Stocks Flat Today on Continuing Uncertainty (MS, AOL)
Major indices were basically unchanged for the day, if slightly down for the most part, as uncertainty abroad continues to make investors anxious. There was good economic news, however, as jobless claimed fell to a 4-year low. In corporate news, Morgan Stanley (MS) CEO James Gorman was cut by 25 percent in 2011, likely because of the company's poor performance year over year. After joining the company via acquisition a year ago, Arianna Huffington will be assuming greater responsibilities within AOL (AOL).
Word on the Street
- In spite of good data on the US economy, stocks were mostly down today.
- The JOBS act Obama signed today will make IPO rules less restrictive.
- Unemployment claims hit a 4-year low.
- German and Swiss governments are cracking down on tax evaders.
- Morgan Stanley's (MS) CEO is taking a big paycut.
- Arianna Huffington's responsibilities within AOL (AOL) are being expaded.
Published on Apr 5, 2012By InvestorGuide Staff