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Morgan Stanley (NYSE:MS) plans to cut another 700 jobs by year's end to try and "rightsize" the...

Jul. 19, 2012 9:03 AM ETMorgan Stanley (MS) StockMSBy: Stephen Alpher, SA News Editor2 Comments
Morgan Stanley (NYSE:MS) plans to cut another 700 jobs by year's end to try and "rightsize" the bank, according to CFO Ruth Porat. The bank has already cut more than 3K positions this year. Shares -4.2% premarket (earnings miss earlier)

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