Goldman's Blankfein to Meet With Obama Wednesday
Nov. 27 (Bloomberg) -- Goldman Sachs Group CEO Lloyd Blankfein is among the business leaders invited to the White House tomorrow as President Barack Obama seeks to enlist their support for his approach to addressing the fiscal cliff, according to two people familiar with the matter. Hans Nichols reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
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UBS Made `Good Progress' On Costs, Says CEO Ermotti
34:28 - UBS Group AG said pretax profit rose 11 percent in the third quarter as lower costs helped offset a drop in earnings at the wealth management and investment banking divisions. Pretax profit rose to 877 million Swiss francs ($883 million) from 788 million francs a year earlier, the Zurich-based bank said in a statement Friday. That compares with the 862 million-franc average of six analyst estimates compiled by Bloomberg. CEO Sergio Ermotti says UBS has “very comprehensive and quite ambitious” cost reduction plans in discussion with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."