UBS Raises Profitability Goal, Cuts 10,000 Jobs

UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti scale back the investment bank to focus on wealth management.
Is Virtual Reality the Next Mega-Trend in Tech?
27:20 - Piper Jaffray's Gene Munster and Canaan Partners' Maha Ibrahim discuss the future of virtual reality with Bloomberg Businessweek's Brad Stone on "Bloomberg West." (Source: Bloomberg)
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