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June 13, 2007

Lehman Brothers profit up on stock trading, buyouts

Lehman Brothers Holdings Inc., the nation’s fourth-largest investment bank, said Tuesday robust stock trading and buyout business pushed second-quarter profit up 27 percent, in what may be a harbinger for other brokerage earnings due this week.

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Asian Stocks Fall for Second Day on Oil Drop, Toyota Target Cut

Nov. 7 (Bloomberg) -- Asian stocks fell for a second day after prices for copper and crude oil tumbled and Toyota Motor Corp. slashed its profit target. Link to original article

Unkept promises

Leroy McKnight retired in 2000 as an hourly employee and union officer after more than three decades with General Motors Corp., thinking his retiree health care needs were covered. Now, he's taking stock trading classes at a local college, just in case.

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Oracle buys private TimesTen for undisclosed sum

LOS ANGELES (MarketWatch) - Oracle Corp. on Thursday said it will acquire TimesTen Inc., a privately held firm that provides data-management software used for tasks including real-time billing and stock trading.

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