Lazard said Pierre Cailleteau, previously with Moody's Investors Service, will join the firm's sovereign advisory group.

The unemployment rate edged up to 9.6% from 9.5% in the month of July.

Goldman's Milton Berlinski and Alison Mass predict stability for private equity in the near and long term.

August job cuts slowed by nearly 17% to 34,768 compared to the previous month, marking the lowest monthly decline total in over a decade, according to Challenger Gray.

BP has agreed to sell its Colombian oil and gas exploration and transportation operation to Ecopetrol SA and Talisman Energy Inc. for $1.9 billion.

Financial executives in the U.S. and abroad could be enjoying their bonuses now instead of at the end of the year, according to The Wall Street Journal.

Westlake Securities announced the opening of a new Dallas office, co-managed by Terry Fick and Brad Purifoy. K4 System Publisher

Man Group plc has hired Luke Ellis as head of the firm's multi-manager business. K4 System Publisher

People applying for state unemployment insurance fell by 31,000 to 473,000 for the week ended Aug. 21.

People applying for state unemployment insurance fell by 31,000 to 473,000 for the week ended Aug. 21. Gerald Magpily

A section of the California Corporation Code provides rescission rights to buyers who purchase securities from or through unregistered broker-dealers or unlicensed intermediaries who are not just deal finders. K4 System Publisher

Philip Partnow will lead a new M&A team in China. The expansion could translate into more jobs for dealmakers.

Philip Partnow will lead a new M&A team in China. The expansion could translate into more jobs for dealmakers. Gerald Magpily

Stephen M. Vajtay Jr. will become firmwide managing partner at McCarter & English LLP on Dec. 1. K4 System Publisher

BHP Billiton shows off the financial might it can bring to bear in its hostile bid for Canadian fertilizer producer Potash Corp as it reports a doubling of annual profit to $12.72 billion.

BHP Billiton shows off the financial might it can bring to bear in its hostile bid for Canadian fertilizer producer Potash Corp as it reports a doubling of annual profit to $12.72 billion. Sara Behunek http://www.thedeal.com/dealscape

CitiFinancial is looking to fill 230 available positions.

CitiFinancial is looking to fill 230 available positions. Gerald Magpily

Private equity firm TA Associates has hired Lisa Harris as vice president in the financial services and consumer group. Sara Behunek http://www.thedeal.com/dealscape

Private equity firm TA Associates has hired Lisa Harris as vice president in the financial services and consumer group.