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'advanced financial accounting' News by Yahoo on 1-October-2007.
Updated : Mon, 01 Oct 2007 20:39:03 GMT
Oct. 1 (Bloomberg) -- UBS AG, Europe's biggest bank, reported a third-quarter loss, ousted two top executives and announced 1,500 job cuts after writing down the value of fixed-income securities by more than 4 billion Swiss francs ($3.4 billion).
Publ.Date : Mon, 01 Oct 2007 17:43:50 GMT
Oct. 1 (Bloomberg) -- UBS AG, Europe's biggest bank, had an unexpected third-quarter loss and plans to cut 1,500 jobs after writing down the value of fixed-income securities by more than 4 billion Swiss francs ($3.4 billion).
Publ.Date : Mon, 01 Oct 2007 11:28:45 GMT
VietNamNet Bridge – The price fluctuation in early September has helped speculators and investors trading gold on account pocket fat profit. Truong Cong Nhon, Deputy Director General of the Saigon Jewellery Company (SJC), said that investors now made wise and cautious trading deals.
Publ.Date : Fri, 28 Sep 2007 09:38:43 GMT
Swiss bank UBS AG warned Monday that it will write down the value of some assets by a surprisingly high 4 billion Swiss francs ($3.4 billion) because of losses linked to the U.S. subprime mortgage crisis, illustrating its cascading effect. The writedown means UBS will post a pretax loss of up to 800 million Swiss francs ($690 million) in the period ended Sept. 30, the first quarter in nine years ...
Publ.Date : Mon, 01 Oct 2007 09:41:16 GMT
GENEVA -- Swiss bank UBS AG warned Monday that it will write down the value of some assets by a surprisingly high 4 billion Swiss francs ($3.4 billion) because of losses linked to the U.S. subprime mortgage crisis, illustrating its cascading effect.
Publ.Date : Mon, 01 Oct 2007 11:15:32 GMT
Citigroup Inc , the largest U.S. bank by market value, said on Monday its quarterly earnings will drop 60 percent on $5.9 billion in losses and write-downs from subprime and leveraged loan woes, fixed income trading, as well as weakness in its consumer business.
Publ.Date : Mon, 01 Oct 2007 18:18:46 GMT
Citigroup , the largest U.S. bank by market value, said on Monday its third-quarter net income will drop 60 percent on losses and writedowns stemming from subprime and leveraged loan woes, fixed income trading, as well as weakness in its consumer business.
Publ.Date : Mon, 01 Oct 2007 15:03:01 GMT
Citigroup and UBS expect to report sharp declines in the third quarter stemming from huge investments in the credit market. Citigroup projects its third-quarter profits will drop 60 percent after $3 billion in losses. UBS sees a third-quarter loss of up to $690 million.
Publ.Date : Mon, 01 Oct 2007 17:34:43 GMT
Medical device company Kensey Nash Corp. of Uwchlan on Thursday reduced its fiscal first-quarter guidance to account for a charge from accelerated vesting of stock options.
Publ.Date : Mon, 01 Oct 2007 05:10:59 GMT
(RTTNews) - Monday, Major markets open for trading in the Asia-Pacific region, except Australia, continued to rise to record highs. The Australian market, which set a new intraday record high in the morning session lost ground as profit taking set in at higher levels.
Publ.Date : Mon, 01 Oct 2007 11:31:48 GMT
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