IBT Staff Reporter

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Ermotti to be appointed permanent UBS CEO: report

Interim CEO Sergio Ermotti will be appointed permanent chief executive of Swiss bank UBS ahead of the bank's investor day on November 17, a Swiss newspaper reported, citing unnamed sources close to the matter.

MF Global Asia bidding extended on surge in offers

Bidding for MF Global's operations in Asia and Australia was extended by one day because of an influx of offers for the collapsed U.S. brokerage, a provisional liquidator for the company's Hong Kong unit said on Saturday.

Exclusive: Gensler won't participate in MF Global review

The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global has said he will not be participating in any further parts of the inquiry, a source told Reuters on Friday.

CFTC Chief Won't Participate in MF Global Review: Report

The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global Inc. said he will not be participating in any further parts of the inquiry, a source told Reuters Friday.

Anonymous won't expose Mexican cartel's servants

Latin American members of the activist hacker group Anonymous called off a planned November 5 plan to expose people associated with the Zetas, Mexico's most violent drug cartel, according to the group's blog.

Sprint says may use debt to fund Clearwire

Sprint Nextel Corp said it could use the proceeds from a private debt offer to fund Clearwire Corp, sending shares in the cash-strapped high-speed wireless firm up 8 percent on Friday.

Wall Street Week Ahead: Coping with Chaos in Europe

U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it is completely unclear when the next upheaval will come.

Wall Street Week Ahead: Coping with Europe's chaos

U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it's never clear when the next upheaval will come.

IPO view: Groupon travels tortured road to Nasdaq

When Groupon Inc filed its plan to go public with U.S. regulators in June, Chief Executive Andrew Mason proclaimed in a letter to prospective shareholders that life is too short to be a boring company.

HBO options Bernie Madoff biography

HBO has optioned Laurie Sandell's new Bernie Madoff biography Truth and Consequences: Life Inside the Madoff Family to mine as source material for its upcoming project about the infamous swindler, a source familiar with the project confirms to TheWrap.

Summit and Central Partnership announce film deal

Summit Entertainment and Central Partnership have entered into a new exclusive six-year output agreement for all rights in the Commonwealth of Independent States region to Summit's slate of theatrical films, the companies announced Friday.

Nook Tablet expected to be unveiled Monday

NEW YORK - When Amazon unveiled its first tablet, the Kindle Fire, in September, most tech experts and analysts predicted it would be the first real challenger to Apple's iPad.

Groupon shares surge but concerns linger

Shares of Groupon Inc surged as much as 56 percent on Friday, a solid debut aided by a small number of shares sold, yet still fell short of the first-day performances of recent Internet IPOs.

Icahn nominates directors for Oshkosh board

Billionaire investor Carl Icahn, looking to turn around his money-losing investment in Oskhosh Corp , nominated a slate of directors for the truck maker's board of directors on Friday.

MF Global rivals race to margin up new clients

Commodity brokers rushed on Friday to finish transferring thousands of customers from bankrupt rival MF Global, shifting their attention to the delicate task of ensuring new clients' margins are topped up by next week.

Marilyn, Elvis team up for Retro World game

Elvis Presley and Marilyn Monroe, both long dead, get new lives in an online game aimed at the 40-and-over crowd that seeks to tap into the Hollywood legends' eternal, and lucrative, popularity.

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