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Revel to close down Atlantic City casino

Revel to close down Atlantic City casino

ATLANTIC CITY, N.J., Aug. 12 (UPI) --Revel Casino announced Tuesday it will close down its Atlantic City casino September 10, after failing to find a buyer or to improve its financial performance.
Ananth Baliga
Morgan Stanley analyst: Apple will sell 30 to 60 million iWatches

Morgan Stanley analyst: Apple will sell 30 to 60 million iWatches

CUPERTINO, Calif., July 14 (UPI) --Morgan Stanley analyst Katy Huberty wrote in a note Monday that Apple's iWatch could be a success within its first year, selling around 60 million iWatches.
Ananth Baliga
President Obama gets big business to help long-term jobless

President Obama gets big business to help long-term jobless

WASHINGTON, Jan. 31 (UPI) -- President Obama Friday signed up hundreds of top corporate executives to get them to help end discrimination against the long-term unemployed.
Morgan Stanley appoints Erskine Bowles as lead director

Morgan Stanley appoints Erskine Bowles as lead director

NEW YORK, Jan. 28 (UPI) -- U.S. investment bank Morgan Stanley Tuesday announced Erskine Bowles has been appointed lead director of the company's board of directors.
Apple may have sold 55 million iPhones in Q4 of 2013

Apple may have sold 55 million iPhones in Q4 of 2013

Jan. 21 (UPI) -- Apple is expected to announce its December quarter results for 2013 next week, and according to some analysts, the introduction of two new phones could mean sales of close to 55.3 million iPhones last quarter.
Ananth Baliga

Cooper Tire calls off deal with Apollo Tyre

FINDLAY, Ohio, Dec. 30 (UPI) -- Cooper Tire said Monday it would no longer pursue closure on a $2.2 billion deal to sell itself to India's Apollo Tyres.
Hilton hikes price to $2.4 billion in the largest ever hotel IPO

Hilton hikes price to $2.4 billion in the largest ever hotel IPO

Dec. 2 (UPI) -- Hilton hikes its initial public offering, to be the largest hotel IPO ever and possibly the second largest IPO of the year.
Sonali Basak
Twitter shares open 73 percent higher than asking price

Twitter shares open 73 percent higher than asking price

NEW YORK, Nov. 7 (UPI) -- Shares of Twitter topped $50 per share Thursday after opening 73 percent above the initial asking price of $26 on the New York Stock Exchange.
Wall Street's year looks dinged by Washington

Wall Street's year looks dinged by Washington

NEW YORK, Oct. 22 (UPI) -- New York state Comptroller Thomas DiNapoli said gridlock in Washington and monetary policy are changing the state's financial picture.

Wife of Seattle Mariners player accused of wire fraud

SEATTLE, Oct. 20 (UPI) -- Seattle Mariners outfielder Carlos Peguero's wife is facing fraud charges for allegedly using a debit card belonging to Mariners pitcher Felix Hernandez's wife.
Twitter plans $1B stock market launch under TWTR symbol

Twitter plans $1B stock market launch under TWTR symbol

NEW YORK, Oct. 4 (UPI) -- Twitter Inc. plans a $1 billion stock market launch under the TWTR ticker symbol, but the U.S. online messaging service revealed it has never turned a profit.

Miccosukee Tribe's federal lawsuit against former chairman dismissed

MIAMI, Oct. 3 (UPI) -- A federal judge has ruled a lawsuit by the Miccosukee Tribe in South Florida should be heard in a state court or tribal court.
Moody's considering credit downgrade of three big banks

Moody's considering credit downgrade of three big banks

NEW YORK, Aug. 23 (UPI) -- Credit rating firm Moody's Investors Service said it could cut the credit ratings of three large U.S. banks, citing shifting federal policies as the reason.

Blackstone prepares to take Hilton Worldwide public

NEW YORK, Aug. 8 (UPI) -- U.S. equity firm Blackstone Group is taking steps to prepare Hilton Worldwide for a return to life as a public company, sources told The Wall Street Journal.

Private equity to buy Hub International for $4 billion

CHICAGO, Aug. 6 (UPI) -- Hellman & Friedman said it had agreed to buy Chicago's Hub International, an insurance brokerage, for more than $4 billion.
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Morgan Stanley
Wiki

Morgan Stanley (NYSE: MS) is a global financial services provider headquartered in New York City, New York, United States. It serves a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 33 countries around the world with 600 offices, with an approximate employee workforce of 45,000. The company reports US$779 billion as assets under its management.

The corporation, formed by J.P. Morgan & Co. employees Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities and Investment Management.

The company found itself in the midst of a management crisis in the late 1990s that saw it lose a lot of talent and competence and ultimately saw the firing of its then CEO Philip Purcell in 2005.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Morgan Stanley."
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