Facebook `Too Big' to Follow MySpace, DeWolfe Says

June 28 (Bloomberg) -- Christopher DeWolfe, chief executive officer of Social Gaming Network, talks about the outlook for social networks and online video games. He spoke with Emily Chang on Bloomberg Television's "Bloomberg West" yesterday. (Source: Bloomberg)

Ermotti: UBS Operating in a `Challenging' Environment
26:18 - UBS Group AG said profit slipped 14 percent in the second quarter as both wealth management and investment banking generated less revenue during a rocky period for markets. Net income fell to 1.03 billion Swiss francs ($1.05 billion), from 1.21 billion francs a year earlier, the Zurich-based bank said in a statement Friday. That beat the 668 million-franc average of five analyst estimates compiled by Bloomberg. UBS CEO Sergio Ermotti told Bloomberg's Manus Cranny in Zurich the lack of visibility has an impact on clients’ risk aversion, saying “at this stage, our job is to stay close and try to find the right risk profile for clients. Many of them want to be extremely conservative.” Ermotti added that Brexit is posing “a lot of challenges” to the U.K. and the rest of Europe but UBS has a “high degree of flexibility.”
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