The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Morgan Stanley is weighing the sale of its private bank in Switzerland, which manages roughly 10 billion Swiss francs ($11.28 billion) in assets, a source close to the matter told Reuters. The U.S. bank is looking at several options, one of which is an outright sale, the person said.** Verizon Communications is in talks with content providers to deliver web-based TV services to mobile platforms, Chief Executive Lowell McAdam said at an investor conference on Tuesday.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 2.78% or $0.84/share to $31.10. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 12935600 shares of MS exchange hands on a given day and today's volume is recorded at 11178954.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 1.25% or $0.59/share to $47.90. In the past year, the shares have traded as low as $45.08 and as high as $54.31. On average, 35816600 shares of VZ exchange hands on a given day and today's volume is recorded at 52247108.
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