Morgan Stanley News

Nearly a year ago, James Gorman sat in a chair on his firm's trading floor, clipped on a microphone and stared into a camera.

Former Citigroup Inc. Chief Executive Officer Vikram Pandit is buying a stake in India's JM Financial Ltd.

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Good morning everyone. I believe its 9 o'clock, so we can begin and this is being webcast, so that's why we were delaying a couple of minutes.

Third Point LLC, the hedge-fund firm led by Daniel Loeb, exited its position in Morgan Stanley in the first quarter after the shares rallied.

Cabot Credit Management, based in Kings Hill, West Malling, to being acquired by the business founded in 1998 by New York-based Christopher Flowers.

Deutsche Bank AG said on Wednesday it has named Jerry Miller to run the German bank's asset and wealth management business in the Americas.

Michael Mayo , an analyst at CLSA Ltd., raised his share-price estimate on Morgan Stanley to $36 after Chief Executive Officer James Gorman said the firm may reach his profitability target next year.

Morgan Stanley shareholders backed the bank's executive-compensation package after the board cut Chief Executive Officer James Gorman's pay by 7 percent and deferred bonuses for top managers.

Morgan Stanley shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.

At the New York company's annual shareholder meeting in Purchase, N.Y., Tuesday, 86.2% of stockholders backed the proposal, down from 94.8% a year earlier.

Chief Executive James Gorman said he hopes the company will deliver its return-on-equity Goals By 2014 to shareholders at the annual meeting in Purchase, New York.

Light, sweet crude in Houston has weakened to a bigger discount to oil in Louisiana and to international benchmark Brent because of shipping constraints.

Asian stocks rose, with the regional benchmark index heading for a second day of gains, as retail sales in the U.S. unexpectedly increased last month, boosting the earnings outlook for the region's exporters.

Petrobras, as the state-run oil producer is known, is seeking to sell fixed-rate bonds due in three, five, 10 and 30 years as well as three- and five-year floating-rate bonds, according to a person familiar with the offering.

Dave brings 20 years of business leadership experience within the wealth management industry to his role at Lenox.

West Texas Intermediate crude fell for a third day, the longest run of declines in four weeks, as OPEC boosted output to the highest level in five months.

Morgan Stanley has overhauled its trading infrastructure for U.S. equities to keep pace with a marketplace in which millionths of a second count.

Crude-oil shipments jumped to a six-month high as Asian demand will probably lead the Organization of Petroleum Exporting Countries to expand output, according to Morgan Stanley.

A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. America's biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail.