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1.36 printed......
Looks like a rally.. lol
when dembige is not to big in US markets, europe will/can recover.. nice up here for comming days then.. we will see
(in my opinion)
So it is.. I pushed hard..lol
markets recover a little.. few % on buyers like me..
buy low, sell hi...
Here we go.. $1.25 printed..
buying mostly starts last hour.. I go for the -4/5% range
almost last hour.. buy-time-hour.. lol
gltya..
hard up now... nice present these lower prizes..
Green again.. lol
may I have your vote.. lol
Afther the yes, the wall is gone..
And so it is green..
Green in no-time..
Its now on.live> http://www.cnbc.com/id/24596546
Good news this one.. hope they can hold this..
hmmm nice we going up....
Yesterday, there were less than today..
"Management also noted that as of today, there are approximately 640,000,000 shares issued and outstanding"
No, I dont buy in here..
Gltya..
the question is how they gona pay it.. ? and how expensive this would be..
congrat here, I mist it yesterday.. wanted to buy in..
waiting for an second chance here..
gltya
how can they then use the 1 bil for aqusitions? they have to sell them to get $$
Hope we get an interesting day here.. gltya
This company is gona sell 940.000.000 shares to get money for aqusitions thats what I read in the latest PR..
outstandings increase with 64.000.000 when they pay dividend..
Am I write.. ??
Aquisitions, en stockdividend are gona play this stock down, thats what I`am thinking here..
Convince me that I`am wrong,.. pls
Want to buy this stock, but waiting whats happening here..
cutting jobs, saves money..
owkey,, no problem..
I think later today, people take profit here..
come on, this is an Lehman board..
U.S. Stock Futures Rally on Speculation Rescue Plan Will Pass
By Patrick Rial and Ian Sayson
Sept. 30 (Bloomberg) -- U.S. stock futures rose, signaling the Standard & Poor's 500 Index may rebound from yesterday's 8.8 percent plunge, after lawmakers said they intend to salvage a $700 billion bank-rescue package...
http://bloomberg.com/apps/news?pid=20601057&sid=aee97F4m7GEE&refer=futures
financials green in europe !
Neuberger Berman sold to private equity
By Sam Mamudi, MarketWatch
Last update: 1:58 p.m. EDT Sept. 29, 2008Comments: 2NEW YORK (MarketWatch) -- Neuberger Berman, the mutual-fund arm of Lehman Brothers Holdings, has been sold for $2.15 billion to private-equity companies Bain Capital Partners and Hellman & Friedman, the buyers said Monday.
The deal, which includes some fixed-income and alternative asset-management businesses of Lehman Brothers (LEHMQ:Lehman Brothers Holdings Inc
will give rise to the creation of a new company, Neuberger Berman Investment Management. Bain Capital and Hellman & Friedman will have an equal stake in the new company.
Neuberger's portfolio managers will also have a "significant stake," the firm in a statement, without providing further details. That stake will increase as part of an equity-based compensation program, said Neuberger.
It had been reported that manager compensation had been holding up the deal for the past week.
"The portfolio managers across equities, fixed income and alternatives are all energized by the opportunity to reinforce and enhance our already high standards of investment performance and client service, combined with the opportunity to re-establish a direct ownership basis in the business," said Joe Amato, head of Neuberger Berman, who will remain in his post.
Keeping Neuberger's money managers on board was considered crucial to any deal. Managers at the firm, which was stand-alone before Lehman bought it in 2003, are known for their independence and there were concerns that many would leave -- a development that could have hurt the firm's mutual funds. See full story
"This ends the uncertainty about the portfolio management team falling apart," said Ben Phillips, partner at Casey Quirk & Associates. "It bodes well for the operation, not just in terms of retaining talent, but also attracting attention from institutional consultants and gatekeepers at the large broker-dealer firms."
The new company, Neuberger Berman Investment Management, will be led by George Walker, who was global head of investment management at Lehman.
The new company will have about $230 billion in assets under management. As well as the Neuberger Berman mutual-fund business, the deal will see Lehman Brothers Asset Management -- which focuses in fixed income, commodities and quantitative management investing -- and Lehman's private-funds investment group become part of the new company.
"We look forward to working with the portfolio managers and management team to grow the business globally and expand the array of products and services offered to clients," said Phil Loughlin, managing director at Boston-based Bain Capital.
The deal doesn't include Lehman's merchant-banking, real-estate or venture-capital direct private-equity businesses.
The price is a large discount on what Lehman had hoped to raise from such a sale. In late August, the Financial Times reported that Carlyle Group's offer of $7 billion was considered too low by Lehman. See full story
The deal is expected to close early in 2009, subject to approval by James Peck, the judge who is overseeing Lehman's bankruptcy proceedings. Lehman Brothers Holdings said it was filing for bankruptcy on Sept. 15.
http://www.marketwatch.com/news/story/neuberger-berman-sold-private-equity/story.aspx?guid=%7BE4E94A87%2D102E%2D45C4%2DA44F%2DCE0BDAEA1031%7D&siteid=yhoof
One thing is for shure, fresh money will com in this stock.. nice week ahead.. !!
I buy more, and will hold them tight.
Monday open: $0.55 (gap)
close between $0.75/$1.10
week: close friday.. +$2.30
Gltya
(all my opinion)
Bailout progress - Rep. Frank sees pact by Sunday
Saturday September 27, 7:31 am ET
By Julie Hirschfeld Davis, Associated Press Writers
Progress on $700 billion bailout claimed by Democrats; Rep. Frank sees agreement by Sunday
WASHINGTON (AP) -- Lawmakers say they're making progress and hope to reach an agreement over the weekend on a $700 billion government bailout to rescue Wall Street bankers from the bad loans that threaten to derail the economy and send it into a deep and long depression.
In a sign of movement, House Republicans dispatched their second-ranking leader, Rep. Roy Blunt of Missouri, to join the talks after their objections to an emerging compromise had brought negotiations to a standstill.
Negotiators were pushing for a deal before Asian markets open Monday.
"I'm convinced that by Sunday we will have an agreement that people can understand on this bill," said Massachusetts Rep. Barney Frank, a key Democrat in eight days of up-and-down talks designed to stave off an economic disaster.
House Speaker Nancy Pelosi added that "progress is being made," although Friday came and went without senior lawmakers from both parties sitting down together. Talks were to resume Saturday.
Neither she nor Frank divulged details at a late-afternoon news conference in the Capitol, though there was word of a large Democratic concession.
Pelosi told fellow Democrats during a closed-door meeting that the idea of letting judges rewrite mortgages to help bankrupt homeowners avoid foreclosure won't be a part of the emergency legislation. That provision would be a deal-breaker for Republicans whose votes are needed to pass the measure, she said, according to lawmakers at the meeting.
Democrats and Bush administration officials also said they were willing to include House Republicans' idea of having the government insure distressed mortgages -- but only as an option, rather than a replacement for the administration's more sweeping approach.
Democratic and Republican staff aides met into the night on Capitol Hill, going line by line through legislative proposals in an attempt to clear the way for lawmakers to bargain over the weekend.
The major party presidential contenders -- Republican John McCain and Democrat Barack Obama -- agreed during their debate Friday that Congress must act soon.
Meanwhile, new details emerged of a remarkably tumultuous White House meeting on Thursday. With the session breaking up in disarray, according to two participants, President Bush issued an appeal, saying, "Can't we just all go out and say things are OK?" The group around the table, congressional leaders as well as McCain and Obama, spurned the presidential request for a publicly united front.
Earlier in the White House meeting, Democrats peppered House Republican leader John Boehner of Ohio with questions about the details of an alternative he was backing. "I don't know what the hell they are," Bush said at one point," recalled one person who was in the room. All the participants spoke on condition of anonymity, saying the meeting was private.
The legislation the White House is promoting would allow the government to buy bad mortgages and other sour assets held by investors, most of them financial companies. That should make those companies more inclined to lend and lift a major weight off the national economy that is already sputtering.
But a significant number of lawmakers, including many House conservatives, say they're against such heavy federal intervention. Under the GOP plan, the government would insure the distressed securities rather than buy them. Tax breaks would provide additional incentives to invest.
In an Associated Press-Knowledge Networks poll, only 30 percent of those surveyed expressed support for Bush's package. Forty-five percent were opposed, with 25 percent undecided. The survey was conducted Thursday and had a margin of error or plus or minus 3.8 percentage points
http://biz.yahoo.com/ap/080927/financial_meltdown.html
Nice close have nice weekend all..
yeh,, and why not.. lol
I think Bush is buying to.. lol