INVESTMENT

Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.

Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.

Stock futures pointed to a flat to higher start for Wall Street on Wednesday ahead of the Federal Reserve's interest rate decision, with Dow Jones futures up 0.2 percent, S&P 500 futures up 0.3 percent and Nasdaq futures flat at 4:15 a.m. EDT.

US TREASURIES rebounded slightly on Tuesday after strong demand from the US 2 year note auction offered support to the government securities complex. Overall trading was quiet ahead of Wednesday's FOMC meeting announcement and $40 billion US 5 year note auction. Traders are expected to be watching auctions further out on the yield curve with greater scrutiny.

The near collapse of the global financial system, which wiped out trillions in corporate value and personal savings, may be giving way to a new golden age for private equity investment, Silver Lake Co-CEO Glenn Hutchins said in an interview on Tuesday.

Bank of America has agreed to turn over more documents to a congressional probe of its purchase of troubled investment bank Merrill Lynch, although some company material remains under wraps for now, a senior lawmaker said on Tuesday.

Blackstone Group LP won dismissal on Tuesday of an investor class-action lawsuit accusing the private equity firm of failing to disclose prior to its 2007 initial public offering that some of its holdings were losing value.

Nasdaq OMX Group Inc Chief Executive Robert Greifeld said the quality of companies trying to sell their shares to the public is improving as the long-shuttered IPO market returns to life.

The U.S. securities regulator warned Congress on Tuesday that parts of the $450 trillion private swaps market could still fall through regulatory cracks under the Obama administration's financial reform plan.

Stocks rose on Tuesday, as investors bet the Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.

China Investment Corp, a $200 billion sovereign wealth fund, has bought a 14.5 percent stake in trading firm Noble Group for $850 million, giving China greater exposure to global commodities and trading expertise.

Japanese brewer Suntory SUNTH.UL has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments.

U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.

U.S. stocks rose on Tuesday as strong commodity prices and a weak dollar before a Federal Reserve meeting gave a boost to Wall Street.

Economy Reviving; Obama's Global Climate Push; Banks Fined Over IPO

A U.S. regulator ordered Citigroup Inc, UBS AG and Deutsche Bank AG to pay up to $845,000 in fines and restitution because of communications breakdowns related to the 2006 initial public offering of Vonage Holdings Corp.

U.S. stocks rose slightly on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.

U.S. stocks rose slightly on Monday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.

U.S. stock index futures pointed to a higher open for Wall Street on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.

Hedge fund Harbinger Capital Partners said in a regulatory filing it had sold about 5 million shares in New York Times Co at $8.25 apiece on Sept. 17, to reduce its stake to 16.38 percent from 19.94 percent.

U.S. stock index futures rose on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve monetary policy meeting, boosting oil and metals prices.