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…
Morgan Stanley proposes China board for multinational listings
SHANGHAI – The head of Morgan Stanley’s China securities business proposed the setting up of an international board in China to allow offshore-listed Chinese companies and foreign firms to list in the…
Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
NEW YORK – Morgan Stanley Chief Executive Officer James Gorman said on Monday that he thinks there is a roughly 50% chance that the U.S. economy will enter a recession, speaking at…
U.S. stock bounce likely just ‘bear market rally,’ says Morgan Stanley strategist
By Lewis Krauskopf NEW YORK – A rebound in U.S. stocks may have another 5% to go but likely remains just a “bear market rally,” according to Morgan Stanley’s equity strategist, who…
Morgan Stanley sees Ukraine GDP slump by 60% in 2022 if “no clear resolution”
LONDON – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict with no clear resolution” following Russia’s invasion.…
CBP Seizes Counterfeit Stanley Cup Championship Rings
CHAMPLAIN, N.Y. – U.S. Customs and Border Protection (CBP) officers at the Champlain Port of Entry Cargo facility seized National Hockey League (NHL) Stanley Cup Championship Rings, due to trademark violations. Earlier this…
Morgan Stanley cuts euro zone GDP forecasts
LONDON – Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating a meaningful slowdown in economic growth in…
Oaktree hires Morgan Stanley to find investor in Italy’s Banca Progetto – sources
By Valentina Za, Pamela Barbaglia and Elisa Anzolin MILAN – Oaktree has hired Morgan Stanley to sell a stake in Banca Progetto in a deal that could value the challenger bank at…
Morgan Stanley expects Fed to hike rates 6 times in 2022
– Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster increase than previously predicted, according to a…
Central banks to embark on “largest quantitative tightening in history” – Morgan Stanley
LONDON – The world’s top central banks are about to embark on “the largest quantitative tightening in history”, analysts at Morgan Stanley said on Friday, estimating that $2.2 trillion worth of support…
Morgan Stanley sees US debt-to-GDP ratio down 7 percentage pts in 2022
– A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in economic growth, analysts at Morgan…
Morgan Stanley CEO Gorman says successor would benefit from global experience
NEW YORK -Morgan Stanley’s Chief Executive James Gorman believes his successor would benefit from global experience as well as strong “core values”, he said in an interview with Reuters Breakingviews. Gorman, 63,…
Stanley, Virginia Man Sentenced to 15 Years for Possession with the Intent to Distribute Methamphetamine
HARRISONBURG, Va. – A Stanley, Virginia man, who was found to be in possession of almost 30 pounds of crystal methamphetamine, a .380 pistol, and more than $30,000 in cash in November…
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