Summary Box: Discover settles with Morgan Stanley
THE NEWS: Discover Financial Services paid Morgan Stanley $775 million to settle litigation over proceeds from a separate antitrust case filed before Morgan Stanley spun off Discover in 2007.
THE DETAILS: Discover had earlier declined to pay Morgan Stanley, claiming the bank had interfered in the settlement Discover reached with Visa and MasterCard in the antitrust case.
THE BOTTOM LINE: Discover has already paid the taxes on the settlement money, so the $775 million will be added directly to Morgan Stanley's profit.
Wegmans using facial recognition ... Proposed Long Beach apartment upgrades ... "Torso killer" admits to another murder ... Learning to fly the trapeze
Wegmans using facial recognition ... Proposed Long Beach apartment upgrades ... "Torso killer" admits to another murder ... Learning to fly the trapeze
