Morgan Stanley Cut 1600 Jobs. Morgan Stanley plans to start laying off 1600 workers start next Monday, according to reports FBN.com. The report quoted one source company. A spokeswoman for Morgan Stanley is still refusing to comment on the reports. If true, the layoffs would cut about 6% of the work on the unit institutional banking services and support infrastructure. In its latest annual report, Morgan Stanley reported 61,899 employees worldwide. Currently, Morgan Stanley shares traded 0.05% higher at $ 19.65 range.
Goldman Upgrades Stock Rating MasterCard
Goldman Sachs on Wednesday upgraded the stock rating MasterCard Inc. to "buy" from a previous "neutral" following a reduction in anxiety over the company's exposure to Europe. In a note, Goldman analyst also added Visa Inc. U.S. company to list its shares they were after. "Visa is well positioned in the middle of the intersection between international growth and convergence of multi-channel payments, which we believe will still be two main drivers of growth for faster transaction volume," Goldman analysts wrote in a note. They also put the Visa stock as their top pick in the IT-services sector for 2013. Both MasterCard and Visa shares rose in early trading session Wednesday, with each collecting 1% and 0.95%.
Among the Cameron Warns UK Business
UK businesses warned the Prime Minister not to take risks that could harm the business if you want to make a renegotiation of British membership in the European Union. In the letter, which was signed 10 business leaders in the UK, businesses see the need for reform of the European Union but Britain must be careful in negotiating ualng. Cameron has uttered willingness to review its relations with Brussels London amid growing pessimism of the British people against the European Union.
"Renegotiation may pose a risk to British membership in the European Union and could create uncertainty in the business world," wrote a letter co-signed by the head of Virgin Group Richard Branson and WPP CEO Martin Sorrell. Rio Tinto chairman Jan du Plessis, chairman of British Telecoms Michael Rake, and Chairman of the London Stock Exchange Chris Gibson-Smith also helped provide a signature in a letter addressed to the Prime Minister of Great Britain. Meanwhile, sterling weakened in the New York session. GBP / USD is now trading 1.6005, moving away from a daily high level 1.6075.
Will U.S. Oil Production Continues to Increase
U.S. oil production will continue to increase so as to record an increase of 25% in the past two years as the increasing role of technology "fracking" that allows companies to explore for oil shale. The U.S. Energy Information Agency (EIA) predicts that oil production will increase this year as much as 900,000 barrels per day (bpd) and will increase by 600,000 barrels in 2014 up to 7.9 million bpd. EIA officials, Adam Sieminski, said the company is now more productive in applying technology "fracking" post Bakken exploration in North Dakota and the Eagle Ford Texas. EIA quite optimistic increase in U.S. oil production will be able to create the availability of adequate supplies in the next two years. EIA estimates that the average NYMEX oil prices will reach $ 89 per barrel in 2013 and $ 91 in 2014.
U.S. Oil Reserves Increase
Oil reserves increased by 1.3 million barrels, more than 900,000 barrels and the prediction of an earlier publication which decreased by 11.1 million barrels. Oil prices seen trouble maintaining gains after the data was released. Nymex oil is now trading $ 93.25, try to avoid high levels of daily $ 93.63.
Goldman Upgrades Stock Rating MasterCard
Goldman Sachs on Wednesday upgraded the stock rating MasterCard Inc. to "buy" from a previous "neutral" following a reduction in anxiety over the company's exposure to Europe. In a note, Goldman analyst also added Visa Inc. U.S. company to list its shares they were after. "Visa is well positioned in the middle of the intersection between international growth and convergence of multi-channel payments, which we believe will still be two main drivers of growth for faster transaction volume," Goldman analysts wrote in a note. They also put the Visa stock as their top pick in the IT-services sector for 2013. Both MasterCard and Visa shares rose in early trading session Wednesday, with each collecting 1% and 0.95%.
Among the Cameron Warns UK Business
UK businesses warned the Prime Minister not to take risks that could harm the business if you want to make a renegotiation of British membership in the European Union. In the letter, which was signed 10 business leaders in the UK, businesses see the need for reform of the European Union but Britain must be careful in negotiating ualng. Cameron has uttered willingness to review its relations with Brussels London amid growing pessimism of the British people against the European Union.
"Renegotiation may pose a risk to British membership in the European Union and could create uncertainty in the business world," wrote a letter co-signed by the head of Virgin Group Richard Branson and WPP CEO Martin Sorrell. Rio Tinto chairman Jan du Plessis, chairman of British Telecoms Michael Rake, and Chairman of the London Stock Exchange Chris Gibson-Smith also helped provide a signature in a letter addressed to the Prime Minister of Great Britain. Meanwhile, sterling weakened in the New York session. GBP / USD is now trading 1.6005, moving away from a daily high level 1.6075.
Will U.S. Oil Production Continues to Increase
U.S. oil production will continue to increase so as to record an increase of 25% in the past two years as the increasing role of technology "fracking" that allows companies to explore for oil shale. The U.S. Energy Information Agency (EIA) predicts that oil production will increase this year as much as 900,000 barrels per day (bpd) and will increase by 600,000 barrels in 2014 up to 7.9 million bpd. EIA officials, Adam Sieminski, said the company is now more productive in applying technology "fracking" post Bakken exploration in North Dakota and the Eagle Ford Texas. EIA quite optimistic increase in U.S. oil production will be able to create the availability of adequate supplies in the next two years. EIA estimates that the average NYMEX oil prices will reach $ 89 per barrel in 2013 and $ 91 in 2014.
U.S. Oil Reserves Increase
Oil reserves increased by 1.3 million barrels, more than 900,000 barrels and the prediction of an earlier publication which decreased by 11.1 million barrels. Oil prices seen trouble maintaining gains after the data was released. Nymex oil is now trading $ 93.25, try to avoid high levels of daily $ 93.63.
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