News: Lazard Ltd (LAZ.N)

LAZ.N on New York Stock Exchange

49.25USD
4:02pm EDT
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$0.32 (+0.65%)
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Thu, Oct 23 2014

Higher advisory fees drive Lazard profit beat

- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as it earned more fees from advising on M&A deals amid a surge in cross-border transactions. | Video

UPDATE 3-Higher advisory fees drive Lazard profit beat

* Expects lower 2014 compensation ratio (Adds Breakingviews link)

Lazard profit rises 48 pct on higher advisory fees

Oct 23 - Lazard Ltd reported a 48 percent rise in quarterly profit due to a jump in advisory fees from higher M&A activity and an increase in asset management revenue.

UPDATE 1-Market Chatter-Corporate finance press digest

Oct 10 - The following corporate finance-related stories were reported by media:

Italy - Factors to watch on September 22

The following factors could affect Italian markets on Monday.

MOVES-BofA, UBS, HSBC Holdings', KNIEP, U.S. Bank, Standard Life

(Adds HSBC Holdings', FM Global, Marathon, Lazard Middle Market, Strategic Insight, Amundi Smith Breeden, Carlyle and U.S. Bank)

Exclusive: PDVSA seeks bids for Citgo in potential $10 billion deal - sources

NEW YORK - Venezuela's state-run oil company PDVSA [PDVSA.UL] is seeking preliminary offers for its U.S. unit Citgo Petroleum Corp [PDVSAC.UL] by the end of September, a deal that could fetch up to $10 billion, according to two people familiar with the matter.

MOVES-Lazard, RBC Capital, Aviva Investors, Barclays Securities Japan

(Adds Lazard, RBC Capital, Willis North America, Goldbridge)

Congressman urges Obama to block Venezuela's Citgo sale

MIAMI - A U.S. congressman urged the Obama administration on Wednesday to block the proposed sale by Venezuela's state oil company of its North American refining unit Citgo, saying it would be against "vital national interests".

Venezuela taps Lazard to sell Citgo Petroleum -sources

NEW YORK, Aug 12 - Venezuelan state oil company PDVSA is working with investment bank Lazard Ltd to sell its North American unit, Citgo Petroleum Corp, according to people familiar with the situation.

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