Watch CBS News

MoneyWatch: Consumer sentiment tumbles; Lehman to pay billions

Name: MoneyWatch: Consumer sentiment tumbles; Lehman to pay billions
Uploaded: 2014-08-16T06:35:07-0400
Duration: 1 min 16 s
Description: According to a report from the University of Michigan/Thomson Reuters index, consumer sentiment fell to a nine-month low. Also, Lehman Brothers will pay out more than $4 billion starting next month to unsecured creditors who lost money as a result of the company's bankruptcy. Karina Mitchell reports on the day's top MoneyWatch headlines.

According to a report from the University of Michigan/Thomson Reuters index, consumer sentiment fell to a nine-month low. Also, Lehman Brothers will pay out more than $4 billion starting next month to unsecured creditors who lost money as a result of the company's bankruptcy. Karina Mitchell reports on the day's top MoneyWatch headlines.