- Lehman selling off some assets? Lehman Brothers, in a desperate bid to survive, announced plans Wednesday to sell a majority stake in its prized investment management business and said a sale of the entire company was possible. Trading range today all over the board for LEH.
- Fox Business is asking about LEH and financials, "Are we at a bottom? Lets ask Rina Akiyama.
- Well, you can't put lipstick on WM and pretty it up, but it's still a pig. Another big drop today. Big losses. A "fresh" 20-year low! I bet it doesn't feel so fresh if you're long that one. Calculated Risk has more in WaMu Cliff Diving.
- Sirius XM extends losses. I still can't figure out the viability of subscription radio. We have iPods and others that can store gigs of music, podcasts, etc.
- Adam Warner on the AAPL news yesterday, the Steve Jobs health issue, and some ways to play Apple. I say bake 'em in a pie and serve with ice cream. Sure seems like the tech company has reached its zenith in innovation.
- OPEC is cutting back production by 500K barrels over the next few months, and seems energized to try to drive oil prices up. I hope that we (the US) continue to conserve and choose higher mileage vehicles. I also hope that we (the US) do go ahead with plans to increase domestic supply, and start a program to increase other energy sources such as wind, solar, nuclear and natural gas. T Boone Pickens plan to use natural gas in cars is a valid idea. Even if it's just another option at the fuel pump and car lots. Whatever we can do to decrease the use of crude. Especially, foreign crude.
- And BREAKING NEWS from Fox Business News... Russian strategic bombers land in Venezuela! Somehow, world tensions seem to be on the rise and we're vulnerable in the energy arena. Just saying.
