INVESTMENT

Switzerland sold its stake in its largest bank, UBS, for 5.5 billion Swiss francs ($5.1 billion), a source said on Thursday, making a profit from last year's rescue deal.

Stock index futures pointed to a higher open on Wall Street on Thursday, mirroring gains in Europe as well as Asia, where Shanghai stocks rebounded from a sharp two-week selloff, and on rallying commodity prices.

The Swiss government's sale of a 9 percent stake in UBS drew lively bids, traders said on Thursday, with a price range seen above the stock's closing price in the previous session.

Shares in UBS were expected to open down more than 1 percent on Thursday after the Swiss government said it would sell its 9 percent stake in the bank.

Chinese shares clawed back up on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities, but many investors were nervous that the Shanghai slide may have more room to run.

Phillips-Van Heusen Corp , Gymboree Corp and Hot Topic Inc posted better-than-expected quarterly results on Wednesday but gave disappointing outlooks, sending shares of the clothing manufacturer and retailers down in after-hours trade.

Friendlier Credit Cards?; Central Bank Confab; More Bear Stearns Fallout

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

Carry Trading can be a way for a Forex investor to reap terrific profits on their investment. A carry trade is when a currency with a low interest rate is sold to purchase a currency that pays a high interest rate. The difference in the interest rate between the two currencies is called the interest rate differential. An example of a carry trade currency pair is NZDJPY. For a credit in Japan you need only to pay an interest rate of 0.1 %. On the capital market you will get for your money 5 % whe...

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

Scalping is a very short term trading style, and despite its odd name, it is quite a popular trading style among professional traders. Scalping is the shortest term style of trading. It is named like this because it attempts to make many small profits throughout the trading day.

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.

A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.

Switzerland has agreed to hand over details of about 4,450 UBS AG bank accounts to U.S. authorities to settle a tax dispute that challenged Swiss banking secrecy and now threatens to spill over to other banks.

Switzerland will hand over details of about 4,450 UBS AG bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.

Recovery View Gains Believers; Giving Up Names; Debt Threatens U.S.

Switzerland will hand over details of about 4,450 UBS AG bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.

KKR has hired Morgan Stanley as its financial advisor for the bid and Permira has appointed JPMorgan, said the sources with direct knowledge of the matter.

Switzerland will hand over details of about 4,450 UBS bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.

Macquarie Group Ltd, Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp, continuing a trend of consolidation in the fund management business.