Chinese fund takes $5bn Morgan Stanley stake
Excerpt:
"Morgan Stanley on Wednesday said it had sold a $5bn stake to China's new sovereign wealth fund and revealed that a total of $9.4bn in mortgage-related writedowns had driven it to a fourth-quarter loss, leading its chief executive John Mack to forgo his bonus for 2007."
http://www.msnbc.msn.com/id/22328025/
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