Morgan Stanley Expected to Cut 700 Jobs by Year-End

July 19 (Bloomberg) -- Bloomberg's Betty Liu and Dominic Chu report that Morgan Stanley’s headcount will fall by more than 700 by the end of this year, Chief Financial Officer Ruth Porat said. Morgan Stanley has already cut 3,272 jobs since the start of 2012 and the firm expects that number to climb to 4,000 by the end of the year. They speak on Bloomberg Television's "In The Loop."
Greece Rejected Proposal No Longer on Table: Juncker
05:13 - Greece voted "no" on a proposal that is no longer on the table, according to Jean-Claude Juncker, president of the European Commission. Juncker said he would seek an explanation of the Greek vote from Prime Minister Alexis Tsipras, while adding he opposes a Greek exit from the euro area. He spoke in a debate at the European Parliament. (Source: Bloomberg)
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