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UBS AG

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  • UBS Says Eyes Takeovers in New U.S. Growth Push Sunday, 8 Jul 2007 | 11:37 AM ET

    UBS is preparing a new growth initiative in the United States that may include acquisitions as it seeks to bolster its investment banking and wealth management business, the Swiss group's chairman said on Sunday.

  • Stocks Close out Week with Strong Gains Friday, 6 Jul 2007 | 7:52 PM ET

    Stocks posted the best weekly gains in three weeks, closing Friday near the best levels of the day as new economic data showed moderate jobs growth, easing worries of a slowing economy. "The jobs number was pretty decent, it was probably as good as we could have expected," said Charles Rotblut, market analyst at Zacks.com.

  • **  FILE **  Peter Wuffli, Chief Executive Officer of Swiss bank UBS, looks on during a press conference in Zurich, Switzerland, in this August 15, 2006 file picture.  The board of the Zurich, Switzerland-based bank said in a statement that it has named Marcel Rohner as CEO, effective immediately.  He replaces Peter Wuffli, "who relinquishes all of his functions at UBS," the statement said. The statement did not specify why the change was being made. But it did say that UBS Chairman Marcel Ospel

    UBS quickly drew a veil over the real reasons for the sudden resignation of Chief Executive Peter Wuffli, but traders said it may be linked to the embarrassing closure of a hedge fund earlier this year.

  • CNBC's Domm: Today's Agenda in the Markets Friday, 6 Jul 2007 | 8:27 AM ET

    Jobs data will drive direction on what would otherwise be a quiet summer Friday. For now, Wall Street looks firmly higher and world stock markets are mostly in positive territory. China's Shanghai index bounced back after a 5.5% decline yesterday.

  • The state of Massachusetts accused UBS of providing hedge fund traders with favors intended to win brokerage business for the investment bank, according to a report.

  • Shares of Julius Baer Holding fell Friday after UBS said late Thursday that it would sell its 20.7% stake in the Swiss private bank.

  • Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy.

  • UBS to Pay $115 Million to Settle Enron Case Wednesday, 6 Jun 2007 | 11:16 PM ET

    Swiss bank UBS agreed to pay Enron creditors $115 million in cash to settle a lawsuit related to equity transactions, the successor to the bankrupt energy trader said on Wednesday.

  • New York-based credit card and travel services company American Express is expected to sell its private banking business within weeks, said a source familiar with the matter.

  • A.G. Edwards Buyout Likely To Spur More Brokerage Deals Thursday, 31 May 2007 | 3:50 PM ET

    Wachovia's $6.8 billion agreement to buy A.G. Edwards is likely to spur more acquisitions of independent brokerage firms, analysts say. The reason: banks are trying to bulk up on brokerage services, while traditional outfits like Edwards are dwindling in number and losing clients to cheaper online competitors.

  • HSBC Head of Global Capital Markets Leaves Wednesday, 30 May 2007 | 1:08 AM ET

    HSBC Holdings, which has struggled to build its investment banking franchise, said on Wednesday that its head of global capital markets, Danny Palmer, was leaving after less than three years with the firm.

  • URS Group Buys Washington Group for $2.3 Billion Tuesday, 29 May 2007 | 4:59 PM ET

    Construction services company URS said on Monday it would acquire Washington Group International for about $2.3 billion to expand into the engineering and management of nuclear, infrastructure and environmental projects.

  • UBS to Sell $3.3 Billion Julius Baer Stake Friday, 25 May 2007 | 8:39 AM ET

    UBS said Friday it plans to sell its 20.7% stake in private bank Julius Baer Holding to raise capital for its share repurchase program.

  • Investors in Defunct Hedge Fund Sue UBS: WSJ Wednesday, 23 May 2007 | 1:15 AM ET

    Investors in Wood River Partners have sued UBS, alleging the defunct hedge fund's prime broker fraudulently earned more than $100 million by misusing knowledge of its trades, the Wall Street Journal reported on its Web site on Wednesday.

  • Guilty Pleas Entered in Big Insider Trading Case Thursday, 10 May 2007 | 12:49 PM ET

    Randi Collotta, 30, a former employee of Morgan Stanley in Manhattan, and her husband, Christopher Collotta, 34, who worked in private practice, were among 13 people criminally charged in the case.

  • Secondary Market, Primary Target Wednesday, 11 Apr 2007 | 1:57 PM ET

    I’m interested in getting some opinions on a story I’m reporting today because I’m not sure I agree with any of it. As the subprime crisis continues to unfold, and tightening lending standards bring the already sluggish spring market to a crawl, the blame game is heating up on Capitol Hill. Some lawmakers want to hold the big banks accountable. Bear Stearns, UBS, Lehman Bros., Merrill Lynch, they buy the loans, pool and securitize them. It is estimated that mortgage backed securities issued in 2007 will top 2 trillion dollars, not all of them consisting of subprimes of course.

  • New Century Files For Bankruptcy, Cuts 3,200 Jobs Monday, 2 Apr 2007 | 2:41 PM ET

    New Century Financial on Monday filed for Chapter 11 bankruptcy protection and said it would cut 3,200 jobs, or 54% of its work force,  in the biggest collapse of a mortgage lender in the U.S. housing downturn.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 2 Apr 2007 | 8:43 AM ET

    Stocks are searching for a starting point this morning with futures mixed on the first trading day of the second quarter. Merger headlines and weaker oil could be positives. A big focus for the markets today will be ISM manufacturing data, due at 10 a.m. EDT.

  • CNBC's Domm: Today's Agenda in the Markets Monday, 2 Apr 2007 | 8:38 AM ET

    Stocks are searching for a starting point this morning with futures mixed on the first trading day of the second quarter. Merger headlines and weaker oil could be positives. A big focus for the markets today will be ISM manufacturing data, due at 10 a.m. EDT.

  • UBS Unit Ups Qantas Stake; Buyout in Doubt Monday, 26 Mar 2007 | 7:44 PM ET

    A unit of Swiss investment bank UBS has increased its stake in Qantas Airways to 10.4%, giving it the power to block an $8.7 billion buyout of the Australian airline.