Sridhar Natarajan

As Wall Street’s fixed-income desks struggled in the third quarter, their rivals in equities seized a rare opening to outshine their market brethren.

(Bloomberg) -- Morgan Stanley's profit for the third quarter climbed as the firm's equity traders trounced analysts' estimates and the firm's wealth-management operation brought in a record amount of money.

Morgan Stanley said half of those new assets were tied to initial public offerings. The firm's IPO bankers have worked on some of the year's biggest listings, including SpaceX. Elon Musk's aerospace company is a customer of Morgan Stanley's workplace channel, which provides clients' employees with benefits including equity compensation, retirement plans and other executive services.

The National Football League picked General Atlantic to set up an investing platform for a deeper push into global sports investing.

An insurer controlled by Mark Walter, the billionaire owner of the Los Angeles Dodgers, won partial approval on a plan to slash lending to his other businesses after those deals came under scrutiny from the Justice Department.

Dodgers Owner Mark Walter Wins Partial Nod to Slash Pile of Scrutinized Loans

An insurer controlled by Mark Walter, the billionaire owner of the Los Angeles Dodgers, received partial approval on its plan to slash a pile of loans that is being scrutinized by the Justice Department.

Mark Walter is looking to sell the WNBA’s Los Angeles Sparks, taking another step in the dismantling of his sports-team empire, according to people familiar with the matter.

Dodgers owner Mark Walter is seeking to sell the WNBA's Sparks for a record valuation amid ongoing investigations into his companies.

A transformative artificial intelligence boom that sweeps across the global economy will leave some casualties in its wake — at least, that’s the verdict of Citadel co-Chief Investment Officer Pablo Salame.