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Morgan Stanley cut 1,500 jobs this week: source (Reuters)

The Morgan Stanley headquarters is seen in New York January 30, 2008. (Shannon Stapleton/Reuters)Reuters - Morgan Stanley cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees.



Wall St ends flat as energy gains offset sentiment (Reuters)

Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks finished little changed on Friday as surging oil prices lifted energy shares and offset data that showed consumer confidence sank to its lowest in 28 years.



Consumers' mood as grim as early-80s (Reuters)

Consumer sentiment plunged in May to the lowest since June 1980 thanks largely to soaring food and fuel prices, according to the latest (University of Michigan survey of consumers. REUTERS/Graphics/Reuters)Reuters - U.S. consumer confidence tumbled to a 28-year low this month as rising prices strained household finances, while another drop in single-family housing starts underscored problems still plaguing the economy.



Shareholders file new legal claims in Yahoo case (Reuters)

Microsoft Corp Chairman Bill Gates speaks during a news conference in Tokyo May 7, 2008. (Yuriko Nakao/Reuters)Reuters - Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.


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