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Goldman and Morgan Stanley Q4 may be "ugly": analyst
(Reuters) - The fourth quarter will prove to be "ugly" for Goldman Sachs Group Inc and Morgan Stanley with meaningful write-downs as markets continue to be challenging, an analyst at J.P. Morgan Securities said.
Reuters  –  Dec 3, 2008 07:57 AM [GMT]  –  comment?
found in Business
Hawaiian Electric prices offering of 5 million shares at $23
TEL AVIV (MarketWatch) -- Hawaiian Electric Industries Inc., the Honolulu power provider, priced late on Tuesday a public offering of 5 million common shares at $23, raising gross proceeds of $115 million. The deal price is 11% below Hawaiian Electric's closing price of $25.87 on Tuesday. The u ... more »
MarketWatch.com  –  Dec 3, 2008 07:43 AM [GMT]  –  comment?
found in Business: Markets
China reluctant to invest in foreign banks
HONG KONG (AP) -- China's sovereign wealth fund, which last year poured $5 billion into Morgan Stanley, is reluctant to plow more money into foreign banks until governments hash out coherent policies to cope with the global economic and financial turmoil, the fund's head said Wednesday....
AP  –  Dec 3, 2008 07:17 AM [GMT]  –  comment?
found in Business
After $1tn cost of housing collapse, America is now bracing itself for the credit card bill
The $326bn rescue of Citigroup was, some investors hoped, a turning point. It prompted a concerted rally on Wall Street last week as shareholders were reassured that the US authorities would not allow another major bank to collapse.The Dow Jones gained more than five straight days for the first time ... more »
The Guardian  –  Dec 3, 2008 12:36 AM [GMT]  –  comment?
found in World
GE Capital files to issue FDIC-backed debt
SAN FRANCISCO (MarketWatch) -- General Electric Capital Tuesday filed a prospectus with the Securities and Exchange Commission to issue notes backed by the FDIC. Terms and size weren't disclosed, although GE spokesman Russell Wilkerson said the company had filed for a "benchmark" deal ... more »
MarketWatch.com  –  Dec 2, 2008 9:12 PM [GMT]  –  comment?
found in Business: Markets
Chicago leases parking meters for $1.16 billion
CHICAGO (Reuters) - Chicago on Tuesday said it agreed to lease its parking meter system to a fund managed by Morgan Stanley in a 75-year, $1.16 billion deal, the latest privatization deal by the city as it struggles to close a yawning budget deficit.
Reuters  –  Dec 2, 2008 7:48 PM [GMT]  –  comment?
found in U.S. News
BofA, Morgan Pull Off First U.S.-backed Deals
Bank of America's involves $9b in notes, while Morgan Stanley sells $350m of global notes.
CFO.com  –  Dec 2, 2008 3:52 PM [GMT]  –  comment?
found in Business
Tech stocks advance as broader market rise
SAN FRANCISCO (MarketWatch) - Technology stocks stepped into positive territory at the opening bell Tuesday as the broader market began the session on an upbeat note following Monday's brutal sell-off. The Nasdaq Composite Index was ahead 1.2%, while the Morgan Stanley High Tech 35 Index added ... more »
MarketWatch.com  –  Dec 2, 2008 2:38 PM [GMT]  –  comment?
found in Business: Markets
UAL plans to sell $200 million in additional common stock
NEW YORK (MarketWatch) -- UAL Corp. , parent company to United Airlines, intends to sell up to $200 million in additional common stock, according to a Securities and Exchange Commission filing made Monday. Sales of shares will be made from time to time through J.P. Morgan and Morgan Stanley , the co ... more »
MarketWatch.com  –  Dec 2, 2008 12:16 PM [GMT]  –  comment?
found in Business: Markets
Market Report: Morgan Stanley calls time on Punch Taverns
Punch Taverns closed down more than 15 per cent after it was suggested that a sharp fall in profits and the resulting covenant breaches might trigger a major restructuring that could leave the stock, worth 106.25p last night, trading at 10p.
The Independent  –  Dec 2, 2008 12:00 AM [GMT]  –  comment?
found in Top Stories