UBS Shrinks Investment Banking Division

UBS AG’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more funds to shareholders.

Baidu's Forecast Misses Estimates on New Ad Rules
07:04 - Baidu posted profit and a revenue forecast that missed analysts’ estimates after government regulations curbed the amount of ads China's biggest search engine can show users. Bloomberg's David Ingles reports on "Trending Business." (Source: Bloomberg)
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