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Morgan Stanley Won't Sell Discover Card Unit

by Peter Andrew

New

Morgan Stanley CEO John Mack, who took over for Phil Purcell

on June 30, said Wednesday that previous proposals to divest

the Discover credit card arm would not go forward.

Mack

said the Discover unit generates solid revenues and free cash

flow.

Published 08/18/05 (Modified 05/07/12)


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