7:10am ET
Jobs
UBS to Cut 15% of Its Workforce
ThinkstockUBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion over the next…
Companies
/Financial Services
UBS Group AG
$54.90
▲ $0.54 (+0.99%) today
Markets closed · 5:32pm ET
UBS Coverage
Page 10
6:47am ET
Investing
What’s Happening in the Financial World (10/30/2012)
ThinkstockUBS Job Cuts UBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion…
6:47am ET
Investing
Media Digest (10/30/2012) Reuters, WSJ, NYT, FT, Bloomberg
thinkstockApple Inc. (NASDAQ: AAPL) says its head of software and chief of retail will leave. (Reuters) China will try to build its own jet engines. (Reuters) UBS A.G. (NYSE: UBS) will cut…
8:34am ET
Investing
Today’s Best Market Rumors (10/29/2012) UBS Cuts 10,000
ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: UBS A.G. (NYSE: UBS) will fire 10,000 workers. (various) Las Vegas Sands Corp. (NYSE: LVS) and the Justice Department may settle money…
5:02am ET
Investing
Media Digest (10/29/2012) Reuters, WSJ, NYT, FT, Bloomberg
Some experts believe that the fiscal cliff may cause a drop in gross domestic product much greater than the Congressional Budget Office estimates. (Reuters) General Motors Co. (NYSE: GM) will test magnesium car…
6:18am ET
Investing
Media Digest (10/24/2012) Reuters, WSJ, NYT, FT, Bloomberg
The public editor of The New York Times, the flagship of the New York Times Co. (NYSE: NYT), questions the appointment of new CEO Mark Thompson because he ran the BBC during…
7:35am ET
Banking, finance, and taxes
European Cure on Hold, Austerity Protests Add Pressure Again
Yesterday we said that Spain was looking more like Greece due to a Madrid protest that took place outside of parliament against all of the budget cuts and entitlement cuts coming down…
10:56am ET
Banking, finance, and taxes
Big U.S. and European Banks Cautious Ahead of FOMC/QE3
The eurozone bailout approval and the coming announcement (or continued hint) of additional quantitative easing from the FOMC is not adding to the banks at the current time. We saw a “Sell the…
8:38am ET
Investing
Today’s Best Market Rumors (9/13/2012)
Updated throughout the day on the 24/7 Wall St. Wire: Ford Motor Co.’s (NYSE: F) board will soon pick Mark Fields to replace Alan Mulally as CEO later this year or next. (WSJ)…
8:25am ET
Banking, finance, and taxes
Bank Gains Mostly Priced in Euro Rescue News
You might not exactly be seeing a total “sell the news” reaction to Germany’s constitutional court rejection of a challenge to block a permanent eurozone rescue fund. This is great news for Angela Merkel…
12:10pm ET
$104 Million Awarded to Jailed Whistleblower
Former UBS AG (NYSE: UBS) banker Bradley Birkenfeld has been granted a whistleblower award of $104 million for supplying the U.S. Internal Revenue Service with information on more than 4,000 secret accounts…
Paul Ausick 6:26am ET
Investing
Media Digest (8/24/2012) Reuters, WSJ, NYT, FT, Bloomberg
A South Korean court awards patent victories to both Apple Inc. (NASDAQ: AAPL) and Samsung in a patent dispute. The judges add that Samsung did not violate key iPhone design property. (Reuters)…
6:44am ET
Investing
Media Digest (8/16/2012) Reuters, WSJ, NYT, FT, Bloomberg
Standard Chartered continues to seek an agreement with the U.S. government to settle money laundering charges. (Reuters) The new Samsung tablet has a unique split screen technology. (Reuters) A judge presses for…
5:38am ET
Banking, finance, and taxes
Societe Generale Blames Profit Slump on Write-Downs
Societe Generale SA on Wednesday blamed its worse-than-expected second-quarter profit on write-downs on assets in the United States and Russia. France’s second-largest lender by market value reported that its net profit in…
7:59am ET
Commodities & Metals
U.S. Stock Futures Edge Higher as Investors Await Fed Action
U.S. stocks are set to open higher on the final day of July. All three indexes are expected to post mild gains for the month. Futures on the Dow Jones Industrial Average…