Posted by Jack Davis on September 29th, 2008 at 2:55 pm | Categorized as Credit crisis | Tagged as AIG, Charles Schwab, Credit crisis, Lehman Brothers, Merrill Lynch, Washington Mutual
Charles Schwab, the San Francisco financial services firm, has had to write down floating rate notes it held from Lehman Brothers and Washington Mutual, “(i)n light of the extraordinary events involving certain financial services firms during the past two weeks,” according to a filing it made Monday with the SEC.
The company is taking an “other-than-temporary” $50 million impairment charge against Read the rest of this entry »
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Posted by Jack Davis on September 17th, 2008 at 1:32 pm | Categorized as Credit crisis, SunPower | Tagged as Credit crisis, Lehman Brothers, SunPower
SunPower, the San Jose maker of chips used in solar-power systems, put out a press release Tuesday to address concerns about the impact of the bankruptcy filing by Lehman Brothers, a co-underwriter of the company’s 2005 initial public offering as well as its numerous follow-on offerings of SunPower’s stock and debt.
In February 2007, SunPower lent Lehman 2.9 million shares of its common stock to enable the investment bank Read the rest of this entry »
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