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Computer giant Intel and Revelations Entertainment, co-owned by Oscar winning actor Morgan Freeman and producer Lori McCreary announced the creation of ClickStar, a company designed to offer premium movies directly to the Internet, including original content and first run products.

Morgan Stanley's Board of Directors has elected John Mack as the company's Chairman of the Board and CEO to replace Philip Purcell who announced his retirement a couple of weeks ago.

As Morgan Stanley tries to find a replacement for recently ousted CEO, Philip Purcell, the firm's financial performance continues to suffer. It reported its biggest quarterly profit decrease in about four years.

Morgan Stanley, who is currently searching for a replacement for recently ousted CEO Philip Purcell, reported its biggest decrease in quarterly profits in nearly four years.

J.P. Morgan Chase and Citicorp have agreed to pay the Enron piper, in theory. J.P Morgan reached an agreement last night that stated they would pay upward of $2.2 billion dollars. The massive banks have agreed to pay a lot of money in recent months of bungled business deals. Citicorp coughed theirs up last week to the tune of $2 billion.

Citigroup recently agreed to pay $2 billion to settle a lawsuit from Enron investors, and now J.P. Morgan Chase & Co. is following suit and paying $2.2 billion.

Morgan Stanley CEO Philip Purcell sent a letter sent around to employees of the company announcing his plans to retire. Lately he has faced a lot of criticism.

J.P. Morgan Chase & Co. is following Citigroup's lead, agreeing to settle a lawsuit from Enron investors for $2.2 billion. Morgan was accused of having a role in a big accounting fraud scandal at Enron.