MORGAN STANLEY

Wall Street falls on global credit concerns

Stocks fell on Monday as savers demanded their money back from embattled British bank Northern Rock, adding to global credit concerns before an expected U.S. interest rate cut this week.

August retail sales disappoint

Retail sales and industrial output eked out smaller-than-expected gains in August, according to data on Friday that kept in place expectations the Federal Reserve will cut interest rates next week. The reports showed signs of economic softness but the picture was not uniformly bleak. A drop in gasoline prices helped curb the sales retail gain, but helped hold a gauge of consumer confidence steady in early September.

Japan faces economic headache from aging population

Faced with a shrinking labor force, companies in the world's fastest-aging society are looking to older people as well as younger women, immigrants and even robots to fill the gaps.

Global stocks hit by credit concerns

World stocks slipped and Wall Street looked set for a poor start on Wednesday as investors cut back on risky assets and sought safety to assess how recent market turmoil has affected the real economy.

More news

Yen retreats as carry trade regains favor

The yen fell and high-yielding currencies rose on Wednesday as growing expectations of a U.S. rate cut to ease tight liquidity conditions instilled a sense of calm and prompted investors to reenter risky carry trades.

Investors beginning to scent buying opportunities

With world stocks have fallen more than 7 percent in a month and some indexes down more than 10 percent from their highs, some market players are saying the time is near to buy.

JPMorgan India loses 4 senior executives to rival

Investment bank JPMorgan's India unit has lost four senior executives, the latest in a series of moves in the country's financial sector, where salaries have soared on the back of a booming stock market.

China to keep booming, Games or not

It will likely avoid the downturn after the Games seen in Seoul in '88, Barcelona in '92 and Athens in '04.

Countrywide profit down 33 pct

Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said quarterly profit slid 33 percent and slashed its full-year earnings outlook, hurt by rising defaults as the housing market slumps.

GE plans to sell WMC subprime lending unit: memo

General Electric Co. has decided to sell its WMC Mortgage subprime lending business, the lender told employees in a memo on Thursday.

Dollar sinks in U.S. subprime, credit quicksand

The dollar weakened broadly on Wednesday, striking a record low versus the euro and a 26-year trough against sterling as growing fears surrounding the U.S. subprime mortgage and credit sectors gripped financial markets.

Prudential to set up India fund venture

U.S life insurer Prudential Financial Inc. is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on Wednesday.

Morgan Stanley seeks stake in Taiwan's Chinatrust

Morgan Stanley has applied to buy up to 10 percent of Chinatrust, Taiwan's largest credit card issuer, local media reported on Monday.

India market boom makes analysts scarce, costly

Indian fund managers and brokerages face a severe shortage of analysts as talent is snapped up by big-spending foreign firms lured by a four-year bull run in the local stock market.

Blackstone up 13 percent in NYSE debut

Blackstone Group LP (NYSE: BX) units rose 13 percent in their first day of trading on Friday, as the first major U.S. private-equity firm went public and minted billions of dollars of new wealth for its founders.

Blackstone IPO raises $4.13 bln

Blackstone Group LP, the largest private equity firm to go public, said on Thursday it raised $4.13 billion in an initial public offering priced at the top of a forecast range in the biggest U.S. IPO in five years.

Morgan Stanley raises $8 bln global real estate fund

Morgan Stanley, a top Wall Street firm, has raised an $8 billion real estate fund through its property arm to focus on North America, Europe, the Middle East and Asia.

Morgan Stanley profit beats estimates

Morgan Stanley on Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as most of its trading and investment-banking businesses achieved record results.

Lehman Brothers rising as banking power: Barron's

Lehman Brothers's lagging stock price offers the chance to buy into a rising power as it seeks to join the company of larger investment banks like Goldman Sachs and Morgan Stanley, Barron's reported in its June 18 edition.

China's CITIC Securities has lofty IPO hopes

Should China's CITIC Securities command a valuation four times that of Goldman Sachs?

Bonds rebound, yields still near 5-yr peak

Government bond prices rebounded on Wednesday on short-covering, but benchmark yields stayed near five-year highs as strong economic data raised the prospect that the Federal Reserve may increase interest rates.

Morgan Stanley Shares Jump as Firm Beats Expectations

Wall Street giant Morgan Stanley (NYSE: MS) reported record profit and revenue for its first quarter on Wednesday, with net income rising more than 60 percent from the previous quarter, giving the firm's shares a nearly 7 percent boost for the day.

Tech Stocks: Intel, IBM Rise as Yahoo Sinks

Technology stocks rose in Tuesday noon trading, as industry titans Intel Corp. (INTC) and International Business Machines Corp. (IBM) lead the way with better than expected quarterly earnings.

E-mail leakage lead Andy Xie's resignation

Morgan Stanley Asian director and general manager Andy Xie suddenly refered a resignation......

Great Portland in talks to buy London Merchant

Great Portland Estates said it was in talks to buy London Merchant Securities, which would form the country's sixth biggest listed property company with a speciality in office property.

Morgan Stanley buys Nantong Bank

US investment bank Morgan Stanley announced yestoday it has acquired the Zhuhai Nantong Bank owned by Macau branch of Bank of China.

Pages

Promoted in Medicine

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Editor's pick