Morgan Stanley profit falls 24% amid broad slump in its business

Article Abstract:

Morgan Stanley of the United States has reported losses in net income of 24 percent to $928 million, the last quarter from $1.22 billion the previous quarter. Net revenue fell 9.2 percent to $6.04 billion from $6.65 billion a year ago. The losses are explained by the banking giant as pending a settlement with Parmalat S.p.A., also there have been ongoing internal management concerns and market volatility.

Sales, profits & dividends, Labor Distribution by Employer, Management, Statistics, Company sales and earnings, Company earnings/profit, Company Profile, Company business management

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Morgan Stanley's change in focus

Article Abstract:

John Mack is a primary candidate to replace the ousted Philip Purcell as Chief Executive Officer at Morgan Stanley. Under Mr. Mack the investment house, would be an elite banking boutique for corporations and the wealthy, rather than also selling stocks and credit cards to the masses.

Personnel administration, Human resource management, Biography, Investor relations, Company personnel management, Personality profile, Mack, John

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Amid tumult in health care, a banker carves a rich niche: UBS's Benjamin Lorello excels at getting deals done, but some later fall flat: blowback From HealthSouth

Article Abstract:

Investment banker Benjamin Lorello of UBS AG excels at promoting health-care deals. The long-term performance of many of his client companies, however, has left much to be desired.

Switzerland, Company investment, Investments, Practice, UBS AG, Investment bankers, Lorello, Benjamin

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