It seems Morgan Stanley is serious about eco-friendliness and conservation. Here's their little green book which I think is a valiant effort at energy conservation. I think every one of us can...
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The dollar's recent declines against the other major currencies are set to reach the final whistle and greenback sellers will have to retreat to the sidelines, David Darst, chief investment strategist of Morgan Stanley Global Wealth Management Group told CNBC Tuesday."In a soccer match of 90 minutes, we think we are in the 80th minute of decline of the dollar against most of the major currencies
NEW YORK (MarketWatch) — Ladenburg Thalmann on Monday cut its 2008 and 2009
profit estimates for Morgan Stanley on worries that management turmoil and a dip
in equity markets will affect the bank’s bottom line. Analyst Dick Bove trimmed
his 2008 estimate for the bank to $4.34 a share from $4.80 a share, and for 2009
to $5.14 a [...]
Ok. So it seems that shorting MS was a good decision. Now the price is 37,01, so I made almost 5% on this company so far. However my target is at least 20%, so it seems there is some way to go...Today's news are pretty gloomy... Economic revival will not come too quickly. As you remember I was thinking about shorting car makers last week. Today some more news appeared that convinced me to such a m
I’m sure that everyone remembers the number of people lining up for iPhones last year, and the concern over supply versus demand. Can we expect a similar demand for the new iPhone 3G? Morgan Stanley says that it’s going to be even bigger this time around.
It’s pretty obvious why there will be a bigger demand [...]
UPDATE:Morgan Stanley Earnings Reignite Financial Firm Fears
Last Update: 6/18/2008 12:40:41 PM
(Updates with additional investor comment and fresh CDS and CDX levels)
By Kate Haywood
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–The cost of debt protection for Morgan Stanley (MS) moved
wider Wednesday after the investment bank unveiled a 60% slump in second-quarter
profit, reaffirming fears a
From Reuters:Morgan Stanley on Wednesday said quarterly earnings plunged 56 percent on trading losses and slowdown in investment banking, despite $1.43 billion of pretax gains from asset sales. The second-largest U.S. investment bank reported income from continuing operations of $1.03 billion, or 95 cents a share, for its fiscal second quarter, ended May 30, down from $2.36 billion, or $2.45
Morgan Stanley’s quarterly profit off 60%
By Greg Morcroft, MarketWatch
Last Update: 6/18/2008 8:57:00 AM
NEW YORK (MarketWatch) — Morgan Stanley, the third U.S. investment bank to
report financial results this week, said Wednesday second-quarter profit fell 60%
as continued weakness in key businesses reflected the ongoing credit crunch as
well as the falling real-estate market.
The co
The difference here between Morgan and Citi (C), Lehman (LEH) and Merrill (MER) is that CEO John Mack has not been running his mouth around town telling everyone "all is well".
“Given the turbulent environment this quarter, we stayed close to shore and continued strengthening the Firm’s capital and liquidity positions,” John J. Mack, Morgan Stanley’s chairman and chief executive, said i
NEW YORK (MarketWatch) — Morgan Stanley , the wall Street brokerage firm, said
Wednesday its second quarter profit fell 60% to $1.03 billion, or 95 cents a
share, from $2.58 billion, or $2.45 a share ago. The company’s revenues in the
quarter fell to $6.51 billion from $10.5 billion a year ago. Analysts polled by
Thomson Reuters had expected [...]
Wall St. is selling off Morgan Stanley (MS) before the open on weak earnings. Shares are down over 3% MS reported income from continuing operations for the...
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Finding the the next shoe to fall is how you make a big fortune out of wall street’s packet.
Lehman: More Real-Estate Woes
LEHMAN BROTHERS’ REAL-ESTATE PROBLEMS, including an equity stake in the leveraged buyout of apartment developer Archstone-Smith, continue to plague it.
The firm, which stunned Wall Street last week by disclosing that it expects [...]
A property investment arm of Morgan Stanley plans to sell at least two high-end serviced apartment projects in Shanghai, which are wholly owned by the Wall Street bank, for several billion yuan, people familiar with the situation said on Friday. Morgan Stanley Real Estate Fund has been approached by several potential buyers from Hong Kong [...]
First, it was legendary oilman Boone Pickens who uttered the obscenity. Now, Goldman Sachs and Morgan Stanley have joined in the chant. Reuters reported today that according to Jeffrey Currie, the global head of commodities research at Goldman Sachs, the price of crude oil is likely to reach $150 a barrel this summer [...]
Richard Berner, Morgan Stanley’s chief U.S. economist, said yesterday at a public finance and pension fund conference in Illinois that the United States is in a mild recession. Berner added that the U.S. housing crisis still has “a long way to go” because of excess supply and caution by both lenders and potential homebuyers. [...]
Viet Nam is heading for a ``currency crisis,'' similar to that of Thailand's baht in 1997, because the central bank has kept the dong too strong as inflation soars and the trade deficit widens, said Morgan Stanley.
Twelve-month non-deliverable forwards show traders are betting the currency will drop 39 percent...
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Job Vacancies :FCG Singapore, General ApplicationsPosition DescriptionMorgan Stanley is a leading multinational Investment Bank, which successfully operates around the globe in a multitude of financial markets. As a firm that has grown tremendously over the past decade, Morgan Stanley is keen to attract the most talented individuals, who can leverage its immense resources to serve its clients worl
At a conference yesterday in Singapore, New York City-based financial services giant Merrill Lynch warned the U.S. economy is in a recession that will become more apparent as the year drags on. According to Channel NewsAsia yesterday:
Merrill Lynch said the world’s largest economy is already in a recession, and it expects to see a [...]
Financial News Online
The burgeoning private equity industry in India received another boon today as investment bank Morgan Stanley said it will launch a unit dedicated to the asset class in the country next month.
Morgan Stanley has hired Aluri Srinivasa Rao, formerly director of life sciences at ICICI Venture, India’s biggest private equity fund, to run the bank’s private equity unit which will launch formally on May 1.
The Indian unit will invest capital from the bank’s third Asian fund, which manages $1.5bn (ˆ940m), it said.
The move comes as fundraising for the region has increased rapidly and India has outstripped emerging markets rival China for volume of deals done.
Investment by private equity funds in India in the first quarter this year was four tim
MSCI Inc. (NYSE: MXB) has filed to sell up to 30,861,235 shares in a secondary offering. Unfortunately, all of the shares are from selling holders. Those...
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Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley# Author:Patricia Beard# Publisher: William Morrow # Number Of Pages: 432 # Publication Date: 2007-09-01 # ISBN-10 / ASIN: 0060881917 # ISBN-13 / EAN: 9780060881917 The inside story of the power struggle that rocked Wall Street's most prestigious financial institution What began with a shot over the bow ended in a shocking coup d'etat. In less than four months a group of eight retired executives orchestrated a stunning revolt within Morgan Stanley, the venerable and—until recently—most successful financial services firm on Wall Street. Now acclaimed journalist and historian Patricia Beard brings together the entire behind-the-scenes story in Blue Blood and Mutiny, a real-life business thriller exposing the tale that shook h
John Mack, who has run every investment bank on Wall St, and is now CEO of Morgan Stanley (MS) says the next few quarters will be tough for the financial...
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Morgan Stanley advises shareholders to keep Mack
By Kate Gibson & Michael Kitchen, MarketWatch
Last Update: 1:15 PM ET Mar 22, 2008
NEW YORK (MarketWatch) — Morgan Stanley’s board of directors is urging
shareholders to reject a proposal that would force out Chief Executive John Mack
from his role as chairman of the large brokerage firm.
In a letter sent to [...]
Morgan Stanley (MS) followed other Wall St. firms with poor results and the company said the future was doubtul. But, the numbers were good enough to keep the...
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US Mega-bank Morgan Stanley has just announced that it will be cutting 1,000 jobs worldwide, with the bulk of the cuts happening in the US and the UK.
While, in the US, the company will be simply reining in and losing spare capacity, in the US, it’s being reported that the company will shut down Advantage [...]
From Asian InvestorThe firm believes China will be able to handle the multiple challenges of a US economic slowdown, asset reflation and monetary tightening.Morgan Stanley believes that even if the US slips into recession in 2008, the Chinese economy will continue its robust expansion, with only some disruptions from export slowdown and asset price deflation."We are now ruling out a bubble scenario for Chinese equities, although we remain bullish on the Hong Kong listed offshore China equities in 2008," Morgan Stanley writes in a recent report. "We think corporate China can handle the three challenges including a US recession and export slowdown, domestic asset price deflation, and monetary tightening and austerity controls, well through 2008"As "decoupling believers", Morgan Stanley believes the MSCI Barra China will produce an earnings growth of 24% in the coming year, although market multiples might contract if the US recession materializes. Morgan Stanley uses the curr
Morgan Stanley Asia’s chairman, Stephen Roach, spoke to Sky News earlier today while visiting Australia and warned that while the U.S. economy is entering a recession, the Federal Reserve, along with the rest of the world, doesn’t appear to grasp its significance. While the Fed cut interest rates the last time they met, Roach feels their work is far from done. He said:
They will move again, most assuredly. The US is going into a recession, they’ve a lot more work to do. They could cut their policy short term interest rate by one to 1.5 percentage points over the next nine to 12 months.
During the interview, Roach spoke about the indifference of the global economy to the prospect of an economic recession in the United States. He warned:
There is a view that the world has somehow decoupled from the American growth engine. I think that view will turn out to be dead wrong and this is a global event with consequences for Asia and Australia.
The head of Morgan Stanley Asia also told S
In a report “Recession Coming” released today, the Morgan Stanley’s US team said the credit crunch is starting to inflict serious damage on US companies and that the economy is headed for a recession. Is it any suprise when the US stock market gets stimulated on news of Middle East loans to Citibank to pull [...]
CNNMoney.comMorgan Stanley Co-President Cruz Replaced After Mortgage LossesBloomberg - 39 minutes agoBy Christine Harper Nov. 30 (Bloomberg) -- Zoe Cruz, co-president of Morgan Stanley and Wall Street's highest-paid female executive, is ending her 25-year career at the firm three weeks after it disclosed $3.7 billion of losses on mortgage-related ...Morgan Stanley Executive Ousted After Trading Loss New York Times'Cruz Missile' Out At Morgan Stanley ForbesMSN Money - The Associated Press - International Business Times - Reutersall 484 news articles Read More... [Source: Google News -Posted by alexa]
Mumbai: The crisis in subprime mortgages in the US is unlikely to affect stock markets in Asia, says Stephen Roach, chairman of Morgan Stanley Asia. However, should the credit crunch affect consumer demand in the US, Asian markets will not remain immune, he warned.Note of caution: Stephen Roach, chairman of Morgan Stanley Asia.Roach noted that if the US does go into a recession, Asia cannot remain as a lucrative investment option.“Asia will not be an oasis of prosperity in a softer global demand climate,” he said. “I think there could be a significant correction in emerging market equities that will impact the Indian market.”Weighing in on the debate about the Asian markets decoupling from the US, Roach pointed out that while Chinese consumption is worth $1 trillion (Rs39.4 trillion) and India has a $700 billion market, they pale in comparison to the US, which is a $9.5 trillion consumer market.Much of India and China’s exports are dependent on the US. If US consumption fal
Morgan Stanley was fined $3 million and forced to pay $9.5 million in restitution to arbitration Claimants as a result of its failure to produce emails in response to document requests in arbitrations with customers. According to the FINRA press release, Morgan Stanley incorrectly represented in the arbitration proceedings that “the destruction of the firm’s email servers in the Sept. 11, 2001 terrorist attacks on New York’s World Trade Center resulted in the loss of all pre-9/11 email.”
The unknown at this point is the amount of financial benefit gained by Morgan Stanley by this behavior through arbitration settlements and awards, and whether this benefit far exceeds the relatively small punishment ordered by FINRA.
A Los Angeles real estate investment firm has sold four Oahu office buildings to Morgan Stanley for $98 million. The sale of Arroyo Realty Partners Hawaii portfolio includes the Hawaii Agricultural Research Center, the Airport Center adjacent to the Honolulu International Airport and the Ocean View Court, which includes the Ocean View Center and Haseko Center in downtown Honolulu. The buildings combined total 373,227 square feet with occupancy rates at or above 90 percent. They have more than 100 tenants.
As set out in this FINRA press release Morgan Stanley was fined and forced to pay restitution to retail customers for overcharging for corporate bond sales and for “having an inadequate supervisory system for monitoring the pricing of corporate fixed income securities sold to customers.”
Acting through its Special Situations Fund III, Morgan Stanley Real Estate will soon make a move in the German hospitality market with the acquisition of a 35 percent interest in Motel One Management GmbH, the holding company for Motel One properties and operations. Morgan Stanley has committed to purchasing existing shares from Motel One AG, which will hold on to a 65 percent equity stake in the budget designer hotel company. Headquartered in Munich, Motel One operates 17 hotels with an aggregate 2,300 guestrooms.
PARIS,(Reuters) - Morgan Stanley Real Estate (MS.N: Quote, Profile , Research) is expected to choose on Thursday the buyer for its French business Compagnie La Lucette and Lehman Brothers' Real Estate (LEH.N: Quote, Profile , Research) appears to be best placed, French newspaper Le Figaro said on Wednesday. Offers ranged from 1.25 billion euros ($1.73 billion) to 1.4 billion euros and Lehman's offer topped those of other potential buyers, including Nexity-Caisses d'Epargne (NEXI.PA: Quote, Profile , Research) and a German invesment fund, the paper said.
Morgan Stanley Real Estate announced today that it has completed the acquisition of eight European Hilton hotels. The completion of the sale of two further hotels -- Hilton Brussels and Hilton Zurich -- is expected by the end of the third quarter 2007. The acquisition price for all 10 hotels is €566 million.
The Rhode Island Department of Business Regulation fined Morgan Stanley $250,000 for failing to supervise sales representatives at its Providence, Rhode Island office. According to the Rhode Island press release below, the charges related to the replacement of mutual funds with more expensive mutual funds and variable annuities.
Rhode Island Press Release
Morgan Stanley Group Inc. has raised the largest global property fund in history, an $8 billion repository the company will use to bankroll investments primarily in fast-growing Asian markets including India. Morgan Stanley Real Estate, the New York-based investment bank's property-investments arm, announced June 20 that it had successfully completed fundraising for the Morgan Stanley Real Estate Fund International VI.
Morgan Stanley, the biggest oil trader on Wall Street, has hired a tanker to ship 80,000 tons of fuel oil to the Far East from Saudi Arabia, a shipbroker said.The tanker Feng Huang Zhou will load fuel oil at Yanbu on July 29. Yanbu is a major Red Sea port in the Al Madinah province of western Saudi Arabia. Persian Gulf exports to Asia are expected to increase in July, after falling in June due to the increase in the Middle East's demand for marine fuel, PVM Oil Associates GmbH said in a June 26 report.NEFTEGAZ Advertise on The ENERGY DATA WAREHOUSEwww.BajaeNergyBLOG.com
Morgan Stanley, the biggest oil trader on Wall Street, has hired a tanker to ship 80,000 tons of fuel oil to the Far East from Saudi Arabia, a shipbroker said.The tanker Feng Huang Zhou will load fuel oil at Yanbu on July 29. Yanbu is a major Red Sea port in the Al Madinah province of western Saudi Arabia. Persian Gulf exports to Asia are expected to increase in July, after falling in June due to the increase in the Middle East's demand for marine fuel, PVM Oil Associates GmbH said in a June 26 report.NEFTEGAZ Advertise on The ENERGY DATA WAREHOUSEwww.BajaeNergyBLOG.com
Hilton Hotels are working closely with Morgan Stanley Real Estate and have recently signed an agreement to sell up to 10 Hilton Hotels. The sale goes to a fund managed by Morgan Stanley Real Estate for approximately EUR566 million which is approximately USD 770 million.
Morgan Stanley is buying 13 hotels from Japanese carrier All Nippon Airways Co. for 281 billion yen ($2.4 billion), the airline said Friday, in a transaction that would roughly double the U.S....
Morgan Stanley (NYSE: MS - News) today reported record income from continuing operations for the first quarter ended February 28, 2007 of $2,559 million, an increase of 60 percent from $1,602 million...
El banco de inversión estadounidense Morgan Stanley ha elevado el precio objetivo del grupo textil gallego Inditex de 46 a 50 euros. Su recomendación para el valor es "sobreponderar".http://mercado-continuo.blogspot.com
Building in Dubai is booming. There is a huge amount of new construction going on in the Emirate, part of the United Arab Emirates, or UAE, located along the Persian Gulf. It is estimated the one in three of the world’s cranes are operating in Dubai. The Emirate of Dubai has approximately 1.3 million residents, while the city of Dubai is the largest in the UAE.
Just heard on CNBC that MS has a research note out advising their clients to go "neutral" on equities in US. I have no idea what neutral means in this context, my guess is "lighten up". I pay more attention to the market reaction to such a note, than to what MS is actually advising. But with recent tech and oil stocks weakness, MS may be preparing for a pullback or mini-correction perhaps. Let's
When it comes to creating reporting wild ass merger rumors, The Detroit News says game on! The latest chorus of "Daimler and blank, sitting in a tree" would have the artist formerly known as DaimlerChrysler selling 20 percent of itself to... BMW. Sussex scribe Neil Winton dutifully, perhaps even exhaustively lays out the rationale. "Audi is owned by German mass car maker Volkswagen, and Lexus by Japan's gigantic Toyota. This means that the cost of many basic components like engines, transmissions and components, which are used under the skin of ordinary as well as exotic machines, can be spread over huge numbers of vehicles allowing the interlopers what could be a killer long-term cost advantage." It's a simple if bogus premise: Mercedes and BMW could share parts and platforms to compete against Audi and Lexus. (Strangely for the home town paper, no mention of Cadillac.) It's also not Winton's idea. The entire story is based on a report written by Adam
{mosgoogle right}TOKYO (AP) -- Midsize Japanese lender Shinsei Bank Ltd. raised its profit outlook for the current fiscal year by 30 percent, saying Thursday that the sale of its headquarters to a Morgan Stanley real estate fund will help it ride out the global credit crisis.The Tokyo-based bank, 33 percent owned by U.S. investment fund J.C. Flowers, said it now expects consolidated net profit for the fiscal year to March 31 at 65 billion yen (US$632 million), up from the 50 billio [...]
