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Jefferies Grop LLC has appointed a new co-head of Americas industrials investment banking, hiring Goldman Sachs Group Inc veteran Peter Scheman, a person familiar with the matter said on Tuesday. Scheman, the former U.S. head of building products and engineering and construction coverage at Goldman, will be a partner at Jefferies, and serve alongside the other Americas industrials co-head, Tom Fennimore, the source said, requesting anonymity because the move has yet to be announced.
A federal appeals court on Thursday overturned former Jefferies Group mortgage bond trader Jesse Litvak's second criminal conviction for defrauding a customer about bond prices, finding the jury in the case had wrongly been allowed to hear irrelevant evidence. The ruling from the 2nd U.S. Circuit Court of Appeals comes more than two years after the court threw out Litvak's first conviction in the case. It sent the case back to the U.S. District Court in Connecticut, where prosecutors may choose to put Litvak on trial a third time.
Leucadia's (LUK) shares jump 11.6% post the news that it is divesting most of its meatpacking and auto-dealer units, in order to focus on investment banking and advisory services.
On a day the market benchmarks closed up, Novartis announced it's buying AveXis and Leucadia National detailed plans to divest some assets and rename itself.
Stocks that moved substantially or traded heavily Monday: AveXis Inc., up $94.55 to $210.46 The gene therapy company agreed to be bought by Novartis for $8.7 billion. Western Digital Corp., up 79 cents ...
Leucadia National is selling off a chunk of its assets and refocusing on investment banking. The market is voting solidly in favor of this move today.
Shares of Leucadia, which will rename itself Jefferies Financial Group Inc, rose 12.8 percent to $24.56 at mid-afternoon. Leucadia National, which models itself on Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and owns companies ranging from real estate to mining, bought https://reut.rs/2H8D4vX Jefferies Group Inc in 2012 for $2.76 billion.
Moody's Investors Service, ("Moody's") changed the outlook on Leucadia National Corporation ("Leucadia") to positive and affirmed its Ba1 senior debt rating. This action follows Leucadia's ...
Leucadia National Corp said on Monday it will sell its stakes in two businesses for about $1.33 billion to focus on its financial business, and rename itself Jefferies Financial Group Inc. As Jefferies, the company will offer clients investment banking, capital markets and merchant banking services. The company will continue to use the Leucadia name in its asset management and merchant banking services, it said.
Leucadia National Corp on Monday said it would sell stakes in National Beef and auto dealership Garcadia for about $1.33 billion to focus on its financial business. Leucadia, which would change its name to Jefferies Financial Group Inc, said it will sell 48 percent stake in National Beef to Marfrig for about $900 million in cash, and all of its stake in Garcadia to the Garff family for $425 million.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action after the Wall Street investment bank reports Q1 earnings.