Kweku Adoboli, accused of unauthorized trades that cost UBS AG $2.3 billion, will go on trial Sept. 14, charged with fraud and false accounting in one of the highest-profile banking cases ever heard in London.
For most of its existence, the federal government has been the biggest angel investor in the world. For just as long, the generation that put up the early cash rarely appreciated what its descendants got in return.
Orbitz Worldwide Inc., an online travel agent, said Chief Financial Officer Russell Hammer resigned last week and will be replaced on an interim basis by David Belmont, vice president of financial planning.
Nokia Oyj is close to announcing a software partnership with Microsoft Corp. , a bet that together the two companies can better challenge Google Inc. and Apple Inc., according to a person with knowledge of the discussions.
Schnitzer West LLC, a Seattle-based real estate developer, sold two office buildings in the city for $480 million. The buyer was J.P. Morgan Asset Management, according to a person with knowledge of the transaction.
Sprint Nextel Corp. backed off of plans to offer Google Inc. ’s Nexus One mobile phone, the second U.S. carrier within two weeks to abandon the device in favor of other handsets powered by the Android operating system.