Lehman unveils survival plan

September 10, 2008

American investment bank Lehman Bros. revealed its plan to restore confidence, but it failed to win over skeptics. Wall Street could not shake worries about the financial sector and gave up most of an early rally. In the end, blue chips settled with a 38 point gain to 11,268. The S&P 500 rose 7 points to 1,232. The Nasdaq climbed 18 points to 2,228. Crude oil fell 68 cents to $102.58 a barrel. SPEAKER: Art Hogan, chief market strategist, Jefferies & Co. Conway Gittens reports from New York.