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NEW YORK – Morgan Stanley (MWD) shares sank Monday after the board reaffirmed its support for embattled Chief Executive Philip Purcell (search), disappointing investors speculating on a break-up of the company. The board did approve significant by-law changes making it easier to unseat Purcell in the future and investors unhappy …

NEW YORK – The Freedom Tower to be built on the former World Trade Center (search) site must be redesigned to address security concerns raised by the police department, Gov. George Pataki said Wednesday following a meeting with the mayor and other officials. “We believe that a building that meets …

DALLAS – A car driven by a 14-year-old crashed into a day-care center in a shopping center Tuesday afternoon, injuring eight children, police said. Investigators say the teenager hit a curb as she tried to turn into the shopping center, lost control and careened into the building. The car crashed …