UBS confirms 2 billion francs net loss in 1st quarter, client withdrawals continueZURICH — UBS AG reported a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) Tuesday, confirming a warning given last month, and said it remains cautious about its outlook as loan losses are expected to mount amid the economic downturn. Latvia, Czechs win big, close in on quarterfinals at ice hockey worlds; Russia-U.S. meet laterBERN, Switzerland — Latvia and the Czech Republic took big strides toward reaching the quarterfinals with dominating wins at the ice hockey world championship on Saturday. Jagr powers Czech Republic to 5-0 shutout of Denmark at ice hockey worldsZURICH — Jaromir Jagr had a goal and two assists in the Czech Republic’s 5-0 victory over Denmark at the ice hockey world championship on Saturday. UBS to cut 8,700 jobs after announcing more lossesZURICH - The Swiss banking giant UBS Wednesday said it will take a first quarter loss of almost 2 billion Swiss francs ($1.7 billion) and will cut 8,700 jobs worldwide by 2010. FIFA asks for details on Ivory Coast football disasterZURICH - Football’s ruling body FIFA asked Monday for a full report from the football federation of the Ivory Coast after 22 people died Sunday when a wall collapsed during a World Cup qualifying match between Ivory Coast and Malawi. Spain lead FIFA rankings, Portugal back in top 10ZURICH - European champions Spain maintained first place in the world football rankings issued by the ruling body FIFA, with Portugal back in the top 10 at the expense of Turkey. Shakeups at top of Credit Suisse, Swiss ReZURICH - Credit Suisse and Swiss Re, both hit hard by the financial crisis, announced changes at the top of the companies Monday. Portugal’s Ronaldo is 2008 World Footballer of the YearZURICH - Manchester United’s Portuguese winger Cristiano Ronaldo, who last month won the European Footballer of the Year, was named FIFA World Footballer of the Year 2008. Cristiano Ronaldo is World Footballer of the YearZURICH - Manchester United’s Portuguese winger Cristiano Ronaldo, who last month won the European Footballer of the Year, was Monday named FIFA World Footballer of the Year. |
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