InfoSpace names independent investor Braden Kelly to its board of directorsSeptember 21st, 2009 InfoSpace names new board memberBELLEVUE, Wash. — InfoSpace Inc.
Mack to step down as Morgan Stanley CEO in Jan., will remain chairman; Gorman to take helmSeptember 10th, 2009 John Mack to step down as Morgan Stanley CEONEW YORK — John J. Mack will step down as CEO of Morgan Stanley in January but will continue as chairman, the investment bank announced Thursday.
Morgan Stanley chief to step asideSeptember 10th, 2009 NEW YORK - Morgan Stanley investment bank chief John Mack will step aside at the end of the year, the company announced late Thursday in New York. The 64-year-old will be succeeded by James Gorman, 51, who is currently co-president of the firm.
Morgan Stanley's president of Middle East and North Africa ops, Georges Makhoul, leaving bankSeptember 9th, 2009 Morgan Stanley's Makhoul is leaving firmNEW YORK — Morgan Stanley said Wednesday its president of Middle East and North Africa operations, Georges Makhoul, is leaving the bank. Habib Achkar will take on the role of regional manager for the New York-based bank's Middle East and North Africa operations.
First Solar names Robert Gillette CEO, board member, effective October 1September 3rd, 2009 First Solar names Robert Gillette CEOTEMPE, Ariz. — First Solar Inc., nation's largest solar panel maker, on Thursday named Robert Gillette CEO, succeeding Mike Ahearn.
Morgan Stanley to buy Shanghai complex from Chinese developer for $358.5MAugust 18th, 2009 Morgan Stanley to buy Shanghai complex for $358.5MNEW YORK — Chinese developer SOHO China Ltd. has agreed to buy a multistory office and retail complex in Shanghai, The Exchange, from Morgan Stanley's real estate fund for about $358.5 million.
Morgan Stanley buys back warrants tied to TARP from Treasury Department for $950 millionAugust 6th, 2009 Morgan Stanley repurchases TARP warrantsNEW YORK — Morgan Stanley said Thursday it paid $950 million to buy back warrants from the government that could have eventually been converted to common shares in the bank. New York-based Morgan Stanley issued the warrants to the Treasury Department as part of the loan package it received under the Troubled Asset Relief Program.
Veteran of Morgan Stanley to be NYC's new finance chiefJuly 29th, 2009 Wall Street exec to be NYC finance chiefNEW YORK — Mayor Michael Bloomberg is tapping a Morgan Stanley executive to be his new finance commissioner. The previous commissioner resigned in April.
Person familiar with situation says Morgan Stanley to repay bailout money WednesdayJune 17th, 2009 AP Source: Morgan Stanley to repay TARP WednesdayNEW YORK — Morgan Stanley is expected to repay its government bailout money on Wednesday, according to a person familiar with the talks between the bank and the government. The investment bank will return all of the $10 billion in loans it received last fall during the height of the credit crisis, said the person, who spoke on condition of anonymity because he is not authorized to speak publicly about the bank's plans.
Morgan Stanley pays back Treasury $10 billion in bailout fundsJune 17th, 2009 Morgan Stanley pays back $10B in bailout fundsNEW YORK — Morgan Stanley said Wednesday it repaid the $10 billion it received last fall as part of the government's $700 billion bank investment program. Morgan Stanley received the money as part of the Treasury Department's Troubled Asset Relief Program to help revive the stagnant credit and lending markets amid one of the worst periods of the credit crisis.
Japan's biggest bank to swap $600 mln of Morgan Stanley preferred shares for common stockMay 11th, 2009 Mitsubishi swapping $600 mln Morgan Stanley sharesTOKYO — Japan's biggest bank, Mitsubishi UFJ Financial Group Inc., said Monday it will swap $600 million of its preferred shares in Morgan Stanley for common stock to keep its voting rights stake of the U.S. bank above 20 percent.
Morgan Stanley to sell $3.5 billion in stock, $4 billion in notes after 'stress tests'May 8th, 2009 Morgan Stanley offers $3.5 billion in stockNEW YORK — Morgan Stanley is offering 146 million common shares for $24 each in an effort to raise gross proceeds of $3.5 billion. The company is also pricing an offering of $4 billion in bonds.
Morgan Stanley seeks to raise $5 billion in fresh capital after government stress testsMay 8th, 2009 Morgan Stanley plans $5 billion capital raiseNEW YORK — Morgan Stanley is planning to raise $5 billion after government's stress tests showed the investment bank needs more capital. Morgan Stanley said Thursday it has begun a $2 billion public offering of common stock.
Morgan Stanley shareholders re-elect board; vote against splitting chairman and CEO rolesApril 29th, 2009 Morgan Stanley shareholders re-elect boardPURCHASE, N.Y. — Morgan Stanley's John Mack was in an enviable position — a financial company CEO chairing a peaceful annual meeting.
Citigroup exploring brokerage unit's merger with Morgan StanleyJanuary 12th, 2009 NEW YORK - Citigroup is in talks to merge its brokerage unit, Smith Barney, with rival Morgan Stanley, the US bank said in New York Tuesday. No agreement has been reached, Citigroup said in a statement.