16 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.
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
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.
5 Healthcare Stocks Loved By Healthcare-Focused Traxis Partners
Traxis Partners is a boutique hedge fund founded by former Morgan Stanley global strategist Barton Biggs , who passed away in July 2012.
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.
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.
Fri May 10, 2013
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.
Morgan Stanley Hires Collins for Investment-Banking Operations
Morgan Stanley re-hired John Collins, a mergers-and-acquisitions banker who left the firm three years ago to join Moelis & Co., for a newly created role as global operations officer for the investment-banking division.
The Washington Post
Copper Swings Between Gains and Drops Amid Stimulus Speculation
Copper swung between gains and drops in New York as investors weighed speculation central banks will take more steps to spur growth against indications of bets on a lower market.
Thu May 09, 2013
THL, Goldman to Buy CTI Foods
Thomas H. Lee Partners and an affiliate of Goldman, Sachs & Co. have agreed to buy CTI Foods.
Greenhill's Deal Savvy Makes Adviser a Target: Real M&A
Greenhill & Co. , the merger adviser GrainCorp Ltd. hired to consider Archer-Daniels-Midland Co.'s bid, is itself a potential target for firms looking to add banking expertise on optimism deal-making will resurge.