Boston, MA 02/25/2014 (wallstreetpr) – Juniper Networks, Inc. (NYSE:JNPR) was a source of bad news Monday, after talks about its rumored takeover by Nokia seemed to lose direction. The company’s own executives and those from Nokia sort of ruled out a possible full-deal between the companies, thus overturning earlier heated speculation that a deal was in the making at advanced stages. But again this being business, surprises are never far from the horizon. It was reported that Nokia was considering taking over JNPR to boost its Nokia Solutions Networks business that is currently headed by Rajeev Suri as the chief executive. Instead, Mr. Suri stated that a partnership between the companies was already there and they were just working on improving that partnership arrangement, but nothing to do with full-scale merger. As such reports emerged from the Mobile World Congress, Juniper Networks, Inc. (NYSE:JNPR) was heading south to $27.58 after losing 1.32 percent of its value.
Morgan Stanley (NYSE:MS) has an eye on consolidation efforts, just like its peers, to cut on costs. However, the bank that is now neck to neck with bigger brother JPMorgan Chase (NYSE:JPM) would rather expand its investment banking business even if consolidation is the new name of the game. The MS investment executive Greg Fleming said that wealth management was one business that makes far more sense to them and it has been the highlight of Morgan Stanley’s results of late. That is a thought that is also shared by CEO James Gorman and this revelation came out at the Credit Suisse conference. Thus, Morgan Stanley (NYSE:MS) hope it can growth its investment management arm to $500 billion in the next two or so years.
Kinder Morgan Energy Partners LP (NYSE:KMP) suffered 5.25 percent loss in stock value to bell time in New York on Monday. That followed an article that recently questioned the company’s cash flow status. The article quoted an analyst who never fell short of calling the business a “house of cards.” The Monday fall was the biggest in four years as the stock touched a new low of $73.25 per share. Eventually the stock of Kinder Morgan Energy Partners LP (NYSE:KMP) settled at $74.32.
