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Stock Market & Financial Investment News

News Breaks
May 13, 2014
14:50 EDTMHGC, MSMorgans Hotel retains Morgan Stanley to assist in review of alternatives
Morgans Hotel Group (MHGC) disclosed that at the beginning of the year, the Morgans Board of Directors formed a special transaction committee to evaluate a full range of alternatives, including the potential sale or merger of the Company. Earlier this month the committee retained Morgan Stanley & Co. (MS) as its financial advisor to assist the company in exploring a full range of strategic alternatives. Jason T. Kalisman, Morgans' Chairman of the Board, stated: "As fiduciaries, Morgans' Board is committed to maximizing value for our stockholders and, as we have consistently stated, the Board is constantly exploring all opportunities to do what is right for all stockholders. This has always included evaluating transactions as large as a potential sale or merger – but undertaken from a position of strength and flexibility. The engagement of Morgan Stanley to assist the committee in its strategic review allows the committee to draw on the insight and experience of a leading investment bank. Our stockholders have voiced their desire to know where the Board stands on these issues, and thus we felt it appropriate to share the fact that we had already taken the step of retaining advisors as we undergo the strategic review process."
News For MS;MHGC From The Last 14 Days
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July 1, 2015
07:57 EDTMSU.S. banks not facing significant direct losses on Greek default, WSJ says
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June 29, 2015
10:38 EDTMSMorgan Stanley looks to expand bond trading unit, WSJ says
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June 26, 2015
09:02 EDTMSLittleBits raises $44.2M in funding from group including Morgan Stanley
Hardware startup LittleBits Electronics announced $44.2M in new funding to further fuel its growth. This additional funding round was led by DFJ Growth ­with additional participation from new investors Morgan Stanley Alternative Investment Partners​, Grishin Robotics and Wamda Capital, among others.
07:28 EDTMSKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
June 25, 2015
07:48 EDTMSMorgan Stanley disregards Fed guidelines with $1B loan, NY Post reports
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07:13 EDTMSFed director says full transparency in stress testing can be 'enormous weakness'
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June 23, 2015
06:53 EDTMSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
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June 22, 2015
10:52 EDTMSMorgan Stanley Smith Barney, Scottrade fined $950,000 by FINRA
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June 19, 2015
06:29 EDTMSMorgan Stanley invests in Alibaba-backed online insurer, WSJ reports
A group of investors including Morgan Stanley (MS) has invested $934M in China’s first online-only insurer backed by Alibaba (BABA) called Zhong An Online P&C Insurance Company, valuing the venture at $8B, the Wall Street Journal reports. The investment has been approved by China’s insurance regulator, the report says. Reference Link
June 18, 2015
07:37 EDTMSNoranda Aluminum to evaluate strategic alternatives, suspends dividend
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