George Clooney is distant cousin of Abraham Lincoln

























LOS ANGELES (Reuters) – Aunt Rosemary was not George Clooney‘s only famous relative. You can add a certain Civil War American president to the Oscar-winning actor’s family tree.


Politics has apparently run in the activist actor’s blood for centuries, as website Ancestry.com on Thursday revealed that the “Ocean’s 11″ star is distantly related to President Abraham Lincoln.





















According to Ancestry.com, Clooney is the half-first cousin five times removed from Lincoln, the 16th president. The genealogy website breaks down the connection, explaining the “half” means that two of their ancestors were half-siblings – Lincoln’s mother Nancy Hanks was the half-sister of Clooney’s 4th great-grandmother Mary Ann Sparrow.


Hanks and Sparrow shared the same mother, Lucy Hanks, but had different fathers. Lucy Hanks was Lincoln’s maternal grandmother as well as the 5th great-grandmother of Clooney.


Clooney’s aunt was singer and actress Rosemary Clooney, who died in 2002.


Clooney, long noted for his political activism, is a major Hollywood backer of President Barack Obama. He hosted a Democratic Party fundraiser at his Los Angeles home in March that raised $ 15 million.


Lincoln, a Republican, is considered one of the greatest presidents in the history of the United States. He led the country through the Civil War and is credited with the abolition of slavery, which officially became law in 1865 after his assassination.


He is the subject of an upcoming Steven Spielberg film “Lincoln,” starring Daniel Day-Lewis in the title role, which is to open in the United States next week.


Ancestry.com is offering free access to more than 20,000 documents showcasing Lincoln’s life, his family tree and the most pivotal moments of his presidential career. The details can be found at www.ancestry.com/lincoln.


(Reporting by Zorianna Kit; Editing by Chris Michaud and Jackie Frank)


Celebrity News Headlines – Yahoo! News



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Syrian air force on offensive after failed truce

























AMMAN (Reuters) – Syrian warplanes bombed rebel targets with renewed intensity on Tuesday after the end of a widely ignored four-day truce between President Bashar al-Assad‘s forces and insurgents.


State television said “terrorists” had assassinated an air force general, Abdullah Mahmoud al-Khalidi, in a Damascus suburb, the latest of several rebel attacks on senior officials.





















In July, a bomb killed four of Assad‘s aides, including his brother-in-law Assef Shawkat and the defense minister.


Air strikes hit eastern suburbs of Damascus, outlying areas in the central city of Homs, and the northern rebel-held town of Maarat al-Numan on the Damascus-Aleppo highway, activists said.


Rebels have been attacking army bases in al-Hamdaniya and Wadi al-Deif, on the outskirts of Maarat al-Numan.


Some activists said 28 civilians had been killed in Maarat al-Numan and released video footage of men retrieving a toddler’s body from a flattened building. The men cursed Assad as they dragged the dead girl, wearing a colorful overall, from the debris. The footage could not be independently verified.


The military has shelled and bombed Maarat al-Numan, 300 km (190 miles) north of Damascus, since rebels took it last month.


“The rebels have evacuated their positions inside Maarat al-Numaan since the air raids began. They are mostly on the frontline south of the town,” activist Mohammed Kanaan said.


Maarat al-Numan and other Sunni towns in northwestern Idlib province are mostly hostile to Assad’s ruling system, dominated by his minority Alawite sect, an offshoot of Shi’ite Islam.


Two rebels were killed and 10 wounded in an air strike on al-Mubarkiyeh, 6 km (4 miles) south of Homs, where rebels have besieged a compound guarding a tank maintenance facility.


Opposition sources said the facility had been used to shell Sunni villages near the Lebanese border.


“WE’LL FIX IT”


The army also fired mortar bombs into the Damascus district of Hammouria, killing at least eight people, activists said.


One video showed a young girl in Hammouria with a large shrapnel wound in her forehead sitting dazed while a doctor said: “Don’t worry dear, we’ll fix it for you.”


Syria’s military, stretched thin by the struggle to keep control, has increasingly used air power against opposition areas, including those in the main cities of Damascus and Aleppo. Insurgents lack effective anti-aircraft weapons.


U.N.-Arab League envoy Lakhdar Brahimi has said he will pursue his peace efforts despite the failure of his appeal for a pause in fighting for the Muslim Eid al-Adha holiday.


But it is unclear how he can find any compromise acceptable to Assad, who seems determined to keep power whatever the cost, and mostly Sunni Muslim rebels equally intent on toppling him.


Big powers and Middle Eastern countries are divided over how to end the 19-month-old conflict which has cost an estimated 32,000 dead, making it one of the bloodiest of Arab revolts that have ousted entrenched leaders in Tunisia, Egypt and Libya.


The United Nations said it had sent a convoy of 18 trucks with food and other aid to Homs during the “ceasefire”, but had been unable to unload supplies in the Old City due to fighting.


“We were trying to take advantage of positive signs we saw at the end of last week. The truce lasted more or less four hours so there was not much opportunity for us after all,” said Jens Laerke, a U.N. spokesman in Geneva.


The prime minister of the Gulf state of Qatar told al-Jazeera television late on Monday that Syria’s conflict was not a civil war but “a war of annihilation licensed firstly by the Syrian government and secondly by the international community”.


Sheikh Hamad bin Jassim al-Thani said some of those responsible were on the U.N. Security Council, alluding to Russia and China which have vetoed three Western-backed U.N. draft resolutions condemning Assad.


He said that the West was also not doing enough to stop the violence and that the United States would be in “paralysis” for two or three weeks during its presidential election.


(Additional reporting by Raissa Kasolowsky in Abu Dhabi and Stephanie Nebehay in Geneva; Writing by Oliver Holmes; Editing by Alistair Lyon)


World News Headlines – Yahoo! News



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Hurricane Sandy wallops Internet commerce just as hard

























SAN FRANCISCO (Reuters) – From Fab.com to Amazon.com Inc and eBay Inc, e-commerce companies scrambled on Tuesday to get goods to buyers on time after Hurricane Sandy tore a swathe of destruction across the U.S. northeast.


The storm — which severed power to warehouses and offices, ripped up rails and roads and shuttered airports — challenged the notion that Internet retailers might benefit from problems at store chains exposed to the elements.





















Fab.com, a fast-growing design e-commerce start-up based in New York City, handled unusually strong volumes on Monday as people hunkered down at home. Then the problems began.


Fab operates out of two warehouses in hard-hit New Jersey, one self-owned and another run by warehouse company Dotcom Distribution. With both lacking power as of mid-afternoon, no packages were making it out the door on Tuesday.


“The biggest impact to us right now is that our warehouses have no power,” said Jason Goldberg, founder and chief executive of Fab.com. “We’re doing everything humanly possible to send packages as quickly as possible.”


Retailers from New York to Washington are starting to re-open and re-staff in the aftermath of Monday’s destruction. But many of Fab.com’s fellow Internet retailers were still struggling to fill orders, handle customer service and keep websites running ahead of the crucial holiday season.


Those efforts are geared at ensuring buyers do not wait too long for their products — and averting a damaging backlash against their sites and reputation.


Amazon.com warned merchants on Tuesday that use its shipping service, Fulfillment by Amazon, that Sandy might impact the handling of orders. Third-party sellers on its marketplace that handle their own shipping were instructed to contact shoppers directly about their orders.


It advised them to temporarily deactivate online listings should they be unable to meet usual shipping standards.


“Because the Internet is an opaque purchasing method, customers don’t always understand where their product is coming from or if they are going to be affected,” said Eric Heller, head of Marketplace Ignition, which helps online retailers sell through websites such as Amazon.com. “We’re encouraging sellers to proactively reach out to buyers that may be affected.”


RECOVERY PLANS


EBay pursued a similar tactic, emailing shoppers who purchased items from merchants that may have been impacted by the storm in recent days, asking for patience. It recommended that affected eBay Store-subscribers put their pages in “vacation mode” to control purchasing and show shoppers that their operation has been temporarily disrupted, a spokeswoman said.


And Gilt Groupe, which runs a popular high-end fashion website, expects delivery times to take one to three days longer than normal, said Kevin Ryan, founder and CEO of the company.


Beyond logistics tangles, loss of power and telecommunications have hurt Internet firms that rely on telephone and Web-based customer service in the absence of store staff.


Fab.com’s offices a block from New York’s Hudson River were blacked out and closed until further notice. About a third of employees lacked power as of Tuesday afternoon. A dozen camped out at Goldberg’s home working on recovery plans and preparing the company’s online holiday stores for their Thursday launch.


Gilt’s offices in New York have been difficult to access, so the company has not been able to run its usual photoshoots for a few days, Ryan said.


“We will need to get back in soon or there will not be any new sales up,” he said. “I think we will get back in by Thursday and everything will be OK.”


Others like online eyeglasses start-up Warby Parker, in the SoHo district of New York City, sought temporary solutions to a loss of power and Web access. It found a temporary office that it will start using on Wednesday to handle customer inquiries.


“We’ve been scrambling to get our systems up and running,” said co-founder Dave Gilboa.


(Additional reporting by Alexei Oreskovic in San Francisco; Editing by Edwin Chan and Chris Gallagher)


Internet News Headlines – Yahoo! News



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How women can identify heart disease



























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Living standards ‘may stagnate’


























Millions of poor and middle-income households may be bypassed by any economic recovery, a think tank says.





















The Resolution Foundation argues that their living standards could stagnate for the next 10 years, ending no higher in 2020 than they were in 2000.


The think tank blames this prospect on the demise of administrative and manufacturing jobs in the UK economy.


It warns that high unemployment will continue to depress wages and calls for state subsidies to boost employment.


“On current trends the outlook for the bottom half of the working population is bleak even once growth returns,” the Foundation says.


“This stagnation of living standards can be averted if action is taken.


“Success in boosting low pay, raising skills, and increasing female employment could see a typical middle income family better off by £1,600 (after inflation) a year by 2020,” the think tank adds.


The UK economy pulled out of recession, again, in the third quarter of this year.


But the economy’s annual output is still no higher than it was at the start of 2007, shortly before the start of the credit crunch, international banking crisis, and the consequent international recession.


‘Too little debate’


Continue reading the main story

Ministers will agree with some of the Commission’s answers, and reject others. But they will likely admit that it highlights some very important questions about the future shape of the economy”



End Quote



UK unemployment rose sharply and since the middle of 2009, the official unemployment rate has been hovering around the 8% level.


As a recent analysis by the Office for National Statistics (ONS) showed, the combined effect of the recession – mainly high unemployment, stagnating wages and rising prices – has slashed living standards.


The ONS said that income per head, taking inflation into account, had fallen by more than 13% since the start of 2008.


To stop the benefits of any economic recovery simply being concentrated on the wealthier half of the population, the Resolution Foundation suggests a series of measures to redistribute income and wealth.


These include:


  • more state subsidies for cheap childcare

  • cutting the national insurance contributions paid by workers aged 55 or over

  • ensuring that the government’s forthcoming Universal Credit system is as generous to second earners in a family as it will be to first earners

  • switching child tax credit from parents of older children to those with younger ones

  • reducing council tax bills for cheap properties by increasing the tax on expensive ones

Clive Cowdery, chairman of the Resolution Foundation, said: “There remains far too little debate about whether growth will benefit the broad majority of people.


“This wil not happen automatically but… things can be done to ensure the benefits of economic growth are shared by all.”


BBC News – Business



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Cuba’s 2nd city without power, water after Sandy

























HAVANA (AP) — Residents of Cuba‘s second-largest city of Santiago remained without power or running water Monday, four days after Hurricane Sandy made landfall as the island’s deadliest storm in seven years, ripping rooftops from homes and toppling power lines.


Across the Caribbean, the storm’s death toll rose to 69, including 52 people in Haiti, 11 in Cuba, two in the Bahamas, two in the Dominican Republic, one in Jamaica and one in Puerto Rico.





















Cuban authorities have not yet estimated the economic toll, but the Communist Party newspaper Granma reported there was “severe damage to housing, economic activity, fundamental public services and institutions of education, health and culture.”


Yolanda Tabio, a native of Santiago, said she had never seen anything like it in all her 64 years: Broken hotel and shop windows, trees blown over onto houses, people picking through piles of debris for a scrap of anything to cover their homes. On Sunday, she sought solace in faith.


“The Mass was packed. Everyone crying,” said Tabio, whose house had no electricity, intermittent phone service and only murky water coming out of the tap on Monday. “I think it will take five to ten years to recover. … But we’re alive.”


Sandy came onshore early Thursday just west of Santiago, a city of about 500,000 people in agricultural southeastern Cuba. It is the island’s deadliest storm since 2005′s Hurricane Dennis, a category 5 monster that killed 16 people and did $ 2.4 billion in damage. More than 130,000 homes were damaged by Sandy, including 15,400 that were destroyed, Granma said.


“It really shocked me to see all that has been destroyed and to know that for many people, it’s the effort of a whole lifetime,” said Maria Caridad Lopez, a media relations officer at the Roman Catholic Archdiocese in Santiago. “And it disappears in just three hours.”


Lopez said several churches in the area collapsed and nearly all suffered at least minor damage. That included the Santiago cathedral as well as one of the holiest sites in Cuba, the Sanctuary of the Virgin del Cobre. Sandy’s winds blew out its stained glass windows and damaged its massive doors.


“It’s indescribable,” said Berta Serguera, an 82-year-old retiree whose home withstood the tempest but whose patio and garden did not. “The trees have been shredded as if with a saw. My mango only has a few branches left, and they look like they were shaved.”


On Monday, sound trucks cruised the streets urging people to boil drinking water to prevent infectious disease. Soldiers worked to remove rubble and downed trees from the streets. Authorities set up radios and TVs in public spaces to keep people up to date on relief efforts, distributed chlorine to sterilize water and prioritized electrical service to strategic uses such as hospitals and bakeries.


Enrique Berdion, a 45-year-old doctor who lives in central Santiago, said his small apartment building did not suffer major damage but he had been without electricity, water or gas for days.


“This was something I’ve never seen, something extremely intense, that left Santiago destroyed. Most homes have no roofs. The winds razed the parks, toppled all the trees,” Berdion said by phone. “I think it will take years to recover.”


Raul Castro, who toured Cuba’s hardest-hit regions on Sunday, warned of a long road to recovery.


Granma said the president called on the country to urgently implement “temporary solutions,” and “undoubtedly the definitive solution will take years of work.”


Venezuela sent nearly 650 of tons of aid, including nonperishable food, potable water and heavy machinery both to Cuba and to nearby Haiti, which was not directly in the storm’s path but suffered flash floods across much of the country’s south.


Across the Caribbean, work crews were repairing downed power lines and cracked water pipes and making their way into rural communities marooned by impassable roads. The images were similar from eastern Jamaica to the northern Bahamas: Trees ripped from the ground, buildings swamped by floodwaters and houses missing roofs.


Fixing soggy homes may be a much quicker task than repairing the financial damage, and island governments were still assessing Sandy’s economic impact on farms, housing and infrastructure.


In tourism-dependent countries like Jamaica and the Bahamas, officials said popular resorts sustained only superficial damage, mostly to landscaping.


Haiti, where even minor storms can send water gushing down hills denuded of trees, listed a death toll of 52 as of Monday and officials said it could still rise. Prime Minister Laurent Lamothe has described the storm as a “disaster of major proportions.”


In Jamaica, where Sandy made landfall first on Wednesday as a Category 1 hurricane, people coped with lingering water and power outages with mostly good humor.


“Well, we mostly made it out all right. I thought it was going to be rougher, like it turned out for other places,” laborer Reginald Miller said as he waited for a minibus at a sunbaked Kingston intersection.


In parts of the Bahamas, the ocean surged into coastal buildings and deposited up to six feet of seawater. Sandy was blamed for two deaths on the archipelago off Florida’s east coast, including a British bank executive who fell off his roof while trying to fix a window shutter and an elderly man found dead beneath overturned furniture in his flooded, low-lying home.


___


Associated Press writers Anne-Marie Garcia in Havana, David McFadden in Kingston, Jamaica, and Jeff Todd in Nassau, Bahamas, contributed to this report.


___


Peter Orsi is on Twitter: www.twitter.com/Peter_Orsi


Latin America News Headlines – Yahoo! News



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Facebook, Twitter abuzz with hurricane chatter

























Whether you call it Frankenstorm, Stormpocalypse or simply Hurricane Sandy, the giant weather system barreling into the East Coast is a favorite topic of conversation on social media from Facebook to Twitter. As people post updates to friends and family, relay emergency information and lighten the mood with humor, it’s clear that discussing natural disasters on social media has become as much a part of the experience as stocking up on bread and batteries.


As of Monday afternoon, the hashtag “Sandy” had 233,000 photos posted on Instagram, the mobile photo-sharing service owned by Facebook. “Hurricanesandy,” meanwhile, had 100,000 photos and “Frankenstorm” had 20,000 and growing.





















As they waited for the storm to hit over the weekend, people posted photos of hurricane-preparedness supplies ranging from canned goods to board games and bottles of wine. Empty grocery store shelves where bread should have been also showed up on Facebook and Instagram.


“There are now 10 pictures per second being posted with the hashtag “Sandy” – most are images of people prepping for the storm and images of scenes outdoors, said Instagram CEO Kevin Systorm in an emailed statement. “I think this demonstrates how Instagram is quickly becoming a useful tool to see the world as it happens – especially for important world events like this.”


By Monday, dispatches about storm preparations gave way to messages of anticipation and real-time updates. Among U.S. users, the terms “Sandy”, “Hurricane Sandy” and “Hurricane” were the most-used terms on Facebook, followed by “stay safe” and “be safe.” In fact, all of the top 10 most-mentioned phrases on Facebook related to the storm in some way among U.S. users, the company said. “Power,” ”cold,” ”my friends” and “prayers” were also in the top 10.


To gauge how much its users are talking about a particular topic, Facebook uses a measurement tool it calls the “talk meter,” which ranks terms around a topic or event on a scale of 1 to 10. Tops that generate the most buzz receive a 10. As of Friday afternoon, Sandy-related chatter was at 7.12, the company said. In comparison, the San Francisco Giants World Series win on Sunday night measured at 6.71 on Facebook.


On Twitter, Frankenstorm, FEMA — for Federal Emergency Management Agency — and New Jersey were among the top trending topics in the United States. Forecasters expected the hurricane’s center to come ashore in southern New Jersey Monday evening.


Foursquare CEO Dennis Crowley reminded his more than 53,000 Twitter followers to “ALWAYS BE CHARGING.” Millions of East Coasters could experience electric power and landline telephone outages. As a result, power-hungry smart phones, laptops and tablet computers may become only way to communicate.


Social Media News Headlines – Yahoo! News



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Mammograms: For 1 life saved, 3 women overtreated

























LONDON (AP) — Breast cancer screening for women over 50 saves lives, an independent panel in Britain has concluded, confirming findings in U.S. and other studies.


But that screening comes with a cost: The review found that for every life saved, roughly three other women were overdiagnosed, meaning they were unnecessarily treated for a cancer that would never have threatened their lives.





















The expert panel was commissioned by Cancer Research U.K. and Britain’s department of health and analyzed evidence from 11 trials in Canada, Sweden, the U.K. and the U.S.


In Britain, mammograms are usually offered to women aged 50 to 70 every three years as part of the state-funded breast cancer screening program.


Scientists said the British program saves about 1,300 women every year from dying of breast cancer while about 4,000 women are overdiagnosed. By that term, experts mean women treated for cancers that grow too slowly to ever put their lives at risk. This is different from another screening problem: false alarms, which occur when suspicious mammograms lead to biopsies and follow-up tests to rule out cancers that were not present. The study did not look at the false alarm rate.


“It’s clear that screening saves lives,” said Harpal Kumar, chief executive of Cancer Research U.K. “But some cancers will be treated that would never have caused any harm and unfortunately, we can’t yet tell which cancers are harmful and which are not.”


Each year, more than 300,000 women aged 50 to 52 are offered a mammogram through the British program. During the next 20 years of screening every three years, 1 percent of them will get unnecessary treatment such as chemotherapy, surgery or radiation for a breast cancer that wouldn’t ever be dangerous. The review was published online Tuesday in the Lancet journal.


Some critics said the review was a step in the right direction.


“Cancer charities and public health authorities have been misleading women for the past two decades by giving too rosy a picture of the benefits,” said Karsten Jorgensen, a researcher at the Nordic Cochrane Centre in Copenhagen who has previously published papers on overdiagnosis.


“It’s important they have at least acknowledged screening causes substantial harms,” he said, adding that countries should now re-evaluate their own breast cancer programs.


In the U.S., a government-appointed task force of experts recommends women at average risk of cancer get mammograms every two years starting at age 50. But the American Cancer Society and other groups advise women to get annual mammograms starting at age 40.


In recent years, the British breast screening program has been slammed for focusing on the benefits of mammograms and downplaying the risks.


Maggie Wilcox, a breast cancer survivor and member of the expert panel, said the current information on mammograms given to British women was inadequate.


“I went into (screening) blindly without knowing about the possibility of overdiagnosis,” said Wilcox, 70, who had a mastectomy several years ago. “I just thought, ‘it’s good for you, so you do it.’”


Knowing what she knows now about the problem of overtreatment, Wilcox says she still would have chosen to get screened. “But I would have wanted to know enough to make an informed choice for myself.”


___


Online:


www.lancet.com


www.cancerresearchuk.org


Health News Headlines – Yahoo! News



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UBS to slash 10,000 jobs in fixed income exit

























ZURICH (Reuters) – UBS unveiled plans to wind down its fixed income business and fire 10,000 bankers in one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008.


The move will focus the Zurich-based lender and wealth manager around its private bank and a smaller investment bank, ditching much of the trading business that saw it lose $ 50 billion in the financial crisis and one suspected rogue trader lose $ 2.3 billion last year.





















Chief Executive Sergio Ermotti, a former Merrill Lynch banker who took over after the trading scandal, is spearheading the three-year investment banking overhaul that is aimed at saving 3.4 billion Swiss francs ($ 3.63 billion), on top of existing cuts of 2 billion francs.


The Swiss bank will separate many fixed-income activities in order to wind down positions in businesses it will exit as they are no longer profitable due to far tougher capital rules on riskier business introduced after the crisis.


Current investment bank co-head Carsten Kengeter will leave UBS’s top management board to head the discontinued unit.


The remaining investment bank, comprised of equities, foreign exchange trading, corporate advice, and precious metals trading, will be run by Andrea Orcel, a recent Ermotti hire from Bank of America who currently co-runs the unit with Kengeter.


“The net impact of all these changes will be transformational for the firm,” chairman Axel Weber and Ermotti told shareholders in a letter. “Our overall earnings should be less volatile, more consistent and of higher quality.”


The measures translate to a 15 percent staff cut, taking UBS’s overall staff to 54,000, from 63,745 now.


Roughly 2,500 jobs will be cut in Switzerland, with the remainder mainly in London and the United States, where UBS runs considerable trading operations out of Stamford, Connecticut.


A smaller investment bank will leave UBS to focus on its private bank, which looks after the affairs of rich people. It is the second-largest operation of its kind in the world after Bank of America with 1.6 trillion francs in assets.


UBS shares, which soared 7.3 percent on Monday in anticipation of the announcement, were indicated to open up 0.9 percent in an otherwise weaker market, according to pre-market indications from bank Julius Baer.


“Overall, I think it’s a good move to abandon activities which don’t earn anything and concentrate on those which create value for shareholders,” Bank Sarasin analyst Rainer Skierka said. He rates UBS stock at neutral.


INVESTMENT BANK LOSSES


UBS was one of the banks hardest hit by the financial crisis when its fixed-income unit racked up more than $ 50 billion in losses after gorging on subprime securities, forcing it to seek a bailout from the Swiss government in 2008.


After settling a damaging U.S. tax probe in 2009, the bank had just started to rebuild client confidence when the $ 2.3 billion trading scandal surfaced in September last year.


Kweku Adoboli, who worked on the bank’s London-based exchange-traded equities funds desk, has pleaded not guilty to two counts of fraud and four of false accounting over the costly bets. His trial is under way in London.


Ermotti’s overhaul comes against the backdrop of far tougher regulation on riskier securities trading activities, and represents a return to advisory roots stemming from UBS’s purchase of Warburg, a British merchant bank, in 1995.


The expected UBS cuts will add to existing cuts of 3,500 jobs, part of the tens of thousands of jobs the financial sector has shed globally since the financial crisis of 2008.


The bank aims to pay out more than 50 percent of profits to shareholders from 2015, after paying a symbolic dividend of 0.10 francs a share last year. It has put away funds in the third quarter for an unspecified dividend this year, financial chief Tom Naratil told journalists.


The costs related to the investment banking split will also lead to a fourth-quarter and full-year loss, when taken together with charges on the bank’s own debt, UBS said.


UBS’s private bank also faces challenges, with profits falling as Swiss banking secrecy is weakened by repeated demands from foreign governments determined to recoup tax on undeclared funds held in offshore accounts.


The unit secured 7.7 billion francs in net new money from clients in the third quarter, which represents the highest result in a third quarter — traditionally a slow one for the business due to summer holidays — in five years.


UBS’s rival Credit Suisse said last week it was also cutting more costs as part of efforts to bolster its profits and capital position.


UBS swung to a third-quarter net loss of 2.172 billion francs, hit by the restructuring charges as well as 863 million francs in charges on the value of its own debt. Analysts in a Reuters poll had forecast a net profit of 457 million francs.


UBS targets a drop in risk-weighted assets to below 200 billion francs by the end of 2017, from 301 billion currently. Of this the investment bank will soak up roughly 70 billion, less than half of what it accounts for today.


($ 1 = 0.9366 Swiss francs)


(Reporting By Katharina Bart, Editing by Emma Thomasson and David Cowell)


Business News Headlines – Yahoo! News



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Chloe Sevigny Ready to ‘Kill’ it for A&E

























LOS ANGELES (TheWrap.com) – Chloe Sevigny has just landed a killer new gig.


Sevigny – who’s currently starring as Shelley the nymphomaniac on Fox’s spooky drama “American Horror Story: Asylum” – has taken the lead in A&E’s upcoming drama “Those Who Kill,” the cable network told TheWrap on Monday.





















Based on the Danish series “Den Som Draeber,” “Those Who Kill” centers on police detective Catherine (Sevigny) and a forensic profiler, who possess a deep understanding of the serial killers they hunt.


The pilot will shoot in Pittsburgh this fall, with Joe Carnahan (“The Grey”) directing.


“Final Destination” and “The X Files” writer/producer Glen Morgan – who’s developing the project with Imagine TV – is penning the project, and also executive-producing, along with Jonas Allen, Peter Bose, Brian Grazer and Francie Calfo.


Fox 21 is producing “Those Who Kill.”


TV News Headlines – Yahoo! News



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