Lazard LTD. LTD. Class A News
Ariel Fund Manager Picks Value Stocks in Energy, Finance, More
Ariel Investments believes in 'classic Warren Buffett-style value investing' and sees value continuing to beat growth.
Cramer's Mad Money Recap 2/28: JPMorgan, Goldman Sachs
With the Russian invasion of Ukraine, inflation is going to get even worse.
Macy's Reportedly Seeks $5 Billion of Debt to Bolster Finances
A media report says Macy's is seeking $5 billion of debt to improve finances and isn't focusing on bankruptcy. It would use inventory and real estate as collateral.
Lazard Shares Ease as Firm Is Said to Cut 7% of Asset-Management Jobs
Lazard's job cuts come amid an outflow of assets from its funds and increasingly fierce competition from lower-cost index funds.
Papa John's Rallies 5% After Hiring Advisers to Fight Founder John Schnatter
Move raises speculation the beleagured pizza chain might be up for sale.
Neiman Marcus Says It No Longer Plans to Sell Itself
The high end retailer announced earlier this year that it was seeking strategic alternatives amid a challenging retail environment.
They Were the Busiest M&A Dealmakers During the First Quarter
Morgan Stanley leads the banks, while Kirkland & Ellis tops the law firms.
Neiman Marcus Said to Hired Investment Bank for Debt Relief
The high end department store is reportedly seeking relief from a debt load of $4.9 billion.
Bank of England Plans Emergency Bond Market Intervention Amid Historic Pound Slump
"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the BoE said.
Biogen Stock Soars On Promising Data From Late-Stage Alzheimer’s Drug Trial
“Today’s announcement gives patients and their families hope that lecanemab, if approved, can potentially slow the progression of Alzheimer’s disease," said Biogen CEO Michel Vounatsos.
Apple Stock Slides On Report of iPhone Production U-Turn Amid Waning Consumer Demand
Just weeks after reportedly asking suppliers to prepared for a surge in iPhone demand, Apple is reportedly paring-back plans to boost production.
DocuSign Stock Jumps On Job Cut Plan Ahead Of New CEO Allan Thygesen
DocuSign said the job cuts will "improve operating margin and support the company’s growth, scale and profitability objectives".