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Rand Paul Seeks to Block Tax Treaty Change on Swiss Accounts
The U.S. is cracking down on secret accounts held by its citizens at UBS AG, Credit Suisse AG, Wegelin & Co.
Wall Street banks TRIPLE their bonuses in bidding war over top brokers
The brokerage arms of banks such as Morgan Stanley, UBS AG, Wells Fargo & Co. and Bank of America are offering high-end U.S. brokers two to three times the commissions and fees they produced in the previous year, up from about one times those ...
Optical Delusion? Fiber Booms Again, Despite Bust
Some 19 million miles of optical fiber were installed in the U.S. last year, the most since the boom year of 2000, research firm CRU Group says. Corning Inc., GLW -0.31 % a leading maker of fiber, sold record .... UBS AG analyst John Hodulik, who ...
DuPont Profit Tops Estimates as Weather Helps Agriculture
DuPont's agriculture unit, the company's biggest by revenue, benefited from rising corn-seed demand in Brazil and an early spring in the U.S. and Europe. Seed sales rose 20 percent to $3.2 billion, DuPont said in a presentation. The biggest corn ...
Wells Fargo's Abbot Downing targets ultrawealthy
The firm is wooing a very rarefied group: the 10,000 U.S. households that have at least $50 million in investible assets and together control more than $1 trillion.
UK court stays proceedings where wrong party sued in Italian proceedings
In a recent case, UBS Limited and UBS AG v Regione Calabria [2012] EWHC 699, the UK Commercial Court stayed two English claims, pursuant to Articles 27 and 28 of the Brussels Regulation (44/2001).
Gannett Declines Most Since October: Washington Mover
Gannett Co., the owner of 82 daily newspapers including USA Today, fell the most since October after reporting a 25 percent drop in first-quarter profit as advertising revenue declined.
Germany Asked to Forgo $1.3 Billion Deutsche Telekom Payout
Deutsche Telekom AG worker representatives are asking Germany's government to forgo at least part of its almost 1 billion euros ($1.3 billion) in annual dividends in exchange for a bigger stake in the former phone monopoly to help finance the cost of ...
BTG Pactual raises $1.96 billion in Brazil IPO
Esteves, a 43-year-old mathematician who started as a computer technician at Banco Pactual at 21, rose to become managing partner and sold the bank to UBS AG UBSN.VX in 2006 for $3.1 billion. He and some partners bought back Pactual for $2.5 billion ...
Teva's Cephalon Wins Ruling on Challenge to Amrix Patents
Cephalon Inc. won an appeals court ruling that could help it block generic versions of the muscle-relaxant Amrix. The U.S. Court of Appeals for the Federal Circuit in Washington today said a trial judge erred in invalidating two patents on the medicine.