September 10, 2008 3:41 PM ET

Arrow © Photodisc/Superstock
Energy, industrial and tech stocks push the market higher. Lehman Bros. reports a $4 billion loss and says it will restructure the company. Many financial stocks are weak. OPEC cuts oil production. Mortgage applications jump.

A desperate but necessary bailout

Fannie Mae and Freddie Mac © Corbis

The Treasury's intervention to shore up Fannie Mae and Freddie Mac allays the fears of foreign investors, but turning around the US economy will take something close to a miracle. SuperModels / Jon Markman


The upside of a down economy

MP Dunleavey

Many Americans are wising up, cutting back and determined to nail down that precious commodity called financial sanity. Women in Red


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Lehman plans sales, posts $4 billion quarterly loss

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. 9/10/2008 11:44 AM

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Jon Markman $1.5 trillion loss

$1.5 trillion loss

That is Jon Markman's estimate of the total losses from the credit crisis, and he explains what may cause a new round of losses.


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Market update

[BRIEFING.COM] Stocks trade near session highs as energy (+4.6%) and material (+3.1%) stocks provide leadership.  At the S&P 500 is down 0.2% for the week at current levels.

Thursday brings several economic reports -- import/export...more...

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3:41 PM ET.


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