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Morgan Stanley Cuts 300 Jobs in Securities Division (Update2) Morgan Stanley, the world's second-
biggest securities firm, is eliminating about 300 jobs after
third-quarter revenue from fixed-income fell 3 percent, said a
person familiar with the decision.
Bank of America Earnings Drop on Loan Writedowns (Update2) Bank of America Corp., the second-
largest U.S. bank, said profit declined 32 percent in the third
quarter after trading losses, defaults and writedowns cost almost
$4 billion.
Most U.S. Stocks Climb on Earnings; Intel, Yahoo, JPMorgan Rise Most U.S. stocks rose, pushing the
Standard & Poor's 500 Index higher for the first time in three
days, after Intel Corp., Yahoo! Inc. and JPMorgan Chase & Co.
posted earnings that topped analysts' estimates.
Cheyne Finance SIV Won't Pay Debt as It Falls Due (Update2) Cheyne Finance Plc, the structured
investment vehicle managed by hedge fund Cheyne Capital
Management Ltd., will stop paying its debts, a receiver from
Deloitte & Touche LLP said.
Yankees' Rodriguez Ends Meeting, Ponders Next Move (Update4) Alex Rodriguez returned home after
four days of meetings with agent Scott Boras in California to
discuss whether he will return to the New York Yankees next
season or opt out of his contract.
Jews Become Targets of Turkey's Anger at U.S. Vote on Armenia Turkey's rage over a U.S.
congressional resolution accusing it of genocide against
Armenians nearly a century ago is being felt in quarters far
removed from Washington: its own Jewish community.
Commodity Traders Drive Hiring Amid Credit Shakeout (Update2) JPMorgan Chase & Co., Lehman
Brothers Holdings Inc. and BNP Paribas SA say oil, wheat and
metals traders are Wall Street's hottest commodities.
MGIC Posts First Loss, Predicts No Profit Next Year (Update8) MGIC Investment Corp., the largest U.S.
mortgage insurer, posted its first quarterly loss in 16 years and
said it won't be profitable in 2008 as foreclosures increase from
record levels.
JPMorgan Third-Quarter Profit Rises, Beats Estimates (Update7) JPMorgan Chase & Co., the third-
biggest U.S. bank, reported quarterly profit that exceeded
analysts' estimates on private-equity gains, higher asset
management fees and lower compensation expenses.