Heavy Volume Stocks: Microsoft Breaks Out, BofA Pops, Morgan Stanley Rallies

Microsoft Corporation (NASDAQ:MSFT): Microsoft CFO Peter Klein spoke at the Goldman Sachs conference, with highlights including an admission that Skype is being integrated into Office similarly to Sharepoint, and a claim that Skype and Lync will amplify each other as opposed to stepping on each others’ toes.

Morgan Stanley (NYSE:MS): Moody’s warned that it may lower the credit ratings of 17 global and 114 European financial institutions as the impact of the euro zone government debt crisis spreads throughout the financial system worldwide, reports Reuters. Moody’s also said it was reviewing the long-term ratings and standalone credit assessments of a range of banks.

Bank of America Corp (NYSE:BAC): The proposed $8.5B settlement of some of Bank of America Corp.’s (NYSE:BAC) mortgage-backed securities liability could be in the courts for years, according to Chief Judge Dennis Jacobs, a top appeals court judge. The 2nd U.S. Court of Appeals in New York is considering if last year’s Bank of America accord is a matter for federal court review or belongs in state court where it was first filed.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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