UBS suspends U.S. fixed income head amid probes

July 26, 2008 on 3:31 pm | In Business News | No Comments

CHICAGO (Reuters) - Swiss bank UBS AG has suspended David Shulman, head of its U.S. fixed income unit, amid state and federal probes of sales of auction-rate securities, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Read more:
UBS suspends U.S. fixed income head amid probes

Former hedge fund head files against Citigroup

July 26, 2008 on 2:53 pm | In Business News | No Comments

CHICAGO (Reuters) - A former manager of a Citigroup Inc hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund’s demise, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Read the rest here:
Former hedge fund head files against Citigroup

U.S. Congress approves housing bill

July 26, 2008 on 11:57 am | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to Fannie Mae and Freddie Mac , creating a new regulator for the mortgage titans and setting up a $300-billion (151 billion pound) fund to help troubled homeowners.

Here is the original:
U.S. Congress approves housing bill

Air Berlin CEO mulls further fleet cuts

July 26, 2008 on 10:14 am | In Business News | No Comments

FRANKFURT (Reuters) - German carrier Air Berlin may ground more of its fleet than previously announced and is looking to raise prices especially for business customers, its chief executive told a German weekly.

More:
Air Berlin CEO mulls further fleet cuts

Embraer to build 2 jet components plants in Portugal

July 26, 2008 on 9:28 am | In Business News | No Comments

LISBON (Reuters) - Brazil’s Embraer , the world’s third-biggest commercial jet maker, said on Saturday it would invest 148 million euros (116 million pounds) in two new plants in Portugal — its first industrial units in Europe that will make wings and tailpieces for exports.

Excerpted from:
Embraer to build 2 jet components plants in Portugal

Entries and comments feeds. Valid XHTML and CSS

Copyright Galaxy Visions Group