UBS has completed most of cost savings in wealth management: paper
ZURICH (Reuters) – UBS has completed most of the cost savings at its flagship wealth management division with around 400 positions eliminated, the unit’s president, Juerg Zeltner, said in an interview published on Saturday.
Oracle says majority of NetSuite holders back acquisition
(Reuters) – Oracle Corp said on Saturday its proposed $9.3 billion acquisition of cloud storage company NetSuite Inc will move forward after more than half of eligible NetSuite shareholders backed the bid.
India’s Tata Motors defends strategy for $1500 Nano car
MUMBAI (Reuters) – Tata Motors, part of India’s Tata group, defended its strategy for producing the $1,500 Nano but shied away from commenting on the loss-making car’s future, after the conglomerate’s ousted chairman said there were emotional reasons f…
Corolla, Toyota’s car for the masses, turns 50
TOKYO (Reuters) – This weekend marks the 50th anniversary of the Toyota Corolla, one of the world’s best-selling cars.
Berkshire profit falls 24 percent, keeps Wells Fargo stake
(Reuters) – Berkshire Hathaway Inc on Friday said third-quarter profit dropped 24 percent from a year earlier, when it recorded a large one-time gain, but acquisitions helped boost operating profit at the conglomerate run by billionaire Warren Buffett….
Alphabet’s unit discloses Snapchat investment
(Reuters) – Alphabet Inc’s venture capital arm CapitalG, earlier known as Google Capital, disclosed an investment in Snapchat by adding the social networking firm’s logo to a page on its investment portfolio website.
Nielsen sticks with subscriber report challenged by ESPN
LOS ANGELES (Reuters) – The Nielsen ratings agency on Friday reaffirmed a report about U.S. pay-television customers that was challenged by Walt Disney Co’s ESPN sports network.
Samsung America says it has replaced most recalled Galaxy Note 7s
(Reuters) – Samsung Electronics America said on Friday it has replaced nearly 85 percent of all recalled Galaxy Note 7 devices as it works to resolve the issue of fire-prone phones.
S&P 500 losing streak extends to ninth straight day
(Reuters) – The S&P 500 ended lower on Friday for a ninth straight day, the longest losing streak for the benchmark index in more than 35 years, as investors stayed on edge ahead of an uncertain U.S. election.
Wall Street scion Caspersen gets 4 years in prison for $38.5 million fraud
NEW YORK (Reuters) – Former Wall Street executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors including family members and friends out of $38.5 milli…
