Lazard axes 200 jobs after business review
Investment bank Lazard has axed about 200 employees after a review of its business, Chief Financial Officer Evan Russo said on Thursday.
Lazard’s profit falls amid slowdown in global dealmaking
Investment bank Lazard reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal activity, though the decline was smaller than analysts had estimated as its financial advisory business stabilized.
Fiat Chrysler third-quarter operating profit tops expectations on North America
Fiat Chrysler on Thursday posted higher than expected operating earnings for the third quarter, lifted by its North-American business, as the carmaker heads to a merger with French rival PSA .
U.S. labor costs rise in third quarter
U.S. labor costs increased in the third quarter as a tightening labor market lifted wages across the board.
U.S. consumer spending rises moderately, wages flat
U.S. consumer spending rose marginally in September while wages were unchanged, which could cast doubts on consumers’ ability to continue driving the economy amid a deepening slump in business investment.
U.S. weekly jobless claims rise more than expected
The number of Americans filing applications for unemployment benefits rose slightly more than expected last week, but the trend in claims remained consistent with strong labor market conditions.
World stocks touch 20-month high, bond yields drop after Fed cuts
World stocks edged to their highest in over 20 months on Thursday after the Federal Reserve cut rates even as it signaled it would hold back from further reductions, sending bond yields and the dollar down.
Cigna raises 2019 forecast as Express Scripts buyout powers profit beat
Cigna Corp raised its full-year earnings target on Thursday, after reporting a better-than-expected quarterly profit boosted by its acquisition of pharmacy benefits manager Express Scripts last year.
Encana plans to move base to U.S. amid pipeline crunch in Canada
Encana Corp will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country’s energy sector.
Britain welcomes Spirit AeroSystems’ purchase of Bombardier’s Belfast site
British business minister Nadhim Zahawi on Thursday welcomed Spirit AeroSystems’ purchase of Bombardier’s plant in Belfast as great news for workers and a welcome investment in the United Kingdom.
