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Entries Tagged ‘Callan’

Moody’s may cut Lehman’s ‘A1′ rating on ouster of CFO

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Friday placed Lehman
Brothers Holdings’ A1 rating on review for a possible downgrade. The move follows
Lehman’s announcement that Chief Financial Officer Erin Callan is leaving. The
ratings agency noted that although the purpose of the management change appears
to be an effort to assure accountability for its losses and to [...]

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Lehman Shares Fall Below $28 Price In Capital-Raising >LEH

Lehman Shares Fall Below $28 Price In Capital-Raising >LEH
Last Update: 6/10/2008 11:50:06 AM
DOW JONES NEWSWIRES
Shares of Lehman Brothers Holdings Inc. (LEH) continued their fall, dropping over
6% Tuesday as their month-long swoon resulted in the brokerage shedding 40% of
its market value.
Monday’s projection of a $2.8 billion quarterly loss deepened anxieties that
banks and [...]

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