Morgan Stanley News

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.

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.

Former Citigroup Inc. Chief Executive Officer Vikram Pandit is buying a stake in India's JM Financial Ltd.

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.

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 AG said on Wednesday it has named Jerry Miller to run the German bank's asset and wealth management business in the Americas.

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.

Morgan Stanley shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.

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.

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.

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 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, 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.

Dave brings 20 years of business leadership experience within the wealth management industry to his role at Lenox.

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 has overhauled its trading infrastructure for U.S. equities to keep pace with a marketplace in which millionths of a second count.

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.

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.

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.

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.