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Stock Market & Financial Investment News

News Breaks
October 25, 2012
07:13 EDTLAZLazard 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."
News For LAZ From The Last 14 Days
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August 28, 2015
10:56 EDTLAZPeabody surges despite downgrade amid bounceback in coal stocks
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August 26, 2015
16:26 EDTLAZOn The Fly: Top stock stories for Wednesday
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13:40 EDTLAZPeabody hires Lazard to help with debt restructuring, Bloomberg reports
Peabody Energy (BTU) has hired Lazard (LAZ) to advise it on how to restructure its $6.3B of debt, Bloomberg reports, citing two people with knowledge of the matter. Peabody is having discussions with creditors over ways to reduce its debt load, including swapping obligations for new shares or convertible notes, the report says. Reference Link
August 19, 2015
13:08 EDTLAZCSN to pick either Rotschild or Lazard as advisor for asset sales, Reuters says
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