Morgan Stanley stake lifts NQ Mobile

Shares of NQ Mobile, the mainland mobile services provider accused by short seller Muddy Waters of overstating revenue, surged the most in a month in New York trading after Morgan Stanley said it had bought a stake in the company.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1394320/morgan-stanley-stake-lifts-nq-mobile