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Morgan Stanley cut 1,500 jobs this week: source (Reuters)
Fri, 16 May 2008 22:47:04 GMT

The Morgan Stanley headquarters is seen in New York January 30, 2008. (Shannon Stapleton/Reuters)Reuters - Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees.


Wall St ends flat as energy gains offset sentiment (Reuters)
Fri, 16 May 2008 20:49:15 GMT

Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.




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