Global Market Reports

US newspaper round-up: Morgan Stanley, Consumer income, Apple...

Date: Friday 24 Aug 2012

U.S. mutual funds run by Morgan Stanley, the lead underwriter in Facebook Inc.'s $16 billion initial public offering, have disproportionately high investments in the social-media company, leaving fund shareholders exposed to the stock's big drop since its May 18 IPO. New data show that eight of the top nine U.S. mutual...

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