Pedestrians walk pass Lehman Brothers headquarters on Wednesday, June 10, 2008 in New York. Lehman Brothers Holdings Inc., the nation's fourth-largest investment bank whose shares have fallen more than 80 percent this year as investors lost confidence amid mounting losses also said Wednesday it lost $3.9 billion during the third quarter due to wrong-way bets on mortgage securities and other risky assets. (AP Photo/Jin Lee)
Lehman Brothers said Wednesday it will sell a majority stake in its prized investment management business, slashed its dividend and indicated it may even consider selling the whole company. It reported an almost $4 billion third-quarter loss, boosting its losses so far this year to about $6.5 billion.
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