Earnings roundup: Morgan Stanley, Philip Morris

Among the earnings stories for Thursday, Oct. 18, from AP Business News:

_ Morgan Stanley reported higher revenue and net income for its third quarter thanks to gains in its bonds and asset management businesses.

_ Cigarette maker Philip Morris International Inc.'s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer cigarettes.

_ Drug and medical device maker Baxter International Inc. reported third-quarter results that edged 1 percent higher as the company trimmed expenses, meeting Wall Street expectations.