Morgan Stanley may cut up to 1,800, or 4% of jobs

Morgan Stanley may announce a cut up to 4% of its workforce this month, The Wall Street Journal reported Monday on its Web site, citing a source close to the investment bank's plans. The Journal said that Morgan Stanley is expected to announce 1,500 to 1,800 job cuts, or about 3% to 4% of its workforce. The cuts would not include brokers that are ready to merge with Citigroup's Smith Barney unit,