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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Chief Richard’

Lehman questions linger

The questions about Lehman Brothers (LEH) won’t go away. The investment bank’s shares rose Monday after Lehman chief Richard Fuld took responsibility for its $2.8 billion second-quarter loss. He stood behind Lehman’s balance sheet marks and reaffirmed that the bank’s so-called deleveraging effort, in which it sold assets to reduce the size of its balance [...]

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A fire caused by high cost gasoline price

DARTMOUTH — A couple tried to beat the high cost of gasoline by hoarding it in their apartment, but the plan backfired when fumes ignited, causing a fire that displaced residents from eight units in the complex, officials said.
Wednesday’s blaze at Ledgewood Commons, fueled by the gas stored in a utility closet, was quickly extinguished [...]

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