A Roller Coaster Economy

April 23rd, 2009

The ride keeps on going.

AT&T Inc (T.N) posted a smaller-than-expected drop in quarterly profit due to strong growth in its nascent video and high-speed Internet service, sending shares up 2 percent.

And the downs.

Morgan Stanley (MS.N) posted its second straight quarterly loss on Wednesday and slashed its dividend as real estate investment losses and a debt-related charge wiped out gains from its trading businesses.

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