MORGAN STANLEY

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EU counters market wolves after Greek crisis

European Union finance ministers promised to counter the wolfpack of the financial markets and defend the euro before talks on Sunday on ring-fencing Greece's debt crisis to stop it spreading.

EU seeks mechanism to contain Greek debt crisis

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European Union finance ministers called for strong action to ensure stability before they met on Sunday to discuss ways of ring-fencing Greece's debt crisis to stop it spreading to countries like Portugal and Spain.

Gold eases after record overnight gains

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Gold prices eased in Asian trade Friday, after an overnight surge, as investors turned to profit booking. Gold for immediate delivery was seen trading at $ 1206.71 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1,200.40at the same time.
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Treasury begins sale of Citigroup stake

The U.S. Treasury on Monday plans to start selling off its 27 percent stake in Citigroup , the latest step in the Obama administration's effort to end unpopular bailout programs.
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Blue chips lifted by Morgan Stanley, Apple

Blue chips rose in early trading on Wednesday boosted by strong results from investment bank Morgan Stanley and Apple, but healthcare stocks weighed on the broader market.
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In Asia, Goldman clients stay loyal for now

For now, clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.
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Goldman clients stay loyal to the bank, for now

Clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped fraud charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.
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Morgan Stanley fund may lose $5.4 billion: report

Morgan Stanley has told investors that its $8.8 billion real-estate fund may lose nearly two-thirds of its money due to bad investments, according to The Wall Street Journal, which reviewed fund documents.
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Morgan Stanley's Gorman not satisfied, looks ahead

Morgan Stanley Chief Executive James Gorman was not satisfied with his firm's financial performance in 2009 and believes it is time the firm begins carrying out its business plan after a make-over of key businesses.
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Morgan Stanley still chasing Goldman

Morgan Stanley bolstered its trading operations, reshuffled its top management and tinkered with its strategy last year, but those changes are unlikely to bear fruit when the Wall Street bank reports its first-quarter earnings.
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Two tech IPOs, bank IPO soar in debuts

The shares of two telecommunications equipment makers and a bank holding company blew past expectations in their stock debuts Wednesday, reviving hope for what had been a sickly market for initial public offerings.
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Banks' fourth quarter trading revenue falls 66 percent

Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
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Website's instant posts of Wall Street research banned

A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
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Citigroup sees return to sustained profitability

Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.
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SEC sues ex-NY loan trader over alleged kickbacks

A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.
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U.S. companies amass record cash vs debt: report

U.S. corporate borrowers amassed the most cash relative to debt on record through the fourth quarter and will likely preserve cash levels this year, supporting corporate bonds, Morgan Stanley said on Friday.
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Rosetta Stone shares surge on solid quarter, strong outlook

Shares Rosetta Stone Inc surged as much as 32 percent Friday, a day after the language-training software maker posted a strong quarterly profit, as investors cheered the solid growth in its international business and the push toward a recurring-revenue model.
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Fed optimistic on changing Wall St pay packages

The Federal Reserve expects the largest U.S. banks to make progress this year in overhauling their pay practices, while acknowledging that more dramatic changes may take longer to implement, a Fed official said on Thursday.
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The Street's jobless recovery

When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty.

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