What’s next for Wall Street?

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Judges approved Barclays’ $1.7 billion buy of Lehman Brothers’ investment banking and capital markets businesses, as well as its New York headquarters and two New Jersey data centers. Investment banks Morgan Stanley and Goldman Sachs took hits in the stock market yesterday, with Goldman losing 24 percent in stock value and Morgan losing 14 percent. A Morgan Stanley and Wachovia merger might be on the horizon. Meanwhile, the stock market seems to be off to a positive start today. The Dow Jones Industrial gained more than 100 points after the opening bell, hours after the Federal Reserve announced it would offer $180 billion in loans to other world banks to improve liquidity in money markets. U.S. Treasury Secretary Henry Paulson has called former Allstate Corp. CEO Edward Liddy to run AIG following the government’s $85 billion bailout of the bank. TRD