Goldman Sachs analyst Daniel Harris changed the ratings on a slew of brokerages and stock exchanges Monday, citing improvements in mergers and acquisitions and a possible slowdown in fixed income.

By Steve Eder

Lazard Ltd. on Tuesday appointed Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.

Lazard on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month.

Stocks shot out of the gate Monday, fueled by earnings optimism, but then pulled back near the final hour of trading as investors took some profits.

Stocks opened higher Monday as better-than-expected third-quarter results began trickling in, boosting investors' optimism about the overall earnings season.

Bruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd., was hospitalized with an irregular heartbeat.

Futures indicated a mildly higher open for Wall Street on Monday as better-than-expected third-quarter results began trickling in, boosting investors' optimism about the overall earnings season.