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U.S. Day Ahead: MS' reputation set to survive Facebook IPO

Wednesday, July 18, 2012 - 02:23

July 18 - Morgan Stanley is unlikely to lose its status as Silicon Valley's favorite investment bank when it reports results before the bell, according to Reuters' Breakingviews Antony Currie.

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Jamie -- out of the spotlight now James Gorman walks in. The Morgan Stanley boss is likely to face questions over whether -- banks handling of the sixteen billion dollar FaceBook IPO debacle. Hit its bottom line as badly as its reputation. Shareholders are suing the bank claiming you're hidden we can growth forecast for the social network giant. There's concern -- out his reputation is silicon valley's favorite investment bank. Has been severely damaged the Reuters breaking these Antony Currie says that might not be the case. While more easily done deal full service now tech company which went public opinion tonight. Increase the size of the deal not refund cents Hamilton -- similar deals coming this week as well Palo Alto networks and -- Parallels -- -- just earlier in the week announced it was increasing -- that it's the so assuming those two deals get done as well Melissa has more fun -- -- -- FaceBook was a one off. But we're actually pretty good at what we did. If Intel's results -- anything to go by tech might be down but it's not out. We'll see if that holds true with two big names reporting after the close first up Google. Investors wanted to know what the number one search engine is doing about its ad revenue. That's under pressure from consumers using more mobile devices also there'll be questions about the health of CEO Larry Page. He won't be on the call after losing his -- several weeks ago. Then there's Microsoft the world's largest software companies expect to say its profits to hit. After winding down now worthless ad agency bought five years ago yet another example that failure to take on Google in the online ad wars. If that wasn't enough there are more big names reporting -- is the busiest day this week for earnings with almost forty S&P 500 firms -- analyst calls. Highlights include before the bell Freeport -- Moran Southwest Airlines travelers UnitedHealth and Verizon. After the close San disk and trade. There's more housing data and pay attention to data had existing home sales around in the morning they should bounce back from last month to -- -- far. That's thanks to do record low mortgage rates the experts and -- r.'s housing is now off its spot. For more from inside -- you can follow us on Twitter at Reuters Insider. And check Reuters YouTube channel and Reuters dot com slash Reuters TV I'm Fred Katayama and this is what you.

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U.S. Day Ahead: MS' reputation set to survive Facebook IPO

Wednesday, July 18, 2012 - 02:23