Morgan Stanley (NYSE:MS): Brookfield Office Properties (NYSE:BPO) inks a lease with Morgan Stanley for a property with 1.2 million square footage at One New York Plaza in Lower Manhattan. Brookfield says that this is the largest single-asset lease since 2008 in the City. An 816,000 square foot portion of the property is currently occupied by MS, along with Wells Fargo with around 782,000 square feet; the new direct lease (expires 2029) will expand Morgan Stanley’s premises by approximately 337,000, for a new total square footage of 1,153,000.
Bank of America (NYSE:BAC): Reuters says that the Securities and Exchange Commission has told its staff to adhere more to the judgments of its economists, and thereby to provide more stringent economic justifications when applying rules. The agency is reacting to criticisms regarding how it measures the economic impact of its rules, from Republican lawmakers, U.S. appeals judges and government monitors, following a review of a Match 16 SEC memo.
Dell Inc. (NASDAQ:DELL): Windows 8 is due for fall release, and Microsoft (NASDAQ:MSFT) is giving more details. The software will be available in three different editions (as opposed to the six for Windows 7): The standard consumer edition ‘Windows 8’; an edition for business users and computer geeks, ‘Windows 8 Pro’; and an edition for systems running ARM-based CPUs, ‘Windows RT’. Microsoft has so far received mostly positive feedback on the reports, saying that PC makers hope that Windows 8 will enable them to market legitimate competitors to the iPad.
Oracle Corp.’s (NASDAQ:ORCL) Oracle Transportation Management division has been named by Swift Transportation (NYSE:SWFT) as the foundation for its Swift Logistics division. The Oracle unit will allow Swift Logistics to provide its growing logistics service to its customers’ value added solutions by supporting existing services. Swift’s customers, in return, will benefit from such solutions as integrated and streamlined transportation planning and execution, and freight payment for multiple transportation modes on one single platform.
Sprint Nextel Corp.’s (NYSE:S) attempt to rival Apple’s (NASDAQ:AAPL) iPhone and Google’s (NASDAQ:GOOG) Android with European telecom operators didn’t make the grade, according to Reuters. The agency also has reported that the operators says that Nokia’s new Lumia smartphones miss the mark when compared to the iPhone or Samsung’s Galaxy phones.
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