Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]
0732 ET 09Jan2009-UBS closing offshore accounts for U.S. customers
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Swiss wealth management company UBS (UBS.N) Friday said it was closing all
the offshore accounts of its U.S. clients, as it comes under pressure from U.S.
tax authorities. The authorities have alleged that UBS helped clients hide
about $18 billion of untaxed American money in undeclared accounts.
[ID:nL9251592] U.S.-listed shares of UBS closed Thursday at $15.04.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0713 ET 09Jan2009-Lehman to sell merchant banking business
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Failed financial services company Lehman Brothers (LEHMQ.PK) Friday reached
a deal to sell its merchant banking business, according to a source familiar
with the matter. The unit, which is made up of two private equity funds, will
be told to the management of the funds.
The price of the sale wasn't disclosed. The funds have about $4.5 billion
in assets. [ID:nN08225463]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0705 ET 09Jan2009-Economic indicators for Jan. 09
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Economic indicators on tap for Friday include manufacturing and non-farm
payroll data, the U.S. unemployment number and November wholesale inventories.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 ET 09Jan2009-Earnings diary for Jan. 09
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Companies scheduled to report quarterly results on Friday include: KB Home
(KBH.N), Greenbrier Co (GBX.N), Northfield Labs NFLD.O, Audiovox Corp
(VOXX.O), AZZ Inc (AZZ.N), Material Sciences MSC.N and MSCI Inc (MXB.N).
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
