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| Talbots to refinance, buy out majority shareholder (AP) December 8, 2009 at 6:04 pm |
| Women's clothing chain Talbots Inc. said Tuesday that it plans a complex refinancing deal that will let it buy out its majority shareholder, lower its debt by about $330 million and continue its turnaround. |
| Mexico insures against falling prices (at FT.com) December 8, 2009 at 2:20 pm |
| Mexico has taken out a $1bn insurance policy against oil prices falling next year, a clear signal that commodities producers remain wary about the threat of a double-dip recession. |
| Gorman retains Morgan Stanley loyalists (at FT.com) December 8, 2009 at 2:05 pm |
| Morgan Stanley 's James Gorman, who will succeed John Mack as chief executive next month, unveiled a series of management changes on Tuesday that reflect the bank's push to close the gap between its flagship securities business and that of its arch-rival, Goldman Sachs . |
| A walk on the Asian banks' pay tightrope (at FT.com) December 8, 2009 at 2:00 pm |
| Investment banks face a thorny issue in Asia-Pacific, the fastest-growing region: how to rewardstaff who perform well. In theory, it's easy. The region has not witnessed the invective against financial industry compensation that has been unleashed against the likes of Goldman Sachs in the US and the UK's Royal Bank of Scotland. |
| Morgan Stanley names new CFO, other top managers (AP) December 8, 2009 at 11:31 am |
| Morgan Stanley elevated its chief financial officer to a new role as co-chief of investment banking and global securities trading Tuesday as part of a management shake-up ahead of James Gorman's assumption of the CEO role on Jan. 1. |
| Questions over Dubai's debt problems mount (AP) December 8, 2009 at 11:09 am |
| Dubai's main stock market plunged for a second consecutive day Tuesday and an international ratings agency again downgraded six state-linked companies as fresh concerns surfaced about the troubled Arab boomtown's debt woes. |
| Morgan Stanley shuffles executive team (AP) December 8, 2009 at 10:21 am |
| Morgan Stanley is shuffling its executive team, moving its chief financial officer and a top banker into the roles of leading the bank's institutional securities unit. |
| Incoming Morgan Stanley CEO to shuffle top management (Reuters) December 8, 2009 at 8:10 am |
| James Gorman, who takes over as Morgan Stanley's chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, according to a source familiar with the matter. |
| NYSE Euronext Announces Trading Volumes for November 2009 (Business Wire) December 8, 2009 at 2:33 am |
| NEW YORK----NYSE Euronext today announced trading volumes for its global derivatives and cash equities exchanges for November 20091. Trading volumes in November 2009 were mixed, with European derivatives products trading volumes increasing 16.4% and U.S. options trading volumes increasing 50.6% versus prior year. U.S. and European cash equities trading volumes, however, declined 40.4% and 10.2%, respectively, from prior year levels when increased levels of volatility drove higher cash equities trading volumes. |
| Gorman to shuffle Morgan Stanley top management: report (Reuters) December 8, 2009 at 12:31 am |
| James Gorman, who takes over as Morgan Stanley's chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, the Wall Street Journal reported citing a person familiar with the situation. | | | |
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