News Breaks |
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| October 25, 2012 |
| 07:13 EDT |  | LAZ | Lazard says implementing cost savings initiatives
The company says "“We are implementing cost saving initiatives to reduce the firm’s expense base and enhance our operating leverage. These include streamlining our support functions and eliminating investments in areas of low return. We expect these initiatives to result in approximately $125 million in annual savings from our existing cost base, with related implementation expenses primarily in the fourth quarter of this year. We believe these initiatives will improve profitability with minimal impact on Lazard’s revenue growth." |
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News For LAZ From The Last 14 Days Check below for free stories on LAZ the last two weeks. |
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| May 16, 2013 |
| 13:48 EDT |  | LAZ | Lazard poised to expand margins, says Argus
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| May 13, 2013 |
| 09:17 EDT | | LAZ | Lazard Capital Markets weighing options, including sale, Bloomberg reports
Lazard Capital Markets is the privately-held brokerage spun-off by Lazard Ltd. in 2005. |
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| 08:40 EDT |  | LAZ | Lazard files to sell 839,658 shares for selling stockholders
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| 06:10 EDT |  | LAZ | Lazard volatility at record low
Lazard overall option implied volatility of 21 is below its 26-week average of 26 according to Track Data, suggesting decreasing price movement |
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| May 7, 2013 |
| 19:49 EDT |  | LAZ | Lazard shares look cheap, Barron's says
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