Fed OKs request for Japan stake in Morgan Stanley (AP)

Monday October 6, 5:33 pm ET By Martin Crutsinger, AP Economics Writer Fed grants approval for Japanese bank Mitsubishi to acquire stake in Morgan Stanley WASHINGTON (AP) -- The Federal Reserve has granted approval for Japan's largest bank to purchase a stake in U.S. investment giant Morgan Stanley. The Fed issued an order Monday saying that it had approved the... [read full story]