morgan stanley

Stocks come back from huge losses

admin — Fri, 10 Oct 2008 17:30:00 -0500

In one of the wildest days of trading ever, the Dow finishes with a 128-point loss -- after falling nearly 700 points at the open. President Bush pledges action to 'resolve this crisis.' Markets around the world tank as fears persist. GE's results are in line with lowered forecast. Morgan Stanley plunges again.

Markets plunge as panic continues

admin — Wed, 08 Oct 2008 07:00:00 -0500

Central banks around the world coordinate rate cut.Markets in Asia and Europe in rout.Mitsubishi committed to Morgan Stanley deal.

Bailout blues: Dow off 373; oil up 16%

admin — Mon, 22 Sep 2008 19:55:00 -0500

Gains from last week's big rally are cut nearly in half with today's sell-off. Crude oil jumps above $120 for the first time since Aug. 21. Economic worries hit tech stocks. Goldman Sachs and Morgan Stanley morph into banks. Microsoft will buy back $40 billion worth of stock.

Last 2 investment banks throw in towel

admin — Mon, 22 Sep 2008 18:33:03 -0500

Goldman Sachs and Morgan Stanley have become bank holding companies, which means they will now face more government regulation. They won't be able to take as many risks, and they'll make less money, too. Jeremy Hobson reports.

Fed moves to boost liquidity

admin — Thu, 18 Sep 2008 12:55:00 -0500

The Federal Reserve teams up with the Bank of Japan, the Bank of England and others to add cash to the financial system. Morgan Stanley and Washington Mutual are reportedly looking for buyers. Gold soars again.

Dow up 142; Fed leaves rates alone

admin — Tue, 16 Sep 2008 17:25:00 -0500

The central bank concedes the economy is soft and bears watching. Stocks fall, then rebound quickly, led by gains in financial stocks. Morgan Stanley earnings are better than expected. Efforts continue to save troubled insurance giant AIG. Crude oil briefly falls below $91.

More hot water for financials

admin — Tue, 12 Aug 2008 08:30:00 -0500

UBS reports a second-quarter loss and will make its businesses more autonomous. JPMorgan Chase writes down $1.5 billion. And Morgan Stanley's debt gets downgraded.

Paulson taps Morgan Stanley for Freddie, Fannie advice

admin — Tue, 05 Aug 2008 17:46:20 -0500

The Treasury Department retained Wall Street's Morgan Stanley on Tuesday to advise it on its new authority to prop up troubled mortgage financiers Fannie Mae and Freddie Mac.

Morgan Stanley adds to litany of losses

admin — Wed, 18 Jun 2008 18:18:07 -0500

Morgan Stanley is the latest investment bank to report big earnings losses. Host Bob Moon asks Standard & Poor's Chief Economist David Wyss what its news means for the economy.

FedEx, Northwest deliver bad news

admin — Wed, 18 Jun 2008 11:45:00 -0500

Surging fuel costs slam FedEx earnings and force Northwest and United to make cuts. Southwest's hedges on oil prices pay off. Morgan Stanley profit plummets.