Morgan Stanley May Cut 1,600 Jobs

Morgan Stanley, the sixth-largest U.S. bank by assets, plans to eliminate about 1,600 jobs from its investment bank and support staff in coming weeks, a person with direct knowledge of the matter said.

China's GSR Capital Nears $1 Billion Nissan Deal
03:55 - GSR Capital is nearing a deal to acquire control of a Nissan rechargeable battery unit for about $1 billion, according to people with knowledge of the matter. Bloomberg's Timothy Sifert reports on "Bloomberg Markets." (Source: Bloomberg)
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