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Morgan Stanley To Spin-Off Discover

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Morgan Stanley CEO John Mack announced this morning that the company would be spinning off its Discover business unit. A presentation providing an overview of Discover is available online. Morgan Stanley reported Discover's full year net revenue grew 24 percent over 2005 and was up 39 percent in the fourth quarter.

Posted: Dec 19, 2006 06:12 AM Pacific |   |   |   Tweet This

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