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Stanley Sabatel Convicted in Luzerne County Drug Trafficking Case
HARRISBURG, PA – A jury has convicted Stanley Sabatel, the primary supplier in a Luzerne County drug trafficking organization, of multiple felony charges, announced Attorney General Michelle Henry on Wednesday. The conviction…
Stanley Cup Gets State Police Security During Weekend Stadium Series in New Jersey
East Rutherford, NJ – The New Jersey State Police played a crucial role in ensuring the safety of over 140,000 fans at the NHL Stadium Series event at MetLife Stadium. The weekend-long…
Morgan Stanley Direct Lending Fund’s shares tick down in market debut
(Reuters) – Shares of Morgan Stanley Direct Lending Fund (MSDL) dipped 1% in their market debut on Wednesday, as investor appetite for new issues continues to remain muted. The fund chiefly invests…
Morgan Stanley Direct Lending Fund raises $103.35 million in IPO
(Reuters) – Morgan Stanley Direct Lending Fund said on Tuesday it had raised $103.35 million in its initial public offering. The fund chiefly invests in riskier bonds, like those issued by middle-market…
Stanley Water Bottle Craze Leads to Outrageous Theft in Roseville
ROSEVILLE, California – In an unusual theft incident, a woman was apprehended by police for stealing Stanley water bottles valued at approximately $2,500. The Roseville Police Department responded to the theft, which…
Morgan Stanley appoints Vince Lumia as head of wealth management client segments
NEW YORK (Reuters) – Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen by Reuters. In the memo, Jed Finn,…
Morgan Stanley promotes 155 employees to managing directors -source
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -Morgan Stanley promoted 155 employees to become managing directors this year, fewer than its 2023 cohort of 184, said a person familiar with…
Foreign funds accelerated China equity sell-off in December -Morgan Stanley
By Summer Zhen HONG KONG (Reuters) – Global long-only funds offloaded China equities at the fastest pace of 2023 in December as they rushed to meet redemption requests and to diversify away…
Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported on Wednesday,…
Hedge funds went on stock-buying spree ahead of job data -Morgan Stanley
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds went on a stock-buying spree just ahead of a U.S. jobs report that drove the S&P 500 and Nasdaq to their highest…
Morgan Stanley urges higher quality corporate bonds as 2024 maturities approach
By Matt Tracy (Reuters) – Investment bank Morgan Stanley is recommending that corporate bond investors focus on higher quality investment-grade and high-yield bonds headed into next year, as a wave of maturities…
Morgan Stanley appoints Jed Finn as head of wealth management – memo
(Reuters) – Morgan Stanley has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on Monday. Finn, currently the chief operating officer…
Morgan Stanley sees S&P 500 ending 2024 at 4,500
(Reuters) – Morgan Stanley said on Monday it expects the S&P 500 to end 2024 at 4,500, and predicted earnings recovery through the year. The target represents a 2% upside from current…
S&P 500 rally in Q4 “more likely than not” despite headwinds – Morgan Stanley
(Reuters) – A rally in the S&P 500 in the fourth quarter of 2023 “is more likely than not”, Morgan Stanley’s Michael Wilson said in a note. Wilson and other strategists said…
Morgan Stanley sees greater chance for Brazilian IPOs next year
By Paula Arend Laier SAO PAULO (Reuters) – While Brazilian investors have endured two straight years without any local companies launching initial public offerings (IPOs), that could change in 2024, a senior…
Banks stocks back in vogue for hedge funds in September -Morgan Stanley
By Nell Mackenzie LONDON (Reuters) – Global hedge funds raced to load up on bullish positions in banks, insurance companies and capital markets as September drew to a close, Morgan Stanley said…
Morgan Stanley sued for $750 million by lenders to rail line, who claim fraud
NEW YORK (Reuters) – Morgan Stanley was sued on Monday for at least $750 million by private equity firms that claimed they were defrauded in an investment with a high-speed rail company.…
US junk debt issuers use window to extend liabilities but at higher costs -Morgan Stanley
By Matt Tracy (Reuters) – U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term liabilities. But they were doing so at…
Goldman, Morgan Stanley to shine amid struggle for large-cap banks – HSBC
By Aniruddha Ghosh (Reuters) – Goldman Sachs and Morgan Stanley are poised for stronger results next year compared to other large-cap U.S. banks as dealmaking on Wall Street picks up and asset…
Debt-laden Altice in talks to sell data centres to Morgan Stanley – Les Echos
PARIS (Reuters) – Cable and telecoms group Altice is nearing a deal to sell its data centres in France to Morgan Stanley Infrastructure Partners, Les Echos reported on Wednesday, as the group…
Morgan Stanley turns “bearish” on emerging market FX again
LONDON (Reuters) – Morgan Stanley’s analysts returned to a ‘bearish’ stance on emerging market FX on Tuesday, predicting China’s economic strains would continue to push down its currency and flagged the growing…
U.S. stocks may start to question economic resilience, says Morgan Stanley
(Reuters) – The S&P 500 will likely struggle to make more headway after rallying almost 14% so far this year as investors start to question the sustainability of the U.S. economy’s resilience,…
Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut
(Reuters) – Brokerage Morgan Stanley on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after the downgrade of sovereign debt by ratings…
Stanley Black & Decker posts narrower-than-expected quarterly loss on cost cuts
(Reuters) – Stanley Black & Decker reported a lower-than-expected loss in the second quarter on Tuesday, as cost cut measures cushioned a hit from cooling demand for its power tools. The industrial…
Morgan Stanley cuts Israel sovereign credit to “dislike stance” after judiciary changes
By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in a series of laws sought by Prime…
Morgan Stanley lifts 2023 US growth forecast on expectation of infrastructure investment
(Reuters) – Morgan Stanley raised U.S. economic growth forecast for the year on a strong industrial sector and more public investment in infrastructure, and expects a “comfortable” soft-landing for the economy. Economists…
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