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TheStreet Open House

BC-Business News Digest

â¿¿ NESTLE PURINA-DOG TREAT RECALL â¿¿ Two makers of pet treats are pulling products from the market because they may contain traces of poultry antibiotics that aren't approved in the U.S.

â¿¿ WENDY'S-PRETZEL BURGER â¿¿ In its latest push to establish itself as a purveyor of premium burgers, Wendy's is testing a pretzel bun.

â¿¿ MGM CHINA-MACAU â¿¿ MGM Resorts' China unit gets official Macau approval for a second casino in the world's largest gambling market.

â¿¿ WAL-MART-GUN CONTROL â¿¿ Wal-Mart Stores Inc. will join talks at the White House on Thursday about gun control and safety, after previously not planning to attend.

INDUSTRY:

MORGAN STANLEY-JOB CUTS

NEW YORK â¿¿ The investment bank Morgan Stanley plans to cut about 1,600 jobs, nearly 3 percent of its workforce, according to a person familiar with the bank. The cuts will focus on senior ranks at the bank. By Business Writer Christina Rexrode.

GENERAL MOTORS-CEO

DETROIT â¿¿ General Motors CEO Dan Akerson says he hopes the company regains investment-grade credit status this year. It's working with credit rating agencies to raise its status from junk, where it's been since 2005. By Auto Writer Tom Krisher.

MONOPOLY-NEW TOKENS

NEW YORK â¿¿ The gig is almost up for one of the eight Monopoly tokens. But which will it be? Iron? Thimble? Top Hat? Hasbro is holding a Facebook contest to eliminate one of the eight tokens that identify the players and introduce a new one. By Retail Writer Mae Anderson.

AP photos.

â¿¿ SEC-KPMG AUDITORS â¿¿ Two KPMG auditors are facing charges of enabling managers at failed TierOne Bank to hide millions in losses during the 2008 financial crisis through flawed accounting procedures.

â¿¿ PREGNANCY DRUG-LAWSUIT â¿¿ A lawyer for four sisters who claimed their breast cancer was caused by a drug their mother took during pregnancy in the 1950s says they have reached a settlement with pharmaceutical company Eli Lilly. AP photo.

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