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Old 15-09-2008, 01:26 PM   #1 (permalink)
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Unhappy Lehman Brothers Bankrupt ??


Source : Rediff


Lehman Brothers Holdings Inc. will file for bankruptcy after Barclays and Bank of America abandoned talks to buy the company.

The global investment bank will file a Chapter 11 Bankruptcy petition. A press release by the company said Lehman Brothers' US subsidiaries or affiliates, including its broker-dealer and investment management subsidiaries, are not included in the filing.

Detailed Link :- http://www.rediff.com/money/2008/sep/15leh.htm
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Old 15-09-2008, 10:46 PM   #2 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

...........and the bloodbath at the sensex and equity markets continues all over...
sigh.!
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Old 16-09-2008, 02:20 AM   #3 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

sad news..my friend who is doing his MS in Rochester university in USA recently did his internship in this company...
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Old 16-09-2008, 02:29 PM   #4 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

Wow, saw this on CNN this morning. Wonder how wall street will react.
This and the Merryl-Lynch BOA merging should seriously rattle them.
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Old 16-09-2008, 02:48 PM   #5 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

..AND now AIG. What is happening to the market?? Credit crunches. where are all dese huge money going?? Maybe political connection
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Old 16-09-2008, 04:53 PM   #6 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

Markets Plunge Badly !
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Old 16-09-2008, 04:58 PM   #7 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

too bad...btw, who r these guys??
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Old 16-09-2008, 05:11 PM   #8 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

Markets recovered slightly. Just 12 pts in red.
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Old 16-09-2008, 06:13 PM   #9 (permalink)
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no more spam please
 
Old 16-09-2008, 06:26 PM   #10 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

BAD BAD NEWS !!

it'll mean the Indian IT sector gets a bad hit !! DAMN !!
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Old 16-09-2008, 07:05 PM   #11 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

Quote:
Originally Posted by n6300 View Post
BAD BAD NEWS !!

it'll mean the Indian IT sector gets a bad hit !! DAMN !!
How
Kind to explain..?
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Old 16-09-2008, 08:21 PM   #12 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

^^Indian companies dealing extensively with US ones are bound to be affected badly.
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Old 16-09-2008, 08:35 PM   #13 (permalink)
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Default Re: Lehman Brothers Bankrupt ??

Most of their backend and software stuff was done by HCL, Infy and TCS. Hence so.
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