New foreclosure rules

New foreclosure rules

There are signs that the housing industry is improving and that much of the foreclosure debacle of 2010 is receding into the history books.
ANTHONY HALL, United Press International

Foreclosure activity declined in 2012

IRVINE, Calif., Jan. 17 (UPI) -- The number of U.S. homes in the process of foreclosure dropped 3 percent in 2012 from the previous year, online marketplace RealtyTrac said Thursday.

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Dow loses ground ... Seniors use credit cards as safety net ... Fed announces $557M foreclosure settlement ... Builder confidence ends 8-month up trend ... News from United Press International.
Fed announces $557M foreclosure settlement

Fed announces $557M foreclosure settlement

WASHINGTON, Jan. 16 (UPI) -- Goldman Sachs and Morgan Stanley have agreed to pay $557 million to settle charges of improper mortgage and foreclosure processing, U.S. authorities said.

UPI NewsTrack Business

U.S. stock indexes mixed ... China could exceed 2012 growth target ... Boom in online shopping seen for Russia ... Ford, GM to expand salaried staff ... News from United Press International.

Boom in online shopping seen for Russia

MOSCOW, Jan. 11 (UPI) -- U.S. analysts say Russia will experience a boom in online shopping in 2013, with activity reaching $40 billion by 2015.

UPI NewsTrack Business

U.S. stocks turn higher Wednesday ... Lawmakers warn AIG not to sue Washington ... Morgan Stanley to ax 1,600 positions ... Survey reveals how not to get a job ... News from United Press International.

Morgan Stanley to ax 1,600 positions

NEW YORK, Jan. 9 (UPI) -- Banking giant Morgan Stanley said it would cut 800 jobs in the United States and 800 jobs abroad in a cost-cutting measure.

UPI NewsTrack Business

AMR, US Airways merger clears hurdle ... Nebraska review OKs Keystone XL route ... Bank payouts expected ... Retailer Virgin France calls it quits ... News from United Press International.
Bank payouts expected

Bank payouts expected

NEW YORK, Jan. 5 (UPI) -- A bank industry analyst said the U.S. Federal Reserve would grant share buyback and dividend plans across the board for the country's 19 largest banks.

Yen expected to dip against U.S. dollar

TOKYO, Jan. 1 (UPI) -- The Japanese yen is forecast to fall against the U.S. dollar in 2013 after it lost more than 10 percent of its value against the dollar in 2012, analysts said.

CIC to buy 44.7M shares of Morgan Stanley

BEIJING, June 3 (UPI) -- The state-owned China Investment Corp. says it plans to buy 44.7 million of the 80.2 million common shares being sold by Morgan Stanley.

Citigroup eyeing Morgan Stanley venture

SAN FRANCISCO, Jan. 10 (UPI) -- Citigroup Inc. reportedly is considering conducting a joint venture between its struggling Smith Barney brokerage unit and Morgan Stanley.

Morgan Stanley investment to be protected

NEW YORK, Oct. 13 (UPI) -- Morgan Stanley says it has closed a deal for Japan's Mitsubishi UFJ, the world's second largest bank, to acquire 21 percent of the U.S. financial firm.

Morgan Stanley, Mitsubishi may renegotiate

WASHINGTON, Oct. 11 (UPI) -- Renegotiation may be in the works for a proposed $9 billion investment into struggling Wall Street firm Morgan Stanley by a Japanese bank, sources say.
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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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