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Stock Market & Financial Investment News

News Breaks
April 9, 2014
14:10 EDTLUKLeucadia CFO Joseph Orlando to retire for health reasons
Leucadia National Corporation announced that Joseph A. Orlando, its CFO, intends to retire by August 31 due to orthopedic health issues that require his attention. A search is underway to recruit Orlando’s successor.
News For LUK From The Last 14 Days
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December 16, 2014
07:46 EDTLUKJefferies says pursuing strategic alternatives for Bache business
Jefferies says "As a result of the growth and margin challenges we have recently faced in the Bache business we acquired in mid-2011, we are pursuing strategic alternatives for this business, and discussions with third parties in this regard are already underway. We are focused on the potential combination of Bache with another similar business that improves the combined businesses’ competitive standing and margin. In connection with this, we have reversed the entire $52M in goodwill and $8M of the intangible assets that were both allocated to the Bache business as a function of the purchase accounting that arose upon our 2013 transaction with Leucadia."

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