MORGAN STANLEY

Santander, Verisk, Omeros may make $9 billion IPO week

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What could be the biggest U.S. IPO week in 18 months, expected to raise up to $9.1 billion, took shape on Monday after Spanish bank Santander , insurance risk specialist Verisk Analytics Inc and biotech Omeros Corp set terms of initial public offerings next month.

Verisk sees $1.7 billion IPO, to price October 6

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Insurance risk assessment specialist Verisk Analytics Inc on Monday set the terms of its initial public offering, saying it expects the offering to yield $1.7 billion in what could become the largest U.S. IPO in a year and a half.
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On tap: biggest week for IPOs since 2007

Next week is slated to be the biggest for initial public offerings in the United States in nearly two years -- and some say the resurgence could be sustainable.
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Banks change CEOs, but will that make them safer?

Morgan Stanley could be the first of many big banks to tap their more staid businesses for the next generation of leaders, but that might not be enough to contain the culture of risk-taking that creates financial meltdowns.
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Daily Outlook - Sept 11

China's Economy Surprises; Gov't Can Cut Back Finance Support; New Leadership at Morgan Stanley
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Morgan Stanley CEO Mack to be replaced by Gorman

Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones.
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Skyworks shares soar after co raises Q4 view

Shares of Skyworks Solutions Inc rose as much as 12 percent on Thursday, a day after the cell phone chipmaker raised its fourth-quarter outlook citing improvement in demand, prompting at least two brokers to raise their price targets on the stock.
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Daiwa to buy out SMFG from venture for $2.2 billion

Daiwa Securities Group said it would pay about $2.2 billion to buy out Sumitomo Mitsui Financial Group from their investment banking joint venture, leaving Daiwa vulnerable amid intensifying competition for deals in Japan.
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Lawyers seek $245 mln in U.S. IPO suit settlement

Lawyers in a $586 million settlement of IPO litigation stemming from the demise of the Internet stocks bubble want to be paid $245 million, nearly three times the average for such large settlements, according to court papers filed on Tuesday.
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Asia IPOs boom on China listings, more to follow

Asia's initial public offering market is booming as economies inch out of recession and equity markets improve, setting the scene for the region to emerge as the world's top spot for firms rushing to raise money.
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Global stocks jump on G20 stimulus and U.S. jobs

Investors jumped back into equities on Monday, sending world stocks close to their highest level for the year, while the dollar weakened against a basket of currencies as demand for risky assets rose across the board.
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Stocks jump on G20 stimulus and U.S. jobs

Investors jumped back into equities on Monday, sending world stocks close to their highest level for the year, while the dollar weakened against a basket of currencies as demand for risky assets rose across the board.
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Daiwa to buy out SMFG from banking venture: sources

Daiwa Securities Group could pay around $2 billion to exit an investment banking joint venture with Sumitomo Mitsui Financial Group, sources said, triggering a further shake-up of Japan's banking industry.
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Morgan Stanley, Moody's, S&P must defend fraud claims

A U.S. federal judge ruled that Morgan Stanley and two credit rating agencies must defend fraud charges in a class-action lawsuit accusing them of masking the risks of an investment linked to subprime mortgages, and which eventually collapsed.
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Bailed-out bankers to get options windfall: study

As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up for millions of dollars in profit as prices rebounded, according to a report released on Wednesday.
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US industrial shares up on strong manufacturing data

NEW YORK - Strong economic data on the manufacturing sector helped boost U.S. industrial shares in early trading on Tuesday, amid optimism the sector's earnings bottomed out in the second quarter and are set to improve.
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Morgan Stanley hires ex-Citi trader Evans - WSJ

Morgan Stanley (MS.N), Looking to fortify its equity trading business in Europe, has hired Richard Evans, a former top trader with Citigroup Inc (C.N), as head of strategy in the region, the Wall Street Journal said on Thursday.
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Morgan Stanley plans hiring spree: source

Morgan Stanley is planning to hire as many as 400 traders and salespeople, a hiring spree that comes as the firm tries to dig its way out of three straight quarters of losses.
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Banks switch one flawed pay system for another

Banks are lowering bonuses to defuse popular outrage, but by curtailing employee incentives, compensation experts say the banks and the U.S. government are failing to fix practices that led to the financial crisis.
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Emdeon shares jump in debut

Emdeon Inc shares started trading for $17.75 in their debut on Wednesday following their initial public offering, and rose to as much as $18.24.
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Fortinet files for $100 mln IPO

Network security provider Fortinet Inc filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock.
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Jobless claims point to stabilizing labor market

The number of U.S. workers filing new claims for jobless benefits fell sharply last week, a government report showed on Thursday, boosting views the labor market and the economy were stabilizing.

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