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Late last year, after the financial crisis, Morgan Stanley made a decision that its biggest rivals avoided: burned by the crisis, it would take far fewer risks in its trading.
Investors should hope for a boring stretch in the markets. Until the fundamentals improve, more excitement could be dangerous.
TerreStar-1, the world's biggest commercial telecommunications satellite, is put into orbit.

First byte

Posted by BBCNews 16 hours ago (http://news.bbc.co.uk)
The Californian origins of home computing
The crackdown on illegal file-sharers is catching innocent people alongside the pirates, according to a report.
The number of people visiting Twitter has soared over the past year, according to an internet monitoring company.

Free future

Posted by BBCNews 16 hours ago (http://news.bbc.co.uk)
Wired magazine's editor talks open software
The creator of two successful Web sites that catered to fans of electronic equipment like cameras and cellphones is helping to start a third, featuring reviews written by consumers.
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