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UBS paid CEO Sergio Ermotti almost $9 million and welcomed its new investment bank chief with a $26 million "golden hello" in 2012.
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SEOUL- North Korea has placed two of its intermediate range missiles on mobile launchers and hidden them on the east coast of the country in a move that could threaten Japan or U.S.
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GENEVA, April 5- The World Health Organization said on Friday there was no sign of "sustained human-to-human transmission" of the H7N9 virus in China, but it was important to check on 400 people who had been in close contact with the 14 confirmed cases.
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GENEVA, April 5- The World Health Organization said on Friday that there was no sign of "sustained human-to-human transmission" of the H7N9 virus in China, but it was important to follow up on some 400 people who were in close contact with the 14 confirmed cases.
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CAMBRIDGE, Mass.-- Ariad Pharmaceuticals Inc. said Thursday that more than 325 patients have been treated with its drug Iclusig in the three months the leukemia pill has been on the market. Ariad believes European Union regulators will approve Iclusig during the second quarter, and by July 1 it will be prepared to launch the drug in Europe.
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HONG KONG, April 5- The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, which offered a last minute and complex financing package known to only a few involved, people with knowledge of the matter told Reuters.
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ZURICH, April 3- Global air travel demand continued to recover in February on the back of stronger business optimism, particularly in emerging markets, the International Air Transport Association said on Wednesday.
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*Nine confirmed cases so far in China, three patients dead. But there is no evidence so far that the H7N9 flu- now known to have infected nine people in China, killing three- is spreading from person to person, and there is still a chance it might peter out and never fully mutate into a human form of flu.
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Nationalists in Kyrgyzstan are threatening to return to the streets to topple another government unless it expropriates the Kumtor goldmine, a treasure they say was sold off too cheaply to foreigners.
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KUMTOR, Kyrgyzstan, April 3- In an impoverished young nation with a habit of overthrowing its rulers, the future now balances on a mountain of gold at the top of the world, where the air is so thin collapsing visitors may be rushed to a pressure chamber for oxygen.
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LONDON/ MUMBAI, April 2- Stung by a landmark patent defeat, Western drugmakers will be wary about launching new products in India, but they cannot afford to quit a country tipped to be the world's eighth largest market for medicines by 2016..
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*Economic outlook for U.S./ Europe worries. LONDON, April 2- Ample supplies and concerns over the pace of U.S. economic recovery and a wobbly euro zone economy outweighed the prospect of stronger demand in Asia to pull oil below $111 a barrel on Tuesday. Brent slid 21 cents to $110.67 a barrel by 1424 GMT.
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PARIS, April 2- At the seven-story retail temple that is Louis Vuitton's flagship store in Paris, there are signs of a slowdown in spending by Asian tourists- the recent driving force in a European luxury market defying recession. And Louis Vuitton, owned by industry leader LVMH, is not alone.
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NEW YORK-- Property and casualty insurer ACE Ltd has completed its acquisition of Mexico's Fianzas Monterrey for about $293 million from New York Life Insurance Co..
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GENEVA, April 2- The global air cargo market is set to extend its slow recovery unless a fresh blow to confidence from the euro zone reverses the trend, the International Air Transport Association said on Tuesday. "This is welcome news after two consecutive years of contraction," IATA chief executive Tony Tyler said in a statement.
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*Economic outlook for U.S./ Europe fuels demand worries. NEW YORK, April 2- Oil prices fell in choppy trading on Tuesday as sufficient supply and concerns over the pace of U.S. economic growth and the euro zone economy offset any support from the prospect of stronger demand in Asia.
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NEW YORK-- General Motors Co. said Tuesday that its financial arm completed the purchase of most of Ally Financial's operations in Europe and Latin America.
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Across many of the developed economies of America, Europe and Asia, newspaper online pay walls are proliferating as publishers struggle to make up for dwindling revenue on their print products. The NY Times reports.
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D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
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*Says JAB proposing 12.75 euros per share. AMSTERDAM, March 28- D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
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NEW YORK, March 28- Metals trader and miner Psons, owned by Indian entrepreneur Pradeep Agarwal, has opened a subsidiary in Switzerland, to grow its iron ore business and look for new mining investment opportunities, a company executive said on Thursday.