(Reuters) - Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.
The staff reduction pertains to Morgan Stanley's institutional... Read More »
Over the last decade, companies have paid out millions of dollars in sex discrimination suits when business has mixed with topless pleasure. But a new case out of Maine falls into more of a legal "gray area," according to an employment law expert, and reported by The Portland Press Herald.
Every year,... Read More »
Wall Street is facing a crisis even worse than the financial meltdown of 2008, reports New York magazine in a sweeping cover story. As pieces of the Dodd-Frank financial-reform act come into effect, revenues are plummeting, bonuses are getting slashed, and firms are selling off chunks of office space.
"If... Read More »