Morgan Stanley posts 2011 profit despite Q4 loss
New York - AFP
Investment bank Morgan Stanley on Thursday reported a $4.2 billion profit for 2011, amid a late year loss that was not as bad as Wall Street feared. The New York-based bank said it lost a modest $227 million in the fourth quarter, helping to pull profits for the full year down around seven percent from 2010. It has been a difficult year for the firm, with thousands of job cuts announced as well the departure of chairman John Mack. Despite the downscaling, Morgan Stanley still spent $16.4 billion on compensation. Much of the fourth quarter loss was thanks to a loss of $1.7 billion related to municipal bond insurance firm MBIA.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEO
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil Minister
GMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recovers
GMT 19:34 2013 Monday ,22 July
Fasting whilst pregnant depends on health
GMT 05:52 2017 Wednesday ,19 April
Swiss govt. plays down inclusion on US watch list
GMT 21:31 2017 Thursday ,16 March
Kuwaiti emir to visit Turkey next week
GMT 21:46 2017 Sunday ,19 March
Culture minister to open Alexandria book fair Thursday
GMT 22:33 2017 Tuesday ,19 September
Lebanon takes steps toward long overdue electionsGMT 14:13 2012 Friday ,20 July
Melhem Barakat: Najwa and I spread marriage rumoursGMT 06:45 2012 Friday ,29 June
Magdy Kamel: Egyptian audience will suffer in Ramadan
GMT 18:40 2017 Monday ,27 February
Meeting of executive bureau of Arab health ministers to be held on TuesGMT 07:10 2012 Monday ,14 May
Marwan Khoury to Arabstoday: No romance with Sabine Atallah
GMT 10:47 2016 Saturday ,03 December
'Mission accomplished' for emotional
GMT 08:00 2016 Tuesday ,08 November
DEWA receives 30 EOI for 200MW Concentrated Solar Power Plant at Mohammed bin Rashid Al Maktoum Solar Park
GMT 18:24 2017 Sunday ,24 December
Palestinian conjoined twins arrive in RiyadhGMT 12:26 2011 Sunday ,29 May
US ex-Guantanamo guard prays in Makkah
GMT 08:50 2014 Thursday ,17 July
Mercedes S65 AMG CoupeGMT 14:22 2012 Wednesday ,08 August
My heart burns for Syria
GMT 07:33 2017 Thursday ,24 August
Muslims rally in Spain against terrorism
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor