Is it time to buy Morgan Stanley and Goldman?
NEW YORK (Reuters) - Goldman Sachs Group Inc and Morgan Stanley are not the companies they used to be.
AIG CEO expects "for sale" list next week
NEW YORK (Reuters) - American International Group Inc should have a list of assets it wants to sell by next week, its new chief executive said on Monday, as the company prepares to split itself up to repay an emergency bailout loan.
Bailout uncertainty sinks Wall Street
NEW YORK (Reuters) - Stocks tumbled on Monday as investors worried a $700 billion bailout for the financial sector may not resuscitate a slumping economy, while a record spike in oil prices renewed concern about consumer spending.
Unexpectedly, Las Vegas hit by downturn
LAS VEGAS (Reuters) - Sue Garrett, in Las Vegas for a birthday party earlier this month, went to what she considers extraordinary lengths to hold down the cost of her trip.
Morgan Stanley to sell Mitsubishi 20 percent stake
NEW YORK (Reuters) - Morgan Stanley agreed to sell an equity stake of as much as $8.5 billion to top Japanese bank Mitsubishi UFJ Financial Group Inc, speeding up its transformation into a commercial bank and improving its survival prospects in turbulent times.
Lehman units acquired by Barclays reopen
NEW YORK (Reuters) - A series of former Lehman Brothers businesses reopened on Monday, after a U.S. bankruptcy court approved their sale on Saturday to Barclays Plc, but sales and trading businesses are not yet open.
3Com shares surge after strong results
NEW YORK (Reuters) - U.S. network equipment maker 3Com Corp reported stronger-than-expected fiscal first-quarter results on sales in China and forecast even better sales in the current quarter, sending the shares up 12 percent in after-hours trade on Monday.
Wachovia, JPMorgan, Wells Fargo tumble
NEW YORK (Reuters) - Shares of several major U.S. banks suffered steep declines Monday as investors speculated that Wachovia Corp won't merge with Morgan Stanley , while JPMorgan Chase & Co and Wells Fargo & Co were downgraded.
BofA's big challenge seen keeping Merrill advisers
NEW YORK (Reuters) - Merrill's "thundering herd" may be stampeding into the sunset.
Bailout debate mulls making Wall Street pay
NEW YORK (Reuters) - The planned $700 billion bailout to shore up the battered U.S. financial system looked set to drag into next week as Washington lawmakers haggled over how exactly they could make Wall Street pay for its rescue.
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