AP
Battered Lehman to announce 'key' initiatives
Tuesday September 9, 7:08 pm ET
Lehman Brothers will announce third-quarter results, strategic initiatives early Wednesday
NEW YORK (AP) -- Lehman Brothers says it will unveil a set of "key strategic initiatives" early Wednesay as the embattled investment bank faces down investor concerns that it's running out of options to raise badly needed capital.
The announcement from Lehman late Tuesday came on the same day investors drove the company's shares down 45 percent to their lowest level in more than a decade.
The bank also said it would announce its quarterly results early Wednesday, a week ahead of schedule. It is expected to report a multibillion dollar loss.
"Why is my language not clear to you? Because you are unable to hear what I say. You belong to your father, the devil, and you want to carry out your father’s desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies."
John 8:43-44