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Wall Street Legends No 27 - Benjamin Edwards

Benjamin Edwards

Benjamin Franklin Edwards III was a stockbroker who expanded A. G. Edwards, a brokerage firm founded by his great-grandfather, from a regional firm to a nationwide stockbroking powerhouse, building it into the largest American brokerage firm headquartered outside of New York City.

Morgan Stanley - Moving The Needle

Morgan Stanley HQ

Morgan Stanley posted a profit of $968m in the first-quarter, after trading revenues almost tripled from the fourth-quarter, although earnings fell 45% compared to Q1 2010. The firm also took a bath from its 40% ownership in Mitsubishi UFJ Morgan Stanley, which lost $1.54bn in its last quarter due to trading losses.

Sexist Comment Of The Month

Kenwood Advert

The Telegraph reports that new Glencore chairman Simon Murray has been widely criticized for the 'sexist remarks' he made in a recent interview with the newspaper's sister Sunday Telegraph publication.



Storm clouds

'Ludicrous' that exchanges open during storm

The Northeast is bracing for a snowstorm of "potential historic" proportions , with New York and New Jersey declaring a state of emergency, but the stock exchanges in New York plan to be open Tuesday.