Wednesday, August 8, 2012

As one can't seasonally adjust car payments , medical bills , groceries , rent / mortgage payments or Batman tickets - here's a look at the real economy.....

http://online.wsj.com/article/SB10000872396390443991704577577190049118980.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Now, It Is Man vs. Machine

As Morgan Stanley Beefs Up Bond Business, Firm Is Bringing in More Computers

MORE IN TECH »

BY AARON LUCCHETTI AND BRETT PHILBIN

In a move to repair its flagging bond-trading business, Morgan Stanley is scrambling to replace some of its well-paid bond traders with computers.
The New York company is hiring programmers and technology specialists to help it trade bonds electronically and handle client orders in the hope of exploiting an expected shift in the way bonds and other fixed income products are traded.
While the effort represents only a part of what the firm is doing to boost low returns in the business, the shift already has reduced the ranks of interest-rate and foreign-exchange traders on some desks by 10% to ...

and......


http://www.cnbc.com/id/48477880

Morgan Stanley Considers Shutting Offices, Cutting Staff: Sources

Published: Wednesday, 8 Aug 2012 | 4:02 AM ET
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By: Reuters
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Morgan Stanley, under fire to boost profit margins in its retail brokerage arm, is considering closing brokerage offices, laying off support staff and requiring some branch managers also to generate revenue as advisers under a cost-cutting drive, three people briefed on internal discussions said.
Morgan Stanley
Gregory Bull / AP
Morgan Stanley
Morgan Stanley [MS  14.57    0.07  (+0.48%)   ], which controls the Morgan Stanley Smith Barney venture owned jointly with Citigroup
[C  28.86    -0.03  (-0.1%)   ], last week reduced the number of regions to 12 from 16, eliminating four manager jobs.
Only about eight months earlier the firm had consolidated its regional manager ranks from 19.
Recruiters, citing conversations with advisers and managers at the firm, sayadditional cost cutting measures are expected to be announced in the coming weeks.
Among the changes under discussion, they said, is a 10 percent cut in the venture's 120 branch "complexes", which are groups of branch offices in a city or region that share compliance and administrative staff.
Morgan Stanley spokeswoman Christine Jockle declined to comment.
Morgan Stanley is eager to slash spending in the brokerage division after all of its nearly 17,000 brokers were transferred last month onto a common technology platform.
Redundant offices from Morgan Stanley's and Smith Barney's nationwide networks will be closed, and support jobs will be eliminated.
It was not immediately clear how many jobs are in jeopardy, although as many as 100 offices could be closed, one of the sources said.

When the brokerages were first combined in mid-2009, Morgan Stanley Smith Barney had more than 950 U.S. branch offices, according to the bank's second quarter 2009 earnings report.
At the end of June this year, the firm had 740 offices worldwide.
Morgan Stanley no longer breaks out the number of U.S. locations.
The firm also wants more managers, who generally are responsible for recruiting and running offices, to advise clients so that they might also produce revenue.
One recruiter, Danny Sarch of Leitner Sarch Consultants, said the moves are part of a broader cost-cutting initiative known internally as "Project August." Morgan Stanley has told investors its wealth management business, weighed down by an expensive merger integration and a tough market environment, can deliver mid-teens pretax profit margins.
The margin improved to 12 percent in the second quarter after dipping as low as 8 percent.


and jobs cuts , layoffs , closing in the non seasonal adjustments , non Birth death adjusted world.....





August 8 , 2012
Sources: Morgan Stanley - Considers Shutting Offices, Cutting Staff
Matrix Medical Network - 48
The Cape Cod Museum of Art - 7
Baker Victory Services - 143 Layoff Notices
Qantas Airlines - 2,800 Job Cuts Expected over Next Few Years
Haworth Inc - Confirms < 40 Layoffs
The Shriners Hospital for Children FL - 30
Pacific Northwest National Laboratory - Completes Round of Layoffs Totaling 212 
Infinity Pharmaceuticals - 20% of Jobs
Whirlpool facility in Evansville - More Job Cuts
Westchester Medical Center NY - 124
GLMV Architecture - 5




August 8 , 2012

 BASF Corp.'s McIntosh plant Alabama will shutter one of three production units
Harland Clarke Holdings to Close its Milton Printing Facility
The Tractor Supply Co. location off Interstate 29 in Sioux City IA
Marling’s Home Furnishings in Topeka KS
Computershare is closing the Pittsburgh office NY - 156 Jobs Lost
The Child Care Center at Folts Home in Herkimer NY
DMI Industries, Inc. will close its Tulsa plant located at 15300 E. Apache St and one in West Fargo ND.
August 7 , 2012
KeyBank will close one of its Dayton branches Ohio
The Outdoor Adventure Center on the Illinois State University campus
2 Midwest Generation coal plants in Chicago - 210 Jobs Lost
Sanford Health Closing Kennebec location SD
Astellas Pharma Closing a Drug Discovery Operation in Durham NC
Shobha’s Boutique in Cocoa Beach FL
General Electric Co. will close its Salisbury plant next year NC
Taylor-based Alken-Ziegler Inc Closing - 110 Layoffs in Michigan and Ohio
Video King in Waterbury VT?
DeCou Lumber in CA?
Cherry Books, 1054 Canal Blvd Thibodaux La
Barley & Hops Olde World Family Tavern Temecula Parkway CA


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