China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Morgan Stanley says sees decline in 08 LBO activity
NEW YORK (Reuters) - U.S. investment bank Morgan Stanley's (MS.N) Chief Financial Officer Colm Kelleher said on Wednesday he expects the bank's leveraged buyout business to decline in 2008, compared with this year.
Kelleher added that equity underwriting backlog has risen, citing strength in its European and Asian markets.
But junk debt underwriting backlog is lower, while the investment grade debt pipeline is higher.
(Reporting by Lilla Zuill; Editing by Andre Grenon)










