Word: morgan
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Finally, to squeeze more income out of your short-term assets, consider my nominee for America's most underrated investment: preferred shares of closed-end municipal-bond funds. The dividends on these shares, available from firms such as Nuveen, Merrill Lynch and Morgan Stanley, are generally exempt from federal income tax and some states' income tax as well. For more details, go to etfconnect.com and under MULTIFUND SEARCH, choose PREFERREDS and select FIXED INCOME--MUNICIPAL...
...even when they don't check in alone. The Hotel Monaco chain in the U.S., one of a few other hotels to offer a similar program, calls it Guppy Love. The fish "are company for someone, but they don't disturb you when you're sleeping," explains spokeswoman Charlotte Morgan Wayte...
Spitzer is extending the probe. He has subpoenaed from Salomon Smith Barney and Morgan Stanley the annual self-evaluations, in which analysts justify their requests for bonuses. The statements could reveal that analysts' recommendations helped win investment-banking business, a potential conflict of interest. Says Spitzer: "It certainly will be instructive to see what they say about themselves." Count on some more Spitzer headlines before he's done...
...chief of the German IFO economic think tank, said last week that he foresaw the euro reaching parity with the dollar by year's end. "The euro will continue to climb and without difficulties can reach a dollar," Sinn told Reuters news agency. Stephen S. Roach, an economist for Morgan Stanley, said it's not whether the dollar will fall but by how much. "Our currency team believes the dollar is almost 15% overvalued - a classic setup for a fall," Roach said. Up to now, everyone assumes the path will lead to a soft landing for the dollar, but that...
...University [has] the opportunity to screen out those religious organizations and individuals who would prey upon unsuspecting or vulnerable students,” Christopher L. Pierce ’02 and Jeffrey P. Morgan ’02, two gay student leaders, wrote in a letter to University administrators...