Stocks in the News: UBS, Teva, Merck, Royal Bank of Scotland, AIG
The following is a round-up of news likely to affect stock prices today: A court has found that Switzerland's chief financial markets regulator broke the law when it ordered UBS AG ( UBS ) to give the U.S. data on 255 of the bank's clients. The Federal Administrative Court in Bern ruled Friday that the regulator exceeded its authority when it ordered the bank to provide the U.S. with the information as a means for UBS to avoid prosecution in the U.S., Bloomberg News reported. The Justice Department accused UBS of conspiring to defraud the U.S. by helping wealthy Americans to hide assets from the Internal Revenue Service. The case is separate from a larger agreement to turn over data from as many as 4,450 UBS accounts, Bloomberg said. Continue reading Stocks in the News: UBS, Teva, Merck, Royal Bank of Scotland, AIG Stocks in the News: UBS, Teva, Merck, Royal Bank of Scotland, AIG originally appeared on DailyFinance on Fri, 08 Jan 2010 07:45:00. Filed Under: Company News , Investing , Stock Picks , Merck , General Motors Permalink | Tweet this! | Comments
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