Morgan Stanley fixed income jobs in jeopardy; Mattress Firm buys Sleepy's; Johnson Controls raises sales outlook

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Morgan Stanley (MS) is reportedly planning to cut up to 25% of its fixed-income staff over the next two weeks amid the recent slump in bond trading activity. The cuts will result in the loss of hundreds of jobs across all of the Wall Street firm's division offices. Morgan Stanley's bond trading revenue fell 42% in the third quarter.

HSBC (HSBC), Barclays (BCS), and other U.S. listed shares of British banks are in focus after the U.K.'s annual stress tests showed that the sector is better equipped to handle economic shocks.

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Johnson Controls (JCI) said it expects fiscal 2016 sales to rise by a stronger-than-expected 4%. The company also said it will complete the spinoff of its automotive business by next October.

Mattress Firm (MFRM) is buying privately-owned Sleepy's in a deal valued at $780 million dollars. The purchase will add over 1,000 stores across 17 states, helping boost Mattress Firm's presence in the Northeast and mid-Atlantic markets.

HF Financial (HFFC) is being bought by Great Western Bancorp (GWB) for $139.5 million in cash and stock. The deal will provide Great Western Bancorp a branch presence in the Fargo, North Dakota and Minnesota markets.