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August 29, 2012 |

Morgan Stanley win on brokerage may ultimately be loss

Morgan Stanley is arguing that the brokerage is worth less than half what Citigroup says as it adds a 14 percent stake to the 51 percent the investment bank currently owns.
10 minute read
November 06, 2012 |

Office Depot-OfficeMax merger seen rescuing lost value

Merging Office Depot Inc. with OfficeMax Inc. would help reverse the U.S. retail industry's worst valuations.
6 minute read
January 07, 2013 |

VerdictSearch

Plaintiff wasn't constructively discharged, jury finds. Jury sides with employer over worker's discrimination claim. Jury sides with surgeon who performed cervical procedure. Pedestrian struck by truck 
gets $35,000. Jury awards $10,314 to plaintiff hit by oncoming car. No award for plaintiff claiming neck and back injuries. Plaintiffs get small award for back, neck, shoulder claims. Worker who lost arm in baler gets $3.1 million.
6 minute read
November 01, 2012 |

Gas golden age darkens in Europe on U.S. coal: energy markets

Europe is missing out on the natural gas boom that is transforming energy use in the U.S. and Asia, instead burning cheaper, dirtier coal imported from America.
8 minute read
April 15, 2013 |

Am Law 100 Foursome Advise on $1.3 Billion Wealth Management Sale

Cleary, Davis Polk, and Skadden have landed lead roles on the proposed $1.3 billion sale of National Financial Partners—a New York-based insurance brokerage and wealth management firm run by the daughter of former Citigroup CEO Sanford Weill—to Chicago-based private equity firm Madison Dearborn Partners, which for the first time tapped Ropes & Gray to handle an acquisition.
5 minute read
May 28, 2008 |

Expert expects more Wall Street dismissals

It's as if the entire workforce at Goldman Sachs Group Inc. and Morgan Stanley vanished in less than a year. From Tokyo to London to New York, financial companies announced plans to shed more than 83,000 jobs since last July as revenue and compensation pools evaporated, according to figures compiled by Bloomberg. The dismissals range from 90 jobs, or 0.
2 minute read
January 25, 2013 |

P&G beats estimates with second-quarter profit

Procter & Gamble Co. raised its 2013 earnings forecast after gaining U.S. market share and posting quarterly profit that beat analysts' estimates.
1 minute read
November 26, 2012 |

UnitedHealth forecasts 2013 profit below analyst estimates

UnitedHealth Group forecasted earnings in 2013 will be $5.25 to $5.50 a share, while revenue will be $123 billion to $124 billion. Analysts anticipated $5.58 a share and $119.4 billion.
2 minute read
May 19, 2009 |

Lowe's tops analysts' estimates on sales of outdoor products

Lowe's Cos., the second-largest U.S. home-improvement retailer, posted first-quarter earnings that fell less than analysts estimated, helped by sales of more-profitable shrubs and flowers. Sales of goods for smaller outdoor home-improvement projects accounted for 35 percent of revenue, Chief Executive Officer Robert Niblock said Monday on a conference call with investors and analysts.
2 minute read
May 09, 2012 |

HSBC profit beats analysts' estimates on emerging markets

HSBC Holdings, Europe's largest bank, said first-quarter profit rose 26 percent, beating analysts' estimates, helped by increased income at its securities unit and a decline in U.S. loan losses.
2 minute read

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