FREDERICTON - New Brunswick's finance minister says the government will continue to forge ahead with pension changes despite strong returns in the past year by pension plans for the province's public service, teachers and judges. Net assets for the plans reached an all-time high of $10.1 billion as of March 31, 2013, up from $9.4 billion a year earlier. But Blaine Higgs says despite the good returns, the province still had to make about $140 million in special payments to the plans, and there were pension payouts of more than $305 million.

NEW YORK (Reuters) - Morgan Stanley is once again targeting pretax profit margins of 20 percent or more in its wealth management business, according to a presentation by CEO James Gorman on Wednesday. Morgan Stanley is targeting margins of 20 to 22 percent by 2015, assuming no change in interest rates or equity markets.

By Katharina Bart ZURICH (Reuters) - Switzerland cleared the first hurdle towards ending a long-running U.S. tax probe after one chamber of lawmakers voted to allow banks to sidestep strict secrecy laws to end the threat of criminal charges for helping wealthy Americans evade tax. The draft law is set to face far tougher opposition in Switzerland's lower house next week than in the upper chamber, which passed it by a decisive 24 votes to 15 on Wednesday.

By Olivia Oran and Alistair Barr (Reuters) - Textbook rental company Chegg has selected two banks to lead an initial public offering, according to three sources familiar with the matter. The Santa Clara, California-based company has picked JPMorgan Chase & Co <JPM.N> and Bank of America Corp <BAC.N>, the sources said. The offering could raise $200 million, one of the sources said. JPMorgan and Bank of America declined to comment. Chegg could not be reached for comment.