6:21am ET
Energy
The Problem with Gas Prices
Fifteen months ago, the price of a gallon of regular gas was well below $3 a gallon, according to AAA data. It came close to the $4 level six months ago, but…
Companies
/Financial Services
Morgan Stanley
$202.58
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Markets closed · 2:44am ET
MS Coverage
Page 35
10:30am ET
Banking, finance, and taxes
J.P. Morgan Preview, Huge Bank Sector Book Value Discounts On Deck (JPM, WFC, BAC, C, STT, BK, MS, GS, AXP, COF, FAS)
J.P. Morgan Chase & Co. (NYSE: JPM) is about to report earnings Friday morning as the first bank and second DJIA component kicking off earnings season. We wanted to make a preview…
12:57pm ET
Investing
KBW Lowered Bank Earnings Expectations (BAC, C, GS, JPM, MS)
If there is a banking and financial boutique that investors pay attention to, it is Keefe Bruyette & Woods. The firm is out with a note trimming fourth quarter bank earnings, handily cutting estimates in…
12:49pm ET
Investing
Swiss Oil Refiner Shutters Three Plants (MS, CS, DB)
Swiss crude oil refiner Petroplus has temporarily halted operations at three of its five European refineries after the company’s banks refused to extend the $1 billion credit facility Petroplus uses to buy…
5:53am ET
Media
Media Digest (12/30/2011) Reuters, WSJ, NYT, FT, Bloomberg
A letter regarding former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd’s behavior which caused his dismissal was ordered to be released by a Delaware court (Reuters) The US sold Saudi Arabia 84 F-15 fighters…
6:28am ET
Media
Media Digest (12/29/2011) Reuters, WSJ, NYT, FT, Bloomberg
Alibaba hires a Washington lobbying firm in case it decides to bid for all of Yahoo! (NASDAQ: YHOO). (Reuters) Italian yields may fall because of European Central Bank injections of long-term funds…
2:34pm ET
Banking, finance, and taxes
Federal Reserve Issues Draft Dodd-Frank Compliance Rules (GS, MS, BAC, JPM, C, WFC)
The US Federal Reserve has issued proposed regulations that would put additional requirements on large US banks. The banks sure to be affected by the new rules include Goldman Sachs Group Inc.…
1:10pm ET
Investing
Bank of America Falls to $5/share (BAC, JPM, GS, MS, WFC)
Shares of Bank of America Corp. (NYSE: BAC) posted a new 52-week low today at $5/share. BofA isn’t the only loser in the financial sector — JPMorgan Chase & Co. (NYSE: JPM),…
6:28am ET
Investing
What’s Important in the Financial World (12/16/2011) RIM’s Best Chance, Zynga IPO
International Monetary Fund chief Christine Lagarde said that if the eurozone crisis in not solved, the global economy could be damaged nearly beyond belief. She reasons that the sovereign debt crisis cannot be contained.…
6:27am ET
Media
Media Digest (12/16/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
6:24am ET
Media
Media Digest (12/14/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
A CME (NASDAQ: CME) executive says Jon Corzine knew about money that MF Global transferred to European accounts. (Reuters) Accounting problems at Olympus may make it a takeover target. (Reuters) Italian bond yields hit…
9:17am ET
Energy
Inergy Midstream Prices IPO (NRGY, MS, BAC, JPM)
Inergy Midstream L.P. has indicated its IPO price range as being $19-$21/common unit and will offer 16 million units when the company goes public. It will trade on the NYSE under the…
6:22am ET
Media
Media Digest (12/2/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Auto sales reach a two-year high. (Reuters) Tom Glocer, the head of Thomson Reuters (NYSE: TRI), resigns and will be replaced by the COO. (Reuters) The intellectual property battle between Apple (NASDAQ:…
9:51am ET
Investing
Stocks Soar On ADP, Some Major Companies Up Over 5% (BAC, C, MSFT)
New from ADP that the private sector added 206,000 jobs this month helped push stocks higher. The three major exchanges–DJIA, NASDAQ, and S&P 500 were up nearly 3% Some stock of major…
4:54pm ET
Banking, finance, and taxes
S&P Downgrades All Major Banks, Criteria Changes (WFC, BAC, C, JPM, BK, STT, GS, MS)
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at…