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Latest news from around the web, updated 10 minutes ago.

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Editor's pick
- Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
  
  1 week ago
  
  from Reuters Pictures by Reuters
- A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
  
  1 month ago
  
  from Reuters Pictures by REUTERS
- BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
  
  1 month ago
  
  from Getty Images
- Georgian soldiers run near a blazing building after a Russian bombardment in Gori, 80 km (50 miles) from Tbilisi, August 9, 2008. A Russian warplane dropped a bomb on an apartment block in the Georgian town of Gori on Saturday, killing at least 5 people, a Reuters reporter said. The bomb hit the five-story building in Gori close to Georgia's embattled breakaway province of South Ossetia when Russian warplanes carried out a raid against military targets around the town.
  
  2 months ago
  
  from Reuters Pictures by REUTERS
Hot off the wire
- Spanish Renault Formula One driver Fernando Alonso contols his car in the rain along the main straight during a practice session at the 2008 Japan Formula One Grand Prix at Fuji Speedway in Oyama, Japan, Saturday, Oct. 11, 2008.
  
  3 hours ago
  
  from AP Photo by Rob Griffith
- The leader of Austria's Buendnis Zukunft Oesterreich (BZOe) party (Alliance for Austria's future) Joerg Haider delivers a speech during an election rally in Vienna in this September 22, 2008 file photo. Haider was killed in a car accident on October 11, 2008, the national news agency APA reported. It quoted police as saying Haider died after suffering severe head and chest injuries when a car he was driving went out of control and rolled over several times outside the southern city of Klagenfurt.
  
  3 hours ago
  
  from Reuters Pictures by REUTERS
- ST. PETERSBURG, FL - OCTOBER 10: Starting pitcher James Shields #33 of the Tampa Bay Devil Rays walks off the field after being pulled from game one of the American League Championship Series against the Boston Red Sox during the 2008 MLB playoffs at Tropicana Field on October 10, 2008 in Tampa, Florida. The Red Sox defeated the Devil Rays 2-0 to take a 1-0 series lead.
  
  3 hours ago
  
  from Getty Images
Recently starred
- Russian Prime Minister Vladimir Putin speaks at a meeting with Russia's Communist Party in Moscow, Thursday, Oct. 9, 2008. Vladimir Putin said Thursday the wide-ranging financial crisis has irreparably damaged the image of the U.S. as the leader of the free world and the global economy.
  
  1 day ago
  
  from AP Photo by Alexei Nikolsky
- Russian Prime Minister Vladimir Putin smiles as he poses with a tiger cub on October 10, 2008 which was presented to him on his bithday on October 7, in Novo-Ogaryovo residence outside Moscow.
  
  1 day ago
  
  from Getty Images by AFP/Getty Images
- U.S. Republican presidential nominee Senator John McCain (R-AZ) listens to questions from supporters as his vice presidential running mate Alaska Governor Sarah Palin (R) looks on during a town hall meeting in Waukesha, Wisconsin October 9, 2008.
  
  1 day ago
  
  from Reuters Pictures by REUTERS
- Director Ridley Scott and girlfriend Giannina Facio attend the world premiere of 'Body Of Lies' at the Rose Hall Theater on Sunday, Oct. 5, 2008 in New York.
  
  5 days ago
  
  from AP Photo by Evan Agostini

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Tax credit to save UBS from another hefty lossStory

Tax credit to save UBS from another hefty loss

ZURICH (Reuters) - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed boost to its share...

3 months ago from Reuters

More-articles

TPG pulls out of Bradford & Bingley plan

ZURICH, Switzerland - UBS AG, Switzerland's largest bank, said Friday it expects its second-quarter results to be "at or slightly below break-even" due to a tax credit that will at least partly offset investment losses. It also said it won't need...

3 months ago from New York Newsday

UBS could see lower loss in Q2

Zurich: Swiss banking giant UBS, which had been hit hard by the subprime crisis, said it would break even or report a slight loss for its second quarter. In a statement, the bank said its second quarter results "are likely to be at or slightly...

3 months ago from Asian Age

Beleaguered UBS finally has some good news from an unlikely source

3 months ago from Shanghai Daily

UBS claims it may break even on 2nd quarter

3 months ago from eTaiwan News

UBS claims £1.47bn tax credit on sub-prime losses

3 months ago from Accountancy Age

See all

Connections

Quoted

reflects the challenges...

The bank has...

As investors are...

reflects the challenges still facing the bank's management team to return UBS to a position of stability following the losses in its Investment Banking division...

was said in:

Subprime-hit UBS says could break even second quarter

3 months ago from Times of India