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McCann to lead UBS Wealth Management Americas-TV

UBS AG, which suffered asset outflows in the second quarter, hired former Merrill Lynch's brokerage head Robert McCann to lead its wealth management business in the Americas, CNBC said on Thursday.

JPMorgan takes NY office building off market

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JPMorgan Chase & Co has abandoned a plan to sell One Chase Manhattan Plaza, its Lower Manhattan office tower, because the bids it received were unacceptable, according to a source familiar with the matter.
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Mistras edges up in NYSE debut

Mistras Group Inc, a provider of technology to evaluate the structural integrity of infrastructure, rose slightly in its first session following an initial public offering that priced below expectations.
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Alcoa, retail sales set to lift Wall Street

Stocks headed for a higher open on Thursday as a surprise profit from Alcoa Inc boosted the start of the earnings season and surging commodity prices underpinned a global equity advance.
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FTSE led higher by miners; BoE hold rates

Britain's top share index rose on Thursday, helped by gains in mining stocks on firmer metals prices and a surprise quarterly profit from U.S. aluminium producer Alcoa (AA.N).
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Stock futures rise on Alcoa profit, commodities

Stock futures rose on Thursday as the latest earnings season got off to a positive start after Alcoa posted a surprise profit and as surging commodity prices underpinned a global equity advance.
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Stock futures rise on Alcoa profit. commodities

Stock futures rose on Thursday as the latest earnings season got off to a positive start after Alcoa posted a surprise profit and as surging commodity prices underpinned a global equity advance.
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Spot gold hits record above $1,050

Spot gold topped $1,050 per ounce to mark a record high for the third session in a row on Thursday as the dollar's continued struggle made the precious metal more attractive to investors.
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Biotech fundraising up amid vaccine hype, cash need

Hype about the swine flu vaccines, pent-up demand for cash and a push by major drugmakers to boost their flagging research pipelines has helped lift biotechnology fund-raising 36 percent so far this year.
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UN says renewable energy investment down in 2009

Global investments in renewable energy technology like wind, solar and hydroelectric power have slid dramatically this year as the economic crisis limited government and private funds for new projects, the United Nations said on Wednesday.
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Dow edges down after two days of gains

The Dow Jones industrial average slipped while other major indexes were little changed on Wednesday as investors booked profits after two days of strong gains and turned cautious at the approach of earnings season.
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SEC to appeal Cuban insider trading ruling

U.S. securities regulators said on Wednesday it will appeal a court decision dismissing its insider trading case against Dallas Mavericks basketball team owner Mark Cuban.
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Gold powers to record high

Gold set record highs for a second straight session on Wednesday as investors bought the precious metal due to fears the dollar may weaken further, bringing inflation.
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Baer-ING deal kicks off private banks' M&A season

Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.
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UK expects $160 billion offshore wind investment

Britain expects around 100 billion pounds ($159 billion) of investment in a third round of offshore wind projects by 2020 and about 5 billion in its Pentland Firth marine energy scheme, the agency in charge of the coastal seabed said.

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