Why the January Retail Sales Numbers Were a Wash
Feb. 13 (Bloomberg) -- Bloomberg's Michael McKee breaks down the retail sales numbers for January as consumers had to deal with the expiring payroll tax. He speaks on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
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UBS's Ermotti Says Environment In 2Q 'Very Challenging'
56:26 - UBS Group AG said first-quarter profit fell 64 percent, missing analyst estimates, as all divisions reported a drop in earnings. Net income fell to 707 million Swiss francs ($741 million) from 1.98 billion francs a year earlier, the Zurich-based bank said on Tuesday. That fell short of the 735 million-franc average estimate of five analysts in a Bloomberg survey. UBS CEO Sergio Ermotti told Bloomberg Television’s Guy Johnson that the issues the bank highlighted in previous quarters aren’t disappearing.