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Stock Market & Financial Investment News

News Breaks
May 13, 2014
14:50 EDTMS, MHGCMorgans 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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September 29, 2014
07:58 EDTMSWarren calls for hearing on 'disturbing' Fed tapes, Reuters reports
Two members of the the Senate Banking Committee, Democrats Elizabeth Warren and Sherrod Brown, called for an investigation into the issues raised by secretly taped conversations between officials at Goldman Sachs (GS) and supervisors at the New York Federal Reserve, reported Reuters. Other large U.S. banks include Bank of America (BAC), Citigroup (C), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 26, 2014
14:29 EDTMSAlibaba awards IPO banks $50M in incentive fees, Bloomberg says
According to people with knowledge of the matter, Alibaba (BABA) gave Credit Suisse (CS) and Morgan Stanley (MS) approximately half of the incentive fees that were awarded to the six banks responsible for overseeing its IPO, Bloomberg reports. Reference Link
September 25, 2014
15:10 EDTMSHolder resignation as AG positive for banks, says Rafferty Capital
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07:27 EDTMSMorgan sale of oil unit to Rosneft may break down over sanctions, Reuters says
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September 24, 2014
15:04 EDTMSGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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09:59 EDTMSOn The Fly: Analyst Downgrade Summary
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07:41 EDTMSMorgan Stanley price target raised to $42 from $38 at UBS
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05:45 EDTMSMorgan Stanley downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded its rating on Morgan Stanley (MS) to Neutral saying shares look expensive and that it does not see the bank meeting its 10% return on equity target. JPMorgan sees better value in other investment banks, specifically UBS (UBS), and keeps a $34 price target for Morgan Stanley shares. The stock closed yesterday down 16c to $35.02.
September 18, 2014
16:03 EDTMHGCGabelli reports 5.03% stake in Morgans Hotel
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14:08 EDTMSBanks look to high-interest personal loans to boost revenue, WSJ says
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September 17, 2014
13:16 EDTMSHolder says DOJ looking to charge bank executives, Washington Post says
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September 16, 2014
14:44 EDTMSVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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07:07 EDTMSMagnum Hunter announces partnership with Morgan Stanley Infrastructure
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07:01 EDTMSMorgan Stanley Infrastructure to acquire co-control ownership of Eureka Hunter
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