Lehman Brothers

ROSEMEAD, Calif.--(BUSINESS WIRE)-- Edison International (NYSE: EIX) today reported third quarter 2009 GAAP earnings of $1.23 per share, compared to $1.33 per share in the same quarter last year. Third quarter 2009 core earnings were $1.09 per share compared to $1.46 per share in the third quarter 2008. The decline is largely attributable to lower earnings at Edison Mission Group (EMG), partially offset by higher operating results at Southern California Edison (SCE). Core earnings exclude discontinued operations and other non-core items as discussed below. "Edison International is on track to meet its financial ...

HOUSTON--(BUSINESS WIRE)-- Eagle Rock Energy Partners, L.P. ("Eagle Rock" or the "Partnership") (NASDAQ: EROC) today announced its unaudited financial results for the three and nine months ended September 30, 2009. Notable events with respect to third-quarter 2009 included the following: -- Adjusted EBITDA totaled $51.3 million, an increase of 15% as compared to the $44.7 million reported in second-quarter 2009 and a decrease of 32% as compared to the $74.9 million reported for third-quarter 2008. -- Repaid $30.0 million of outstanding borrowings during the quarter, reducing total debt outstanding ...

CHICAGO, Nov. 4 /PRNewswire-FirstCall/ -- Integrys Energy Group, Inc. (NYSE: TEG) recognized net income attributed to common shareholders on a GAAP (generally accepted accounting principles) basis of $51.1 million ($0.66 diluted earnings per share) for the quarter ended September 30, 2009, compared with a net loss attributed to common shareholders on a GAAP basis of $59.1 million ($0.77 net loss per share) for the quarter ended September 30, 2008. Third quarter 2009 net income attributed to common shareholders of $51.1 million included $26.1 million of certain after-tax items, consisting of $27.6 million of after-tax non-cash gains related to derivative and inventory accounting activities at Integrys Energy Services, Inc., partially offset by $1.5 million of after-tax expenses related to restructuring activities at Integrys Energy Services. The third quarter 2008 net loss attributed to common shareholders of $59.1 million included $79.6 million of after-tax non-cash losses related to derivative and inventory accounting ...

WASHINGTON, Nov. 4 /PRNewswire/ -- Updating research first released in 2006, Securities Litigation and Consulting Group, Inc. ("SLCG") today issued a study of Lehman Brothers' structured products program entitled "Structured Products in the Aftermath of Lehman Brothers." SLCG's prior research showed that structured products were poor investments because they were significantly overpriced when offered and were, at best, thinly traded thereafter. SLCG concluded that ...

NEW YORK, NY -- (MARKET WIRE) -- 11/04/09 -- BNP Paribas is pleased to announce the following appointments to its Fixed Income business in New York. Sean Farrell joins as a Managing Director to head the newly formed US Short Term team that has been created to cover accounts for both Rates and Credit short duration products. Sean brings 22 years of experience to the role including positions held at Countrywide and UBS. He reports to Patrick McKee, head of North America credit sales and Mallory Brooks, head of US Interest Rate Sales. Marc Badner starts as a Managing Director in North American ...