Two tweets from a CNBC account say investment bank UBS lost $350 million and plans to sue. UBS says only that it's "continuing to consider avenues" to recover its losses.
A UBS trader accused of perpetrating a $2 billion fraud at the bank, revealed some of his inner fears on Facebook.
Latest analyst ad-spending cut suggests that Internet advertising could grow only 10 percent in 2009, but that's one of the more optimistic outlooks right now.
Gartner report forecasts a 2.3 percent growth in IT spending this year, while UBS Securities predicts a more dire outcome of a 5 percent to 15 percent decline.
New and Noteworthy: NBC joins iTunes video store with "Law and Order," others; UBS: Apple to be boosted by better iP
Company is preparing to begin production of the iPhone 6 with orders going out to battery makers, a report from Asia claims.
The iPhone 6 will arrive in September in two sizes: 4.7- and 5.5-inch, according to Japanese publication Nikkei, which cites sources at domestic display manufacturers.
Tim Cook tells analysts that Apple's made 24 deals in the last 18 months, says the company wants to make acquisitions that bring along "great people and great technology and that fit culturally."
The company could gain ground against its archrival in the largest smartphone market in the world.
A Microsoft official confirms the company is planning to trim the number of different versions of Windows in its portfolio.