Archive for September, 2008

Pentagon admits Afghanistan strategy not succeeding (Reuters)

Written by on Wednesday, September 10th, 2008 in Latest News.

A U.S. soldier keeps watch as a helicopter lands in the Maalistan district of Ghazani province, June 2, 2008. (Shir Ahmad/Reuters)Reuters – The U.S. military conceded it was
not winning the battle against an increasingly deadly
insurgency in Afghanistan and said on Wednesday it would revise
its strategy for the region to include militant safe havens in
neighboring Pakistan.

Original post by Reuters and software by Elliott Back

Lehman tries to soothe Wall Street with asset sale (AP)

Written by on Wednesday, September 10th, 2008 in Latest News.

A trader looks at the monitor around the trading post where Lehman Brothers stock is traded on the floor of the New York Stock Exchange as the market opens Wednesday, Sept. 10, 2008. Stock prices rose early Wednesday, staging a partial rebound from a steep sell-off after investors grew encouraged that Lehman Brothers Holdings Inc. is close to a deal to sell a majority stake in its investment management business and bring in much-needed capital. (AP Photo/David Karp)AP – Lehman Brothers, in a desperate bid to survive, announced plans Wednesday to sell a majority stake in its prized investment management business and said a sale of the entire company was possible.

Original post by AP and software by Elliott Back

Lehman plans sales, posts $4 billion quarterly loss (Reuters)

Written by on Wednesday, September 10th, 2008 in Latest News.

An employee at the Lehman Brothers office in Singapore, May 27, 2008. (Vivek Prakash/Reuters)Reuters – Lehman Brothers Holdings Inc
plans to sell a majority stake in its asset management unit and
spin off commercial real estate holdings, hoping to restore
investor confidence and ensure its survival after reporting a
record quarterly loss of about $4 billion.

Original post by Reuters and software by Elliott Back



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