Early Market News: Morgan Stanley (NYSE:MS), Medco Health Solutions (NYSE:MHS), Ingram Micro (NYSE:IM)

Here are several more stock briefings which could affect stocks in trading later today. The following listed companies should see some movement: Morgan Stanley (NYSE:MS), Medco Health Solutions (NYSE:MHS), Ingram Micro (NYSE:IM). Here is a more detailed look at the news that will affect each company when trading continues. Morgan Stanley (NYSE:MS) Morgan Stanley (NYSE:MS) has been selected by Fortune Brands Inc. to run an auction for its golf division. In this sale which could fetch as much as $1.5 billion, Morgan Stanley (NYSE:MS) will be approaching potential buyers such as Nike Inc and Adidas AG as well as private-equity firms and Asian companies such as Sumitomo Rubber Industries Ltd. The decision of Fortune Brands to sell its golf unit will be binding on the interest from potential buyers. Medco Health Solutions (NYSE:MHS) Medco Health Solutions (NYSE:MHS) has announced it will end its agreement with MemberHealth LLC by Dec. 31, 2011. Under the agreement, MemberHealth LLC which is a subsidiary of insurer Universal American has been providing Medicare Part D prescription benefits to Medco Health Solutions (NYSE:MHS). The company said that contract termination is as a result of CVS Caremark Corp.’s acquisition of Universal American’s Medicare Part D business and this will not affect its 2011 results. Ingram Micro (NYSE:IM) Ingram Micro (NYSE:IM) has signed an exclusive Master Distributor Agreement with OnStar. Under this agreement, Ingram Micro (NYSE:IM) will be distributing the new in-vehicle, retail product that enables OnStar’s safety, security and connectivity services to be installed in cars which are already on the road. The senior vice president of Specialty Solutions, Ingram Micro, John Soumbasakis said that “Our proven ability to service consumer electronics and information technology vendors with the global logistics, supply chain, demand generation and marketing services to maximize business potential and efficiencies is unrivaled in the industry." We could see more movement when trading continues for Morgan Stanley (NYSE:MS), Medco Health Solutions (NYSE:MHS) and Ingram Micro (NYSE:IM).
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