UBS Shrinking Investment Bank Seen Freeing Cash for Shareholders
News from San Francisco Chronicle:

Oct. 29 (Bloomberg) — UBS AG’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more funds to shareholders.

UBS intends to split off and wind down much of its fixed- income operations, reducing risk-weighted assets by an additional 100 billion Swiss francs ($ 107 billion), said a person with knowledge of the matter who requested anonymity because the plans are private. The reorganization stands to help Zurich-based UBS meet its capital requirements faster than it would otherwise.

Chief Executive Officer Sergio Ermotti is overhauling the bank as Swiss regulators pressure

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Investment Trends Presidential race affecting health care stocks
News from Milwaukee Journal Sentinel:

When Republican presidential nominee Mitt Romney said in a video posted online that 47% of Americans depend on government and believe they are victims, hospital stocks spiked higher. When Romney beat President Barack Obama in the first debate this month, hospital stocks declined.

The outcome of the presidential race has high stakes for health care stocks.

“This election will have a significant impact on the group and how it trades,” said David Heupel, senior analyst in the Minneapolis office of Thrivent Investment Management Inc.

Hospitals write off as much as 10% of revenue because patients without insurance often can’t pay for the care they receive, Heupel said. Obama’s plan requires people to buy government-approved health insurance or face a fine starting in 2014. Hospitals would benefit by having more insured customers and more patients in general, Heupel said.

Romney would work to repeal the Affordable Care Act, often called Obamacare, eliminating an estimated $ 8 billion of new taxes on managed care companies and the uncertainty about how health care exchanges would affect their business models, Heupel said.

Adding to the roller-coaster ride for health care stocks: Some debt-laden European countries are reducing benefits and cutting costs. Also, emerging economies in China, India and many South American countries are creating op…………… continues on Milwaukee Journal Sentinel

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