Winn-Dixie To Shed Stores and Employees

Winn-Dixie announced plans to cut about 22,000 jobs as it closes 36% of its stores across the U.S. and in the Bahamas in an effort to improve the company's financial performance.

Morgan Stanley’s Performance Worsens

Morgan Stanley, who is currently searching for a replacement for recently ousted CEO Philip Purcell, reported its biggest decrease in quarterly profits in nearly four years.