Morgan Stanley Extends Job Cuts and 3 Hot Stocks Making Rounds

Harry Winston (NYSE:HWD): Current Price $14.70

The Canadian Harry Winston (NYSE:HWD) watch and jewelry brand has been acquired by Swatch Group AG, Switzerland’s largest watch maker, for approximately $750 million, plus debt of about $250 million. About 500 employees across the world and the Harry Winston production facility in Geneva are included in the deal. The transaction provides Harry Winston Diamond Corp a “sound return” on its original investment in the brand, and frees it up to look again at diamond resource opportunities that would enable it to grow its business of supplying diamond roughs to the global market. As for Swatch, the acquisition of the brand “brilliantly complements” the prestige segment in its portfolio.

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Toyota Motor Corporation (NYSE:TM): Current Price $96.82

Toyota Motor Corporation (NYSE:TM) has wrested back from General Motors (NYSE:GM) the crown of being the world’s largest automaker after selling 9.7 million cars and trucks globally in 2012 against GM’s sales off 9.29 million vehicles. General Motors had become the largest global auto maker 2011 after Toyota lost production due to an earthquake and tsunami in Japan and flooding in Thailand. Toyota not only bounced back from these setbacks in 2012, it also scored a coup by revamping its Camry sedan, the highest selling car in the US.

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Walmart Inc (NYSE:WMT): Current Price $68.54

Walmart Inc (NYSE:WMT) is likely to work with insurance and managed care companies to identify innovative and low cost health insurance options customised for smaller companies which have so far been offered only limited options. Walmart is considering offering these options through a private health insurance exchange, a marketplace if you please, that “would allow small employers to piggyback Walmart,” according to Marcus Osborne, vice president of health and wellness payer relations and reported by the Orlando Business Journal.

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Morgan Stanley (NYSE:MS): Current Price $19.94

Morgan Stanley (NYSE:MS) will now extend its job cuts to investment banking positions in Asia. A 15% cut is likely to include the departure of Asian managing directors Saul Raccah and Leon Guo. A total of about 1600 jobs will be lost in the investment bank and support staff operations in the future weeks, with roughly half of that accounted in the US.

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