Why hotels’ struggles could worsen this fall
Posted on September 2, 2009 at 6:48 amA couple of observers point out that the summer bounce in revenue-per-available-room numbers may mask a continued lack of demand from the business sector.
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Morgan Stanley fined over misstating Nashville advisor
Posted on July 20, 2009 at 12:40 pmThe SEC has slapped a $500,000 fine on Morgan Stanley after a Nashville-based top gun steered clients to money managers outside of a sanctioned list. The employee, William Keith Phillips, will get his hearing in the next two months.
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Morgan Stanley slashes Healthcare Realty stake
Posted on May 13, 2009 at 10:07 pmThe Wall Street powerhouse sold more than 3 million shares of the Nashville-based REIT during the first four months of the year. Morgan Stanley stake in Healthcare Realty (Ticker: HR) now stands at 9.4 percent, down from more than 15 percent at year-end 2008.
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Are Regions and SunTrust part of The Stress Test Six?
Posted on April 29, 2009 at 7:50 amSources tell Bloomberg that six of the 19 banks that underwent the Federal Reserve’s stress tests will need more capital to cushion themselves against loan losses. Analysts at Morgan Stanley said late last week that Regions and SunTrust, the parent companies of Nashville’s No. 1 and 3 banks, are likely to be among them.
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BNA sells bonds
Posted on March 19, 2009 at 9:50 pmThe Metropolitan Nashville Airport Authority has successfully marketed $36 million in bonds that will finance improvements to its gate areas, baggage claim and common areas and HVAC equipment.
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Morgan Stanley on First Horizon: ‘Remarkable progress’
Posted on February 3, 2009 at 2:03 pmFrom today’s Bloomberg Radio wrap: Morgan Stanley has raised its rating on the parent of First Tennessee Bank (Ticker: FHN) to ‘overweight’ from ‘equal weight.’ In a note, it said the company has “shown remarkable progress in addressing its problem credits by shrinking its balance sheet and building reserves.”
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