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.
Brazil, France sign multi-billion dollar arms pactSeptember 7th, 2009 BRASILIA - Brazil and France have signed a major arms pact worth billions of dollars that includes transfer of key military technologies, building of submarines and purchase of helicopters. The agreement was sealed after a meeting between French President Nicolas Sarkozy and his Brazilian counterpart Luiz Inacio Lula da Silva here Monday.
Brandywine Realty announces purchase of $100 million of notesSeptember 3rd, 2009 Brandywine Realty announces purchase of notesRADNOR, Pa. — Brandywine Realty Trust, a real estate investment trust, said Thursday it completed the purchase of $100 million of its 5.75 percent notes.
RadioShack plans to purchase up to $350 million outstanding notesAugust 28th, 2009 RadioShack to purchase notesFORT WORTH, Texas — RadioShack Corp. on Friday said that it plans to purchase up to $350 million of outstanding notes.
Indian Army inducts first indigenous T-90 tanksAugust 24th, 2009 Indo-ASIAN NEWS SERVICE
AVADI - The first batch T-90 tanks manufactured in India under license from Russia were Monday handed over to the Indian Army. After a delay of one year, the first batch rolled out of the Heavy Vehicles Factory (HVF) here.
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.
CenturyTel completes purchase of Embarq, creating CenturyLink telephone providerJuly 1st, 2009 CenturyTel completes purchase of EmbarqMONROE, La. — CenturyTel Inc.
Morgan Stanley, Mitsubishi UFJ to form 50-50 corporate financing joint ventureJuly 1st, 2009 Morgan Stanley, Mitsubishi UFJ to form finance JVTOKYO — Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financing business in the U.S., Canada and Latin America. Mitsubishi UFJ is eager to expand its reach overseas and took a major step late last year, when it paid $9 billion for a 21 percent stake in Morgan Stanley.
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.
Mitsubishi UFJ to boost acquisition of Morgan Stanley's common stockMay 13th, 2009 Mitsubishi UFJ boosts swap of Morgan Stanley stockTOKYO — Japan's biggest bank, Mitsubishi UFJ Financial Group Inc., said Wednesday it will swap a larger amount of its preferred shares in Morgan Stanley for common stock to keep its voting rights stake of the U.S. bank above 20 percent.
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.
Seahawks, linebacker Leroy Hill reach long-term agreementMay 1st, 2009 Seahawks, Hill agree to long-term dealSEATTLE — The Seattle Seahawks and starting outside linebacker Leroy Hill have reached agreement on six-year contract worth a guaranteed $15.5 million. The deal could potentially be worth $38 million.
Nafisa Ali richer than Sonia, Rahul put togetherApril 8th, 2009 LUCKNOW - Nafisa Ali, the Samajwadi Party's nominee for the Lucknow seat, is wealthier than Congress president Sonia Gandhi and her MP son Rahul Gandhi put together, according to her affidavit filed here Wednesday along with the nomination papers. As per the affidavit, Nafisa Ali and her husband, an ex-army colonel, together own assets of about Rs.50 million (Rs.5 crores), as against Sonia Gandhi and Rahul Gandhi's combined worth of less than Rs.40 million (Rs.4 crores).
Orchid Pharma buys its bonds to save on interest costMarch 31st, 2009 CHENNAI - The city-based bulk drug manufacturer Orchid Chemicals and Pharmaceuticals has purchased $12.1 million worth of bonds from the market and is in the process of extinguishing them to save on interest costs. This is the second such purchase in recent times by the company, which March 26 announced it had bought $25.7 million worth of bonds.
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