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A collection of news and information related to UBS AG published by Tribune Company sources.
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33 items on UBS AG
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NY AG sues banking giant UBS for securities fraud
Associated Press WriterNew York Attorney General Andrew Cuomo sued banking giant UBS on Thursday, accusing the company of fraudulently promoting tens of billions of dollars of auction-rate securities as safe when it knew a crisis was brewing. The lawsuit claims several bank...Tags: Financial and Business Services, Employers, Personal Finance, Investments, Securities
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CME 2Q profit rises on CBOT deal
AP Business WriterFutures exchange operator CME Group Inc. said Tuesday its second-quarter profit rose sharply, benefiting from the integration of last year's acquisition of the Chicago Board of Trade. Separately, CME Group said it obtained committed financing for its...Tags: Mergers, Acquisitions and Takeovers, Chicago Board of Trade, New York Mercantile Exchange, Bank of America Corp.
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UBS ends offshore service for U.S. clients
UBS AG will stop offering offshore- banking services to U.S. clients through non-U.S. branches, said Mark Branson, chief financial officer of UBS' global wealth-management unit.Tags: Banking
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Bank's sales records seized
From wire reportsSecurities regulators from several U.S. states raided the St. Louis headquarters of Wachovia Securities yesterday, seeking documents and records on the company's sales practices. The move is part of an investigation into questionable practices...Tags: Quarterly or Semiannual Financial Statements, Regulatory Policy and Organizations, Wachovia Corp., Sales, Securities
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IN BRIEF
ICON Central Laboratories, a biotech firm, has received a $112,500 state grant for its expansion in Farmingdale. The company, whose parent company is ICON Plc of Ireland, consolidated three buildings into a new high-tech research lab. It has 225 employees...Tags: Upstream Oil and Gas Activities, Petroleum Industry, Radio Industry, Satellite Technology, XM Satellite Radio Holdings Incorporated
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Harsh lesson in student lending
Bloomberg NewsFive months after the collapse of the $330 billion auction-rate securities market, bonds backed by student loans show no signs of recovering. And that means no new house for Martin Doolan. The former corporate turnaround executive delayed buying a home...Tags: Loans, Moody's Corporation, Local Authority, Government, National Government
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Whistle-blower complaint filed
A former broker with UBS AG filed a whistle-blower complaint alleging the firm forced him to resign after he cooperated with state regulators investigating sales of risky investments to Massachusetts cities and towns. Timothy Flynn's complaint alleges top...Tags: Auction Service
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Tech giants tumble on profit fears
Chicago Tribune staff and wire reportsShares of two of technology's bellwethers fell hard Wednesday amid concerns about their earnings prospects. Analysts are looking to the coming rollout of second-quarter earnings to help provide guidance to the stock market, but two reports looking...Tags: Advanced Micro Devices Inc., Computing and Information Technology, Sales, Cisco Systems Inc., Semiconductors and Active Components
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Hedge funds are feeling unusual pain
Bloomberg NewsHedge funds turned in their worst first-half performance in almost two decades as the collapse of subprime-mortgage bonds and rising commodity prices pushed stocks to the brink of a bear market. Hedge funds declined an average 0.7 percent in June,...Tags: Softball, Chicago Mortgages, Business, Petroleum Industry, Research
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Business Briefing: July 5, 2008
OIL PRICES EASE Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against the second-largest...Tags: Quarterly or Semiannual Financial Statements, Petroleum Industry, Commodity Markets, Diplomacy, Nuclear Policy
Jul 24, 2008
|Story| Associated Press
Jul 22, 2008
|Story| Associated Press
Jul 18, 2008
|Story| Baltimore Sun
Jul 18, 2008
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Jul 18, 2008
|Story| Newsday
Jul 14, 2008
|Story| Chicago Tribune
Jul 4, 2008
|Story| Baltimore Sun
Jul 10, 2008
|Story| Chicago Tribune
Jul 10, 2008
|Story| Chicago Tribune
Jul 5, 2008
|Story| Allentown Morning Call
