Here are the top finance stories of the day for October 9

Happy Friday!

The big news of the day was Morgan Stanley announcing plans to acquire investment manager Eaton Vance for $7 billion. We’ve got some great analysis on the news, so no point wasting any more time up here!

If you’re not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.

We are also looking for nominations for our first-ever Rising Stars of Real Estate. Get all the details on how to apply here.

Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco


James Gorman, the chief executive of Morgan Stanley.

James Gorman, the chief executive of Morgan Stanley.

Joshua Roberts/Reuters


It’s been a big year for Morgan Stanley. 

Less than eight months after announcing plans to acquire discount brokerage E-Trade for $13 billion — and not even a week after closing the deal

Read More Read more

City spends $1M on air filters for Syracuse schools; more top stories (Good Morning CNY for Sept. 29)

Subscribe to get the Good Morning, CNY newsletter (brought to you by Kinney Drugs) delivered to your email inbox weekday mornings.

Weather

High: 64; Low: 53. Cooler with periods of rain.

Photo of the Day

WANT TO BUY A LANDMARK TIPP HILL BAR? HERE’S YOUR CHANCE: George O’Dea’s, the self-proclaimed “old guys” bar at one of the oddest intersections on Syracuse’s Tipperary Hill, is closed and the building is up for sale. It’s been closed since St. Patrick’s Day (March 17) — the first day of the initial coronavirus bar-and-restaurant shutdown.It wasn’t strictly the coronavirus that closed O’Dea’s, though. (Don Cazentre photo)

What’s Trending

Family: Slain Canastota woman was trying to leave abusive marriage: Elizabeth “Lizzie” Garrow, a pregnant 19-year-old mother, was found dead Sunday, four days after she went missing in Canastota. Now, Garrow’s family talks about their loved one, her whirlwind marriage and the abuse they say

Read More Read more

The Most Absurd Foreclosure Stories

Find out about the 5 most absurd foreclosure stories, including one where someone owed nothing.

Absurd foreclosure stories

Foreclosure is typically the result of homeowners unable to pay their mortgages due to financial problems. But, in these five cases, homeowners are faced with foreclosure for bizarre and unjust reasons. Check out these things a new homeowner often doesn’t know.

No. 1: An unpainted mailbox

For Joe DiVerde, from Wesley Chapel, Florida, owning his home proved to be more of a hassle than an American dream. DiVerde faced an unexpected ultimatum from his homeowners’ association: either paint your mailbox, pay a $1,000 fine, or face a foreclosure. Because of an address mix-up, DiVerde never received prior concern over his mailbox and by the time he received notice, it was too late.

No 2: Zero-dollars due

One of the strangest reasons we’ve heard for foreclosure is a homeowner owing no money at

Read More Read more