Lehman Brothers News
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Updated 40 minutes ago
Lehman Brothers Holdings Inc. is selling about half the shares it owns in Equity Residential and AvalonBay Communities Inc., the two largest U.S. apartment companies, removing a weight on multifamily stocks.
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Mexico’s consumer prices fell less than expected in early May, pushing annual inflation further above the central bank’s target range.
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The law firm of the trustee liquidating the Lehman Brothers Inc. brokerage asked a judge to approve fees and expenses of $37.5 million for the period from July 1 through February 28.
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Updated 40 minutes ago
Blackstone Group LP, the world’s biggest private-equity firm by assets, and Prologis Inc. agreed to buy a portfolio of 17 million square feet (1.6 million square meters) of warehouses for about $960 million, said two people with knowledge of the agreement.
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General Electric Co. is considering spinning off parts of its finance unit through an initial public offering as Chief Executive Officer Jeffrey Immelt works to shrink the business.
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Updated 50 minutes ago
The European Union will tighten its rules on bailouts for banks, setting out tougher requirements for creditors to face losses if public money is used, according to two people familiar with the matter.
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Lehman Brothers Holdings Inc., which is gathering money for its next payment to creditors, said it received bids of almost $1.9 billion at an auction for $4.2 billion of claims on its defunct brokerage, Lehman Brothers Inc.
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Mexico’s retail sales surprised analysts in March by contracting for a second straight month for the first time since 2009, bolstering bets policy makers will cut interest rates again this year.
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Banks trading asset-backed securities may have to give investors more information on the underlying loans or assets of the structured product they are buying, Europe’s top banking regulator said.
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The liquidator for Lehman Brothers Holding Inc.’s Australian unit won federal court approval for a creditors’ vote on a proposed claims settlement giving them as much as about half of what they’re owed.
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