Friday | On Wall Street
UBS Ups Compensation to Advisors
UBS is taking steps to reduce the impact of the so-called breakaway broker craze on its business.
Friday | Los Angeles Times
Financing woes are all too reel for Hollywood studios
The collapse of Paramount Pictures' $450-million film financing deal underscores how dramatically the global credit crunch is prompting weary investors and several industry-friendly banks to shy away from a ...
Commodities Stocks Are a `Sell', Merrill, Morgan Stanley Strategists Say
Investors should sell commodities stocks because a slowing global economy will cut demand for raw materials such as copper, nickel and corn, according to strategists at Merrill Lynch & Co.
Analyst calls for Lehman Brothers to go private; financial stocks fall on credit worries
NEW YORK : Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings Inc.
Public relations, press release distribution, investor relations, SEC filing
The American Association of Port Authorities today praised Congress for passing H.R. 802, the Maritime Pollution Prevention Act, which will now be - BIRMINGHAM, Ala.-- --Medical Properties Trust, Inc.
Dow Chemical to buy Rohm and Haas for $19B
Dow Chemical Co. has agreed to buy Rohm and Haas Co. in an $18.8 billion deal. Dow said Rohm will keep its Philadelphia headquarters and will continue to operate under the Rohm and Haas name, and that Dow will ...
Citigroup Looking for Exit from Texas
Four years after entering Texas with its purchase of First American Bank in Bryan, Citigroup Inc.
Cook County hires firm employing Daley nephew
The Chicago Sun-Times reports: Morgan Stanley, the New York financial giant that employs one of Mayor Daley's nephews, has been picked to help the Cook County Board borrow $150 million to get by until the ...
Auction rate securities scandal yields its first criminal probe
Posted Jul 9th 2008 11:06AM by Peter Cohan Filed under: Scandals , Morgan Stanley The Wall Street Journal reports that the $330 billion auction rate securities scandal, which since February has frozen the funds ...
Public relations, press release distribution, investor relations, SEC filing
Morgan Stanley California Insured Municipal Income Trust today declared monthly income dividends of $.055 per share from tax-free income.
Crisis wipes $1 tril from financial stocks
Banks and brokerages began the week lower on the same fears that have been proven toxic since last summer in the ongoing credit crisis.
TIPS Flunk Inflation Test as Gasoline, Groceries Overtake Government's CPI
Treasury Inflation Protected Securities aren't living up to their name for bond investors who say they can't trust the way the U.S. government calculates the rising cost of consumer goods.
Financial Stocks: Merrill, Morgan Stanley worries weigh on banking sector
Financial stocks slipped lower in midday trade Monday, after renewed concerns about investment banks Merrill Lynch & Co.
Lehman's Fuld, McDade Will Forgo 2008 Bonuses as Losses Expand, People Say
Lehman Brothers Holdings Inc. Chief Executive Officer Richard Fuld and President Herbert ``Bart'' McDade will forgo 2008 bonuses, the biggest chunk of their pay, after the fourth-largest U.S. securities firm ...
Morgan Stanley to raise some $900 million via MSCI stake sale
In a move that would raise about $900 million, Morgan Stanley plans to sell about half of its ownership interest in index provider and investment-research firm MSCI Inc., the companies said Wednesday.
Lehman higher after market close following rumor-filled trading session
Lehman Brothers Holdings Inc. rose in after-market trading after Morgan Stanley initiated coverage on the company and rated the stock at "overweight" June 30, CNBC said after the close of trading.
The credit crisis has caused Wachovia no end of grief. As Warren Buffett would say, this commercial banking stalwart was one of the many companies left swimming naked when the tide went out.
Fidelity names former Morgan exec CIO
Fidelity Investments of Boston today named Daniel Petrozzo chief information officer.
U.S. Manufacturing Unexpectedly Grows; Prices Rise to Highest in 29 Years
U.S. manufacturing grew in June and a measure of prices jumped to a 29-year high, underscoring the Federal Reserve's concern that economic growth will be accompanied by faster inflation.
Hong Kong gets commodities exchange
Revealed at a press conference yesterday, the HKMEx is expected to start trading its inaugural fuel oil contract in the first quarter 2009.