Lehman Brothers shares fall amid credit concerns

NEW YORK - Shares of investment bank Lehman Brothers Holdings Inc. fell Thursday along with the broader investment banking sector amid continued concerns about weak credit markets. Lehman shares fell $1.54, or 7.6 percent, to $18.75 in midday trading. Shares have traded between $12.02 and $67.73 during the past year. Shares of major U.S. investment banks fell sharply investors showed continued concern over weakness in the credit markets, after American International Group Inc. a wider second-quarter loss than expected. Wednesday night, AIG said it lost $5.36 billion during the second quarter, due in large part to continued deterioration in the credit markets. The insurer has billions of dollars in investments such as mortgage-backed securities and other debt similar to investment banks that have significantly lost their value... [read full story]