Kyodo economic news summary -2-

Gilead Sciences´ Chairman and Chief Executive Officer Establishes Rule 10b5-1 Stock Trading Plan

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Morgan Stanley May Post Higher Profit on Trading, Banking Fees

March 21 (Bloomberg) -- Morgan Stanley, the world's second- biggest securities firm by market value, may say first-quarter profit rose on higher trading gains and investment-banking fees. Link to original article

50 Securities Firms to Give Up Windfalls

Fifty securities firms, including UBS and Lehman Brothers, will give up over 20 billion yen ($170 million) in profits gained from a trading error, donating the gains to a fund for strengthening Japan's stock trading system, a securities deal group said.

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