Investment Banking & Brokerage

Evercore Partners Inc. (NYSE: EVR) announced today that Anthony J. Magro has agreed to join the firm's Investment Banking business as a Senior Managing Director based in New York. Mr. Magro will focus on providing strategic and financial advice to companies in the Industrial and Consumer sectors....

Jefferies reiterated its Buy rating on Biogen Idec (NASDAQ: BIIB) after a meeting with a leading multiple sclerosis expert. In a research report published today, Jefferies stressed that the expert believes some of Biogen's products will perform very well. In the report, Jefferies states, "We had...

Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Stocks Under $5: Beaten-Down Homebuilders The March S&P/Case-Shiller home price numbers were released earlier today, with the overall reading for 20 of the largest cities in the U.S. falling 3.6% from the...

This morning, it was announced that Morgan Stanley (NYSE: MS) in Asia invested $50 million in Yongye International, Inc. (NASDAQ: YONG). This is a significant investment for a company only valued at approximately $250 million. In addition, it is catching Wall Streets eye because of the recent...

LaBranche & Co Inc. (NYSE: LAB) and Cowen Group, Inc. (NASDAQ: COWN) today jointly announced that Institutional Shareholder Services, Inc. has recommended that LaBranche stockholders vote “FOR” the adoption of the merger agreement between Cowen and LaBranche and that Cowen stockholders vote “...

By Eddie Katz Gluskin Sheff - The Chinese stock market has now corrected 10% in a six-week span with obvious near-term implications for correlated assets such as deeply cyclical basic materials. Just think if the S&P 500 had slumped like that there would be panic on the streets and all the...

Robert W. Baird upgraded AMAG Pharmaceuticals Inc (NASDAQ: AMAG) from “neutral” to “outperform.” AMAG's shares closed at $16.80 yesterday. AMAG Pharmaceuticals had $238.23 million in total cash for the latest quarter. Citigroup upgraded Mosaic Company (NYSE: MOS) from “hold” to “buy.” MOS' shares...

J.P. Morgan, which upgraded shares of Goldman Sachs (NYSE: GS), is providing some color on the stock. “We had a group meeting with GS Vice chairman and Co-CEO of GS Intl. Michael Sherwood, and conclude the firm's strategy is clear and recent negative newsflow impact on franchise over-discounted,”...

JP Morgan has upgraded Goldman Sachs (NYSE: GS) from Neutral to Overweight and maintains its $175 price target.

Before I get into my latest topic, I want to follow-up on my Friday comment on pensions leaping back into hedge funds. I was talking to one of the investment professionals who works at an established hedge fund that received an allocation from the $175 million SARA Fund managed by HR Strategies on...

Goldman Sachs (NYSE: GS) has tapped Johan van Jaarsveld from Blackstone Group (NYSE: BX) to head a newly created team advising mining and metals companies in Asia outside Japan, according to a report in the San Francisco Chronicle. Mergers among metals and mining companies in the Asia-Pacific...

The Goldman Sachs Group, Inc.(NYSE: GS) today announced that Judd Gregg, a former three-term U.S. Senator from New Hampshire has been named an international advisor to the firm. He joins a group of 17 international advisors and will provide strategic advice to the firm and its clients, and assist...

Express Scripts, Inc. (Nasdaq: ESRX) announced that it has entered into two accelerated share repurchase, or ASR, transactions with Morgan Stanley (NYSE: MS) to purchase shares of Express Scripts' common stock for an aggregate purchase price of $1,750 million. Under the terms of the transactions...

An article from Bloomberg today reveals that the Federal Reserve instituted a secretive loan program from March through December 2008, which provided cheap funding to troubled banks. The largest borrowers were Credit Suisse (NYSE: CS), Goldman Sachs (NYSE: GS) and Royal Bank of Scotland (NYSE: RBS...

Sanders Morris Harris Group Inc. (NASDAQ: SMHG) today announced that the Company's shareholders approved the change of the Company's name from Sanders Morris Harris Group Inc. to The Edelman Financial Group Inc. In addition, the Company's stock will begin trading under the symbol (EF) on Friday,...