Key Developments For Morgan Stanley

Citigroup Inc. In Discussions With Morgan Stanley To Consider Combination Of Retail Brokerage BusinessTuesday, 13 Jan 2009 09:34am EST
Citigroup Inc. announced that it is in discussions with Morgan Stanley concerning a possible combination of the retail brokerage business operated under the Smith Barney name and the wealth management business operated by Morgan Stanley. No definitive agreement has been reached, and no assurance can be given that any such agreement will be reached.

Citigroup Inc. In Talks To Merge Brokerage With Morgan Stanley-ReutersFriday, 9 Jan 2009 04:37pm EST
Reuters reported that according to a source familiar with the matter, Citigroup Inc. is in talks to sell its Smith Barney brokerage unit, and is considering a joint venture with Morgan Stanley to merge their respective brokerage units. Under the plan being discussed, Morgan Stanley would own 51% of the joint venture and Citigroup would own the rest. Citigroup would cede operational and strategic control of the retail brokerage business to Morgan Stanley. Morgan Stanley would expect to buy the rest of Citigroup's Smith Barney business over the next three to five years, the source said. Citigroup and Morgan Stanley declined to comment.

Morgan Stanley Files Automatic Mixed Securities Shelf-DJTuesday, 23 Dec 2008 02:12pm EST
Dow Jones reported that Morgan Stanley and affiliates filed with the Securities and Exchange Commission to sell an undisclosed amount of mixed securities from time to time. The mixed securities include Morgan Stanley warrants, common and preferred stock, debt securities, depositary shares, purchase contracts and units. They also include capital securities of Morgan Stanley Capital Trusts three through 13, and guarantees of Morgan Stanley with respect to capital securities. Morgan Stanley said it plans to use net proceeds from the sale for general corporate purposes, which may include, additions to working capital, the repurchase of outstanding common stock and the repayment of indebtedness. Morgan Stanley said it anticipates raising additional funds from time to time through equity or debt financing, including borrowings under revolving credit agreements, to finance its businesses worldwide.

Morgan Stanley's Morgan Stanley Private Equity Asia Buys Stake In Biotor Industries-DJTuesday, 23 Dec 2008 06:54am EST
Dow Jones reported that Morgan Stanley Private Equity Asia, the Asian private equity group of Morgan Stanley, has bought a minority stake in Biotor Industries for INR1.8 billion. It didn't reveal the size of the stake in Biotor, which manufactures castor oil and castor derivatives.

Morgan Stanley Announces Change In Fiscal Year End; Declares Quarterly DividendWednesday, 17 Dec 2008 08:00am EST
Morgan Stanley announced that on December 16, 2008, its Board of Directors approved a change in the Firm’s fiscal year end from November 30 to December 31 of each year. This change to a calendar year reporting cycle will begin January 1, 2009. As a result of the change, the Company will have a December 2008 fiscal month transition period, the results of which are expected to be separately reported in the Company's Quarterly Report on Form 10-Q for the new calendar first quarter ending March 31, 2009 and in the Company's Annual Report on Form 10-K for calendar year 2009. The Company expects this change to also impact any record dates and payment dates for any dividends to be paid on the Company’s common stock, as may be approved by the Board in the future, as compared to such dates in fiscal 2008. The Company announced that its Board of Directors declared a $0.27 quarterly dividend per common share. The dividend is payable on February 13, 2009, to common shareholders of record on January 30, 2009.




The Securities Law Firm Of Tramont Guerra & Nunez, PA Announces Securities Arbitration Claim Filed Against Morgan StanleyMonday, 8 Dec 2008 08:01am EST
The Securities Law Firm of Tramont Guerra & Nunez, PA (TGN) announced the filing of a securities arbitration claim against Morgan Stanley with the Financial Industry Regulatory Authority (FINRA) for sales practice violations. The securities arbitration claim alleges sales practice violations which include excessive activity, known as churning and violation of NASD Notice to Members 04-89, Compliance Bulletin titled Liquefied Home Equity. The securities arbitration claim, filed with FINRA, alleges account churning of an account which lost roughly 80% of its value over a four month period. The arbitration claim alleges conclusive evidence of churning based on the level of turnover of the account assets during the period at issue. The source of the funds for the account assets was from the refinancing of the client's personal residence.

Chicago Parking Meters, LLC Selected As Winning Bidder For Chicago Metered Parking SystemWednesday, 3 Dec 2008 08:00am EST
Morgan Stanley announced that Chicago Parking Meters, LLC, a consortium led by its infrastructure investment group that is part of the Firm’s Investment Management Division, has been selected by the City of Chicago as the winning bidder for the 75 year concession of the Chicago Metered Parking System (the System or metered parking system). Chicago Parking Meters, LLC submitted a bid of $1.15 billion for the metered parking system. LAZ Parking (LAZ) will be responsible for the operation of the System. The metered parking system has approximately 36,000 parking meters throughout the City of Chicago. The City retains all power and authority to set rates and periods of stay and operation for all of the parking meters in the System. The concession is subject to the approval of the Chicago City Council, and the closing is expected to occur in the first quarter of 2009.

Morgan Stanley Lays Off 15% Of Dubai Office-DJSunday, 30 Nov 2008 11:27pm EST
Dow Jones reported that Morgan Stanley laid off almost 15% of its workforce in Dubai last week.

Morgan Stanley Sells $5.25 Billion In Notes-ReutersWednesday, 26 Nov 2008 10:47am EST
Reuters reported that Morgan Stanley sold $5.25 billion of debt in a three-part deal backed by the Federal Deposit Insurance Corp. The bank offered $2.25 billion of two-year fixed-rate notes at 180 basis points over the 1.25% Treasury due in November 2010. It also offered a second tranche of $2.5 billion of three-year fixed-rate notes that priced at 186 basis points over comparable Treasuries. The bank offered a third tranche of $500 million three-year floating-rate notes at the three-month London Interbank Offer Rate plus 85 basis points.

Morgan Stanley Buys 19.9% Of Hangzhou Industrial & Commercial Trust Co. For $29 Million-DJTuesday, 25 Nov 2008 11:05pm EST
Dow Jones reported that Morgan Stanley has acquired 19.9% of China's Hangzhou Industrial & Commercial Trust Co. for CNY200 million ($29 million).