5:43am ET
Banking, finance, and taxes
Citigroup (C) Goes Begging For CEO
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There…
Companies
/Financial Services
Morgan Stanley
$214.77
▼ $0.09 (−0.04%) today
Markets closed · 10:13am ET
MS Coverage
Page 646:10am ET
Investing
Lennar (LEN) Sells Some Valuable Real Estate
It is never good news when a home-builder sells a big portion of its real estate. Lennar (LEN) sold 11,000 home sites for $525 million. A company controlled by Morgan Stanley (MS)…
12:09pm ET
Investing
CEOs Who Need To Return To Business School
Looking around the wreckage of some of the big cap companies it is not hard to find a few CEOs who probably need to go back to business school. Wall St. would…
4:21am ET
Media
Media Digest 11/30/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Fed chief Bernanke said the resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy. Reuters writes that Dell’s (DELL) profit rose but if…
6:58am ET
Investing
A Bad Year On Wall St.? Almost $40 Billion In Bonus Money Says Otherwise
Just think about it. Stocks with multi-billion market caps down 40% this year. Merrill (MER) and Bear Stearns (BSC) are down about that much. Lehman (LEH) is down 20% and Morgan Stanley…
4:10am ET
Media
Media Digest 11/8/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Morgan Stanley (MS) has suffered a $3.7 billion loss from its mortgage portfolio, Reuters writes that shares in Cisco (CSCO) were driven down on concerns that orders from the…
6:04pm ET
Banking, finance, and taxes
Morgan Stanley (MS) Says Write-Offs Are Huge
Morgan Stanley sees $6 billion in potential losses from subprime. The company said it held $12.3 billion in Q3 U.S. subprime exposure, according to MarketWatch. Douglas A. McIntyre
Douglas A. McIntyre 6:26am ET
Economy
A Perfect Storm For Recession Appears
The term "perfect storm" is overused by writers who have no other way to describe a disaster. Leaving that aside, the news from the last day would appear to indicate that a…
4:11am ET
Media
Media Digest 11/7/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts. Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3 Reuters reports that…
3:22am ET
Media
Media Digest 10/18/2007 Reuters, WSJ, NYTimes, FT,Barron’s
Accoriding to Reuters, Sony (SNE) will launch a cheaper version of its PS3 in the US in hopes of taking market share from Microsoft (MSFT) and Nintendo. Reuters writes that British Air…
4:43am ET
Banking, finance, and taxes
China Citic Bank Wants A Share in Bear Stearns (BSC)
Chinese officials confirmed and several media outlets reported that China’s Citic Bank would like to buy a piece of Bear Stearns (BSC). Members of Congress will likely mount their soap boxes and…
4:51am ET
Banking, finance, and taxes
Why Citi (C) Can’t Fire Chuck Prince
Citigroup CEO-for-life Chuck Prince engineered another major reorganization of his senior management group. This time the reason was all of the mortgage and fixed income losses the bank had. The ones that…
3:20am ET
Media
Media Digest 10/11/2007 Reuters,WSJ, NYTimes, FT, Barron’s
According to Reuters, several retailers cut holiday forecasts and the economy slows. Reuters writes that Chrysler has reached an accord with the UAW. Reuters reports that Boeing (BA) has delayed delivery of…
10:17am ET
Investing
NYSE Month End Short For September Month’s End
Below are the major changes in short interest in NYSE listed companies comparing the figures on September 28 with those on September 14. Largest Short Positions Company …
5:57am ET
Investing
M&A Falls 43% In Q3
There was some hope that as mortgage problems and hedge fund headaches took down shares and earnings of investment banks like Lehman (LEH) and Morgan Stanley (MS) that global M&A fees would…