MORGAN STANLEY

Federal Reserve chairman, Ben Bernanke spoke Wednesday for a second day of testimony on the Fed's semiannual monetary policy report. Bernanke tried to assure members of congress that the economy was on the mend and that tackling the rising unemployment rate is one of the most difficult and challenging parts of our task at this point. The overall economic situation remains very poor, he said. The Fed expects the recovery to start off very slow and pick up speed over time, he said.

Morgan Stanley on Wednesday reported a third straight quarterly loss, falling further behind chief rival Goldman Sachs as fixed income and asset management results disappointed.

(Corrects revenues figures in 4th paragraph)

Investment bank Morgan Stanley has raised its forecast for China's 2009 GDP growth to 9% from the previous 7% and its 2010 GDP growth forecast to 10% from the previous 8%, Chinaknowledge reported on Tuesday, citing a new report of the bank.

Relevant sources from Morgan Stanley &Co confirmed that C.N. Liu, managing director and head of corporate finance department in Hong Kong, have dismissed Morgan Stanley early in July.

Morgan Stanley shook up its fixed-income trading leadership, two days before the Wall Street bank is expected to announce a second-quarter loss.

The Federal Reserve Bank of New York has guaranteed Morgan Stanley a global coordinator's role in any initial public offering (IPO) of American International Group units, documents made public on the New York Fed website show.

Citigroup Inc , one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.

It took a child to stump the creators of the Blackberry, one of the world's top selling smartphones and a part of most executives' attire.

Japan's Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis has created room for new players to serve hedge funds, a senior executive said on Monday.

Wilmar International, the world's largest listed palm oil company, has hired three banks to handle what sources say could be a $3 billion flotation of its China business.

Microsoft has hired Morgan Stanley to sell Razorfish, its digital agency, and French marketing company Publicis Groupe SA is thought to be a possible bidder, the Financial Times said on its website late Sunday.Microsoft acquired the agency, formerly called Avenue A Razorfish, as part of its $6 billion takeover of aQuantive in 2007.The report cited an analyst valuing Razorfish at $600...

Dealmakers saw business pick up again in the second quarter as they helped companies raise cash in capital markets, but lucrative mergers and acquisitions (M&A) languished.

Stocks rose broadly on Wednesday as surprisingly strong durable goods orders and quarterly results from software maker Oracle reinforced the belief the economy was stabilizing.

The Federal Reserve is expected to emphasize the U.S. economy's fragile state in a policy statement on Wednesday as it talks down expectations for a rate hike this year and holds fire on expanding asset purchases.

A major union this week called on Morgan Stanley to reverse recent salary hikes for senior executives and other top earners, the Wall Street Journal said citing a letter from the union.

Oracle Corp's quarterly earnings beat market expectations as profit margins hit a record high and software sales fell less than anticipated, sending its shares up 2.5 percent.

With apartments piling up on the market in Manhattan, isn't this the time to snap up the real estate equivalent of buying Champagne on a beer budget?

JPMorgan Chase & Co said it expects to record a $1.1 billion charge in its second-quarter results after returning $25 billion in taxpayer funds to the U.S. government.

Chief executives of some banks that received federal money, including Bank of America Corp, Morgan Stanley and Regions Financial Corp, used company jets for their personal use, the Wall Street Journal reported on its website.

Bailed out U.S. insurer American International Group has chosen Deutsche Bank and Morgan Stanley as joint global coordinators for the more than $4 billion IPO of its Asian life insurance unit, banking sources said on Thursday.