Morgan Stanley - the best personalized free web-based Email en en Morgan Stanley Ford taps former office furniture executive to be new CEO DEARBORN, Michigan (AP) — The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but also invest in self-driving cars and other projects that could one day make that business obsolete. Ford thinks Jim Hackett is up to the task. The 62-year-old former chief executive of office furniture maker... Mon, 22 May 2017 21:21:00 GMT 2017-05-22T21:21:00Z Losses at JC Penney double, sales slide, as do shares PLANO, Texas (AP) — Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear as bad as many industry analysts had expected, many soured on even that after a closer look. "Don't be fooled by the bottom line beat; it was ent... Fri, 12 May 2017 13:57:00 GMT 2017-05-12T13:57:00Z American gives employees pay raises; Wall Street balks FORT WORTH, Texas (AP) — American Airlines is giving pay raises to its pilots and flight attendants, who have complained they are paid less that peers at other airlines. Wall Street isn't happy. The raises come about two years before contract negotiations. Assuming they approve the increases, pilots and flight attendants will receive extra pay totaling close to $1 billion ov... Thu, 27 Apr 2017 15:45:00 GMT 2017-04-27T15:45:00Z AP Exclusive: Price tag of North Carolina's LGBT law: $3.76B RALEIGH, N.C. (AP) — Despite Republican assurances that North Carolina's "bathroom bill" isn't hurting the economy, the law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years, according to an Associated Press analysis. Over the past year, North Carolina has suffered financial hits ranging from scuttle... Mon, 27 Mar 2017 21:29:00 GMT 2017-03-27T21:29:00Z Making autonomous car play, Intel offers $15B for Mobileye DETROIT (AP) — Computer chip maker Intel paid handsomely for a piece of the next big thing Monday as it offered more than $15 billion for Mobileye, an Israeli company at the forefront of autonomous vehicle technology. The purchase, scheduled to close by year's end, creates another major player in self-driving technology as traditional automakers and tech ... Mon, 13 Mar 2017 21:05:00 GMT 2017-03-13T21:05:00Z A robust February jobs report points to resilient US economy WASHINGTON (AP) — U.S. employers added a robust 235,000 jobs in February and raised pay at a brisk pace — signs that a resilient economy has given many companies the confidence to hire in anticipation of solid growth ahead. With the unemployment rate dipping to a low 4.7 percent from 4.8 percent, the job market appears to be fundamentally healthy or nearl... Sat, 11 Mar 2017 12:25:00 GMT 2017-03-11T12:25:00Z Americans buy existing homes at fastest pace in a decade WASHINGTON (AP) — Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Home sales rose 3.3 percent in January from December to a seasonally adjusted annual rate of 5.69 million,... Wed, 22 Feb 2017 16:47:00 GMT 2017-02-22T16:47:00Z Disney's wonderful world may be too good to last NEW YORK (AP) — Disney has been on a tear the past few years, thanks to popular channels like ESPN, its "Star Wars" and Marvel superhero franchises, and improving results at its global parks. Now comes the hard part. CEO Robert Iger's contract runs out next year, creating management uncertainty just as Disney needs to keep its lucrative... Tue, 07 Feb 2017 22:59:00 GMT 2017-02-07T22:59:00Z Goldman Sachs results beat estimates, helped by trading NEW YORK (AP) — Goldman Sachs reported fourth-quarter earnings that beat analysts' forecasts Wednesday as the bank recovered from a difficult quarter a year earlier. Results were particularly strong at Goldman's trading desks in the last three months of the year. The New York-based investment bank earned $2.35 billion, or $5.08 a share, compared with $765... Wed, 18 Jan 2017 14:47:00 GMT 2017-01-18T14:47:00Z Citigroup's earnings beat analysts' forecasts NEW YORK (AP) — Financial giant Citigroup reported a 7 percent rise in fourth quarter profits on Wednesday, helped by a strong performance in the bank's trading business, a theme that has repeated itself with all the major Wall Street banks this quarter. The New York-based company said it earned $3.57 billion in the fourth quarter, or $1.14 per share, com... Wed, 18 Jan 2017 13:41:00 GMT 2017-01-18T13:41:00Z Fed has 8 biggest US banks shift loss burden to investors WASHINGTON (AP) — The eight biggest U.S. banks will be required to build new cushions against losses that would shift the burden to investors. The action by the Federal Reserve was the latest bid by regulators to reduce the chances of future taxpayer bailouts. The Fed governors led by Chair Janet Yellen voted 5-0 Thursday to lay down the new requirements.... Thu, 15 Dec 2016 17:42:00 GMT 2016-12-15T17:42:00Z