Morgan Stanley More Money, AIG Breaking Free, and Apple Unveils (NYSE:MS),(NYSE:AIG),(NASDAQ:AAPL)

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Morgan Stanley plans to get about $277 million from the formation of joint ventures with Mitsubishi UFJ Financial Group Inc. and seeks to rid itself of its $1.2 billion stake in a foundering Atlantic City casino investment. – Marketwatch

American International Group Inc. Chief Executive Officer Robert Benmosche said the insurer is becoming less reliant on U.S. aid as it sells units, borrows from debt markets and strengthens operations it intends to keep. The bailed out insurer is “now on a path” to repaying the loans included in its $182.3 billion rescue package, Benmosche said in an interview yesterday. The company will first pay off the $25.3 billion it owes the Federal Reserve before deciding how to raise the cash it needs to end its separate arrangement with the U.S. Treasury that includes a draw on a second credit line of more than $40 billion.  – Bloomberg

Apple shareholders and developers are relying on this new tablet computer to usher in the next big advancement in personal computing. Donning his trademark black turtleneck, denim jeans, and sneakers, Steve Jobs initially unveiled the iPad at an Apple event in late January. Using the words "extraordinary" and "magical" to describe the product, he demonstrated the touch screen tablet's capabilities to a crowd of adoring fans, many of whom may already be standing outside of Apple Stores hoping to be the first to own one. – TheStreet

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