Author: 123jump.com Staff
123jump.com
Last Update: 12:17 PM EST December 19 2007
U.S. stocks tunred negative in the afternoon trading after scaling higher in the morning. Morgan Stanley reported wider than expected loss on the account of more losses in the sub-prime lending business. The brokerage firm also reported an investment of $5 billion from sovereign fund controlled by China. The European Commission ruled that MasterCard should stop its interbank fees within six months for the cross border transactions.
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