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Archive Home > 2008 > October > 14 > Bank gets a lifeline

Bank gets a lifeline


October 14, 2008

NEW YORK — Morgan Stanley averted disaster with a $9 billion lifeline from Mitsubishi UFJ, and on Monday declared it will use that money to pick off smaller rivals. Its shares rose 87 percent.

— From staff and wire....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.