| Morgan Stanley swings to profit (at MarketWatch) Morgan Stanley said on Wednesday that its fourth quarter results swung to a profit, but issues related to its own debt securities weighed against it, and the firm missed Wall Street estimates. us.rd.yahoo.com |
The Spiraling Debt of Greece and Other PIIGS (at Minyanville.com) We may be close to a "Lehman/Merrill/AIG kind of September weekend", but with no buyer of last resort. us.rd.yahoo.com |
Crisis panel issues subpoena to Goldman (at Financial Times) The US Financial Crisis Inquiry Commission has launched a sharp attack on Goldman Sachs GS for its "abysmal" response to requests for information and issued a subpoena to compel it to provide documents and executives for interviews. us.rd.yahoo.com |
Way clear for Wall Street overhaul (at Financial Times) The US Congress finalised a major regulatory overhaul of the financial sector on Friday that would impose a $19bn levy on Wall Street, and force banks such as Goldman Sachs GS and Morgan Stanley MWD to retreat from lucrative businesses. us.rd.yahoo.com |
Why Armajaro Holdings' Attempt at Cornering the World Cocoa Markets Is Destined to Fail (at Minyanville) Contrarian investors may want to take a look at Tootsie Roll or Hershey, one money manager says. us.rd.yahoo.com |