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PPWE, MS - The Latest Market News From DrStockPick.com!

Posted, by drstockpick on January 20th, 2011

Everyone has been touched by America’s oil and natural gas industry. Farmers use fertilizer that comes from natural gas. Truckers use diesel fuel to transport goods to the markets.

Businesses count on oil and natural gas to make and sell their products and supply their services. If you purchase a loaf of bread, buy a new electronic gadget, or drive a car, you should consider yourself a part of the oil and natural gas industry. From airline pilots to welders, and all jobs in between, we’ve all take part in our energy future.

The industry reinforces jobs not just in exploring, producing, refining, transporting and marketing oil and natural gas, but also through the purchases it makes of other goods and services that support the industry’s operations. Equipment suppliers, construction companies, management specialists, and food service businesses are all a strong connection in the industry. These businesses turn around and purchase other goods.

Proper Power & Energy Subsidiary Begins Production in Kentucky!

Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob) announced that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.

ARI has completed the re-work on all 4 wells, with those wells online and pumping. "This is an exciting day for us," stated Proper Power President, Andrew Kacic. "This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence."

Proper Power & Energy is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil. Please visit our website www.properpower.com.

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Morgan Stanley (NYSE:MS) reported income of $4.5 billion, or $2.44 per diluted share, from continuing operations applicable to Morgan Stanley for the year ended December 31, 2010 compared with income of $1.3 billion, or a loss of $0.82 per diluted share, a year ago.

Net revenues were $31.6 billion for the year compared with $23.4 billion a year ago. Net revenues in the current year included negative revenue of $873 million, or $0.30 per diluted share, related to Morgan Stanley’s debt-related credit spreads (DVA), compared with negative revenue from DVA of $5.5 billion in the prior year.

Comparisons of current year results with the prior year were affected by the results of Morgan Stanley Smith Barney joint venture (MSSB), which closed on May 31, 2009. The results for the year also included approximately $1.0 billion, or $0.65 per diluted share, associated with discrete tax gains.

Morgan Stanley announced that its Board of Directors declared a $0.05 quarterly dividend per common share. The dividend is payable on February 15, 2011 to common shareholders of record on January 31, 2011.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 42 countries.

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Authored by, drstockpick
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