INVESTMENT

UBS Loses Case to Recoup Bonus from Ex-Broker

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A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.
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Wall Street Closes Lower After String of Gains

Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally.
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Uninor

Telenor to Fight Supreme Court Order on Licence Cancellation

Norway's Telenor ASA (TEL.OL) plans to fight an order by the Supreme Court to cancel 122 telecoms licences held by its Indian joint venture, but has not ruled out abandoning the country altogether, the head of the company's Asian operations said.
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U.S. Jobs Report Lifts Nikkei to 3-Month High

Japan's Nikkei share average advanced to a three-month high on Monday as the U.S. economy showed further improvement with forecast-beating jobs data, boosting hopes for Japanese firms, which have disappointed in the latest quarterly earnings season.
President Barack Obama

Obama Has Edge Over Romney in Small Donors

It does not guarantee him re-election in November, but it is an advantage President Barack Obama is likely to carry into the fall: a broad base of supporters who have given him the symbolic vote of confidence with a donation of less than $200.
Former Olympus CEO Michael Woodford speaks to a reporter from inside a van as he leaves a news conference in Tokyo

Woodford Predicts More Revelations About Olympus

Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair.
The Burj Khalifa, the world's tallest tower at a height of 828 metres (2,717 ft), is seen in Dubai February 5, 2012.

Slowing Growth Weighs on M&A Values in Middle East: Report

Mergers and acquisitions in the Middle East and North Africa rose slightly in 2011, but the combined value of deals fell by more than one-quarter as slower economic growth weighed on prices, Ernst & Young said on Sunday. Deal values fell to $31.7 billion last year compared with $44.1 billion a year earlier.
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The Hottest U.S. Real Estate Markets: Washington, D.C.

The nation's capital has been a leader when it comes to real estate. While much of the country's housing market continues to languish, Washington D.C. and the surrounding area have seen tight inventory and price growth in recent months.
UBS trader Kweku Adoboli leaves City of London magistrates' court in London

Ex-UBS Trader Refused Bail as Bank Probe Deepens

Former UBS AG trader Kweku Adoboli, who is accused of unauthorized deals that cost the Swiss bank $2.3 billion, was refused bail by a London court on Friday less than an hour after regulators stepped up their probe into the scandal.
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Electric Vehicle Market Competition on a Rapid Rise: Study

More than 45 auto manufacturers are expected to be competing globally in the electric vehicle market with approximately 75 models by 2015, according to a study from IHS Automotive Supplier Business. Depending on the strength of the global recovery of automotive markets and the speed with which the electric vehicle (EV) models are marketed and the supporting infrastructure, cumulative sales are expected to total 700,000 to 1 million.
Former Credit Suisse employee David Higgs walks away after appearing in United States Court in the Manhattan borough of New York

Analysis: Obstacles High for More Mortgage Prosecutions

Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
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Asian Markets Flat, Awaiting U.S. Jobs Numbers

Asian shares and major currencies were stuck in ranges Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.

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