Streams

More Layoffs at Lehman Brothers

Friday, August 29, 2008

Lehman Brothers is preparing to cut more than 1,000 jobs. It's the company's fourth round of layoffs this year. The beleaguered brokerage house continues to be rocked by the deterioration of the mortgage market, especially in commercial and residential real estate markets. Next week marks the end of the third quarter and some analysts are predicting even more bad news. Aaron Elstein from Crain's New York Business joins us to help us make sense of the street.

More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by