UBS to sell U.S. wealth management unit, but not yet: report

UBS chief executive Oswald Gruebel said Paine Webber, the bank’s U.S. wealth management unit, is “non-core” but the bank will not sell at present, […]

Darling Asks U.K.’s Four Top Banks to End ‘Automatic Bonuses’

Chancellor of the Exchequer Alistair Darling today begins an effort to crack down on bonus payments made by Britain’s biggest banks to end what […]

Wind-turbine plant to create 200 jobs in hard-hit Windsor

It is the perfect metaphor for post-industrial transition: the shell of an auto-parts plant in Windsor will produce small-scale wind turbines as early as January […]

Walmart.com bullish on growth of Marketplace

Wal-Mart Stores Inc’s online unit is bullish on the prospects for Marketplace, a service it recently launched to offer shoppers a deeper selection of […]

Monsanto, DuPont team up on food production initiative

WASHINGTON — Monsanto and DuPont may be fierce competitors in the biotech trade, but they teamed up on Tuesday in a drive to dramatically […]

Wells Fargo chairman Kovacevich to retire

Wells Fargo & Co said on Tuesday former Chief Executive Dick Kovacevich will retire as chairman on January 1 and current Chief Executive John […]

Samsung mobile display upbeat on AM-OLED growth

Samsung Mobile Display, the world’s biggest maker of mobile phone screens, expects the usage of new-generation AM-OLED screens in mobile devices, including cell phones, […]

Monsanto’s vegetable seed business

— $744 million of revenue in fiscal 2008
— Sales in 156 countries
— Over 20 percent global market share
— Seed production in […]

400 Nortel employees could lose jobs in Avaya sale

As many as 400 Nortel Networks employees in Canada stand to lose their jobs as part of the company's bankruptcy sale of its Enterprise […]

No reason to block Nortel’s sale of wireless unit to Ericsson

Ottawa has found no reason to block the US$1.1-billion sale of bankrupt Nortel Networks wireless assets to Sweden's LM Ericsson either under Canadian investment rules […]