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Fannie, Freddie Keep Plunging

Tags: Beforethebell, Financial Services, Lehman Brothers Holdings Inc., Markets

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2008-07-11 05:02:46.0

NEW YORK (Reuters) - Lehman Brothers (LEH) tumbled on Thursday after several brokers downgraded the shares on the investment bank and forecast further losses due to business uncertainty.

Shares of the No. 4 U.S. investment banks were at $6.30 in premarket trading on the New York Stock Exchange, down 13 percent from Wednesday's close.

(Reporting by Richard Leong; Editing by Theodore d'Afflisio)

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