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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Morgan Stanley

Morgan Stanley stories: 87 news summaries

21 - 40 of 87 Stories | << Prev 1 2 3 4 5 Next >>

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(Newser) - Say goodbye to the Citigroup empire. When the company releases its earnings next week, it'll also unveil a drastic plan to slice away businesses until it’s roughly two-thirds of its current size, the Wall Street Journal reports, and looks much like Citicorp did before the merger that created... More »

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Citigroup • Morgan Stanley • Citibank • Vikram Pandit • Smith Barney

(Newser) - Rumors of Citigroup’s plan to merge its brokerage unit with that of Morgan Stanley have proven true, as both companies’ boards approved the move today, CNBC reports. Morgan Stanley will control 51% of the joint venture between its operation and Citi’s Smith Barney. Observers see Stanley’s option... More »

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Citigroup • merger • Morgan Stanley • Citibank • brokerage • bailout • Smith Barney • TARP

Stockbrokers in High Demand
on Back-to-Basics Wall St.

Some, unlike disgraced investment bankers and traders, even command bonuses

Jan 13, 09 12:56 PM CST
(Newser) - With investment bankers and trading desks disgraced by crippling losses, the everyday stockbroker is enjoying a renaissance as Wall Street firms look to stay relevant to customers and investors, the Wall Street Journal reports. The likely deal between Morgan Stanley and Citigroup that would create the world’s largest brokerage... More »

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Wall Street • Citigroup • Morgan Stanley • investment bankers • portfolio • joint ventures • Smith Barney • brokers • financial crisis • traders

MARKETS

 Dow Drops 125 
 With Banks, Materials 

Market awaits Alcoa earnings after close

Jan 12, 09 3:27 PM CST
(Newser) - Stocks posted losses today as financial and basic-materials firms led losses, MarketWatch reports. Alcoa, which reports earnings after the bell, fell 7.32% on expectations the steel giant will report losses of 10 cents a share. The Dow closed down 125.13 at 8,474. The Nasdaq fell 32.80... More »

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Citigroup • Bank of America • Dow Jones • Morgan Stanley • Nasdaq • US Steel • S&P 500

MARKET Open

 Stocks Edge Down 
 Ahead of Earnings 

Dow off 50 in early trading; first reports due late today

Jan 12, 09 9:04 AM CST
(Newser) - Stocks moved lower at today’s open as traders held their collective breath ahead of what’s expected to be a dismal earning season, the Wall Street Journal reports. The Dow was down 50 points recently, to 8,548, while the S&P and Nasdaq dipped 0.95% and 0.... More »

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stock market • Citigroup • Alcoa • Morgan Stanley • Nasdaq • corporate earnings • Dow • S&P 500 • Smith Barney • oil prices • Abbott Laboratories

 Morgan Stanley Near $3B 
 Deal for Smith Barney 

The joint venture would create the world's largest retail brokerage

Jan 12, 09 7:09 AM CST
(Newser) - Morgan Stanley is close to a deal giving it control of Citgroup’s Smith Barney business and creating the world’s largest retail brokerage, reports Reuters. The joint venture would give Morgan 51% of Smith Barney for up to $3 billion. In addition to the cash, Citi would benefit from... More »

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Citigroup • mergers and acquisitions • Morgan Stanley • brokerage • Smith Barney

MARKETS

 Dow Off 100 as Rate Rally Dies 

Stocks fall on poor earnings, more job cuts

Dec 17, 08 3:27 PM CST
(Newser) - Stocks turned lower as jubilation over the Fed’s rate cut yesterday died down and concerns about the slumping economy returned today, the Wall Street Journal reports. Losses by Morgan Stanley and Goldman Sachs dragged financials lower. The Dow closed down 99.80 at 8,824.34. The Nasdaq fell... More »

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currency • Goldman Sachs • Dow Jones • Morgan Stanley • unemployment • Nasdaq • US dollar • S&P 500 • financial crisis

MARKET Open

 Stocks Sink as Morgan Misses 


Dec 17, 08 8:52 AM CST
(Newser) - Stocks retreated this morning, after Morgan Stanley reported a worse-than-expected $2.29 billion loss. Goldman Sachs posted a similar number yesterday, but whereas its stock rose, Morgan’s dropped more than 5%. The Dow likewise shed 107 points at the open, while the Nasdaq and S&P each dropped 1.... More »

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stock market • Apple • Morgan Stanley • Nasdaq • Dow • S&P 500

Morgan Stanley to Withhold Bonuses Until Bets Pay Off

Wall Street showing bonus season restraint

Dec 9, 08 8:00 AM CST
(Newser) - Attempting to curb criticism after taking billions in government bailout cash, Morgan Stanley has attached a “claw-back” provision to employee bonuses this year that allows the bank to withhold payouts if employees don’t manage risk properly. The Wall Street behemoth will hold onto a portion of employees’ bonuses... More »

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executive compensation • Goldman Sachs • Morgan Stanley • Merrill Lynch • bonuses • financial crisis • Wall Street bailout

Merrill CEO Backs Off $10M Bonus Request

Wall Street climate pressures Thain to
forgo year-end check

Dec 8, 08 5:40 PM CST
(Newser) - Under a wave of criticism, Merrill Lynch CEO John Thain today gave up asking for a $5-to-$10 million bonus, the Wall Street Journal reports. New York Attorney General Andrew Cuomo called the request "nothing less than shocking" during an "abysmal year" in which Merrill lost $11 billion.... More »

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Wall Street • executive compensation • Morgan Stanley • Merrill Lynch • John Mack • bonuses • John Thain • bailout

 Chicago Leases 
 Parking Meters 
 for $1.6B 

Company wants a 75-year lease on
36,000 metered parking spaces

Dec 3, 08 9:00 AM CST
(Newser) - Chicago, which in September agreed to lease out Midway Airport for 99 years in exchange for $2.52 billion, has now made a deal to lease 36,000 metered parking spaces to Morgan Stanley for $1.16 billion, reports Bloomberg. The city council will vote tomorrow on the 75-year lease,... More »

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Chicago • Richard Daley • Morgan Stanley • parking meters • Chicago Midway Airport

Morgan Stanley Eyes Smaller Fish to Boost Banking Cred

After converting from investment bank, company targets growth in deposits

Dec 1, 08 10:27 AM CST
(Newser) - Just months after converting from an investment firm into a bank-holding company, Morgan Stanley is already one of the top 50 US banks in terms of deposits, the Wall Street Journal reports—and is looking to acquire regional banks that will speed its climb. Analysts say it’s unlikely Morgan... More »

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Bank of America • Morgan Stanley • brokerage • Sears • banking industry • financial crisis • bank-holding company

MARKETS

 Dow Up 397 on Positive News 

Financials lead as government moves to help banking giant

Nov 24, 08 3:22 PM CST
(Newser) - Stocks rallied today in a vote of confidence for the $326 billion Citibank rescue plan and Barack Obama’s team of economic advisers, MarketWatch reports. Combined with Friday's surge, the rally was the largest 2-day jump in over 20 years. The Dow rose 396.97 points to close at 8,... More »

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Barack Obama • Citigroup • Bank of America • Goldman Sachs • Dow Jones • Morgan Stanley • Nasdaq • economic stimulus package • S&P 500 • financial stocks • Genworth Financial • Hartford Financial

 Frantic Citigroup
 Considers
 Sell-Off 

Merger or sale become options as bank scrambles to stop the drop

Nov 21, 08 4:20 AM CST
(Newser) - Citigroup is keeping all its options on the table as its share price plunges—including selling itself, insiders tell the Wall Street Journal.  The battered giant's share price plummeted another 26% yesterday—its worst one-day hit ever—chalking up an 83% dive for the year. Directors plan crisis talks... More »

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Citigroup • Goldman Sachs • mergers and acquisitions • Morgan Stanley • Citibank • Vikram Pandit • share price • financial crisis

 Goldman Bosses 
 Take a Pass 
 on Bonuses 

Wall Street's meltdown prompts top 7 execs to settle for $600,000 base pay

Nov 17, 08 7:10 AM CST
(Newser) - After an abysmal year, Goldman Sachs' top seven executives—including CEO Lloyd Blankfein—will give up their 2008 bonuses, totaling tens of million of dollars, reports the Wall Street Journal. The decision could force other execs on Wall Street to follow suit, reducing some of the pressure on investment banks... More »

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Wall Street • executive compensation • Goldman Sachs • Morgan Stanley • financial crisis

Banks Owe Execs Billions—
in Previous Years' Pay

Under bailout rules, banks can honor past obligations to execs with federal cash

Oct 31, 08 8:00 AM CDT
(Newser) - The financial titans receiving huge portions of federal bailout cash are sitting on some massive IOUs, but they aren’t to taxpayers or shareholders—the banks owe billions to their own executives for previous years' pay and pensions. Under the rules of the bailout, they can be paid with taxpayer... More »

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Citigroup • Goldman Sachs • Morgan Stanley • bailout • JPMorgan Chase • banks • financial crisis

ANALYSIS

Japan's Own Banking Crisis Informs Current Power Play

Segue to international market could bolster declining profits

Oct 23, 08 2:27 PM CDT
(Newser) - Japanese banks, which just years ago needed US investors to save them from bankruptcy, are using the current crisis to scoop up low-priced international firms. The timing is perfect for the Asian banks, desperate to bolster profits limited by a saturated domestic sector, the Financial Times reports. Though expansion may... More »

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Japan • Morgan Stanley • Lehman Brothers • banks • banking industry

GLOSSIES

Times Tough for I-Bankers, in 'Marie Antoinette' Kind of Way

Tough times prompt some soul searching, but titans confident they'll regain Wall St. primacy

Oct 20, 08 3:26 PM CDT
(Newser) - With Wall Street in free fall, many of its elite I-bankers are seeing the status quo turned upside-down, Vanessa Grigoriadis writes in New York. Once at the top of the heap, working for companies that praised them as smartest people out there, some are fighting to survive on the Street,... More »

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Wall Street • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • lifestyle • investment bankers • hedge funds • financial crisis

 Bankers to 
 Reap $70B 
 Despite Crash 

Economy's woes
don't put stop to
Wall Street bonuses

Oct 18, 08 7:05 PM CDT
(Newser) - Wall Street’s top banks are set to pay their financial workers more than $70 billion in salary and bonuses this year—a tenth of the $700 billion in taxpayer money committed to the bailout—despite the huge drops in share price and cash shortages they are experiencing, the More »

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Wall Street • Morgan Stanley • Deutsche Bank • bonuses • banking industry • financial crisis

Morgan in Talks to Keep Critical Mitsubishi Money

Japanese bank seeks more favorable terms for $9B investment

Oct 12, 08 6:19 PM CDT
(Newser) - Morgan Stanley scrambled today to keep an investment from a major Japanese bank as Wall Street held its breath, the New York Times reports. Japan’s Mitsubishi UFJ Financial Group agreed last month to invest $9 billion, but wants better terms after Morgan's market value plunged last week. The talks... More »

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mergers and acquisitions • Morgan Stanley • capital • investment • Mitsubishi UFJ Financial Group • financial crisis

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