Kirkpatrick Says Apple Enthusiasm Not Diminished

Dec. 24 (Bloomberg) -- David Kirkpatrick, author of "The Facebook Effect," and John Sculley, former chief executive officer of Apple Inc., talk about the outlook for Apple, Facebook Inc. and mobile technology. They speak with Sara Eisen and Alix Steel on Bloomberg Television's "Surveillance." (Source: Bloomberg)

Ermotti: UBS Operating in a `Challenging' Environment
50:32 - UBS Group AG said profit slipped 14 percent in the second quarter as both wealth management and investment banking generated less revenue during a rocky period for markets. Net income fell to 1.03 billion Swiss francs ($1.05 billion), from 1.21 billion francs a year earlier, the Zurich-based bank said in a statement Friday. That beat the 668 million-franc average of five analyst estimates compiled by Bloomberg. UBS CEO Sergio Ermotti told Bloomberg's Manus Cranny in Zurich the lack of visibility has an impact on clients’ risk aversion, saying “at this stage, our job is to stay close and try to find the right risk profile for clients. Many of them want to be extremely conservative.” Ermotti added that Brexit is posing “a lot of challenges” to the U.K. and the rest of Europe but UBS has a “high degree of flexibility.”
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