IBT Staff Reporter

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UBS axes 3,500 jobs in cost-cutting push

Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years.

Exclusive: Groupon taps Citydeal team to boost sales

No. 1 daily deals website Groupon Inc is turning to executives from Citydeal -- the European business it bought last year -- to help boost slowing growth in its domestic business, ahead of a planned public listing.

PHOTOS: East Coast Earthquake Sends Strong Warning Messages

A 5.9 magnitude earthquake struck the East Coast on Tuesday, which is reportedly the largest in Virginia since 1897. Luckily there were no reports of major damage or injuries from the quake. The quake sent strong warning messages to East Coast cities as this type of fatal quakes, or even smaller quakes, could cause significant damages considering that they aren't as earthquake-ready as their West Coast counterparts.

Doctor Sued By Penis Amputee After Surgery, Trial Ends

A lawyer representing the Kentucky man who testified against Dr. John Patterson in the Shelby County Circuit Court, the doctor who amputated Seaton's penis without asking his permission, told jurors on Monday his client doesn't feel like a man.

Amy Winehouse Toxicology Report: No Drugs in Her System

Amy Winehouse's toxicology report revealed that the young singer did not have drugs in her system, a statement by the Back to Black singer's family said. The report also revealed that alcohol was in her system at the time of her death.

Virginia Earthquake Strikes East Coast [VIDEO]

A massive earthquake rocked the Mid-Atlantic Tuesday afternoon, shaking areas from North Carolina to Ottawa, Canada. The earthquake's center was northwest of Richmond, Va. and rocked much of Washington, D.C.

Facebook Improves Privacy Settings To Outrun Google+

In the coming days, Facebook will make you much more comfortable with its privacy settings.Tuesday, the social media giant announced improvements for users to determine who can see their information on Facebook, finally allowed to manage their personal information as they control the range of viewers.

'It's Over,' Cry Rebels as Gadhafi HQ Overrun

Joyful Libyan rebels overran Moammar Gadhafi's Tripoli bastion on Tuesday, seizing weapons and loot and destroying symbols of a 42-year dictatorship they declared was now over as they set about hunting down the fallen ruler and his sons.

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