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Shareholders approve UBS bailout plan - Swiss Info
Shareholders at Switzerland's largest bank, UBS, have voted in favour of a $60 billion (SFr72 billion) rescue package from the Swiss National Bank (SNB). The bailout plan, announced last month, was approved at an extraordinary general meeting in ...

Roof caves in on new housing - Maine Sunday Telegram
Fewer new homes will be built in southern Maine this year than any time since at least 1991, figures show. From January through Nov. 15, builders took out 841 permits in the 38 communities tracked by Construction Data New England. That's roughly a ...

Did Russian Mafia loot Sandwich? Harwich charity to up the ante; Sea ... - Cape Cod Today
I nvestigators in Sandwich believe organized crime in Russia may be behind the disappearance of thousands of dollars in taxpayer money. Four illegal withdrawals were made over a 10-day period beginning Nov. 4. - Miller Sandwich Police Chief Michael ...

UBS Swings to Loss, Facing Subprime Problems - CNBC
A list of the 8 worst pirate-infested places on earth, along with a sampling of the types of attacks that have taken place there this year. The Swiss bank, which took charges of 4.2 billion Swiss francs ($3.6 billion) on subprime-related losses in ...

UBS: ex-executive renounced $10M in his post-exit pay - Newsday
BERN, Switzerland (AP) _ Former UBS AG Chief Executive Peter Wuffli has renounced 12 million Swiss francs ($10.2 million) in payments he was to receive under his contract when Switzerland's largest bank fired him as the subprime crisis began, the ...

UBS: ex-executive renounced $10M in exit pay - BusinessWeek
Former UBS AG Chief Executive Peter Wuffli has renounced 12 million Swiss francs ($10.2 million) in payments he was to receive under his contract when Switzerland's largest bank fired him as the subprime crisis began, the bank said Sunday. A bank ...

UBS chief to forego $10 million in exit pay - International Herald Tribune
BERN, Switzerland : Peter Wuffli, the former chief executive of UBS, has renounced about $10 million in payments he was to receive under his contract when the troubled Swiss lender fired him as the subprime crisis began, UBS said Sunday. A bank ...

BANKING CRISIS FALLOUT - Der Spiegel
After announcing steep losses and changing some leadership positions in the wake of the crisis in the US subprime market, UBS is looking to regain its footing and its focus. UBS, which was formed in 1997 when Union Bank of Switzerland was acquired by ...

UBS scraps contentious bonus system - Swiss Info
Switzerland's largest bank, UBS, has announced it will no longer pay bonuses based on short-term goals after a public outcry against the "culture of greed". From 2009, bonuses will be held back and forfeited if long-term results are not reached ...

Read our live blog from Michigan polling places - Detroit Free Press
A group of more than a dozen Wayne State University medical students set out this afternoon with hundreds of bottles of water, dropping by several Detroit polling stations to make sure voters remained hydrated. They thanked them for voting, handed ...

Today's Mortgage Terms starting with V

VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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