8:40 p.m. | Updated Morgan Stanley has taken aggressive action to bolster profit. Over the last year, the Wall Street bank has cut thousands of employees, sold costly assets and retooled major businesses.Those efforts worked. In the fourth quarter, Morgan Stanley reported earnings of $481 million, in contrast to a loss of $275 million in 2011. Profit was equally strong for the year.But the path to...
Jan
18
DealBook: Despite Improving Profits, Morgan Stanley's Path Is Uncertain
Label: Business
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Jan
17
Algeria raid puts a lawless region in the spotlight
Label: World CAIRO — The offensive by Algerian soldiers to free hostages at a natural gas complex has refocused world attention on the dangers...
Facebook Wants New Breed of Flash Memory for Storing Old Pics
Label: Technology With each passing day, more than 350 million digital photos find their way onto Facebook, joining the more than 240 billion that are already there. Jay Parikh is the man who makes sure all those photos can remain online from now until the end of time, and that’s going pretty well. But he wants a little help. He wants the world to build him a new kind of flash memory ideally suited to storing...
Eclectic opening for Sundance with films about Mideast, Chile, U.S. Southwest
Label: LifestylePARK CITY, Utah (Reuters) – The Sundance Film Festival opens Thursday with movies and documentaries from around the world, including a feature that examines the cultural divide between the Middle East and the United States.The 10-day Sundance Film Festival, founded by actor-director Robert Redford and now in its 35th year, will showcase 119 films from 32 countries.“May in the Summer,” the U.S. dramatic...
Well: The Fallout of a Chance Medical Finding
Label: HealthAn incidental finding — I was convinced of it. My patient had undergone a CT scan of the abdomen at another hospital because of stomach pains and “incidentally noted” was a 2-centimeter mass in her adrenal gland. She brought in the report for me to see, nervous that she might have cancer.I reassured her that it was exceedingly unlikely that she had cancer. Benign masses in the adrenal gland are nearly...
Media Decoder Blog: Tribune Company Names Peter Liguori as Chief After Ending Bankruptcy
Label: BusinessPeter Liguori, a longtime television executive, was named the new chief executive of the Tribune Company on Thursday, two and a half weeks after the newspaper and television station owner emerged from a wrenching four-year bankruptcy process.Mr. Liguori’s appointment had been expected for more than a month.Analysts expect Tribune to sell some of its newspaper assets and rely more heavily on its television...
Jan
16
U.S. finalizes rules for financial firms to avoid foreclosures
Label: World In a major effort to heal the $10-trillion U.S. mortgage market, the Consumer Financial Protection Bureau has finalized rules...
A Google-a-Day Puzzle for Jan. 17
Label: Technology Our good friends at Google run a daily puzzle challenge and asked us to help get them out to the geeky masses. Each day’s puzzle will task your googling skills a little more, leading you to Google mastery. Each morning at 12:01 a.m. Eastern time you’ll see a new puzzle posted here.SPOILER WARNING:We leave the comments on so people can work together to find the answer....
Pregnant Kim Kardashian wants to be more private
Label: LifestyleNEW YORK (AP) — As the tabloids speculated about whether Jessica Simpson is expecting again (she is) and the media zeroed in on Kate Middleton‘s acute morning sickness, Kim Kardashian says it was nice to be out of the media spotlight during the early stages of her pregnancy.“I’m obviously so happy for them, but if anything I loved the privacy,” the 32-year-old reality TV star said in an interview...
Some With Autism Diagnosis Can Recover, Study Finds
Label: HealthDoctors have long believed that disabling autistic disorders last a lifetime, but a new study has found that some children who exhibit signature symptoms of the disorder recover completely. The study, posted online on Wednesday by the Journal of Child Psychology and Psychiatry, is the largest to date of such extraordinary cases and is likely to alter the way that scientists and parents...
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