UBS Profit Falls on Investment Banking, Facebook

UBS AG, Switzerland’s biggest bank, said second-quarter profit fell 58 percent, missing analysts’ estimates, as the company’s investment bank lost money on the Facebook Inc. stock sale.
China iPhone Sales Expected to Beat U.S.
32:17 - For the first time, Apple may have sold more iPhones in China than in the U.S. Earnings are expected to show a 20% jump in revenue. Bloomberg’s Shery Ahn reports on “First Up.” (Source: Bloomberg)
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