Lehman cancels demand for early redemption

Article Abstract:

Lehman Brothers, a securities dealership company, has agreed to retract acceleration notices sent to the Russian government in connection with the Ministry of Finance bonds under the firm's control. The move comes after the company and the government of Russia came into an amicable settlement of disputes arising from the non-payment of Treasury bills, valued at $10 billion owed by the government in favor of foreign banking institutions. Lehman exercise its right to the acceleration clauses contained in the Ministry of Finance bonds, which are activated in case the government defaults in its payment of domestic obligations.

Comment:

Agrees to retract acceleration notices sent to Russian government in connection w/ Ministry of Finance bonds

Securities Dealers, Investment Banking and Securities Dealing, Strategy & planning, Russia, Shearson Lehman Brothers Inc. Lehman Brothers Div., Article

---

Ameritrade cites earnings near breakeven

Article Abstract:

Ameritrade Holding Corp. posted "breakeven" earnings for the fiscal 2001 third-quarter. The company posted earnings of $70,000 for the quarter ending June 29, 2001, which is less than a penny per share, compared to three cents per share in the same 2000 period.

United States, Sales, profits & dividends, Security brokers and dealers, Securities Brokerage, Finance, Stockbrokers, Securities industry, Ameritrade Holding Corp.

---

Similar abstracts:

• Abstracts: Romania takes delivery of Shadow 600s. US Army tries again with brigage-level UAV. US Navy selects UCAV contractors
• Abstracts: Flextech posts pretax loss of $8.3 million for 1998. RTL warns earnings decline will be worse than expected. RTL Group may be valued at 26.8 billion euros
• Abstracts: Motorola chip has low cost, high speed. AMD reports quarterly results will miss forecasts. IPO from O2Micro shines in a lackluster market
• Abstracts: Analysts say D'Ieteren stock is to pricey. German car makers report banner U.S. sales in June. Minor shareholders get major backing of Belgian group

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.