Lehman Losses Double Expectations - No Deal in Sight

Lehman Bothers’ losses for Q3-08 are more than $5 a share - up from estimates of just over $2 a share.

Lehman plans to sell Majority share of Neuberger Berman - No buyer announced or details released.

Lehman will spin-off the Commercial Real Estate Division assets worth as much as $40BB into a new company, along the Good Bank /Bad Bank scenario.

Lehman cutting Dividend from .17 cents per share to .5 cents.