Morgan Stanley (NYSE: MS) said Thursday that the investment bank will contribute $1 million to the American Red Cross Haiti relief fund, according to Associated Press.
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U.S. government officials believe tens of thousands of people may have been killed in the 7.0- magnitude earthquake that struck Haiti on Tuesday.
The international Red Cross estimated 3 million people, which is a third of the population, may need emergency relief.
The investment bank says the donation is in addition to the company's annual $250,000 contribution to the Red Cross disaster relief program.
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