Word: lazard
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Charles Jacob Stewart, 61, general partner in Lazard Freres & Co., New York investment bankers, was elected president of Manufacturers Trust Co., fifth largest bank in New York City, succeeding Eugene S. Hooper, 61, who is retiring. Dallas-born, Stewart graduated from Yale in 1918, joined New York Trust's commercial banking department in 1930, rose to the presidency in 1949, joined Lazard Freres...
More extreme advocates of splitting say that all U.S. corporations should split their stock so that it sells at $10 to $15, where it can compete with mutual funds. Many funds price their shares in this range (e.g., Lazard Fund, One William Street), keep splitting so that prices remain low. Says Harold Clayton of Hemphill, Noyes & Co.: "A. T. & T., at 20 or 10 or 5, is a blue chip regardless of its selling price...
...mutual funds with $448 million in assets; today 149 funds hold $12.75 billion in assets, the great bulk of it stocks. Another $12 billion in stocks is held by other institutional buyers such as insurance companies and pension funds. Even such stiff-collared investment bankers as Lehman Bros. and Lazard Frères went into the fund business, unable to resist the clamor for shares. Lehman originally offered shares worth $37.5 million; demand was so great the issue was boosted to $198 million. Lazard also first thought of $37.5 million, sold $127.5 million...
Last January Lazard Freres & Co. and Chase International Investment Corp. sent a mission to Iran to set up a financial center to provide credits for investors. In southwestern Iran, the government authorized the U.S. Development and Resources Corp. founded by former TVA Chiefs David Lilienthal and Gordon Clapp, to work on plans for a $5 million dam, a 375,000-acre irrigation project, a sugar mill and refinery, Iran's first major electric transmission line, and a gas pipeline from the Agha Jari oilfield...
STRONG INVESTOR DEMAND caused Wall Street's Lazard Freres to boost initial offering for its new mutual fund from 2,500,000 shares to 8,500,000. Fund will invest about $117 million...