Morgan Stanley will pay a $15 million fine to settle charges against its e-mail retention policies. It took five years to bring Morgan Stanley to justice as federal regulator was investing the company since a long time. The company was charged that it has deliberately concealed a large number of electronic information from the Securities [...]
Investment bank Morgan Stanley has announced today that it plans to expand its carbon trading business through a $3 billion investment. This includes projects working on reducing greenhouse gas emissions. This is a significant move towards the expansion of Morgan Stanley’s current carbon trading activities it launched two years back within its commodities division. This [...]
Google Inc. continuing its innovative business policies has decided to offer its employees to sell their stock options online. The search engine giant has planned to create an online auction for its 9,000 employees. Clearly this move will definitely increase the options value to workers at the same time it will help raising the cost [...]
Apax Partners and Morgan Stanley’s chief investment unit has agreed to acquire Chicago insurance brokerage Hub International Ltd. for around $1.7 billion. The decision was revealed by Hub recently that also marked the fact that yet another private-equity move into the brokerage space. Moreover, under the arrangements of the takeover plan, Apax and Morgan Stanley [...]
Inspiring with recent upsurge in the Indian economy, the Trinity Capital listed with the AIM, set to invest $3 billion in coming five years in real estate related project. Trinity has also shown its interest to invest hospitality, commercial and residential real estate, retail and urban rejuvenation along with its partner IL&FS. The fund management [...]
Morgan Stanley, the world’s second- largest securities firm, has agreed to pay $8 million to settle US Securities and Exchange Commission allegations that it defrauded retail investors by failing to give them the best prices possible on trades. The SEC had earlier accused Morgan Stanley to be failed to provide the best execution to more [...]
A former Oracle Corp. vice president has agreed to pay $198,000 to settle insider-trading charges stemming from trades he made in advance of news about acquisitions by the company, federal regulators revealed on Monday. The US Securities and Exchange Commission had earlier alleged that he traded on information provided by his wife, who worked for [...]
Akzo Nobel, the Dutch chemicals company, has improved its offer for British chemicals group, Imperial Chemical Industries (ICI) to more than $15.49 billion (£7.6bn) or 635 pence a share. Earlier, Akzo Nobel had approached British company with $15.28 billion (£7.5bn) or 600p a share offer, but ICI rejected it saying it was too low. After [...]
