14 hrs ago
Morgan Stanley sued in 'pay-to-play' retirement plan case
Morgan Stanley has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING U.S. Inc and others in exchange for extra fees in an illegal "pay-to-play" scheme.
CFO says GM streamlining is 'on its way'
As a banking adviser to General Motors when he was at Morgan Stanley, Dan Ammann got an upfront view of GM's spiral into bankruptcy in 2009 and subsequent restructuring.
Fri May 17, 2013
The Washington Post
Pandit Takes Stake in India's JM Financial With Lead Role
Former Citigroup Inc. Chief Executive Officer Vikram Pandit is buying a stake in India's JM Financial Ltd.
Wed May 15, 2013
The Washington Post
Loeb's Third Point Exits Morgan Stanley Stake After Rally
Third Point LLC, the hedge-fund firm led by Daniel Loeb, exited its position in Morgan Stanley in the first quarter after the shares rallied.
Equity investment company J C Flowers has added to its Kent...
Cabot Credit Management, based in Kings Hill, West Malling, to being acquired by the business founded in 1998 by New York-based Christopher Flowers.
Deutsche Bank names head of wealth in Americas
Deutsche Bank AG said on Wednesday it has named Jerry Miller to run the German bank's asset and wealth management business in the Americas.
Morgan Stanley Share Target Lifted by Mayo on CEO's Plan
Michael Mayo , an analyst at CLSA Ltd., raised his share-price estimate on Morgan Stanley to $36 after Chief Executive Officer James Gorman said the firm may reach his profitability target next year.
Tue May 14, 2013
Morgan Stanley Shareholders Vote Yes on Executive Compensation Plan
Morgan Stanley shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.
Morgan Stanley shareholders OK compensation plan
At the New York company's annual shareholder meeting in Purchase, N.Y., Tuesday, 86.2% of stockholders backed the proposal, down from 94.8% a year earlier.
Bank of America tops Dow gainers
Chief Executive James Gorman said he hopes the company will deliver its return-on-equity Goals By 2014 to shareholders at the annual meeting in Purchase, New York.
Mon May 13, 2013
Houston Light Crude Discounts Widening on Shipping Constraints
Light, sweet crude in Houston has weakened to a bigger discount to oil in Louisiana and to international benchmark Brent because of shipping constraints.
Asian Stocks Gain as U.S. Retail Sales Unexpectedly Rise
Asian stocks rose, with the regional benchmark index heading for a second day of gains, as retail sales in the U.S. unexpectedly increased last month, boosting the earnings outlook for the region's exporters.
Petrobras Said to Plan Six-Tranche Sale of Dollar Bonds Overseas
Petrobras, as the state-run oil producer is known, is seeking to sell fixed-rate bonds due in three, five, 10 and 30 years as well as three- and five-year floating-rate bonds, according to a person familiar with the offering.
Lenox Advisors, Inc. Names Dave Schrohe New Executive Vice President
Dave brings 20 years of business leadership experience within the wealth management industry to his role at Lenox.
The Washington Post
WTI Drops a Third Day as OPEC Boosts Output to Five-Month High
West Texas Intermediate crude fell for a third day, the longest run of declines in four weeks, as OPEC boosted output to the highest level in five months.
Morgan Stanley Cuts Microseconds from Trading Systems
Morgan Stanley has overhauled its trading infrastructure for U.S. equities to keep pace with a marketplace in which millionths of a second count.
Crude Shipments Seen at Six-Month High as OPEC Output Expands
Crude-oil shipments jumped to a six-month high as Asian demand will probably lead the Organization of Petroleum Exporting Countries to expand output, according to Morgan Stanley.
Sun May 12, 2013
Bond Sales to Fall First Time Since 2010 as U.S. Deficit Narrows
Wall Street's biggest bond dealers are starting to forecast that the U.S. Treasury will reduce the size of its debt auctions in coming months for the first time in three years as government revenue soars.
Fri May 10, 2013
BNY Mellon Announces Pricing of Public Offering of $500 Million of...
Credit Suisse Securities LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., UBS Securities LLC and BNY Mellon Capital Markets, LLC served as joint book-running managers for the offering; Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co.
Morgan Stanley: Financial Winner
With a very strong U.S. dollar, the spot price for gold for June Delivery at the COMEX division of the CME fell by $32, or 2.2%, settling at $1,436.60 an ounce.