INVESTMENT

A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties with wealthy Americans hiding money overseas was sentenced to one year house arrest and a fine on Wednesday for a multimillion-dollar tax evasion scheme.

The benchmark S&P 500 index fell for a fourth straight day on Wednesday after disappointing housing data and a lower forecast for third-quarter U.S. growth by Goldman Sachs.

Calpers, the nation's largest public pension fund, does not face moral hazard despite state guarantees of pension solvency, the funds chief investment officer said on CNBC on Wednesday, in comments responding to a Reuters report.

Malaysia's biggest mobile operator Maxis has secured four cornerstone investors who will buy 28 percent of its roughly $3.7 billion initial public offering, Southeast Asia's largest in over a decade.

Vitamin Shoppe Inc priced shares in its initial public offering above expectations and became the first retailer in two years to go public, while home health care provider Addus Home Care Corp's IPO priced below estimates but was increased in size.

Insider traders may have taken the greed-is-good mantra to heart, but it's not the only thing that motivates them.

Private equity firm Blackstone Group is talking to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain, a source familiar with the situation said on Wednesday.

New rewards to store carbon in trees are driving forestry investments, but green groups fear they pose a threat to ancient woodlands and rainforests.

Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.

News, details on corporate bond issues in the European markets on Wednesday:

Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.

HSBC Holdings and Bank of Communications (BoCom) plan to transfer their joint credit card activities in China into a new company to tap into expected strong growth in the world's most populous country.

U.S. stock index futures fell on Wednesday after disappointing results from bellwethers overseas, while investors awaited figures on U.S. durable good orders and new home sales.

U.S. stock index futures fell on Wednesday after disappointing results from bellwethers overseas, while investors awaited figures on U.S. durable good orders and new home sales.

U.S. stock index futures fell on Wednesday with more company results and durable goods and housing sales figures on tap as investors seek insight into the health of the economy a day after disappointing consumer confidence data.

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.12 percent and Nasdaq 100 futures down 0.28 percent at 5:10 a.m. EDT.

The U.S. Treasury and GMAC Financial Services are in advanced talks to prop up the lender with a third tranche of taxpayer-backed funding, the Wall Street Journal reported on Tuesday.

A former chief executive of Advanced Micro Devices became the biggest name to be linked to the Galleon Group insider-trading scandal, when the Wall Street Journal reported on Tuesday that he leaked information about the microprocessor maker in 2008 to a hedge fund manager.

While TD Ameritrade Holding Corp predicted a bold jump in trading by individuals next year, smaller online broker E*Trade Financial Corp , dealing with in-house loan losses, cautioned that much uncertainty still lies ahead.

U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.

Social networking sites like Facebook and LinkedIn raise serious new challenges for financial regulators, the head of the largest U.S. independent securities regulator said on Tuesday.