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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 »

Peso is ‘top pick’ of Morgan Stanley

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International financial services firm Morgan Stanley has selected the peso as its latest “top pick” currency, citing the favorable economic conditions and significant dollar liquidity of the Philippines.

Posted: July 11th, 2012 in Editor's Pick,Headlines | Read More »

US stocks drop on mixed news on profits, economy

A slew of US companies announced big profits Thursday, but investors spooked about the economy sold stocks anyway.

Posted: April 20th, 2012 in Latest Business Stories | Read More »

Morgan Stanley warns of US, EU recession

NEW YORK—Morgan Stanley said Thursday that the United States and Europe are dangerously close to recession, blaming in part policy errors by authorities on both sides of the Atlantic. The investment bank said a slow European response to the eurozone’s mounting sovereign debt problems and the US political battle over raising its debt ceiling had [...]

Posted: August 18th, 2011 in Latest Business Stories | Read More »

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