Word: lazards
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...enriches uranium ore to make nuclear fuel; it designs and constructs reactors and helps operate them; and it recycles the spent fuel and packages the remaining waste. An engineer by training, Lauvergeon worked as an aide to the late French President François Mitterrand before joining the Lazard investment bank. In the late 1990s, the government asked her to take over Cogema, a state-owned nuclear reprocessing company. Convinced that nuclear had a big future, she orchestrated a merger with the other state-owned nuclear company, Framatome, which built plants and mined uranium, to create the French colossus...
...banks sponsoring the event were Goldman Sachs, Credit Suisse First Boston, UBS, BOA, Lehman Brothers, Wachovia, Citigroup, JPMorgan, Lazard, Merrill Lynch, and Morgan Stanley...
...Lambert, the investment firm that first used junk bonds, called the decision "unwise and unwarranted." Drexel points out that of the $18 billion worth of junk bonds issued last year, less than 20% was used in takeovers. One supporter of the Federal Reserve was Felix Rohatyn, a partner of Lazard Freres, an investment banking house, who has been a critic of the use of junk bonds in hostile takeovers. Said he: "This was a sound step to curb the most extreme uses of junk bonds...
...manufacturers say most people who buy fakes wouldn't pay for the real thing anyway. The larger risk is that the brand will get devalued. Brandmakers fight counterfeiting "not because they feel this will steal a genuine quantifiable sale from them," says luxury-goods analyst Andrew Gowen of Lazard & Co. in London, "but because of the overexposure of the brand...
...actually owns the newspapers, including Britain 's Daily Telegraph and the Chicago Sun-Times? That's the key question following Black's surprise deal last week to sell his holdings to the reclusive Barclay brothers for a bargain $466 million. Infuriated, Hollinger's board has told its investment bank, Lazard, to find other buyers. "The board believes it has the authority to sell assets without the authority of the controlling shareholder," says a source...