CEO John Mack

Earlier today, KKR announced that former Morgan Stanley Chairman and CEO John Mack will be joining the private equity firm as a senior adviser, “supporting new investing activities and providing counsel to KKR portfolio companies.” Including the new gig, Mack is now working three jobs, the others being “part-time adviser” to Morgan Stanley and author (as previously noted, he’s working on a book). And while it’s nice to see him keeping busy, you know what these little diversions don’t leave a...Read Full Story

March 27 (Bloomberg) -- KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is poised to name former Morgan Stanley Chief Executive Officer John Mack as a senior adviser, according to a person with knowledge of the situation. Cristina Alesci reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)Read Full Story

Morgan Stanley raised its target price on shares of Apple (NASDAQ:AAPL) to $960 and added its shares to the Best Ideas list. The bank said its valuation remains low, with several factors pointing to continued growth: enterprise adoption of the iPad, potential share gains from its launch of LTE-capable iPhone and untapped foreign markets like Brazil and China.Read Full Story

Morgan Stanley raised its price forecasts for gold and silver on Thursday, citing enhanced contagion risk from the European debt crisis and continued uncertainty over US macroeconomic outlook.The investment bank said the possibility of renewed US quantitative easing would likely support investor demand and boost the prices for safe-haven commodities.“Commodities gained in July, outperforming both equities and bonds… Precious metals led the space higher, gaining 9.5% in July (silver was the...Read Full Story

NEW YORK (Reuters) - Morgan Stanley Smith Barney <MS.N> hired a pair of top financial advisers from UBS, and also added advisers from Barclays Wealth to focus on Latin American markets.Shannon Brightman and Steve Peet joined the company's Park Avenue, New York City office last Friday. Peet spent a decade at UBS, while Brightman spent four years at the company, according to FINRA filings.The pair previously oversaw $151 million in client assets and generated $1.2 million in annual fees and...Read Full Story

New York, May 16 (FinanceEnquiry.com) - Analysts at Morgan Stanley initiate OVERWEIGHT rating on the shares of Midstream Petroleum Company (NYSE: MPO). The 12-month target is set to $20. In a research note published on May 15, the analysts mention that with waterborne crude pricing matched by attractive comparative evaluation, Midstream Petroleum Company gets nicely placed as an onshore, high growth and producer of oily mid-cap.Read Full Story

US federal prosecutors are investigating whether Morgan Stanley misled investors about financial derivative deals against which it sometimes bet, The Wall Street Journal reported Wednesday.The suspicions were similar to civil fraud charges faced by Goldman Sachs, which is also under investigation for how it designed and sold mortgage-related products before the financial crisis.But Morgan Stanley chief executive James Gorman said he was not aware of any federal investigation into the...Read Full Story

HONG KONG (Reuters) - Stephen Roach, Morgan Stanley's Asia chairman and one of the region's best-known economists, is relocating from Hong Kong to New York and joining the faculty at Yale University, the bank said in a statement on Friday.His new role at the bank would be as non-executive chairman of Asia from July 1, said Morgan Stanley.Roach, a frequent commentator known for his bearish views on the global economy, moved to Hong Kong in June 2007 as the investment bank's Asia chairman. The...Read Full Story

NEW YORK (Reuters) - Morgan Stanley <MS.N> Chairman John Mack, who has cautioned that Wall Street is out-of-touch with public concerns about pay, is getting a base salary increase to $2 million (1.4 million pound), according to a regulatory filing.Mack, who declined to accept a bonus the past three years, received a base salary of $800,000 in 2009.James Gorman succeeded Mack as chief executive of the firm on January 1, but Mack has continued as chairman and continues to meet with clients and...Read Full Story

NEW YORK (Reuters) - Morgan Stanley has hired former U.S. Representative Harold Ford Jr. from Bank of America Corp to help oversee the investment bank's relationships with its clients.Ford, a Democrat from Tennessee, was the youngest member of Congress when he was elected at age 26. He served in the House of Representatives for five terms, from 1996 to 2007, and was a member of the House Budget Committee and the Financial Services Committee.After leaving Congress, Ford joined Merrill Lynch as...Read Full Story