By Douglas Holtz-Eakin
The young drop coverage to avoid higher premiums
UBS Securities Japan, a subsidiary of the multinational financial institution UBS AG, agreed on Wednesday to plead guilty to charges of felony wire fraud in a scheme to manipulate the London Interbank Offered Rate, a key benchmark for financial products and transactions around the world.
Switzerland's UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate.
Kodak says it has reached an agreement to borrow $793 million, an important step in letting it leave bankruptcy protection in the first half of next year.
Kodak has reached an agreement to borrow $793 million, potentially allowing it to exit bankruptcy protection early next year, a person with knowledge of the arrangement said Monday.
Swiss banking giant UBS AG is to cut as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank.
The IRS awarded the largest whistle-blower award in history — $104 million — to a former banker who gave information that helped expose a $20 billion offshore banking scheme, the recipient's attorneys said Tuesday.
Swiss bank UBS AG may have lost as much as $350 million due to technical glitches on the Nasdaq stock exchange the day Facebook went public, according to reports published Friday.
Swiss bank UBS AG may have lost as much as $350 million due to technical glitches on the Nasdaq stock exchange the day Facebook went public, according to reports published Friday.
Gold fell Wednesday after hitting record highs near $1,630 an ounce, as a broad sell-off of riskier assets prompted bullion investors to take profits amid mounting fears of a U.S. debt default.
Swiss bank UBS AG is revising its dress code after getting roundly mocked for suggesting employees wear skin-colored underwear and avoid garlic breath.
The House has passed and sent to President Obama a bill to delay for a year an impending sharp cut in Medicare pay to doctors that threatened to disrupt care for the nation's seniors.
He's one of the titans of 20th Century architecture, but Le Corbusier is suddenly feeling the weight of history working against him.
The Swiss Parliament on Tuesday approved a treaty with the United States that will hand thousands of files on suspected tax cheats to U.S. authorities, but obstacles remain that could delay the deal for several more months.
