Movers: UBS, Smithfield Foods, Fortune Brands

Tuesday's stocks in the news

UBS AG (UBS) says board members Stephan Haeringer, Rolf Meyer, Peter Spuhler and Lawrence Weinbach plan to resign in October 2008. The companys an Extraordinary General Meeting for Oct. 2, to elect 4 new members. Also, UBS establishes new corporate governance, the main elements of which entail a clear separation of the roles and responsibilities between the board and the executive mgmt and a strengthening of the oversight role of the board through the operation of its committees. Merrill removes UBS from the Europe 1 List.

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