Lehman Brothers, who recently filed the largest bankruptcy in history, has won U.S. Court approval to sell its business to Barclays for $1.75 billion. Barclays is the third largest bank in the U.K. Bankruptcy Judge James Peck overruled objections from Lehmans creditors who argued the deal was moving to quickly stating that it was clear that other purchasers would not emerge if he delayed the deal,... More

Lehman Brothers is running out of options, and needs to desperately find itself a buyer. Just one day after the investment bank tried to assure investors it could stand on its own, pressures from federal officials have forced the company to put itself up for sale.

Lehman Brothers reported Wednesday that the investment bank is still exposed to at least $52 billion in leveraged loan assets. Lehman announced plans to spin off $25 to $30 billion of its remaining mortgage exposure into a new company entitled Real Estate Investments Global next year.

Lehman Brothers Holdings dropped 45 percent today bringing down the entire market. Lehman had been in negotiations with Korea Development Bank about obtaining a large amount of capital as well as selling off its devalued mortgage assets; however, the talks went south sending the company's stock down 45 percent. Investors are concerned with the lack of a deal. The company now plans to its third-quarter... More

Lehman Brothers has settle on utilizing a structure that will allow the company to offload billions of dollars of bad real-estate loans from its books. The Wall Street Journal indicated that the company is still working out the details, and is actively searching for a financing to either spin off or sale of these assets.

Lehman Brothers, currently the fourth largest securities firm, may be a target for a hostile takeover bid. Lehman's current management is unwilling to negotiate with buyers at the company's current stock level. Buyers from Korea and China have already walked away from previous negotiations as the investment bank continues to demand too high of a price. Shares of Lehman Brothers have already fallen... More

Shares of Lehman Brothers dropped nearly 3 percent in after hours trading after the company announced plans to offer up to 3.45 million shares of convertible preferred stock in order to boost cash flow. Although, the investment bank posted higher then expected earnings this quarter, investors are very concerned as Lehman is the company that is most similar in size, structure, and exposure to mortgage... More

Lehman Brothers announced Thursday that they would be cutting 850 more positions in their mortgage division. Lehman Brothers discontinued their sub-prime borrowing unit last month, and is now laying off workers who deal with loans from borrowers with better credit scores.