• Most Popular
  • Most Shared

SEC probing if short sellers hitting Lehman: source

NEW YORK
Mon Mar 31, 2008 8:34pm EDT

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is probing whether short-sellers are spreading bogus rumors to push down shares of Lehman Brothers Holdings Inc,, a person familiar with the matter said on Monday.

Stocks  |  Bonds  |  Global Markets  |  Funds News  |  ETFs News  |  Private Capital

Shares of Lehman have fallen more than 40 percent since the beginning of February, far more than the broader index, amid market rumors the company was wobbly.

Lehman has said on multiple occasions that it has enough money to fund itself, it has ample access to financing, and that customers are standing by it.

(Reporting by Dan Wilchins; Editing by Gary Hill)
Stocks
Bonds
Global Markets
Funds News
ETFs News
Private Capital


More from Reuters

Photo

Employers see uptick in hiring in 2010

NEW YORK (Reuters) - U.S. employers expect to hire more new workers in 2010 than they did in 2009, a sign the U.S. recession may be easing its grip, research showed on Tuesday.

» More Top News
An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

Economy
A young Kamchatka brown bear plays in its enclosure at the 'Tierpark Hagenbeck' zoo in Hamburg September 20, 2007. REUTERS/Christian Charisius

The return of the Russian bear

Jason Bush

As Russia's memories of crippling economic times fade, are reforms disappearing along with them?  Commentary 

Breakingviews