Stocks surge as 2 major banks advance turnaround plans: UBS, Lehman act to bolster capital; more pain to come?
Article Abstract:
Investment banks UBS AG's and Lehman Brothers Holdings' announcement of new capital raising bolstered international stock markets, and increased the value of the companies' stocks. Article discusses the companies' recent losses, investor relations, reorganization, executive changes, and economic recovery in a troubled capital market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Blackstone figures don't justify talk of a $40 billion valuation
Article Abstract:
Blackstone Group L.P. of the United States is to raise $4 billion in a stock float. The investment bank is valued at $40 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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