September 10, 2008 3:41 PM ET
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![]() 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![]() Many Americans are wising up, cutting back and determined to nail down that precious commodity called financial sanity. Women in Red
Financial news centerLehman plans sales, posts $4 billion quarterly lossLehman 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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Main Street Capital Holdings (MAIN) | +8.36% | |
VAALCO Energy, Inc. (EGY) | +8.27% | |
Spherion Corp (SFN) | +8.19% |
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![]() | Rating: 70.78 +55.66 | |
![]() | Rating: 85.66 +54.01 | |
![]() | Rating: 76.60 +53.19 |
Ratings as of 2:01 PM Eastern Time
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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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