Sep 26th, 2008 · The federal government seized Washington Mutual on Thursday in the largest federal bank failure in U.S. history. The assets of the nation's largest savings and loan were sold to JP Morgan Chase for nearly $2 billion. The deal averts taxpayers receiving a bill for the rescue of another failing institution.
Sep 22nd, 2008 · The Federal Reserve says the last two big, independent investment banks, Goldman Sachs and Morgan Stanley, are scrapping the business model that made them so profitable for so long. They are now bank holding companies and are regulated by the Fed.
Sep 22nd, 2008 · The Federal Reserve has granted a request by Wall Street's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies. The change will allow them to create commercial banks that will be able to take deposits, bolstering the resources of both institutions.
Sep 18th, 2008 · There has been no relief for Morgan Stanley and Goldman Sachs. Morgan's stock was down 43 percent at one point despite reports of ongoing talks with China Investment Corp., which already owns a nearly 10 percent stake in the investment bank.
Sep 18th, 2008 · Wall Street is keeping a close eye on the hour-by-hour fortunes of investment bank Morgan Stanley. The company has been considering a merger with Wachovia Bank, but HSBC Holdings and China's CITIC Group are showing interest as well. Meanwhile, Goldman Sachs, has seen its stock plummet, even after announcing better-than-expected earnings this week.
Aug 7th, 2008 · Morgan Grace has been releasing solo albums since 2003, but she didn't catch her "break" until 2006, when her song "The Rules of Dating" won a songwriting award via American Idol Underground. Grace submitted the song on a whim, and the track won her $10,000 and recording equipment, with which she put together a home recording studio.
May 30th, 2008 · Saxophonist Frank Morgan is a living link to the bebop era. A protege of Charlie Parker, Morgan's budding life as a musician took a dark turn that led to drugs, prison, and, ultimately, redemption through music. On this very moving Piano Jazz, Morgan talks about the ups and downs of his life.
Apr 25th, 2008 · After nearly 20 years away from the stage, he's back on Broadway in The Country Girl, directed by Mike Nichols. His character: a washed-up actor with a love for the bottle and an uncertain gift.