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IPFS News Link • Economy - Economics USA

At Morgan Stanley, Outlook Darkens; Stock Tumbles 26%

10-10-2008 • Wall Street Journal

The stock has plunged 77% this year to a 10-year low. Hedge-fund clients have pulled about one-third of their money from the firm in recent weeks. The firm can't issue new debt. Morgan Stanley hopes for a planned $9 billion investment in the firm

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