Morgan Stanley filed a "WARN" notice with the New York State Department of Labor on Tuesday, saying it will cut 580 jobs at 4 Manhattan offices.  Such filings are required under the state's Worker Adjustment and Retraining Notification Act.  Bad news certainly travels fast.

Affected Investment Banking Offices: (i) 1221 Avenue of Americas; (ii) 1 New York Plaza; (iii) 1585 Broadway; (iv) 750 Seventh Avenue.

Morgan Stanley filed the notice after announcing plans in mid-December to cut 1,600 jobs next year across all geographic locations and seniority levels.  The firm cited economic reasons for the job cuts - owing largely to the sharp decline in investment banking and trading revenue across all of Wall Street. Anticipated Q4 Results. Analysts expect Morgan Stanley to report a loss for the 4th quarter - due to a $1.8 billion charge, related to its settlement with MBIA, the bond insurer.   Analysts anticipate that Q4 revenues will amount to $6.5 billion - a 25% decline from the year-ago period.   [Reuters, 12/27/11] For further details on WARN Notices, go to:  [C-I's 12/27/11 Posting in BTN].