Lazard Ltd
News and overview for Lazard Ltd
Lazard Taps Veteran Jacobs to Succeed Wasserstein
Wall Street Journal, The | 5 days 3 hours 41 minutes ago
Lazard Ltd. named Kenneth M. Jacobs chairman and chief executive, drawing from the firm's younger generation of bankers for a successor to famed deal maker Bruce Wasserstein.
Credit Suisse/Tremont Hedge Fund Index Finishes Relatively Flat in October, Up 0.13% for the Month and 15.11% Year-to-Date [Press Release]
PRNewswire | 3 days 10 hours 23 minutes ago
NEW YORK, Nov. 19 /PRNewswire/ --
UPDATE 4-Lazard names Kenneth Jacobs as CEO
Forbes | 5 days 18 hours 1 minute ago
By Steve Eder NEW YORK, Nov 17 (Reuters) - Lazard Ltd on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month.
Wolf Haldenstein Adler Freeman & Herz LLP Commences Class Action Lawsuit on Behalf of RH Donnelley Investors [Press Release]
Business Wire | 6 days 17 hours 35 minutes ago
On November 13, 2009, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court, District of Delaware, on behalf of all persons who purchased the publicly traded securities of RH Donnelley (“RH Donnelley” or the “Company”) [OTC: RHDCQ.PK] between July 26, 2007 and May 28, 2009 against certain officers and directors of RH Donnelley pursuant to §§10(b) and 20(a) of the 1934 Act and SEC Rule 10b-5 (the “Class”).
UPDATE: Lazard Names Jacobs To Succeed Wasserstein As CEO
Wall Street Journal, The | 5 days 14 hours 31 minutes ago
(Updates with comments from interview with Jacobs; adds background.) By Joe Bel Bruno and Joan Solsman Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Lazard Ltd. (LAZ) named Kenneth M. Jacobs chairman and chief executive on Tuesday, ending weeks of speculation over who would take over the independent investment bank after the death of legendary dealmaker Bruce Wasserstein.
Stocks in focus for Thursday - MarketWatch
MarketWatch | 39 days 11 hours 17 minutes ago
The health of big business -- and the rebound in the stock market -- may be blinding us to just how weak the rest of the economy is.
CORRECT: Lazard Promotes Jacobs To Succeed Wasserstein As CEO
Wall Street Journal, The | 5 days 18 hours 29 minutes ago
("=Lazard Promotes Kenneth Jacobs To Succeed Wasserstein As CEO," at 8:29 a.m., EST, misstated the year Jacobs joined Lazard in the seventh paragraph. The correct version follows): DOW JONES NEWSWIRES Lazard Ltd. (LAZ) named Kenneth M. Jacobs chairman and chief executive, promoting the leader of Lazard's North American banking effort after the death of Bruce Wasserstein, the company's famed dealmaker.
Lazard names insider Jacobs as CEO and chairman
Seattle Times, The | 5 days 18 hours 51 minutes ago
NEW YORK Lazard Ltd. on Tuesday appointed Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.
Carriers decline as oil prices surpass $80 - MarketWatch
MarketWatch | 12 days 16 hours 53 minutes ago
In early trading, the NYSE Arca Airline Index /quotes/comstock/10t!xal.x (XAL 25.79, -0.41, -1.56%) fell nearly 2% to 25.73 points, with all but one of the benchmark's 13 components heading south.
Google, Black & Decker, Philips in focus - MarketWatch
MarketWatch | 41 days 21 hours 11 minutes ago
See Europe Markets for more.See Asia Markets for more.
MBIA weighs on sector; AIG sees repayment - MarketWatch
MarketWatch | 12 days 17 hours 30 minutes ago
The troubled insurance giant should be able to repay the federal government's senior secured loan and most or all of its preferred stock ownership if global financial markets continue to firm up. See full story.
Cisco says it could withdraw Tandberg offer - MarketWatch
MarketWatch | 12 days 17 hours 30 minutes ago
The San Jose, Calif.-based networking gear maker, shares of which were down more than 1%, said only 9.4% of the Norwegian video-conferencing firm's shares have been tendered as of Tuesday.
GM's Reilly will lead Opel/Vauxhall operations - MarketWatch
MarketWatch | 12 days 17 hours 30 minutes ago
The news comes after GM announced on Friday that Carl-Peter Forster, president of Opel Europe, will leave his position as head of European operations.
Dodd unveils bank reform bill without GOP support - MarketWatch
MarketWatch | 12 days 16 hours 53 minutes ago
Reuters Senate Banking Committee Chairman Chris Dodd, D-Conn.
Possible new rules weigh on financial shares - MarketWatch
MarketWatch | 12 days 16 hours 53 minutes ago
On Capitol Hill, House Financial Services Committee Chairman Barney Frank, D-Mass., last week said he would support a bill that would give regulators the authority to reinstate Glass Steagall on a company-by-company basis. Read full story.
Company Overview
| Company: | Lazard Ltd |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.lazard.com |
It's all for one and one for all at Lazard. The venerable firm (dating back to 1848 New Orleans) offers financial advisory (some 60% of sales) and asset management services from offices in some two dozen countries. Lazard provides advice in corporate restructurings and mergers & acquisitions. Industry specialties include consumer, health care, energy, real estate, media, and telecom. Its asset management operations have about $134 billion in assets under management. Lazard provides investment management to primarily institutional clients. Subsidiaries include private equity firm Fonds Partenaires-Gestion, which invests in French companies, and Lazard Frères Banque, which manages Lazard's commercial positions.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,557.2 (2008) |
|---|---|
| One-year % Growth in Sales | -18.8 (2008) |
| Net Income in U.S. Dollars (mil.) | 3.1 (2008) |
| One-year % Growth in Net Income | -98.0 (2008) |
| Number of Employees | 2,434 (2008) |
| One-year % Growth in Number of Employees | 231.2 (2008) |
| Fiscal Year-End | December |