Charting Stocks

Morgan Stanley CEO announced that he is stepping down as CEO and will be replaced by James P Gorman.  Mack, who spent four years as the head of the prestigious investment bank, will remain with the firm as its Chairman.
James Gorman joined Morgan Stanley in early 2006 as the President and COO of the firms [...]

Ecuador’s President Rafael Correa has vowed to sue the Wall Street Journal for linking his government to the Colombian FARC rebels.  “We will sue this newspaper because we are sick of their lies,” Correa told reporters on Thursday after addressing the UN General Assembly’s Conference on the world financial crisis, Reuters reported.
“We demand the Wall [...]

There are several unconfirmed reports that pop star Michael Jackson died today. The website TMZ.com was the first to break the story. They claim that the King of Pop suffered cardiac arrest at his Hollywood Hills home. [Confirmed: Michael Jackson dead at 50]
Jackson was reportedly rushed to Ronald Reagan UCLA Medical Center this afternoon by [...]

The UK government has frozen $1.6 billion of Iran’s assets. British officials made the announcement on Thursday and claim that the money was frozen under international sanctions imposed over Tehran’s nuclear program. You know, the nuclear program which Iran has every legal right to pursue under the Nuclear Non-Proliferation Treaty.
UK’s economic secretary to the Treasury [...]

Six Flags, the world’s largest regional amusement-park company, is seeking chapter 11 bankruptcy protection. The company says it has to restructure and/or default on $1.8 billion of debt. Today’s  bankruptcy filing came after a failed attempt to renegotiate with creditors.
The company did not have ample liquidity to make a  $288 million payment due preferred shareholders [...]

Standard & Poor’s downgraded the credit rating of Ireland for the second time this year.  S&P cited the vast amount of money the government must continue to throw at the nations banking system.
The rating was cut down to AA, from AA+,  moving it to the same  level the United Arab Emirates as Japan, and Slovenia [...]

The Federal Reserve reports the output of the nation’s factories, mines and utilities fell 1.5% in March, with an uptick in the production of motor vehicles and utilities.
Industrial production has dropped 13.3% December 2007, the largest percentage decline since the end of World War II, when production of military equipment seized and production fell 35%.
In [...]