Stock index futures trade flat to higher

LONDON (Reuters) - Stock index futures pointed to a flat to higher open on Wall Street on Monday, with futures for the S&P 500 up 0.1 percent at 0844 GMT.Dow Jones and Nasdaq 100 futures were unchanged.European shares were also flat, with the FTSEurofirst 300 <.fteu3> just shy of a two-year high. The pan-European index has risen almost 3 percent since the start of the year.The U.S. economy...

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Morgan Stanley to trim Dubai staff amid global cuts: sources

DUBAI (Reuters) - Morgan Stanley Inc , the sixth-largest U.S. bank by assets, is trimming staff at its Dubai office, mainly by cutting jobs in its equities division, as part of a global plan to reduce costs, three sources aware of the matter said.The bank plans to slash 1,600 jobs globally, many of whom work in its securities unit, sources told Reuters last week.Big U.S. and European institutions...

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Swatch in $1 billion deal for Harry Winston brand

GENEVA (AP) — Switzerland's biggest watch maker, Swatch Group AG, says it has agreed to pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand. The Biel, Switzerland-based company says it will pay $750 million to acquire the brand from Toronto-based Harry Winston Diamond Corp. and will also assume as much as $250 million in debt. The acquisition includes the Harry Winston...

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