Morgan Stanley (MS) reported third-quarter 2009 income of $498 million this morning or 38 cents per share, compared with a loss of $159 million or $1.37 per share in the prior quarter and an income of $7.7 billion, or $7.38 per share a year ago. The results were much ahead of the Zacks Consensus Estimate of 30 cents per share. The results marked the first quarter of income in a year’s time. Results were aided by robust underwriting revenues in the investment banking operation resulting from higher levels of market activity, strong growth in fixed income sales and trading, commodities, prime brokerage and wealth management business, which offset losses in commercial real estate. Unlike the preceding qaurters, the results were in line with strong results from competitors like Goldman Sachs (GS) and JPMorgan Chase & Co. (JPM), which has been grabbing market share after ...

Universal Tracking Solutions Inc. is an enterprise solutions based provider of telemetry and GPS fleet systems. The company is focused on the profitable mid-level GPS fleet tracking space in North America and provides its customers with unparalleled mapping technology that is considered to be the best in the industry.

It is always important for a company to have a solid board of advisors to help guide them. Universal Tracking has a trio of strong advisors with diverse business backgrounds and experience. Here are brief biographies of the company’s advisors:

Don M. Schilling – Mr. Schilling is currently the director for implementation and engineering of the “broadband over power lines” or BPL project for Mountain Telecommunications Inc. His responsibilities include equipment design and installation of BPL facilities for delivery of services to residential customers of Mountain Telecommunications’ power company partners. Mr. Schilling has previously

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BGI taps longtime Smith Barney executive Longley for key role in expanding asset manager’s distribution reach. 

 

As bloggers across the Internet were talking up a potential sale of exchange-traded funds leader Barclays Global Investors, some real news was taking place at the San Francisco-based asset management giant. 

The $1.5 trillion asset manager said on Thursday it had hired longtime Citi/Smith Barney executive John Longley as its new head of national accounts in the U.S.

In that role,

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Morgan Stanley (MS) and Citigroup Inc. (C) are about to launch a joint venture of their brokerage units in a move that may be motivated as much by a desire to placate impatient government overseers as by financial imperatives.

The deal’s no surprise to Wall Street, since Citigroup has chalked up $20 billion in losses in the last year and Morgan Stanley needs to leverage its brokerage business by increasing its scale. But recent pressures on both companies from the Treasury and Federal Reserve may also have led to pulling the trigger.

“There’s been a lot of pressure for Citi to monetize some of their more valuable assets, and Smith Barney is certainly one,” Michael Nix, a money manager at Greenwood Capital Associates, told Bloomberg News. “There’s also been a lot of pressure for Morgan Stanley to look

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