Investment banking, retail brokerage businesses boost Morgan Stanley’s profitNEW YORK — Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate. World markets pause for breath after 7 day rally as investors sift through raft of earningsLONDON — European and U.S. stock markets traded in a narrow range Wednesday as investors paused for breath following a seven-day rally that has sent indexes to their highest levels this year. Another batch of earnings in the U.S. failed to provide renewed buying momentum — but equally did not prompt profit-taking. Morgan Stanley posts loss amid TARP repayment and accounting charge tied to improving creditNEW YORK — Morgan Stanley said Wednesday it lost more than $1.2 billion in the second quarter as it took charges to cover continuing losses in its real estate investments and its repayment of government bailout money. AMR expected to post second-quarter loss on drop in traffic from last yearDALLAS — American Airlines parent AMR Corp. reports second-quarter earnings on Wednesday. The following is a summary of key developments and analyst opinion related to the period. Stocks add to advance after upbeat housing report; Selling in financials caps market’s gainsNEW YORK — Investors slowed their move into the market from a sprint to a walk. Citigroup, Bank of America could all need more cashNEW YORK - Some of the largest banks in the US will be forced to raise billions of dollars more in cash to survive the ongoing financial crisis, according to the findings of government regulators to be released later Thursday. |
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