UBS (NYSE: UBS) reports net profit of CHF 1,673 million ($1,267 million) for third quarter 2003. Excluding goodwill amortization, net profit was CHF 1,911 million ($1,448 million), up 53% from a year earlier and 2% higher than second quarter. “It […]

Nov. 11–In his first interview since the New York attorney general in early September raised questions about improper trading at his firm, Richard S. Strong told Fortune magazine he is through”grieving” over the problems he and his investment company face. […]

MARAUDING bears sank their teeth into AstraZeneca prompting a hefty fall of 92p to 2675p. They sold ahead of today’s American Heart Association conference in Orlando, Florida, at which the drugs giant will release an update on cholesterol-buster Crestor and […]

AMVESCAP ATTEMPTED to shore up its reputation yesterday by issuing a denial that Eliot Spitzer, New York’s high-profile investigator of Wall Street murky practices, had threatened legal proceedingsagainst the giant Anglo-American fund manager. The company’s statement that it had “received […]

NEW YORK, NY — (MARKET WIRE) — 11/11/2003 — UBS (NYSE: UBS) reports net profit of CHF 1,673 million ($1,267 million) for third quarter 2003. Excluding goodwill amortization, net profit was CHF1,911 million ($1,448 million), up 53% from a year […]

Tokyo, Nov. 11 (Jiji Press)–Stocks plunged on the Tokyo Stock Exchange Tuesday, as investors dumped export-oriented issues amid the yen’s appreciation while high-fliers among domestic demand- backedissues fell prey to profit-taking. “The key Nikkei average’s tumble was mainly due to […]

SANTA ROSA, Calif., Nov 11, 2003 /PRNewswire via COMTEX/ — Battery-powered cars are available today and can help drive the world towards a hydrogen fuel economy, says Steve Schneider, CEO for ZAP(OTC Bulletin Board: ZAPZ), during an interview scheduled to […]

FEARS are mounting over the future of Abbey National Asset Managers, the (pounds) 28bn funds operation in Glasgow, and Abbey yesterday provided a less-than-reassuring response to a rumour that thedivision could be axed by Christmas. Asked about a claim made […]

Nov. 10–I’m having a good year in 2003. My fund is up about 65 percent. But I owe my good performance to the decisions I made in 2002, when everything I did was wrong. Last year, I felt like an […]

Nov. 10–When the stock market was routinely registering double-digit gains in the 1990s, pension funds, college endowments and other large investors didn’t much question whether their success wasbased on the skill of the people they hired to manage their money […]

BRITAIN’S biggest company, HSBC, is continuing to attract fans even though the shares have soared by almost 50% this year. Today the price dipped 11p to 900p – which compares with its low of 631p in February – where the […]

Nov. 10–MAN GROUP FUNDS POPULAR: Man Group has reported a growth in funds under management from USD22.1 billion to USD31.5 billion in the year to end of September. CEO Stanley Fink said the highlevel of private investor sales achieved in […]