Kyodo News (All Headlines)ADVISORY - End of KWS news cycle for Oct. 13
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Dow index up over 500 points on G-7 action plan
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Japan urges IMF, World Bank to help affected poor nations
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MUFG makes $9 bil. investment in Morgan Stanley under new terms
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N.Y. stocks open nearly 5 percent higher on G-7 action plan
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MUFG buys 21% stake in Morgan Stanley under new terms
Mitsubishi UFJ Financial Group Inc. said Monday it has bought a 21 percent stake in U.S. investment bank Morgan Stanley for $9 billion after making revisions to the terms of the acquisition. The new terms allowed the largest Japanese banking group to make the entire investment in the purchase of only preferred shares in Morgan Stanley, compared with a previous agreement that called for the purchase of both preferred and common shares.
American professor Krugman wins 2008 Nobel economics prize
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Aso eyes full protection of deposits
Prime Minister Taro Aso instructed Finance Minister Shoichi Nakagawa on Monday to consider protecting deposits fully in case of bank bankruptcy to help ease depositors' concerns amid the global financial crisis, government officials said. Aso also told Nakagawa, who just returned from a meeting of Group of Seven financial chiefs in Washington, to consider reviving a law to inject public funds into capital bases of regional banks, they said.
Wrestling: Yoshida cruises to 6th straight title at women's worlds
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Cambodian PM warns border war with Thailand possible 'tomorrow'
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