MANAGEMENT

Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.

A strike involving thousands of workers at Freeport McMoRan's Indonesian copper mine and port has delayed around 133,000 tonnes of copper ore concentrate shipments, industry officials said on Friday.

Research In Motion is losing market share much faster than expected to rivals Apple and Google, amid mounting concerns over its cash flow and ability to meet its outlook, analysts warned on Friday.

Jefferies says its checks indicate slowing sales of Research In Motion Ltd (RIM)'s new BlackBerry OS 7 handsets. It believes a new low-cost iPhone and low-end Android phones will exert pressure on the mid-range and low-end, respectively.

UBS said it may report a third-quarter loss after it suffered a $2 billion loss due to unauthorized trading by a trader in its Investment Bank.

Texas Instruments Inc. (NYSE: TXN) announced a 31 percent increase in quarterly dividend from $0.13 to $0.17, resulting in a dividend yield of 2.5 percent. Jefferies believes there is room for the dividend to go higher.

Miss Angola, Leila Lopes, made history after she became the new Miss Universe. Leila is the first Miss Universe from her country in 60 years.

The jury has reached a verdict in a courtroom battle between Trust Company of the West and former investment chief Jeffrey Gundlach, concluding a six-week trial that has transfixed the financial industry.

Research In Motion reported a steep drop in quarterly profit on limp sales of its smartphones and tablets, and offered investors little hope of a turnaround anytime soon, sending its shares tumbling.

Gold slipped more than 1 percent on Friday, heading for its biggest weekly drop since March 2009, as stock markets gained and the euro rose after major central banks around the world strived to fight the debt crisis in Europe.

The union representing many of the 62,000 workers at Ralphs, Vons and Albertsons supermarkets in southern California issued a required 72-hour notice of its plan to cancel its extended contract, a move that could pave the way for a strike.

Swiss bank, UBS AG, said it has suffered a $2 billion loss due to rogue trading and the London police arrested a 31-year-old man on suspicion of fraud.

With UBS losing approximately $2 billion from unauthorized trades by a "rogue" trader, the road for recovery for the Swiss bank could be long.

Investors obviously applauded the move, sending Morgan Stanley shares up 7.2 percent in Thursday’s trading.

Encana Corp Chief Executive Randy Eresman did exactly what investors wanted when he created the quintessential pure play in North American natural gas. That's now his biggest problem.

South Africa's government bonds reversed losses on Thursday and yields fell as investors drifted back into local debt to snap up bargains following a couple of days of heavy selling when risk aversion hit emerging markets.

Last winter, President Barack Obama, Treasury Secretary Timothy Geithner and a small posse of White House officials made a big show as they swept through Northeast Ohio to kick off their Startup America initiative that promised to help seed new ventures and create jobs. Eight months later, Ray Leach is still waiting.

France and Germany have assured to support continued membership of Greece in the euro zone with the Greek Prime Minister vowing to persist with austere cuts in the struggling country’s budget.

Jefferies believes Intel Developer Forum has been a positive catalyst for ON Semiconductor Corp. and the company will continue to gain market share as Sandy Bridge ramp progresses.

UBS said a trader has lost about $2 billion in unauthorized dealing and warned it might post a loss in the third quarter, a huge blow as the Swiss bank struggles to rebuild its credibility after years of crises.

Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.