China assures U.S. delegation on trade

BEIJING, Feb. 16 (UPI) -- More exchanges between U.S. and Chinese business executives would help promote bilateral trade cooperation, Chinese Vice Premier Wang Qishan said.

Panel calls on top bankers to testify

WASHINGTON, Jan. 8 (UPI) -- A Congressional panel assembled to find the causes of the financial meltdown has scheduled four top U.S. bankers to give testimony next week.
Morgan Stanley CEO to pass on bonus pay

Morgan Stanley CEO to pass on bonus pay

NEW YORK, Dec. 18 (UPI) -- 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.
Morgan Stanley chooses new CEO

Morgan Stanley chooses new CEO

NEW YORK, Sept. 11 (UPI) -- 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.

Morgan Stanley posts $2.36 billion loss

NEW YORK, Dec. 17 (UPI) -- U.S. bank Morgan Stanley said Wednesday it lost $2.36 billion in its first quarter as a bank holding company.

LAPD shifts 2 commanders

LOS ANGELES, May 8 (UPI) -- The Los Angeles Police Department has reassigned two commanders following a bungled response to minor violence during an immigration rally.

LAPD chief on hot seat

LOS ANGELES, May 2 (UPI) -- 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.

Sidwell retires as Morgan finance chief

NEW YORK, May 1 (UPI) -- 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 chief due record bonus

NEW YORK, Dec. 15 (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.

LA officer charged with assaulting teen

LOS ANGELES, Dec. 8 (UPI) -- A Los Angeles police officer has been arrested and charged with assaulting a handcuffed teenager he allegedly got in a choke hold.

Famed oboist Mack dead at 78

CLEVELAND, July 26 (UPI) -- Famed former Cleveland Orchestra oboist John Mack has died in Cleveland at 78 from complications related to his brain cancer treatment.

L.A. police chief: Shooting was justified

LOS ANGELES, Jan. 31 (UPI) -- Los Angeles Police Chief William Bratton concluded the shooting death of a 13-year-old was a tragic but proper use of force, The Los Angeles Times reported.

Morgan Stanley to drop 1,000 brokers

NEW YORK, July 28 (UPI) -- New York financial giant Morgan Stanley will cut some 1,000 brokers in its brokerage business, TheStreet.com reported Thursday.

Morgan Stanley re-hires former president

NEW YORK, June 30 (UPI) -- Morgan Stanley elected its former president, John Mack, as the new chairman and chief executive officer of the major U.S. bank.

Morgan Stanley may bring back ex-president

NEW YORK, June 25 (UPI) -- Morgan Stanley's past could be its future with the New York-based brokerage reportedly negotiating the return of its former president as chief executive.

John Mack, Pultizer winner, dies

CAMBRIDGE, Mass., Sept. 29 (UPI) -- John E. Mack, who won a Pulitzer Prize for his study of T.E. Lawrence and who researched people reporting encounters with extraterrestrials, has died at age 74.

Credit Suisse lets John Mack go

NEW YORK, June 25 (UPI) -- The board of New York's Credit Suisse Group has decided to install new leadership after a clash over whether or not the firm should seek a merger partner.

Executive Business Briefing

NEW YORK, Jan. 8 (UPI) -- Here is a look at Wednesday's top business stories:

Bank New York buys Pershing

NEW YORK, Jan. 8 (UPI) -- The Bank of New York Co. Inc., the nation's oldest bank and founded in 1784 by Alexander Hamilton, said Wednesday it has entered into a definitive agreement wit

Executive Business Briefing

Here is a look at more of Wednesday's top business stories.

CSFB cuts 300 investment bankers

NEW YORK, April 3 (UPI) -- Investment bank Credit Suisse First Boston cut 300 investment bankers from its staff Tuesday, as part of ongoing cost cutting efforts by the firm's boss John Ma

Executive Business Briefing

Here is a look at more of Thursday's top business stories: