UBS won't sue former bosses on subprime, U.S. tax
UBS AG will not sue its former bosses after risky bets on subprime mortgages and a strategy of helping U.S. clients hide money in secret accounts brought the Swiss bank to its knees. Read Full Article here.
Airline assn raises 2010 sector loss expectations
The world's airlines are set to lose $5.6 billion next year, more than previously estimated, with rising fuel costs offsetting a rebound in both passenger and air cargo, the industry group IATA said on Tuesday. Read Full Article here.
AIG top staff struggle financially: report
Top executives at troubled insurer American International Group have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year, AIG's chief executive Robert Benmosche told the Wall Street Journal in an interview. Read Full Article here.
VW poised to make full bid for MAN SE: report
Volkswagen is poised to expand its automotive empire by making a full takeover bid for German truckmaker MAN SE, a German newspaper reported on Tuesday, citing an unidentified company executive. Read Full Article here.
LG sets 3D TV target, to offer new lineup in 2010
LG Electronics Inc, the world's No. 2 TV brand by revenue, set an aggressive sales target for 3D televisions, aiming to build a leadership position in an emerging market where competition is expected to heat up. Read Full Article here.
Citigroup, Wells Fargo to pay back U.S.
Citigroup Inc and Wells Fargo & Co said they were paying back funds to the U.S. government, in transactions that will end taxpayers' capital support of the biggest U.S. banks much sooner than had been expected just weeks ago. Read Full Article here.