UBS Sees Profit Increase, Nears U.S. Settlement

July 22 (Bloomberg) -- Bloomberg's Ryan Chilcote reports that UBS AG reported a second-quarter profit increase while announcing it has reached an agreement in principal to close a settlement over U.S. mortgage-backed bond sales. The bank will publish full quarterly results on July 30. He speaks on Bloomberg Television's "Countdown."
Kenya's Startup Scene
15:36 - Kenya is fast becoming a startup beacon for the rest of East Africa. In Nairobi innovation space iHub has over 16,000 members. Working with corporate partners such as Intel, Google and Microsoft iHub has incubated more than 150 tech startups that have created more than 1,000 jobs. Bloomberg spoke with iHub trustee Juliana Rotich about Kenya's budding startup scene.
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