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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.