Mar 14, 2013 18:06 EDT
The Federal Reserve on Thursday cited weaknesses in the capital programs of top banks Goldman Sachs and JPMorgan Chase, raising questions about their plans for dividends and share buybacks to reward investors.
Mar 13, 2013 22:51 EDT
Locked in a fierce battle in the smartphone market, South Korean giant Samsung unveils its latest device aimed at challenging Apple in its home market.
Mar 01, 2013 15:08 EST
An unlikely coalition grouping the Obama administration, major corporations, Republican lawmakers and Clint Eastwood has found common cause in urging the US Supreme Court to legalize gay marriage.
Feb 28, 2013 17:46 EST
Hopes were high in late 2011 when J.C. Penney tapped the man behind Apple's sleek retail operation to lead the 111-year-old department store chain.
Feb 28, 2013 17:29 EST
Groupon said Thursday it was replacing chief executive Andrew Mason, who said he was "fired," following the struggling daily deals firm's share price plunge of 24 percent after bad quarterly results.
Feb 14, 2013 10:06 EST
A US federal judge on Wednesday tossed out claims by some Facebook shareholders that the social network wasn't candid enough about risks faced by the company when it made its stock market debut.
Feb 04, 2013 11:03 EST
Wikipedia is aiming to use mobile phones to reach a billion people by 2015, a senior executive has said, doubling the present number.
Jan 19, 2013 13:40 EST
Earnings released in recent days by leading banks and other large financial institutions might be thought of as the good, the bad and the ugly.
Jan 18, 2013 19:34 EST
US markets turned in their third straight week of gains Friday with the S&P 500 and the Dow clawing up to their best closing levels in five years.
Jan 18, 2013 17:59 EST
The S&P 500 and the Dow hit their best levels since late 2007 on Friday, helped by news that Republicans might agree to raise the debt ceiling, but poor earnings from Intel pulled the Nasdaq lower.
Jan 18, 2013 07:27 EST
European share prices rose in London and Paris but fell in Frankfurt on Friday, as investors digested Chinese GDP data that beat expectations but marked the slowest growth rate for 13 years.
Jan 17, 2013 08:58 EST
European stocks diverged on Thursday with the mining sector hit after Rio Tinto announced a shock US$14-billion (10.5-billion-euro) write-down that sparked the resignation of its boss.
Jan 10, 2013 17:09 EST
US stocks scored solid gains Thursday after stronger-than-expected Chinese trade data boosted growth hopes for the world's second-biggest economy.
Jan 09, 2013 12:32 EST
US bank Morgan Stanley is planning to eliminate 1,600 jobs in its institutional securities business in the coming weeks, a person close to the situation said Wednesday.
Jan 07, 2013 16:50 EST
US stocks closed lower Monday amid profit taking from last week's rally and caution on the eve of the start of corporate earnings season.
Dec 17, 2012 16:26 EST
Morgan Stanley agreed Monday to pay a $5 million fine to settle charges that it improperly handled crucial information on Facebook's earnings ahead of the company's disastrous IPO.
Nov 23, 2012 01:12 EST
Asia may be driving growth in the world economy but a Japanese businesswoman behind an innovative new school believes the region is over-reliant on Western-style leadership.
Nov 14, 2012 13:28 EST
Mitsubishi UFJ, Japan's biggest bank, and Mizuho Financial Group on Wednesday reported double-digit tumbles in first-half net profit, due partly to declines in their stock holdings.
Nov 11, 2012 19:00 EST
The Out on the Street conference of Wall Street leaders which first met in 2011 is holding its first European event. The Out on the Street conference of Wall Street leaders which first met in 2011 is holding its first European event. Out on the Street: Europe will take place in London on Tuesday, November 13. Out on the Street member organizations include Bank of America Merrill Lynch, Barclays, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, KKR, KPMG, Morgan Stanley and UBS. The one-day summit will focus on ?business opportunities and leadership strategies for and within the LBGT community,? organizers said. Secretary of State Hillary Clinton praised the group's work in a letter to attendees. ?The United States is committed to advancing the human rights of LGBT persons around the world, and through the Global Equality Fund that I launched on International Rights Day 2011, we are pursuing innovative models on collaborative, effective assistance to the LGBT community,? Cli
Nov 07, 2012 16:35 EST
President Barack Obama's re-election and the Senate victory of Elizabeth Warren, who is a fierce Democratic opponent of big banks and Wall Street, has sent shudders through the financial sector.
Facts from the Wikipedia page:
|Type||Public (NYSE: MS)|
|Headquarters||New York City, New York, United States|
|Key people||John J. Mack|
(Chairman) & (CEO)
|Revenue||▼ US$ 62.262 billion (2008)|
|Operating income||▲ US$ 2.287 billion (2008)|
|Net income||▼ US$ 1.707 billion (2008)|
|Total assets||▼ US$ 659.035 billion (2008)|
|Total equity||▲ US$ 50.831 billion (2008)|