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Kweku Adoboli

Kweku Adoboli: UBS Rogue Trader Reportedly Loses $2 Billion

UBS has 65,000 employees. The Swiss bank has global operations, serving approximately 50 countries. The company has been around for nearly 150 years. But one rogue trader -- reportedly a 31-year-old living and working in London -- has apparently brought the company to its knees in embarrassment and financial loss.
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Palisades Tartan acquires This is Not a Film

Just as the Iranian director Mojtaba Mirtahmasb was detained at the Tehran airport Wednesday, Palisades Tartan acquired U.S. and U.K. rights to his documentary This is Not a Film.
Gaddafi

US shows flag in Tripoli, pledges support

The United States gave Libya's new rulers a very visible show of support on Wednesday when a senior envoy visited the capital and praised their efforts to assert control of armed groups three weeks after Muammar Gaddafi was overthrown.
J.K. Rowling

JK Rowling among UK Hacking Inquiry Core Figures

Harry Potter author J.K. Rowling and actor Hugh Grant will be among more than 50 core participants at a public inquiry into press standards set up after the phone-hacking scandal that has engulfed Rupert Murdoch's British newspaper arm.
Margaret Thatcher

British Unemployment: Far Worse During Early Days of Thatcher

In January 1982, the UK government reported that about 3.07 million Britons were out of work, or about 1 out of 8 adults. Yet while the current unemployment picture looks very grim indeed, it pales in comparison to what Britain faced 30 years ago.
Express Scripts to buy Medco for $29 billion

S.Africa's Aspen earmarks $800 mln for M&A

South Africa's Aspen Pharmacare could spend some $800 million on acquisitions, its deputy CEO said, as Africa's biggest generic drugs maker looks for further targets, particularly in Latin America.
Venice

Venice Film Festival 2011: Full List of Award Winners

The 68th annual Venice Film Festival closed on Saturday with the presentation of the Golden Lion awards. The event, as well as the awards, celebrated the world of cinema and art. The complete list of winners follows.

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