COMPANIES

UBS investors welcomed the Swiss bank's choice of caretaker chief executive, Sergio Ermotti, on Monday after Oswald Gruebel resigned in the wake of a $2.3 billion rogue trading scandal and cleared the way for a major overhaul of the investment bank.

UBS has said that Sergio Ermotti will be the caretaker chief executive following the resignation of Oswald Gruebel last week.

After being three years behind schedule for various reasons, including component shortage and a 57-day machinists' strike, Boeing says it has delivered the first 787 Dreamliner to Japan's All Nippon Airways (ANA).

The 127-year-old steam-powered car will be auctioned for millions in Hershey, Penn., on Oct. 6, by the automotive auction house RM Auctions.

Netflix Inc has won a deal to pipe Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen Internet streaming over traditional pay TV, The New York Times reported Sunday.

After several years of delay, the first Boeing 787 Dreamliner is set to be delivered to a customer in Japan and will make its first passenger flight this fall.

Consumer electronics giant Samsung said this weekend that its popular Galaxy S2 smartphone sold over 10 million units globally, making it the most-sold Android phone in the world, but it still has a ways to go before it catches up to Apple.

The announcement of the iPhone 5 will take place at Apple headquarters in Cupertino, Calif. on Oct. 4, a change from the original location of Yerba Buena Center for Arts, several sources have said.

Consumer electronics giant Samsung said on Sunday that its venerable Galaxy S2 smartphone reached 10 million units sold globally, making it the most sold Android phone and positioning it for a bout with Apple.

Unionized Southern California supermarket employees at Albertsons, Ralphs and Vons ratified a contract deal reached last week that averted a threatened strike, said the union representing the workers.

Fueling fire to the rumor that the new iPhone 5 will hit stores next month, Verizon is selling the iPhone 4 for $120 until Sept. 30.

Health insurer Humana Inc (HUM.N) agreed to acquire privately held MD Care for an undisclosed amount on Friday to expand its Medicare plans for the elderly in California.

Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a September 30 deadline.

The daily deal business continues to grow, according to research, but the industry leader -- Groupon -- continues with shakiness in regard to leadership, profitability, and a planned initial public offering (IPO). The latest news is a new regulatory filing late Friday from the company that says the company's chief operating officer Margo Georgiadis is leaving the company to return to Google, her former employer. She was only on the job with Groupon, the Chicago-based Internet daily deal compa...

Regulators closed two banks -- one in Norfolk, Virginia and the other in Nevada City, California -- on Friday, bringing the total number of closures this year to 73.

On Monday, the next-generation in commercial aviation arrives, as Boeing will deliver its first 787 Dreamliner to Japan’s All Nippon Airways. To say that there’s a lot riding on the 787 for Boeing and for U.S. jobs and exports would be an understatement.

Boeing Co's 787 Dreamliner, the world's first commercial airplane made largely of lightweight composite materials, is set for first delivery to a customer next week.

A suspected member of the clandestine hacking group LulzSec was arrested in Arizona on Thursday on charges of taking part in an extensive computer breach of the Sony Pictures Entertainment film studio, the FBI said.

Hewlett-Packard has announced that Meg Whitman would be the company's new chief executive officer

Private equity firms looking to invest into Alibaba Group have relieved pressure on Chairman Jack Ma to stage a speedy IPO by allowing a way for employees to sell their shares to willing buyers.

The board of UBS meets on Friday amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in rogue trading.

Jefferies' 2011 Electronic Payments Summit was held in New York on Sept. 20. The summit had six panel discussions focusing on private equity, prepaid, regulatory and legislative landscape, merchants and merchant acquirers, the future of U.S. debit and mobile money

Europe's banking regulator said there were no plans to force more than a dozen weaker mid-tier banks to raise capital more quickly, saying an original timetable remained in place.

Hewlett-Packard has announced that Meg Whitman, former CEO of eBay, will be the new Chief Executive Officer of the company. She will be the fourth CEO of HP in six years.

Pat Hughes left the bar he owns in New York City, flew across the country and showed up at 4:45 a.m. Wednesday morning to stand in line.

The Texas Department of Criminal Justice decided on Thursday to eliminate the last-meal practice, in which death-row inmates were allowed to order a special meal before being taken to the execution chamber.

Decades after he slept under a pinball machine wedged into his cramped apartment, David Silverman will open the America's largest museum dedicated to speeding silver balls and fast-motion flippers.

Investor George Soros, at 81, has for the first time made the list of the 10 wealthiest Americans, Forbes Magazine reported on Wednesday in the 2011 edition of its annual rich list.

Several media reports say that Hewlett-Packard (NYSE:HPQ) is considering ousting CEO, Leo Apotheker, only 10 months after he officially took the helm on Nov. 1, 2010.