For example, Morgan Stanley reports commercial-mortgage exposure before and after the effect of offsetting transactions, or hedges, while Bear, Goldman and Lehman don't.

举例来讲﹐摩根·士丹利(Morgan Stanley)公布了套期保值之前和之后的商业抵押贷款风险敞口﹐而贝尔斯登、高盛和雷曼兄弟则没有。

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On average, pure-plays pay $82 to acquire a new customer, while multi-channel retailers payonly $12 (Morgan Stanley Dean Witter 2001).

平均来说，纯互联网公司支付82美元获得一个新的客户，而多渠道零售商只需支付12元[2]。

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While all the major banks will be hit hard, the two investment-banks-turned-bank-holding-companies, Goldman Sachs (GS) and Morgan Stanley (MS), are expected to experience the most pain.

虽然各大银行都会受到沉重打击，但两家由投资银行转变而来的银行控股公司——高盛和摩根士丹利将首当其冲。

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Another rider from Northern Ireland, Phillip McCallen, is equal third on the all-time winners list with 11 wins while Stanley Woods is close behind on ten.

BBC: Irish hope to build on Dunlop legacy

Citi shares are down 5% while Morgan Stanley shares are down a whopping 8%.

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The World Bank expects both to grow less than the regional average next year, while Morgan Stanley expects contractions of 1% and 2.2% respectively.

ECONOMIST: Latin America