PRESS DIGEST- Financial Times - Feb 11

Mon Feb 10, 2014 8:51pm EST

Feb 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

ACTIVIST INVESTOR ICAHN DROPS APPLE BUYBACK DEMAND

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UBS SUSPENDS TWO BANKERS OVER HIRING INVESTIGATION

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BRANSON CLOSES IN ON VIRGIN AMERICA IPO

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ICESAVE DISPUTE RESURRECTED IN COURT

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BUFFETT-BACKED BYD BEHIND FIRST ALL-ELECTRIC LONDON CAB FLEET

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Overview

Billionaire activist investor Carl Icahn gave up on his proposal that Apple Inc spend $50 billion on share buybacks before the end of September after the shareholder advisory firm Institutional Shareholder Services Inc recommended that investors vote against it.

UBS said it had put two Hong Kong-based bankers on leave as the lender investigates the appointment of Chinese banker with close connections to a potential Chinese corporate client.

Billionaire entrepreneur Richard Branson's Virgin America, is closing in on an initial public offering after the U.S. carrier recorded its first profit since it was founded 10 years ago.

British and the Netherlands have filed a lawsuit for up to 556 billion Icelandic crowns ($4.85 billion) against Iceland's deposit insurance fund, reigniting a controversial dispute over the collapse of online lender Icesave during the financial crisis in 2008.

Chinese carmaker BYD, backed by Warren Buffett, will on Tuesday launch London's first ever all-electric taxi fleet, pulling ahead of rivals such as Nissan in the race to meet Mayor Boris Johnson's zero emission cabs rule by 2018.

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