CNBC.com's News Now: The Unwinding of Lehman

Click here to view today's top stories on your mobile device. Monday, Jul. 06, 2009     DOW 8324.87 44.13 +0.53%   NASDAQ 1787.4 -9.12 -0.51%   S&P 898.72 2.30 +0.26%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Second Half: Wait For Pullbacks, Then Buy the Best The second half is shaping up to be a challenging one for investors who have to chart a course that straddles both a slow-growing economy and a meteoric stocks rally that will be difficult to sustain... »read more In Blow to Housing, Risky Mortgage Losses Seen Rising Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market... »read more GM to Get Final $20 Billlion From US This Year General Motors has been given about a third of the bankruptcy financing promised by the U.S. Treasury and will get the remaining $20 billion over the remainder of the year, a senior U.S. official said Monday... »read more TODAY'S TOP 5 VIDEOS 1. The Unwinding of Lehman  Bryan Marsal, CEO of Lehman Brothers Holdings, has been unwinding Lehman Brothers since the firm's historic collapse. He discusses the process with CNBC. 2. Jackson Memorial: Who Should Pay?  Los Angeles is expected to dip into a special fund to pay for security costs associated with Michael Jackson's memorial service, but given California's budget crisis, is it fair to stick taxpayers with the tab? Greg Knapp and Dan Colarusso debate the issue; with CNBC's Jane Wells. 3. Lewis Under Fire  Bank of America CEO Ken Lewis has been under fire from the bank's board and shareholders, but now he may have to add a union to the list as well. CNBC's Charlie Gasparino has the details. 4. Obama In Russia  President Barack Obama and Russian President Dmitry Medvedev hold a joint press conference in Russia to discuss matters ranging from missile defense to expanding business ties. 5. Stop Trading, Listen to Cramer!  Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.       TODAY'S TOP BLOG   Recession Special: Wine Cheaper Than Water First, lobster dropped to lunch-meat prices. Now, wine is cheaper than water! So, you know what you have to do to beat this recession, right? Have a feast. Wine prices have fallen so much, winemakers in Australia are complaining that wine is now cheaper than some bottled water.»read more »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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