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  • Lazard adjusted profit rises 27 pct Thursday, 23 Apr 2015 | 7:10 AM ET

    April 23- Investment bank and asset manager Lazard Ltd reported a 27 percent rise in quarterly adjusted profit as a jump in corporate dealmaking boosted M&A advisory fees. The company's adjusted net profit rose to $103 million, or 77 cents per share, in the first quarter ended March 31, from $81.3 million, or 61 cents per share, a year earlier. Lazard said M&A and other...

  • FRANKFURT, April 23- Airbus has started approaching potential buyers for electronics and other assets it wants to sell to focus its defence division on warplanes, missiles, launchers and satellites, three sources familiar with the matter said. Europe's defence industry is struggling as cash-strapped governments cut military spending, and the asset sales...

  • *Apollo deal could be debt for equity swap. LONDON, April 16- Steel trading firm Stemcor, one of the UK's largest private companies, could be taken over by U.S. distressed investment fund Apollo, as part of a $2 billion debt restructuring, according to banking and industry sources. A deal with Apollo would be a classic debt for equity swap, in which Apollo would write off...

  • LONDON, April 9- Three years after facing off over Greece's debt workout, the two giants of debt restructuring- Lazard and Blackstone- are again preparing to do battle, one for Ukraine and the latter on behalf of its creditors. Another prominent player is Franklin Templeton, one of the world's biggest asset managers, whose star investor, Michael Hasenstab, has...

  • LONDON, March 31- Elliott Advisors, the rebel shareholder seeking a boardroom shake-up at Alliance Trust, rejected the trust's defence of its performance, costs and dividend policy on Tuesday, and reiterated calls for the election of three new directors. Using data from third parties including AIC, Bloomberg and MSCI, Elliott said that over all relevant return...

  • March 30- U.S. cable T.V. operator Cablevision Systems Corp is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1, according to a person familiar with the matter. Cablevision's $1 bid takes into account the New York Daily News' reported $30 million annual loss and $150 million investment in a printing...

  • WILMINGTON, Del., March 26- A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the bankrupt retailer, called the process a "sham" and demanded a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. While RadioShack's attorney told the court the deal saved...

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • March 24- Lexmark International Inc, known for its printers, said it would buy Kofax Ltd for about $1 billion to double the size of its enterprise software business. Lexmark's $11 per share cash offer represents a 46.7 percent premium to Kofax stock's Tuesday close of $7.50 on the Nasdaq. Goldman Sachs and Co is the financial adviser to Lexmark for the Kofax deal.

  • March 23- Tenet Healthcare Corp on Monday said it would become the largest U.S. provider of outpatient surgery services through a joint venture with United Surgical Partners International and expects to fully own the company within five years. Tenet, the third-largest U.S. hospital operator, said it will pay $425 million to private equity firm Welsh, Carson,...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22 (Reuters)- China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tire maker, in a 7.1 billion-euro ( $7.7 billion) deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • March 23- Tenet Healthcare Corp and United Surgical Partners International will combine their ambulatory and short-stay surgery centers in a deal that will give Tenet the option to buy USPI over the next five years. Tenet also said it would buy UK- based Aspen Healthcare from Welsh Carson for about $215 million in cash. USPI and Aspen are being advised by...

  • NEW YORK, March 18- More than half of the 17 senior managing directors working in Blackstone Group LP's mergers and acquisitions advisory arm may leave as the business is combined with the advisory firm headed by star Wall Street investment banker Paul Taubman, according to people familiar with the matter. Since he left a senior role at Morgan Stanley in 2012 to...

  • March 16- Buyout firm Apollo Global Management LLC is in advanced talks to acquire most of the assets of Digital First Media, publisher of the Denver Post and San Jose Mercury News, for around $400 million, according to people familiar with the matter. Apollo has so far prevailed over rival Cerberus Capital Management LP in the auction for Digital First Media, the...

  • Private equity, hedge fund stocks to outperform? Monday, 12 Jan 2015 | 10:04 AM ET
    Pedestrians walk outside an E*Trade Financial office in New York.

    Major investment banks and money center banks are not the best way to play Wall Street's success six years into a bull market, JMP Securities said.

  • At BNY, Trian scores another win for activists Wednesday, 3 Dec 2014 | 11:47 AM ET
    The Bank of New York Mellon on Wall Street, New York.

    Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.

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

    Some of Thursday's midday movers: