J ohn Reese is founder and CEO of Validea.com and Validea Capital Management, and portfolio manager for the Omega American & International Consensus funds. Back on July 22, Morgan Stanley announced dreadful second-quarter 2009 results. Earnings per share were negative for the fourth straight quarter, and revenues were less than half of what they were a year earlier.

A consortium led by Walt Disney Co. DIS-N is in advanced talks to buy into China’s largest in-bus digital media and advertising company, a deal that could offer the U.S.

F inance Minister Jim Flaherty appears to have no immediate plans to tighten Canadian mortgage rules despite the advice of senior bankers concerned about surging home prices. Mr. Flaherty said he sees no evidence of a housing bubble in Canada

T he CAW is calling on the federal and Ontario governments to investigate Xstrata PLC’s reasons for closing its site in Timmins, Ont. The mining giant said in December that it plans to closes its copper and zinc operations in the northern Ontario city in May. The Swiss-based miner cited lower global demand and the high value of the Canadian dollar among reasons for the closure.

When he was a teenager, Nathan Stibbs used to catch passes thrown by Peyton Manning during high school games. This week, he was thrilled to receive something else from the Indianapolis Colts star quarterback. Mr

Former Merrill Lynch CEO John Thain, who brokered the investment bank’s controversial sale to Bank of America, is taking over as chairman and CEO of CIT Group as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. CIT Group Inc., one of the nation’s largest lenders to small and mid-sized businesses, said Thain will take the helm immediately. The 54-year-old replaces acting interim CEO Peter J