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UBS

Asian stocks fall

Japan's stocks dropped, driving the Topix index below 1,000 points for the first time since December 2003, as the global credit crisis deepened in Europe and UBS AG said turmoil in Japan's real-estate market will worsen.

FTSE 100 falls as banking crisis deepens

The FTSE 100 fell in early morning trading, led lower by banks, as European governments stepped up their efforts to fight the deepening crisis. The UK's index of leading shares was down just over 100 points at 4,876.56 shortly...

Financial turmoil hits home

The uncertainty roiling global financial markets has hit home in Calgary, with the decision by Swiss banking giant UBS AG to exit its commodity trading business, putting a For Sale sign on its 40-employee, energy-focused...

Wachovia, Citigroup, AIG among big movers

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Wachovia Corp., up $2.30 at $6.21 Wells Fargo agreed to buy the bank for $15.1 billion, setting up a fight...

Congress passes bailout, focus shifts to fallout (Reuters)

By Eddie Evans and Kevin Krolicki 12 minutes ago NEW YORK/WASHINGTON (Reuters) - The U.S. Congress approved a $700 billion bank bailout on Friday, but stock markets fell as investors shifted attention to still-emerging fallout...

www.ONN.tv's "Yield Curve Update" Finds the Paulson TARP Plan Can't Reverse the Credit Crisis

Kevin Cook, host of six programs on www.ONN.tv's Mark2Market channel, joined Joe Troccolo, former Head of Financial Markets Education for UBS Investment Bank, for the pair's latest look at the credit crisis in this morning's...

French PM says world "on edge of abyss"

By Ralph Boulton and Tony Munroe LONDON/HONG KONG (Reuters) - Europe's top banker echoed a mood of growing alarm in EU capitals on Friday, urging U.S. Congressional approval of a $700 billion plan to tackle a financial crisis...

Natural gas down as traders foresee plentiful supply

Natural gas in New York fell for a second day on speculation supplies will be adequate to meet cold-weather demand later this year. Inventories gained 87 billion cubic feet in the week ended Sept. 26 to 3.11 trillion cubic...

Job cuts at major financial firms (at Reuters)

Oct 3 (Reuters) - UBS AG said on Friday it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking...

Wells Fargo Acquisition of Wachovia Conference Call Transcript (at Seeking Alpha)

Deutsche Bank Securities Christopher Mutascio - (Operator Instructions) It is now my pleasure to introduce your host, Dick Kovacevich, Chairman of Wells Fargo. Richard M. Kovacevich This is of course a very exciting moment in...