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NEW YORK – Dissident Morgan Stanley (MWD) shareholders ratcheted up the pressure on Chief Executive Philip Purcell (search) Thursday, calling for the company’s securities businesses to be spun off as a separate firm led by executives driven off during a recent upheaval. In an open letter to shareholders, eight retired …

This is a partial transcript from “On the Record,” May 30, 2005, that has been edited for clarity. GRETA VAN SUSTEREN, HOST: A very special edition of “On the Record” — we took the show on the road and went wild with “Jungle” Jack Hanna. Over the next hour, we …

WASHINGTON – Edward Gramlich (search), a member of the Federal Reserve Board since 1997, announced Wednesday that he plans to leave the central bank this summer and return to academia. Gramlich, 65, submitted his resignation, effective Aug. 31, in a letter to President Bush. Gramlich said he will not attend …