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Written by Webmaster
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Monday, 15 September 2008 |
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The sad fate of Lehman Brothers is a cautionary tale of what's gone wrong with Wall Street.
Bankruptcy AIG planning big spinoff
American International Group, the nation's largest insurer, plans to unveil a restructuring plan as soon as Monday morning that will include selling off part of its business to raise desperately needed cash and boost investors' confidence, according to published reports.
 Wall Street on alert: Lehman endgame
Wall Street remained on alert late Sunday as hopes for a buyout of beleaguered Lehman Brothers faded and following extensive efforts by both executives and regulators to stave off a broader financial crisis.
 Oil slides below $99 - Markets relieved
Oil prices fell below $99 a barrel on Sunday in a special early-start session as traders bet that Hurricane Ike did not cause significant damage to refineries.
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Last Updated ( Monday, 15 September 2008 )
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