News In Numbers
NEWS
$3.9
billion in third-quarter write-downs for Lehman Brothers precipitates a massive drop in share value, an attempted sale to Bank of America or Barclays, followed by a Chapter 11 bankruptcy filing for the 158-year-old firm. Barclays eventually agrees to purchase parts but not all of the firm.
Source: Press Reports
7
hours of nail-biting takes place as a massive systems failure makes the London Stock Exchange unavailable for trading on Monday, Sept. 8-reportedly its worst outage in eight years.
Sour
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