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More exchanges between U.S. and Chinese business executives would help promote bilateral trade cooperation, Chinese Vice Premier Wang Qishan said.
A Congressional panel assembled to find the causes of the financial meltdown has scheduled four top U.S. bankers to give testimony next week.
The chief executive officer of one of the top U.S. financial firms, John Mack at Morgan Stanley, has requested the firm keep his bonus check for 2009.
New York bank Morgan Stanley said James Gorman, co-president of the bank's global wealth management, will take over as chief executive officer in January.
U.S. bank Morgan Stanley said Wednesday it lost $2.36 billion in its first quarter as a bank holding company.
The Los Angeles Police Department has reassigned two commanders following a bungled response to minor violence during an immigration rally.
Los Angeles' police chief was on the hot seat Wednesday, the day after his officers used rubber bullets and batons to disperse an immigration reform rally.
David Sidwell will retire as chief financial officer of Morgan Stanley at the end of the year, the U.S. investment bank said Tuesday. Sidwell, 54, will be replaced by Colm Kelleher, head of global capital markets. Christopher Carter, vice chairman of inst
Dow sets second straight record... Bernanke careful in China speech... New rules seek to remove mystery of exec pay... Morgan Stanley chief due record bonus... Business news from UPI.
Morgan Stanley boss John Mack is reported in line for the biggest bonus ever awarded to a Wall Street executive. Mack, 62, will be joining Wall Street's exclusive $40 million club with stock and option grants he has coming, the New York Post reports.
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