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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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April 17, 2014
08:46 EDTLAZBoston Security Analysts Society to hold a luncheon discussion
Senior Vice President Keating of Lazard Asset Management discusses, defines and explores opportunities in the Closed-End Fund space at a luncheon being held in Boston on April 17 at 12:15 pm.
April 14, 2014
15:26 EDTLAZLazard's Spencer hired away by Credit Suisse, WSJ says
Jim Spencer has been hired away from Lazard (LAZ) and will join Credit Suisse (CS) in October as the new head of the bank’s Financial Institutions Group in the Americas, according to The Wall Street Journal, citing an internal memo. Reference Link

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