernard Madoff? Or did you buy that Madoff Securities fleece jacket on eBay? Madoff, who was arrested last month after allegedly telling investigators he lost as much as $50 billion of investors' money in a giant Ponzi scheme, put...Tags: Wine, Beer, and Spirits, Bernard Madoff, eBay Inc., Corporate Crime, Fraud
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Bond market isn't always a safe haven
Sometimes investors get restless when they are cozy. That's true of risk-averse people who parked money in the safest of bonds and money market funds during the last few months. For awhile, the haven was just what investors wanted--a shield from the...Tags: General Motors Corp., Money and Monetary Policy, Credit Ratings, Inflation and Deflation, Bonds
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Stores to airlines, many brands vanished in 2008
The Associated PressShoppers won't be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines or buying ultra-cheap tickets on Skybus, either. All those names vanished this...Tags: Kohl's Corporation, Consumers, Transportation, Consumer Confidence, Management Change
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The top 10 national business stories of 2008
Tribune reporter1. Recession: The U.S. economy slid into a recession that many economists believe will be at least as bad as the early 1980s downturn and possibly the worst since the Great Depression. The U.S. unemployment rate is at heights not seen since the mid-1980s,...Tags: Commodity Markets, Layoffs and Downsizing, Market and Exchange, Fraud, Morgan Stanley Dean Witter & Company
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As 2009 dawns, familiar brands are now nostalgia
Of The Associated PressShoppers won't be picking up ornate lamps from the Bombay Co. this year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines or buying ultra-cheap tickets on Skybus, either. All those names vanished last year,...Tags: Consumers, Transportation, Bombay Company Incorporated, Consumer Confidence, Management Change
Jan 9, 2009
|Story| Hartford Courant
Jan 8, 2009
|Story| Associated Press
Jan 7, 2009
|Story| Associated Press
Jan 7, 2009
|Column| Baltimore Sun
Jan 6, 2009
|Story| Newsday
Jan 5, 2009
|Story| Hartford Courant
Jan 4, 2009
|Story| Associated Press
Jan 4, 2009
|Story| Associated Press
Jan 4, 2009
|Story| Allentown Morning Call
Jan 5, 2009
|Story| Associated Press
Jan 1, 2009
|Story| Chicago Tribune
Jan 2, 2009
|Story| Allentown Morning Call
