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Update: Sun reorganizes, cuts up to 18 percent of workforce
Sun is laying off 15 percent to 18 percent of its employees as part of a restructuring plan aimed at saving $700 million to $800 million a year, and its top software executive is leaving the company, Sun said Friday.The cuts will affect between 5,000 and 6,000 employees. Sun is also reorganizing its ... more »
InfoWorld  –  Nov 14, 2008 4:11 PM [GMT]  –  comment?
found in Technology
Sun leads drop in tech stocks on opening bell
SAN FRANCISCO (MarketWatch) -- Technology stocks fell on Friday's opening bell after Sun Microsystems announced that it plans to lay off as many as 6,000 employees in a cost-cutting move. Shares of Sun fell 3.4% in early trading. Other hardware stocks such as Apple , Hewlett-Packard and Dell we ... more »
MarketWatch.com  –  Nov 14, 2008 2:39 PM [GMT]  –  comment?
found in Business: Markets
Icap upped by Goldman Sachs to neutral
LONDON (MarketWatch) -- A day after a Morgan Stanley downgrade led to heavy selling pressure, Goldman Sachs upgraded Icap to neutral from sell. "While we still believe that the interdealer brokers face meaningful cyclical headwinds and our structural concerns remain, we believe that the market ... more »
MarketWatch.com  –  Nov 14, 2008 09:02 AM [GMT]  –  comment?
found in Business: Markets
Market Report: Downgrades send Icap and Tullett reeling
Icap and Tullett Prebon were pushed on to the back foot yesterday after Morgan Stanley, mindful of tougher trading conditions next year, took a knife to its earnings forecasts for the two inter-dealer brokers.
The Independent  –  Nov 14, 2008 12:00 AM [GMT]  –  comment?
found in Business
Senior Wachovia Executives Join Morgan Stanley.
Two senior Wachovia Corp. executives have joined Morgan Stanley’s retail-banking group.
WNCN - NBC 17  –  Nov 13, 2008 4:55 PM [GMT]  –  comment?
found in Local: North Carolina: Raleigh-Durham
Tupperware Brands Corporation Announces Webcast at the Morgan Stanley Global Consumer & Retail Conference
Read full story for latest details.
PR Newswire  –  Nov 13, 2008 4:36 PM [GMT]  –  comment?
found in Top Stories: Press Releases
Icap shares fall after Morgan Stanley downgrade
LONDON (MarketWatch) -- Icap shares fell as much as 31% in London on Thursday, after Morgan Stanley downgraded the interdealer-broker to underweight from equalweight saying that it expects revenue to fall in 2009.
MarketWatch.com  –  Nov 13, 2008 12:47 PM [GMT]  –  comment?
found in Business
Photo from New York Post Morgan Under Knife
Morgan Stanley CEO John Mack, known on Wall Street as "Mack the Knife," is expected to wield his blade as soon as today as he cuts roughly 5 percent of the firm's global workforce. The deepest cuts are expected to be in Morgan's asset management...
New York Post  –  Nov 13, 2008 09:11 AM [GMT]  –  comment?
found in Business
Morgan Stanley Unveils Job Cuts
NEW YORK (AP) - Morgan Stanley on Wednesday outlined plans to cut 10 percent of staff in its biggest business, which covers everything from investment....
Memphis Daily News  –  Nov 13, 2008 06:56 AM [GMT]  –  comment?
found in Local: Tennessee: Memphis
Big bucks from sick kids
A heartless stockbroker became a Morgan Stanley rainmaker by pilfering more than $500,000 in trumped-up trading fees from the accounts of injured kids.
New York Daily News  –  Nov 13, 2008 06:03 AM [GMT]  –  comment?
found in Local: New York: New York