Times Staff and Wire Reports

Morgan Stanley Profit Up 73%: Morgan Stanley Group Inc.'s quarterly earnings rose 73% with help from a strong revenue gain in its investment banking business, the Wall Street firm said. The earnings jump was more than analysts were expecting. The firm said it earned $209 million, or $2.45 per share, in the quarter ended Aug. 31, up from $121 million, or $1.31 per share, in the three months ended July 31, 1994. Morgan Stanley changed its fiscal year-end from January to November.

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