New York, NY -- (SBWIRE) -- 02/27/2013 -- Lowe's Companies Inc. (NYSE: LOW) reported net earnings of $288 million and diluted earnings per share of $0.26 for the fourth quarter of 2012. For the fiscal year, net earnings were $2.0 billion and diluted earnings per share were $1.69.
Lowe’s fiscal year ends on the Friday nearest the end of January; therefore, fourth quarter and fiscal year 2011 included an extra week compared to 2012. As a result of the extra week in 2011, net earnings for the fourth quarter declined 10.6 percent and diluted earnings per share were flat from the fourth quarter of 2011. Net earnings for the fiscal year increased 6.5 percent and diluted earnings per share increased 18.2 percent from fiscal year 2011.
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Morgan Stanley (NYSE: MS) announced that Thomas R. Nides, former Deputy Secretary of State and former Chief Operating Officer of Morgan Stanley, will rejoin the Firm as Vice Chairman.
In his new role, Mr. Nides will have a broad mandate focusing on the Firm’s global clients and other key constituencies around the world. He will also work with senior management on issues related to external and government affairs. Mr. Nides will be a member of Morgan Stanley’s Operating and Management Committees and will report directly to Chairman and CEO James P. Gorman.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
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