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  • PARIS— France's Socialist government offered support Sunday for Greece's efforts to renegotiate debt for its huge bailout plan, amid renewed fears about Europe's economic stability. Varoufakis insisted that Greece wants to pay the money back, but said he wants new terms and new negotiating partners, arguing that it's not worth discussing with the...

  • WASHINGTON, Jan 14- The head of the U.S. Chamber of Commerce charged on Wednesday that Senator Elizabeth Warren and other backers of what he called "economic populism" were actually seeking a state-run economy. Thomas Donohue, the chamber's president and a top business lobbyist, said he did not think most Americans shared the views of Warren, a liberal Democrat and...

  • WASHINGTON, Jan 12- Antonio Weiss, an investment banker who was a controversial nominee for a top post at the U.S. Treasury Department, has decided to withdraw from consideration, the White House said on Monday. Liberal lawmakers, led by Senator Elizabeth Warren of Massachusetts, fiercely opposed Weiss's nomination to the top Treasury domestic finance job...

  • LONDON, Jan 11- Shire Plc has agreed to buy NPS Pharmaceuticals Inc for $5.2 billion in its biggest acquisition yet, as the Dublin- based drugmaker strengthens its position in the lucrative field of medicines for rare diseases. The move will not come as a huge surprise, since Shire had already been linked to NPS in the first half of 2014. When plans for Shire itself to...

  • HONG KONG, Dec 23- Announced M&A volume in Asia-Pacific jumped 48 percent in 2014 from a year ago to $802.2 billion, preliminary data from Thomson Reuters shows, the highest volume on record. Goldman Sachs 125,542 Morgan Stanley 120,547 Citigroup 88,409 JPMorgan 80,651 CITIC 79,850 Bank of America Corp 76,853 Deutsche Bank 63,815 Somerley Ltd 62,122 UBS...

  • LONDON, Dec 18- Telecoms tycoon Xavier Niel's NJJ Capital has agreed to buy Swiss mobile operator Orange Switzerland from private equity group Apax Partners for 2.8 billion Swiss francs, Apax said in a statement. NJJ Capital, Niel's private investment fund, has circled Orange Switzerland since 2012 when the business was sold to Apax. NJJ Capital declined to...

  • Dec 16- Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include Marathon Petroleum Corp, Valero Energy Corp, HollyFrontier Corp and a consortium of...

  • LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers. A spokesman for GSK, which was being advised on the disposal by Lazard, declined to give any more details. Bidders, who had been hoping to clinch a deal before the end of the year,...

  • UPDATE 1-GlaxoSmithKline abandons sale of older drugs Thursday, 4 Dec 2014 | 12:03 PM ET

    LONDON, Dec 4- GlaxoSmithKline said on Thursday it had decided not to sell a portfolio of older drugs marketed in North America and Europe after considering offers from potential buyers. A spokesman for GSK, which was being advised on the disposal by Lazard, declined to give any more details. People familiar with the situation said last month that several private...

  • MADRID, Dec 1- A Spanish High Court judge has asked investment bank Lazard to provide information on a 6 million euro payment to ex-IMF boss Rodrigo Rato when he was head of lender Bankia in 2011, a court order showed on Monday. Rato, who worked for Lazard between stints as head of the International Monetary Fund and Bankia, has been accused of improper management as...

  • The White House last week announced Antonio Weiss, a top official at investment bank Lazard, as Obama's choice to be the Treasury's under secretary for domestic finance. An aide to Senator Dick Durbin, the No. 2 Senate Democrat, said the lawmaker opposes Weiss because of Lazard's work advising on recent high-profile inversions. Congress is only in session for a...

  • LONDON, Nov 13- Apollo Global Management is planning to bid for all GlaxoSmithKline's mature drugs, joining an auction expected to value the business at more than $3 billion, according to four people familiar with the process. GSK, Britain's biggest drugmaker, is looking to divest its mature prescription medicine products sold in North America and western...

  • NEW YORK, Nov 4- At least three oil companies are still actively bidding for Citgo Petroleum Corp, the U.S. refining arm of Venezuela's PDVSA, even after the country's finance minister said that the auction was no longer going ahead, according to three people familiar with the situation. The investment bank hired by PDVSA to conduct the sale, Lazard Ltd, has not ended...

  • HOUSTON, Oct 27- Venezuela's surprise move to scrap the sale of its U.S. refining unit Citgo was prompted when bids came in well below its $10 billion asking price, and sovereign and corporate bondholders criticized selling a reliable source of cash during a liquidity crunch, a source familiar with the situation said on Monday. State oil company PDVSA had hired...

  • Midday movers: Deere, GrubHub, Lazard, Pfizer & more Thursday, 23 Oct 2014 | 12:50 PM ET

    Some of Thursday's midday movers:

  • UPDATE 2-Higher advisory fees drive Lazard profit beat Thursday, 23 Oct 2014 | 10:13 AM ET

    Oct 23- 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. German companies were at the forefront of a slew of large cross-border deals in September, such as the $17 billion takeover of U.S.-based Sigma-Aldrich Corp by...

  • Oct 23- Investment bank and asset manager Lazard Ltd reported better-than-expected quarterly profit and revenue due to a jump in M&A advisory fees and an increase in asset management revenue. Among the big deals Lazard advised on during the quarter were Siemens AG's $7.6 billion acquisition of oilfield equipment maker Dresser-Rand Group Inc and chemical...

  • Lazard profit rises 48 pct on higher advisory fees Thursday, 23 Oct 2014 | 6:23 AM ET

    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. The company's net profit rose to $89 million, or 67 cents per share, in the third quarter ended Sept. 30, from $60 million, or 45 cents per share, a year earlier. Among the big deals Lazard advised on during the...

  • Oct 22- A consortium of buyout firms Advent International Corp and Avista Capital Partners is in advanced talks to acquire UCB SA's U.S. generic drugs unit Kremers Urban Pharmaceuticals Inc, according to people familiar with the matter. Advent and Avista have prevailed in an auction for Kremers Urban, which attracted interest from other private equity firms...

  • *FTSE 100 has lost over 8 percent since Sept. 4. The decision to scrap the offering, which could have valued the firm at about 800 million pounds, casts a shadow over the prospects of the bigger and more widely known Virgin Money, another bank seeking to list this month. Aldermore and Virgin are among so-called challenger banks which the government hopes can break the...