Morgan Stanley announced that it plans to sell half of its stake in MSCI Inc.
Fixed income sales and trading revenues plunge
New global high-tech operations centre
Bank of Canada expected to cut rates agressively
Recession “fully evident”
1,000 jobs to be cut in U.S., UK
Firm encourages aggressive interest rate cuts
But risk of domestic recession low
Morgan Stanley today announced that it has agreed to acquire a minority equity stake in NGEN Partners, LLC, a venture capital firm which invests in companies that focus on clean technologies.The firm says that its investment, which it calls the first by a major Wall Street firm in a clean technology venture firm, underscores Morgan […]
Morgan Stanley analysts predict no growth in overall GDP for the year ending in Q3 2008