New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 25, 2014
11:20 EDTPHG, MSPhilips selects Morgan Stanley for lighting unit stake sale, Reuters says
Philips (PHG) selected Morgan Stanley (MS) to help the company as it looks to sell a stake in its lighting components division, according to Reuters, citing three people familiar with the matter. Reference Link
News For PHG;MS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 25, 2015
07:22 EDTMSMorgan Stanley CFO selected partly due to experience with regulators, WSJ says
Morgan Stanley CEO James Gorman selected Jonathan Pruzan to succeed Ruth Porat as CFO in part because Pruzan "understands the current regulatory environment" due to his role advising other banks on the Fed's stress test, reports the Wall Street Journal, citing an internal memo from Gorman. The Journal notes that Pruzan is a diplomatic "banker to other bankers," having advised Morgan Stanley's peers and rivals on financial matters as well as managing relationships with regulators. Reference Link
March 24, 2015
16:20 EDTMSOn The Fly: Closing Wrap
Subscribe for More Information
10:44 EDTMSMorgan Stanley CFO change a 'manageable uncertainty,' says Wells Fargo
Subscribe for More Information
09:09 EDTMSMorgan Stanley CFO Porat to join Google as new CFO
Google (GOOG, GOOGL) and Morgan Stanley (MS) this morning announced that current Morgan Stanley Chief Financial Officer Ruth Porat will leave the firm and take on the same role at Google. WHAT'S NEW: Morgan Stanley said in a filing that Porat, who joined the firm in 1987, will leave the company, effective April 30. At Morgan Stanley, Porat was previously vice chairman of Investment Banking, global head of the Financial Institutions Group and and co-head of Technology Investment Banking. Google said in a separate statement that Porat will join the company as CFO on May 26. At Google, Porat will report to Google Chief Executive Officer and co-founder, Larry Page. WHAT'S NOTABLE: Jonathan Pruzan, currently co-head of the Global Financial Institutions Group in Investment Banking at Morgan Stanley, will succeed Porat as the bank's CFO upon Porat's departure. PRICE ACTION: Morgan Stanley is down 0.14% in pre-market trading and Google is up 1.09%.
08:59 EDTMSMorgan Stanley confirms Jonathan Pruzan will succeed Ruth Porat as CFO
Morgan Stanley (MS) announced in a filing that Ruth Porat, executive VP and CFO, would leave the company on April 30. In a memo, CEO James Gorman says, "After a 28-year career at Morgan Stanley, Ruth Porat has decided to leave the Firm to take on a new role in Silicon Valley and return to her California roots. It is with a heavy heart that we see her go. Ruth joined Morgan Stanley in 1987 and has played a number of key roles at the Firm, from her time leading the tech banking franchise during the Internet boom, to leading the FIG banking team during the financial crisis, then as CFO partnering with the senior team to transform Morgan Stanley for the new regulatory environment. She has been a mentor and sponsor to many colleagues, and a role model for even more. Her tremendous energy, diligence and insight have been an enormous asset to the Firm... Jonathan Pruzan, currently Co-Head of the Global Financial Institutions Group in Investment Banking, will be appointed CFO upon Ruthís departure. Jon joined Morgan Stanley in 1994 and has spent more than 20 years at the Firm working with financial institution clients. He understands the current regulatory environment, having shepherded clients through the Fedís stress test and CCAR processes. He brings both great technical skill and proven leadership to this new role. Jon has served on the Morgan Stanley/MUFG steering committee since 2013 and will continue to do so. He will join the Firmís Operating Committee and Management Committee."
08:57 EDTMSGoogle confirms that Morgan Stanley's Ruth Porat to join company as CFO
Subscribe for More Information
08:55 EDTMSGoogle to name Ruth Porat as CFO, Bloombeg reports
Dow Jones previously reported that Porat is leaving Morgan Stanley (MS).
08:53 EDTMSMorgan Stanley CFO Porat leaving bank for role in Silicon Valley, DJ reports
Subscribe for More Information
08:02 EDTPHGPhilips announces joint development agreement with Mt. Sinai Health System
Philips announced a joint development agreement with the Mount Sinai Health System, an integrated health system in New York, to create a state-of-the-art digital image repository of patient tissue samples and innovative data analytics to pursue the discovery of new tissue-based tests and unlock pathology data. The collaboration aims to advance clinical research and ultimately enable better care for complex diseases, including cancer.
07:45 EDTMSMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
Subscribe for More Information
March 23, 2015
08:01 EDTPHGBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
07:19 EDTMSCapital Link to hold a forum
Subscribe for More Information
March 19, 2015
15:46 EDTPHGKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTPHGKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
Subscribe for More Information
11:53 EDTMSU.S. banks face headwinds in unloading oil loans, WSJ says
Subscribe for More Information
08:05 EDTPHGPhilips and Inspirata partner for digital pathology solution development
Subscribe for More Information
06:10 EDTPHGPhilips planning to spin off lighting business in IPO in 1H16, WSJ reports
Subscribe for More Information
March 16, 2015
13:05 EDTMSMorgan Stanley's quarter not shaping up to be strong one, says Rafferty Capital
Rafferty Capital's Dick Bove said Morgan Stanley's current quarter is not shaping up to be a strong one. Bove said industry trade data from the NY Federal Reserve Bank is not that encouraging with fall offs in numbers in key categories. The analyst believes trading is flat to down overall in the quarter and investment banking its not fairing much better. Bove still views Morgan Stanley among his top picks for 2015 despite near-term issues.
12:33 EDTMSMorgan Stanley may be challenged in quarter, says Rafferty Capital
Subscribe for More Information
07:25 EDTPHGChinese consortium enters Philips auction, Reuters says
A consortium consisting of Lattice Power, GSR Ventures, and Temasek has placed a last-minute bid in the auction for Philips' (PHG) lighting components business, reports Reuters, citing two sources familiar with the matter. The sources also said the CVC and KKR (KKR) consortium tabled their potentially leading bid. Philips will enter exclusive talks with the winner early next week. Reference Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use