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Lehmans' third anniversary: Are investors better off?
Lehman Brothers, the fourth-largest investment bank in the biggest economy in the world, filed for bankruptcy; the Dow Jones industrial average dropped 2.5% – 283 points – by early afternoon. By 17 September, the index had dropped a combined 800 points
Updated: 09/15/2011 02:39A
Lehmans three years on: Do advisers understand counterparty risk?
It has been three years since Lehman Brothers filed for bankruptcy, creating the biggest banking failure in history and sending shockwaves through global markets. Thousands of UK IFAs and their clients, who held Lehman-backed products lost money
Updated: 09/15/2011 02:39A
Macao authorities offer help to visitors after Macao Dragon ceases ferry
15 (Xinhua) -- Maritime Administration of Macao Special Administrative Region (SAR) vowed to coordinate ferry operators to offer help to residents and visitors affected by bankruptcy filing of Macao Dragon, which ceased operations Thursday.
Updated: 09/15/2011 02:35A
Austria''s economy suffers EUR 40 bln if Greece goes bankrupt
The Austrian Finance Ministry estimated that Greek bankruptcy would cost the country an immediate loss of EUR five billion. This includes loans giving out within the financial aid package presented to Greece. The aid package would swell up from EUR 1.2
Updated: 09/15/2011 02:33A
Today in History - Sept. 15
In 1993, a compensation plan was announced for people who contracted HIV through tainted blood products before Canadian officials started screening blood for the virus. The plan was approved by most provinces and both territories.
Updated: 09/15/2011 02:31A
Lehman loses bid to get $500m from Barclays
"The court sides with Barclays," Judge James Peck wrote in his ruling filed in US bankruptcy court in New York. "The Lehman motion is baseless." The judge called the $2 billion figure "an approximation, a rough, good faith estimate of the total
Updated: 09/15/2011 02:21A
UAW extends Chrysler, GM contracts after missing deadline for new agreements
The contract talks are the first since GM and Chrysler needed government aid to make it through bankruptcy protection in 2009. GM nearly ran out of cash and needed $49.5 billion from the government to survive, but it's been making billions in the last
Updated: 09/15/2011 02:20A
WBOC-TV 16, Delmarvas News Leader, FOX 21 - Dodgers owner reach temporary
What will happen to the team has been put on hold until a bankruptcy court in Delaware sorts out the mess. "More clearly, until the case is out of bankruptcy, the Dodgers can't be sold," said Superior Court Judge Scott Gordon, who presided over an
Updated: 09/15/2011 02:18A
How Conservatives and Big Oil are Using a Phony Scandal to Undermine Obama
Sign up to stay up to date on the latest News & Politics headlines via email. Well here's a surprise: conservatives and oil interests are pushing deceptive and destructive stories about President Obama and clean energy. Imagine that!
Updated: 09/15/2011 02:16A
WAFB Channel 9, Baton Rouge, LA |Dodgers owner reach temporary spousal support
What will happen to the team has been put on hold until a bankruptcy court in Delaware sorts out the mess. "More clearly, until the case is out of bankruptcy, the Dodgers can't be sold," said Superior Court Judge Scott Gordon, who presided over an
Updated: 09/15/2011 02:15A
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