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."
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Amazon Bonds Net $16 Billion in Whole Foods Funding
19:40 - Amazon.com Inc. sold $16 billion of unsecured bonds in seven parts to finance the deal that will allow it to acquire Whole Foods Inc. Bloomberg Intelligence's Noel Hebert reports on "Bloomberg Daybreak: Americas." (Source: Bloomberg)