The Traderszone Network

Morgan Stanley’s board boosted Chairman and Chief Executive James Gorman’s compensation by one-third last year, saying the bank’s performance was “strong” but had “room for continued progress,” according to its proxy filing on Wednesday. Using another calculation set by the U.S. Securities and Exchange Commission which includes restricted awards from prior years and perks, Gorman received $23.3 million in 2014, up from $14.4 million the prior year. It bases Gorman’s pay on how well Morgan Stanley achieved objectives from shareholder returns to cost cutting.

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U.S. consumer demand for new vehicles began to thaw in March, especially for luxury cars and big trucks, but not every carmaker participated in the uptick. New-vehicle sales rose 0.6 percent from a year ago, to 1,545,802 vehicles, industry consultant Autodata Corp said. Among the strong performers were Toyota Motor Corp , Hyundai Motor Co , Kia Motors Corp and Audi (VOWG_p.DE). Last month’s sales were driven in part by German and Japanese luxury brands, as well as by a strong appetite for big trucks and SUVs from Detroit manufacturers.

HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday. The government made its criticisms after reviewing findings of an independent monitor, Michael Cherkasky, who was appointed in connection with HSBC’s so-called deferred prosecution agreement with U.S. authorities.

Survey finds emerging market consumers are more likely to choose products perceived as socially responsible than developed markets.

Bond investing is in the news these days as talk over interest rate hikes accelerates. Don’t believe everything you hear.

The same teens saddled with thousands of dollars in debt to attend college have little understanding of how to put themselves in the best position to pay it back.
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Among the companies whose shares are expected to see active trade in Thursday’s session are Micron, CarMax, and Perry Ellis.
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