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.

Banks accused of colluding to protect Euro credit derivatives revenue

BRUSSELS, July 1 (UPI) -- Antitrust regulators in Europe charged 13 large banks Monday with colluding to prevent new competitors from entering the credit derivatives market.

The almanac

UPI Almanac for Sunday, June 9, 2013.
By United Press International

Bloomberg hires consultants to handle privacy breach problem

NEW YORK, May 18 (UPI) -- Wall Street data distributor Bloomberg LP said it was taking steps to get ahead of damage that may erupt from revelations of a privacy breach at the company.

Apple said considering multiple iPhone models to compete with Android

CUPERTINO, Calif., May 8 (UPI) -- Apple is planning to expand its iPhone lineup with multiple models in an effort to compete with Android-powered smartphones, a U.S. analyst says.

Stocks slide Thursday

NEW YORK, April 18 (UPI) -- U.S. stocks slid for the third session of the week as corporate reports and economic data failed to spark much enthusiasm.

Tokyo Disneyland nears 30, announces plans to increase attendance

TOKYO, April 13 (UPI) -- Tokyo Disney Resorts is aiming at topping its 2012 record of 27.5 million visitors in its 30th year, which begins next week, operators said.

Lagarde: 'Too big to fail' banks 'dangerous'

NEW YORK, April 11 (UPI) -- "Too big to fail" banks are "more dangerous than ever" to the U.S. and world economies and must be reined in, the International Monetary Fund chief said.

UPI NewsTrack Business

S&P within sight of a record close ... Fed OKs capital plans at 14 banks ... Sun Belt cities growing again ... For one at UBS, a $26M payday ... News from United Press International.

Fed OKs capital plans at 14 banks

WASHINGTON, March 14 (UPI) -- The Federal Reserve said Thursday it has approved capital plans of 14 U.S. financial institutions under financial reform legislation enacted in 2010.

UPI NewsTrack Business

Dow hits another high, jobless claims fall ... Fed stress tests show healthier banks ...Icahn stirs the pot at Dell ... Law schools launching clinics of their own ... News from United Press International.

Venezuela reforms at risk from transition

CARACAS, Venezuela, March 7 (UPI) -- Venezuela's economic reforms program is at risk of becoming more lopsided than it is at present as national attention rivets on mourning Hugo Chavez.

N.Y. state's top employer is healthcare

ROCHESTER, N.Y., Jan. 21 (UPI) -- Nine of New York state's Top 20 employers are in healthcare, with North Shore-Long Island Jewish Health System No. 1 with 37,000 employees, researchers say.

UPI NewsTrack Business

HSBC to pay $249M for foreclosure abuse ... Honda to recall 750,000 vehicles ... Treasury Dept. selling more GM stock ... Stocks close Friday session mixed ... News from United Press International.

HSBC to pay $249M for foreclosure abuse

WASHINGTON, Jan. 18 (UPI) -- A $249 million settlement in principle has been reached with HSBC for its use of so-called foreclosure mills, two U.S. regulators announced Friday.
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Morgan Stanley

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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