Lehman Bros. to Report 3Q Stats Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'
By Rob Quinn,  Newser Staff
Posted Sep 10, 2008 1:59 AM CDT
Lehman Bros. to Report 3Q Stats Today in Bid to Calm Market
Patrick Kenny, left, of Lehman Brothers MarketMakers talks to fellow traders on the floor of the New York Stock Exchange last week.   (AP Photo/Henny Ray Abrams)

Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from a year ago.
(More Lehman Brothers stories.)

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