Monday, April 13, 2009

Reversal of Fortunes Article

The Lehman Brothers Holdings Inc. was a global financial-services that declared bankruptcy in 2008. Until then they did business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. The Lehman Brothers Inc. is an example of a major global business going bankrupt. Mr. Bloomberg held a conference to talk about hopes for financial revival and to subsidize garage-sized offices as hatcheries that would start to change the market around. The article discusses the financial exchanges and the Chicago Climate Exchange. The Chicago Climate Exchange is North America’s only voluntary, legally binding greenhouse gas reduction and trading system for emission sources and offset projects in North America and Brazil. With the talk about all the new ways to help the market and economy Mr. Bloomberg believes that actions will actually be able to make these changes. A lot of different companies are trying to change their tactics to reverse their all time low numbers. In this article it talks about Apple and Yahoo and their ups and downs. http://http://news.cnet.com/8301-1001_3-10074501-92.html

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