INVESTMENT

Morgan Stanley's incoming CEO, James Gorman, began putting his fingerprints on the firm, making its chief financial officer and the head of investment co-heads of its crucial institutional securities unit.

Bank of America Merrill Lynch named three executives on Tuesday to run its $450 billion retirement services business, including rehiring a former executive who left earlier this year.

Private equity firm Actis and Singapore oil services firm KS Energy on Tuesday announced plans for a joint venture that will distribute parts and equipment to oil companies in Asia and the Middle East

A possible break-up of TNT moved a step closer on Tuesday as activist funds, back on the hunt for opportunities, took a 5 percent stake in the Dutch mail and logistics group.

Diversified manufacturer 3M Co issued a cautious initial outlook for 2010 on Tuesday, saying tight credit market conditions and other headwinds would make any broad economic recovery patchy and slow.

James Gorman, who takes over as Morgan Stanley's chief executive on January 1, has picked finance chief Colm Kelleher and banker Paul Taubman to run the company's institutional securities unit, the New York bank announced on Tuesday.

Diversified U.S. manufacturer 3M Co on Tuesday released an outlook that was below analysts' forecasts for the current year, ahead of a meeting with investors.

Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.

Stock index futures pointed to a lower open on Tuesday as declining oil prices pressured energy shares and 3M Co's outlook for the current year came in below analysts' forecast.

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.13 percent at 4:33 a.m. EST.

James Gorman, who takes over as Morgan Stanley's chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, the Wall Street Journal reported citing a person familiar with the situation.

Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their criminal cases, according to court records on Monday.

The U.S. Securities and Exchange Commission will likely seek public input on so-called high-frequency trading strategies, and whether traders using them gain any special advantages by placing fast computers next to exchanges.

Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their cases, according to court records on Monday.

JPMorgan Chase & Co. Chief Executive Jamie Dimon and Chief Financial Officer Mike Cavanagh are expected to publicly review the bank's financial results for the fourth quarter and take questions from banking sector analysts on January 15.

China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, plans to raise up to HK$25.9 billion ($3.34 billion) from a Hong Kong initial public offering, a source close to the deal said on Sunday.

Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.

Big, full-service brokerages have lost a significant chunk of business to online firms that told small investors they are better off making their own decisions, Aite Group said in a report.

The Carlyle Group , the U.S. buyout giant backing China Pacific Insurance (Group) Co Ltd, could make a $4 billion profit -- a return of more than six times its investment -- once China's No.3 life insurer floats shares in Hong Kong.

News, details on corporate bond issues in the European markets on Monday:

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100 futures down 0.52 percent, at 3:40 a.m. EST.