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Dow Climbs to Finish at New 5-Year High
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AP - Stocks rose Wednesday on upbeat news from big companies: a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley and a cost-cutting deal between General Motors Corp., Delphi Corp. and the United Auto Workers. The gains were enough to push the Dow Jones industrial average to a new five-year high.
Dow Closes Up 82, Nasdaq Finishes Up 9
YAHOO
AP - Stocks rose Wednesday on upbeat news from big companies: a patent settlement by Bristol-Myers Squibb, strong earnings from Morgan Stanley and a cost-cutting deal between General Motors Corp., Delphi Corp. and the United Auto Workers. The gains were enough to push the Dow Jones industrial average to a new five-year high.
Morgan Stanley 1st-quarter earnings rise
YAHOO
Reuters - Morgan Stanley on Wednesday said quarterly profit and revenue rose 17 percent, both to record highs, as investment banking surged, retail businesses rebounded from past disappointments and trading income remained strong.
Blog: No Pants, No Service at Tournament
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AP - As March Madness gets underway, AP sportswriters will be filing periodic, behind-the-scenes reports from the NCAA tournament:
Lofton's Great Shot Lifts Tennessee
YAHOO
AP - Dane Bradshaw was describing his part in Tennessee's winning play when a replay of it suddenly appeared on the locker room TV. "Hold on, we've got to see this," he said.
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Lofton's Great Shot Lifts Tennessee
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AP - Chris Lofton's remarkable shot allowed Tennessee to avoid a major upset and sent the Volunteers into the NCAA tournament's second round for the first time in six years.
Sources: YAHOO
Hall of Fame Referee Red Storey Dies at 88
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AP - Red Storey, who refereed seven straight Stanley Cup finals during the 1950s and was later elected to hockey's Hall of Fame, died Wednesday. He was 88.
Sources: YAHOO
'Big Night' alumni Tucci, Scott land pilot gigs
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Reuters - Stanley Tucci is set to co-star in an untitled medical drama pilot at CBS.
Sources: YAHOO
Duke Makes Finals Despite Hobbled Redick
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AP - With J.J. Redick hobbled by a knee injury, freshmen Greg Paulus and Josh McRoberts stepped in to carry Duke to familiar territory — the final of the Atlantic Coast Conference tournament.
Sources: YAHOO
Morgan Stanley gets in China's ICBC bank IPO mix
YAHOO
Reuters - Investment bank Morgan Stanley has won a role in the $12 billion IPO of China's biggest commercial bank, Industrial and Commercial Bank of China , after originally having been snubbed.
Sources: YAHOO
Xavier Beats UMass at A-10 Tournament
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AP - Stanley Burrell scored 22 points Wednesday, leading a long-range shooting attack that carried Xavier to a 75-66 victory over Massachusetts in the first round of the Atlantic 10 tournament.
Sources: YAHOO
Morgan Stanley in talks to buy China broker: sources
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Reuters - Morgan Stanley is in talks to buy up to half of troubled Chinese broker AJ Securities to bolster its leading position among foreign investment banks in China, two sources close to the situation said on Tuesday.
Sources: YAHOO
Morgan Stanley sees lower 1st-half Discover losses
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Reuters - Morgan Stanley's Discover credit card unit is expected to benefit from lower credit losses in the first half of fiscal 2006, but overall the company may suffer from slower U.S. credit card industry growth, the investment bank said in its annual report Monday.
Sources: YAHOO
Gov't Seeks $16M Unpaid Mine Safety Fines
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AP - Kentucky mine operator Stanley Osborne has accumulated more than $200,000 in safety fines since the 1980s, but the federal government has not been able to collect the money.
Sources: YAHOO
Tocchet's Grit Made Him Great on Ice
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AP - Rick Tocchet did it all in 18 NHL seasons. He scored, he checked, he punched. He won two Canada Cup titles with Wayne Gretzky, lost twice to him in the Stanley Cup finals and played with him on the Los Angeles Kings.
Sources: YAHOO
Dealmakers wrestle for next big China bank IPO
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Reuters - Morgan Stanley, Merrill Lynch and rival investment banks are jostling to underwrite a $10 billion listing of Industrial & Commercial Bank of China, potentially the mainland's biggest IPO and one that could yield $300 million in banking fees.
Sources: YAHOO
No penalty for gun death officers
BBC
Two police marksmen will not face internal discipline over the death of Harry Stanley in east London in 1999.
Sources: BBC
Morgan Stanley senior bankers Brown, Medici quit
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Reuters - Morgan Stanley's vice chairman of investment banking, Douglas Brown, a senior banker who worked with some of the Wall Street firm's biggest clients, quit earlier this week amid a continued shake-up of its ranks.
Sources: YAHOO
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