Lehman Brothers 1Q profit rises
Lehman Brothers Holdings Inc., the No. 4 U.S. investment house, said Wednesday robust trading and overseas expansion drove its first-quarter profit up 5.6 percent, matching Wall Street expectations.
March 15, 2007
NYSE says cutting 520 jobs to reduce costs
NYSE Group Inc., which owns the largest U.S. stock exchange, said on Wednesday it will slash 520 jobs, or nearly 18 percent of its work force, in the latest sign of wrenching changes in the once not-for-profit exchange sector.
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2 titans of German business forced out
Investors had been pursuing the company's top leadership after its chief executive, Werner Seifert, announced a $2.5 billion takeover bid for the London Stock Exchange last December.
