Wednesday, September 10, 2008

Lehman Brothers Holdings Inc. shares plunge

Many company are feeling the pinch when it comes to the economic and their share prices. For example Lehman Brothers Holdings Inc. shares took a huge drop by 45% to $7.79. Apparently investors fell that they may be unable to raise enough capital in the future.

Lehman Brothers, is the forth largest security firm in the United States and needs the extra cash to survive the credit crunch. They are looking for a major investor to help out, but if now is around they may have to start selling some assets a current prices to raise money. Mores stories can be found by visiting palonek.biz

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