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Morgan Stanley’s profit surges, stock soars

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In this Wednesday, Oct. 10, 2012 photo, people pass Morgan Stanley's headquarters in New York. Morgan Stanley says it swung to a profit in the fourth quarter. Shares jumped in pre-market trading, Friday, Jan. 18, 2013. AP FILE PHOTO

Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.

Posted: January 19th, 2013 in Latest Business Stories | Read More »

Mortgage applications boost Wells Fargo results

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In this May 6, 2012, photo, a Wells Fargo sign is displayed at a branch in New York. Wells Fargo is reporting higher earnings for the second quarter thanks to a pickup in lending and a decline in the amount of bad loans, according to reports Friday, July 13, 2012. (AP Photo/CX Matiash)

Wells Fargo reported higher earnings, higher revenue, and a record number of mortgage applications on Friday.

Posted: July 14th, 2012 in Latest Business Stories | Read More »

As US slows, P&G turns to developing markets

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Emerging markets are playing a bigger role in Procter & Gamble Co.’s growth in another sign that US companies are courting new customers overseas as American shoppers get tapped out.

Posted: February 2nd, 2012 in Latest Business Stories | Read More »

Dunkin’ gets warm response from new investors

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COMMERCIAL IMAGE. In this photograph taken by AP Images for Dunkin' Brands, Dunkin' Brands CEO and Dunkin' Donuts President Nigel Travis celebrates the Dunkin' Brands Group Inc.'s IPO with a freshly brewed cup of Dunkin' Donuts coffee at the NASDAQ stock exchange Wednesday, July 27, 2011 in New York. The NASDAQ logo was changed for the first time in history, incorporating the trademark double D's from the Dunkin' Donuts logo.  Gary He/AP Images for Dunkin' Brands

NEW YORK — Shares of Dunkin’ Brands Group Inc. soared nearly 47 percent on Wednesday, their first day of trading, feeding the demand of investors looking to trade in coffee and doughnuts. Dunkin’ Brands shares began trading on the Nasdaq under the symbol DNKN, opening Wednesday morning at almost $25. Shares closed at $27.85, up […]

Posted: July 28th, 2011 in Latest Business Stories | Read More »

Goldman Sachs subpoenaed

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NEW YORK— Goldman Sachs Group Inc. was subpoenaed by the Manhattan District Attorney’s office over the investment bank’s activities leading up to the financial crisis, a person familiar with the matter told The Associated Press. Shares of Goldman fell nearly 2 percent to $133.88 a share after Bloomberg News reported earlier Thursday that the bank […]

Posted: June 3rd, 2011 in Latest Business Stories | Read More »

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