Morgan Stanley is an American financial services company founded in 1935 by former employees of the J.P. Morgan Co. The company provides a range of services, including investment management, investment banking and credit cards. Morgan Stanley has been involved in many large investment projects, including the Google and Apple IPOs.

On April 22, 2009, Morgan Stanley reported on their first-quarter; a loss of $190 million.MarketWatch: Morgan Stanley posts wider-than-expected loss (April 22, 2009) In April 2008, Morgan Stanley had a profit of $1.4 billion. Morgan Stanley's revenue fell 62%, which was much more of a loss than expected.The New York Times: Revenue Drops 62% as Morgan Stanley Posts a Loss (April 22, 2009)

In January 2009, it was reported that Citigroup was discussing entering into a joint venture with Morgan Stanley to manage Citigroup's brokerage unit, Smith Barney. Under the terms disclosed, Morgan Stanley would be the majority partner in the joint venture.CNBC: Citigroup Moving to Shed Smith Barney Brokerage (January 9, 2009)

On September 17, 2008, amid a blizzard of Wall Street bailouts and bankruptcies--Morgan Stanley's stock fell an unprecedented 44%, causing concern about the company's future.Bloomberg.com: Morgan Stanley, Goldman Plummet After AIG Takeover (September 17, 2008)

• 1935: Morgan Stanley was founded
• 1939: U.S. rail financing
• 1962: Claims first computer modeled financial analysis
• 1980: Apple IPO
• 1980: Conoco IPO
• 2004: Google IPO

• Yahoo Message Boards: Morgan Stanley

• Google Blog Search: Search for Morgan Stanley

• Stock Broker Fraud Blog: Morgan Stanley is Fined $500,000 for Faulty Oversight (2007)

• U.S. PIRG Consumer Blog: "The terrorists ate my homework" defense fails for Morgan Stanley (2006)