Wisconsin Energy struck a $5.71 billion deal to buy Integrys Energy, creating a larger, more diverse electric and natural gas company.» Read More
He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. A top Morgan Stanley broker, Jonathan Madrigano, who last year managed about $2 billion in client assets left the company's brokerage division on Friday to join J.P. Morgan Securities.
The bank named Tom Willett as head of mergers and acquisitions, Europe. He will be based in London. Willett joins from Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa.
*Lazard starts JDS Uniphase, Finisar, Ciena Corp with neutral For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Investor’s hopes and share prices rose Tuesday as Rupert Murdoch’s News Corp. announced that it is considering dividing the massive media conglomerate into two separate, publicly traded companies.
Trian Fund Management’s founder and CEO Nelson Peltz cites Lazard as his top pick of global management and advisory service companies.
Nelson Peltz, Trian Partners chairman & CEO, discusses his fund's 5.1% stake in the investment bank.
Top Bernstein bank analyst Brad Hintz tells us M&A us about to pick up and a handful of banks are best positioned for the deal activity.
Is Wall Street cutting bonuses enough? That is a question worth considering amid chatter that investment banking bonuses are expected to be the lowest they have been since 2008 amid lackluster profits.
Lately, consumers have been craving McCafé Peppermint Mochas and McRibs. Discussing the successful business planning behind the recent rally for McDonalds shares, with Matt DiFrisco, Lazard Capital Markets senior restaurant analyst and CNBC's Melissa Lee.
Citigroup, Bank of America, JPMorgan Chase and Wells Fargo look to have a weak third quarter ahead of them when they report next month, but expectations are so low they may have a chance to surprise to the upside.
Analysts at Citigroup and UBS lowered their earnings estimates Monday for Goldman Sachs, Morgan Stanley and other universal banks on expectations the barren landscape in the equity and credit markets would persist for several quarters.
Citigroup's second-quarter earnings were a "disappointment," as higher expenses offset a better-than-expected rise in revenue, David Trone, the securities industry analyst at JMP Securities, told CNBC Friday.
Banks may have been hit the hardest in Wednesday's sell-off, but one top bank analyst says there are three financials with the potential to pop.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
The banking industry is entering another "golden age," with so much cash on hand that earnings will grow 20 percent annually over the next few years, banking analyst Dick Bove told CNBC.
Worries of the european debt crisis was back in the news on Monday as Euro shares dropped sharply ahead of debt auctions this week.
Not if you believe as Cramer does that the precious metal’s price is headed to $2,000. Plus, get calls on the utilities, restaurants, the investment banks and more.
The major issue for banks this quarter is that core earnings are going down for the industry and that’s what investors will be looking at, said Richard Bove, financial strategist at Rochdale Securities.
Many large companies are going back-to-basics by looking at what there core competencies are and exiting the businesses that aren't working while consolidating others.
In August banks landed at the bottom of the heap as the worst performing sector of the S&P. How should you play them in September?