Lehman Brothers plans to lay off 1,500

Lehman Brothers, the ailing Wall Street bank, plans to lay off as many as 1,500 employees, or nearly 6 percent of its work force, before it announces third-quarter results on Sept. 15, a person briefed on the plans said Thursday. Lehman has already laid off 6,000 people since June 2007, mostly in its mortgage origination and […]