Stock Investment Blog|Journal of Stock Investments|Portfolio

UPDATE:Morgan Stanley Earnings Reignite Financial Firm Fears
Last Update: 6/18/2008 12:40:41 PM
(Updates with additional investor comment and fresh CDS and CDX levels)
By Kate Haywood
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–The cost of debt protection for Morgan Stanley (MS) moved
wider Wednesday after the investment bank unveiled a 60% slump in second-quarter
profit, reaffirming fears about financial firms.
Five-year senior [...]

Morgan Stanley’s quarterly profit off 60%
By Greg Morcroft, MarketWatch
Last Update: 6/18/2008 8:57:00 AM
NEW YORK (MarketWatch) — Morgan Stanley, the third U.S. investment bank to
report financial results this week, said Wednesday second-quarter profit fell 60%
as continued weakness in key businesses reflected the ongoing credit crunch as
well as the falling real-estate market.
The company (MS) reported net income [...]

Geithner backs Fed liquidity actions, calls for more
Says moves to deflate pockets of risk, as some critics want, are likely to fail
By Laura Mandaro, MarketWatch
Last Update: 6/9/2008 1:10:00 PM
SAN FRANCISCO (MarketWatch) — The Federal Reserve should have more options to
relieve a liquidity squeeze, the head of the New York Fed said Monday, offering
support for the [...]

Student Lenders Tiptoe Back To Market With Govt Bailout
Last Update: 6/4/2008 9:46:55 AM
DOW JONES NEWSWIRES
School’s out for summer, but some lenders are just getting back to campus.
After abandoning the Federal Family Education Loan Program over the past few
months, a number of companies are reconsidering whether they can make a profit
from the government-backed loans now that [...]

DOW JONES NEWSWIRES
Ambac Financial Group Inc. (ABK) said it wrote down $228 million in
collateralized-debt obligations in April as it continues to be weighed down by
the credit crunch.
In a monthly update on its pretax financial data, the second-largest bond insurer
also reported a $53.4 million loss on fair-value changes in its investment
portfolio more than offset [...]