China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
FACTBOX: Lehman's market value -- some comparisons
NEW YORK (Reuters) - The 45 percent slide in the shares of Lehman Brothers Holdings Inc on Tuesday reduced the investment bank's market value to just $5.4 billion -- down from $36 billion a year ago.
The firm's stock market value is now equivalent to:
-- One-twelfth the value of Goldman Sachs Co Inc
-- One-eighth the value of Merrill Lynch Co Inc
-- One-fifth the value of discount broker Charles Schwab
-- Half the value of online discount broker TD Ameritrade
-- About double the sale price for one New York office building, the GM Building, when it was sold in May
-- Five days of Wal-Mart Stores Inc sales
-- About half the earnings reported by Exxon Mobil in the second quarter.
(Reporting by Juan Lagorio; Editing by Gary Hill)
