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Morgan Stanley

Nervy global investors revisit 1930s playbook

Global investors are once again dusting off studies of the 1930s as fears of protectionism, nationalism and a retreat of globalization, sharpened by this week’s Brexit referendum, escalate anew. With markets on tenterhooks over Thursday’s “too close to call” vote on Britain’s future in the European Union, the damage an exit vote would deal business

Google Revenue Falls Short of Estimates, Ad Prices Drop

 Google Inc. ‘s costs are rising as the search provider finds it harder to keep up with a shift to advertising on mobile phones and sales fall short of estimates. Revenue, excluding sales passed on to partners, was $12.2 billion in the first quarter, falling short of a projection by analysts for $12.3 billion, according to