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Morgan Stanley Focuses on Cost Cutting

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Bet Wall Street loves Jamie after this [CNBC]

Today's Street Talk:Morgan Stanley focuses on cost cutting [WSJ] "Morgan Stanley offered a glimpse into Wall Street's future, and the outlook has changed so much from the heady days of the past that the firm is planning to keep a close watch on BlackBerry usage."

Fleeing to Foreign Shores [NYTimes] "As young, fast-growing companies are forced to look overseas for public status and investors, executives and analysts fear that they may increasingly shift their geographic focus — and as a result any jobs they create will be abroad."

The NetNet Weather Report: It's HOT... no duh. [Weather.com]