October 31, 2006
UBS Reports 21% Decline in Profit on Trading Slump
Oct. 31 (Bloomberg) — UBS AG, Europe’s biggest bank by assets, said third-quarter profit fell 21 percent, dragged lower by a drop in trading revenue at its securities unit. The stock declined the most in four years.
Link to original article
Valero Energy Might Represent Buying Opportunity
Judith Levy submits: Excerpt from our Wall Street Breakfast, a one-page summary of this morning’s key market-moving and stock-moving stories: AHEAD OF THE TAPE: The Case for Valero [Wall Street Journal ] Summary: Valero Energy, which reports Q3 earnings later today, is trading 23% below its price at the start of August.
South Korea seeks to detain Lone Star executive
SEOUL, Oct 31 (Reuters) - South Korean prosecutors are seeking to detain Ellis Short, vice chairman of U.S. buyout fund Lone Star [LS.UL ], for questioning over alleged stock trading violations, a prosecutors’ spokesman said on Tuesday.
S.Korea seeks to detain Lone Star executive
SEOUL, Oct 31 (Reuters) - South Korean prosecutors are seeking to detain Ellis Short, Vice Chairman of U.S. buyout fund Lone Star [LS.UL ] for alleged stock trading violations and to arrest Paul Yoo, the head of its local unit, a prosecutors’ spokesman said on Tuesday.
