November 20, 2008
Lehman Profits Fall, but Give Wall Street a Lift
The investment bank said third-quarter profit fell less than expected, as strength in stock trading and investment banking offset losses from the mortgage market.
Dow Rises 71 on Dropping Oil Prices
Stocks extended their advance into a third session Monday on news of dropping oil prices and a bevy of corporate mergers.
ChoicePoint acquired for $3.6 billion
ATLANTA – ChoicePoint Inc., a 1997 spin-off of credit agency Equifax, is being acquired by the parent of LexisNexis in a cash deal worth $3.6 billion, a major premium for a company that weathered an embarrassing breach of its database, federal investigations and a stock-trading probe of its top two executives.
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