UBS warns of poor Q1 as investment bank struggles (Reuters)

ZURICH (Reuters) ? Swiss bank UBS (UBSN.VX) predicted further weakness in investment banking after a restructuring of the business failed to prevent an earnings hit from the euro zone debt crisis and worries about the global economy.

"Traditional improvements in first-quarter activity levels and trading volumes may fail to materialize fully, which would weigh on overall results for the coming quarter, most notably in the investment bank," UBS said on Tuesday.

The bank said fourth-quarter net profit shrank to 393 million Swiss francs from 1.66 billion francs in the 2010 period and compared with a forecast for 737 million in a Reuters poll.

Investment banks had a torrid time last year as trading and advisory income was hammered as clients pulled back from markets due to the euro zone debt crisis, and stopped doing deals. The outlook is set to remain tough as tougher regulations and economic slowdown bite.

U.S. rivals including Goldman Sachs (GS.N) and JPMorgan (JPM.N) posted weak fourth quarter income, and Deutsche Bank (DBKGn.DE) also fell to a fourth quarter loss due to a slump in bond trading.

UBS, which announced in November it would scale back its investment bank business to focus on its flagship private bank, said it had cut risky assets by 20 billion Swiss francs in the fourth quarter with "no significant impact on profitability."

Kepler Capital Markets analyst Dirk Becker welcomed the reduction in risky assets but said there were still questions over the future of the investment bank.

"Revenues have recovered from the really poor Q3 levels, but are still too low to feed a division with still over 17,000 employees," he said.

"The downsizing plans of the management will reduce this revenue base further and make it impossible to achieve satisfactory returns for this division, which will still consume the largest part of the capital."

Shares in UBS trimmed initial losses to be down 0.7 percent in midday trade.

UBS said it saw a few "bright spots" in the performance of its investment bank, which was hit by a $2 billion rogue trader scandal uncovered in September but pared its pretax loss to 256 million from a loss of 650 million the previous quarter.

UBS said it was making progress on delivering on plans to cut total headcount by almost 4,000, with total staff down 1,101 in the quarter to 64,820 at the end of 2011, but said it would have to slash more costs if market conditions worsen.

BRIGHT SPOTS?

"The investment bank clearly did better than feared with better than expected revenue streams, however, wealth management clearly suffered from weak client activity," said Vontobel analyst Teresa Nielsen.

Inflows at the UBS flagship private banking arm slipped to 3.1 billion Swiss francs ($3.4 billion) in the fourth quarter from 3.8 billion in the previous quarter, while the gross margin on invested assets fell 6 basis points to 91 basis points.

UBS financial head Tom Naratil said uncertainty in the eurozone was doing more to dampen activity by wealthy clients than the trading scandal: "The trading incident is not something clients are talking to us about today."

UBS stressed its eurozone exposure was relatively low, in comparison to Deutsche Bank which recently posted a fourth-quarter loss amid one-off charges such as Greek debt writedowns into the quarter.

The affair surrounding former UBS trader Kweku Adoboli will linger as he is set to stand trial in September after pleading not guilty to trades the Swiss bank says were unauthorized.

UBS said investment banking head Carsten Kengeter would voluntarily forgo a bonus for 2011 after the scandal, while total bonuses for the bank will fall 40 percent and 60 percent in the investment bank.

Naratil said UBS would issue loss-absorbing capital to meet tough new Swiss capital rules fairly quickly, but that it still prefers non-dilutive forms of capital such as write-down debt over contingent convertible bonds, or CoCos.

He told a news conference the bank was initially considering issuing around $1 billion in dollar denominated capital.

UBS said it had been granted some immunity by Switzerland's antitrust authority in return for cooperating with its probe into the potential manipulation of LIBOR. [ID:nL5E8D71M6]

Several countries are investigating "improper attempts" to manipulate LIBOR rates, which is the benchmark price big banks set for interbank borrowing costs. WEKO said last week it was investigating 12 banks, including UBS. [ID:nL5E8D30I7]

($1 = 0.9227 Swiss franc)

(Writing by Emma Thomasson; Editing by Sophie Walker)

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20120207/bs_nm/us_ubs

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There Are Now Five Four-Bell Restaurants at Phoodie.info: The New ...

After the dust cleared from this weekend?s big Craig LaBan bell blowout, there were five four-bell restaurants standing, revealing Philadelphia?s new, unofficial, restaurant hierarchy.

Both Zahav (237 St. James Place) and Bibou (1009 S. Eighth St.) moved up from 3 bells to four, while Vetri (1312 Spruce St) and Fountain (1 Logan Square) retained their four bell status and newly reviewed Talula?s Table (102 W. State St., Kennett Square) received an inaugural four-bell review.

But all was not good news, Lacroix at the Rittenhouse (3 bells, down from 4), Le Bec Fin (2 bells, down from 4), and Barclay Prime (2 bells, down from 3) all dropped in the rankings. LaBan has spoken.

Source: http://www.phoodie.info/2012/02/06/there-are-now-five-four-bell-restaurants/

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The Very Best Home Improvement Tips | Help With Payday Loans Now

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Many people think that home improvement is a complex process best left to professionals, but there are many jobs you can do yourself if you know the process. Use the tips below to help understand more about home improvement projects and what type of effort, time and expense is involved before jumping in.

Enhance your home?s aesthetics by taking on a new project in landscaping. You can plant lovely flowers, bushes or vines with whimsical trellises and strategically place stepping stones about the yard. Nice landscaping feature make the house look great and make the home more valuable in case you ever want to sell.

When discussing home improvement ideas, make sure you include your water usage reports. You can conserve water by installing low flow plumbing fixtures, including toilets, faucet aerators, shower heads and water heaters. These fixtures add value to your home and save you money on your monthly water bill.

A project that can help your foundation is putting in a drain that will protect your foundation. This may include gradation of your yard to slop to the road or even just lengthening your downspout further from your home.

Save money on home improvements by joining with your neighbors and setting up a ?community toolbox?. Rather than buying expensive tools that you will only use once, try to borrow the tools from neighbors who enjoy home improvement projects. You can even trade tips with your neighbor.

For an elegant jewelry display, put up a wall-mounted coat rack with no curves. But do not hang real jewelry on the rack, just costume jewelry. Displaying your jewelry can make a nice statement in a room and keep it all tangle free. Choose some of your favorite pieces and keep those out and in reach.

If you are working out in the heat, it can be easy to lose track of time. Hydration is vital to your safety on hot days. Remember to take breaks when it comes to manual labor to enjoy your work as well as time to hydrate.

If you have a lot of attic space, invest in a dormer window to make it usable. Your home?s exterior will be more attractive, and your square footage may increase. For a small investment, this will give you more livable square footage and increase your property value.

For larger jobs, hire a skilled and experienced worker. Architects, designers, and contractors earned their titles. Their work isn?t easy, and they have trained for the job at hand. While sometimes it seems cheaper to do the job yourself, allowing the professionals to do the work will ensure it?s done the right way, the first time.

Keep your water usage in mind when deciding how to update your home. You can simply add water heaters, shower heads and low flow toilets. The new fixtures not only add to your property value by being modern and green, but they also will save you big money on your water bill.

Ascertain that the contractors that you are thinking about using for your home improvement projects have the proper state licensing. You can easily find out this information by looking at your state government?s website or by calling them. If a contractor is not properly licensed, it can be a wake up call that they are either scam artists or not knowledgeable enough to get licensed.

A coat rack mounted on your wall is a nice way to display necklaces and other jewelry. Be sure to hang costume jewelry only and nothing of high value. Using creative displays to hang your jewelry can become a nice, decorative element and also protect your jewelry from tangles or breakage. Keep a few pieces in an easy to access location.

Use a type of bold print in a average or low key living room to add some personality. You could add animal printed rugs, pillows or paintings.

Always know where the gas shutoff valve is when you start any gas-based DIY project. It is critical that you take extreme caution in these types of repairs. You do not want to start a fire or get hurt during the course of your project.

If you have home improvement projects on your mind, you also have to consider what will be involved in the completion of the projects. With the correct amount of preparation, planning and understanding, you will be able to complete the project successfully. Use this advice to inspire your own home improvement project.

Have you been thinking of to receive targeted information about do-it-yourself alone? Within the following we?ve created the resources you need to get started. You?ll obtain the important information about become an interior designer.

This author offers useful information on homeimprovements for nothing on this page to help people get the right decisions.

Source: http://helpwithpaydayloansnow.com/the-very-best-home-improvement-tips/

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Siedem szcz??liwych liczb ? Considerations for Estate Planning ...

Posted By ChrissRobertson on February 7, 2012

Every day, CLA Estate Services works with seniors and retirees who have never thought about estate planning. These are some of the many issues that are often addressed by company representatives in CLA estate planning services workshops.

Wills
An up-to-date will is an important part of estate planning. It allows you to specify who should receive your money and possessions after you die. Without a will, those decisions will be made by the courts according to the state laws. Many people put off making a will, or neglect to update it with important information. While a will is important, it is only one part of a complete estate plan.

Durable Powers of Attorney
These legal documents let you appoint someone to make decisions on your behalf if you are unable to make them for yourself. There are two types - one for health-care decisions and one for your personal, financial and legal affairs. Assigning powers of attorney can ease your mind by ensuring that someone you trust has the legal right to make decisions if you can?t, and can make things easier for your family and loved ones by making your wishes known to them.

Net Worth
Many people have no idea how much their estates are worth. One of the first steps in creating an estate is to locate all of your assets and calculate your net worth. CLA estate planning services professionals recommend talking to a tax professional or financial adviser to determine the best ways to minimize estate fees, federal and estate taxes and inheritance taxes.

Communicating Your Wishes
A letter of instruction can let you communicate your wishes with regards to your funeral or memorial service, as well as to provide information about your important papers, assets and financial accounts. The CLA estate planning services packet includes an organizer that helps seniors organize all of this information so that survivors aren?t left to guess.

Trusts
Trusts are a very beneficial planning tool. They allow you to avoid probate (which is required with a will), allow you to avoid guardianship and allow you to stay in ?control? even after you become incapacitated or pass away. There are different types of trusts and variations provisions within a trust that can help position your assets in advantageous ways. Your attorney can help you determine which trust and which provisions will be beneficial in your circumstances.

Surviving Spouse Benefits
Review the survivor benefits provided by your pension plan, military Survivor Benefit Plan or other retirement plans. Likewise, review the beneficiary arrangements and benefits of your IRA and 401(k) plans. Keeping this information up-to-date is vital to ensure proper disbursement.

Organized Records
CLA estate planning services provides an Estate Organizers where you can list important information that your survivors will need after your passing. That information includes account numbers for bank accounts, investment accounts and insurance policies; the location of deeds, car titles, birth and marriage certificates and divorce decrees; and your personal data, including things like your Social Security number, VA claim number and the names and phone numbers of family members. It even allows you to identify the medicine you are taking, the names of your doctors and even your computer passwords.
An organized estate is one of the most loving gifts that you can leave to your family. Your forethought and planning can relieve them that they are making the right decisions, deal with minutiae during their grieving and ensure that your wishes are respected.

CLA Estate Services provides senior estate planning services to coordinate your planning and specializes in providing general information about estate planning. The Frisco, Texas Company has been providing these services for over 13 years, and has an A+ rating with the Better Business Bureau because based on the low number of complaints received about the company and their fast response time to any complaints. Their estate planning workshops are held in cities around the country to provide information about senior estate planning and discuss CLA estate planning services with those who would like to know more about protecting their assets and ensuring that their families are provided for in the future.

Chris Robertson is an author of Majon International, one of the world?s MOST popular internet marketing companies on the web.

Learn more about CLA Estate Planning Services

Category: 1
Tags: CLA Estate Planning Services, cla estate services, CLA-ES, conservative financial planning, seniors estate plannin, surviving spouse benefits

Source: http://www.siedem.twoj-internet.com/2012/02/07/considerations-for-estate-planning-from-cla-estate-planning-services/

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Grow Your Online Business with the Ecommerce Platforms | Forums ...

In the world of business ecommerce has spread like a wild rage in the last few years. There is no surprise that eCommerce website development has emerged as multi-billion dollar industry with multinationals as well as startup businesses looking to cash in on the advantage of ecommerce websites. A lot of platforms and applications are available which help you operate user-friendly online stores where buyers can easily shop for products and services. In this race Magento has emerged as one of the trend setters and more than 30000 websites have adopted Magento development as their preferred medium to run an online store.

Magento developers have given a new meaning to online stores which have helped businesses earn the confidence of the buyers. Ecommerce website development used to be a tough affair before Magento came into the picture. Only a few businesses walked the path of ecommerce but all that has changed in the recent years. There are a lot of advantages that Magento ecommerce development brings to your business and help you witness growth both in terms of sales and revenue. Some of them are ?

Cuts Expanses ? Magento being an open source medium cuts down your operating costs considerably. Thus you can operate a highly functional ecommerce store at negligible expense. This serves as a great competitive advantage for small businesses and startups. Most of the plugins for Magento are available for free.

Global Reach ? Magento ecommerce development supports multiple currencies and languages which allow you to have a global reach. You can make use of the real time currency converter which uses the live exchange rates to convert one currency into another. This allows you to market your business beyond your geographical limits and witness growth.

Online Visibility ? One of the most important factors required in the growth of an online store is its visibility in the search engines and Magento developers ensure you high ranking on the search engines by clean coding techniques. They use semantic coding which attracts search engine crawlers resulting in high ranking of your website.

Payment Options ? Magento offers customers with multiple payment options such as Credit Cards, Internet Banking and PayPal among others using a secured payment gateway. This adds to the convenience of the customers and also improve the conversion rate of your website.

Online Community ? Magento has a strong community of developers which helps you manage your online store efficiently. You can bank on the community to resolve your queries regarding problems you face with your online store.

Magento development is best when the website is designed from scratch and this job requires high level of expertise. There are a lot of companies around the world which specialize in Magento ecommerce development and it is wise to hire their services than outsourcing the project to an amateur developer. Ecommerce website development has become a must for every business in today?s highly competitive business environment and with a platform like Magento ?growth? will be an everyday term in your business.

This entry was posted on February 6, 2012, 5:54 am and is filed under Internet Services. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

Source: http://www.forumagainstftas.org/grow-your-online-business-with-the-ecommerce-platforms.html

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Choice Approaches to Breast Cancer Treatment method ...

If you?ve been diagnosed with breast cancer you might be wondering in case you?ll find choices to standard remedies involving radiation treatment, radiotherapy and surgical treatment. The truth is there are numerous alternate treatments for cancer. Substitute techniques aren?t necessarily less expensive while standard remedies however they may have a a smaller amount unfavorable effect after one?s body.

If you?re planning on substitute remedies you ought to go over this together with your doctor, particularly if you are starting standard remedies. Do not hold information from a doctor regarding fear of a poor response. In case your doctor won?t assistance the choices you could possibly consider looking for one that can. Nevertheless, preserving information from a doctor with regards to substitute remedies may possibly bargain your quality of life as well as the prospective accomplishment involving sometimes remedy.

A variety of techniques are dependant on the belief that cancers is because of various possible causes. Ionizing light, viruses, toxins, substances and high alloys can be a source of breast cancer. A person life-style can help with the risk of possessing breast cancer. Weight gain of more than fifty-five kilos right after converting eighteen boosts the breast cancer danger.

As a result a number of substitute techniques incorporate megavitamins, yoga, diet plan remedy, relaxation and positive imagery. If you wish to enhance your odds to get over cancers your head should be in a very positive position, possibly even it is gone through by a variety of techniques.

Immunobiological care is yet another substitute method of breast cancer. Theses cancer alternative treatments invasion cancer while rebuilding the normal safeguarding including the bodies? cleansing paths and defense mechanisms. A lot of professionals use an built-in approach located in alternative as well as standard treatments.

Although cancers cellular material produce inside everyone the inability associated with an individuals capacity to struggle the cancer cells building in to a tumour and metastasizing may be the genuine issue which needs to be address. The body carries a normal security that isn?t able when breasts and also other types of cancer variety. When the bodies? normal body?s defence mechanism can be reconditioned that can battle to remove the cancers.

Although conventional methods for stopping target ruining the cancer cells, substitute remedies target trying to repair the root cause that lead to the types of cancer advancement. Unless of course the underlying causes are fixed cancer may possibly go back as well as development with a more serious degree.

Some substitute remedies incorporate repairing lack. Including making sure the correct degrees of Vitamins D, D and Elizabeth and selenium which have been shown to control cancers. Also included is software to get rid of toxins who have accumulated in the body and fix your path ways to the normal reduction of toxins.

Tags: natural remedies

Source: http://www.vidyapatha.org/choice-approaches-to-breast-cancer-treatment-method/

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A Quick Overview Of The Leading Diet Plans Today ? Let's Get ...

The more research that is done on health and nutrition, the more we?re finding that natural and organic foods are preferable to ones that are processed, sprayed with pesticides or genetically modified. The modern diet is high in processed foods, and that seems to be the direct link to the increase in obesity, according to health experts. If you are concerned about your health and your weight, then you should start choosing organic foods, as much as possible. diet solution review The Cambridge Diet is a very low calorie diet, created in England in the 70s. Pre-packaged foods that provide you with the required nutrients, in addition to keeping your calories low, are given to you on this diet. They?re usually in the form of soups, meal bars and shakes. There are a few disadvantages with this diet, even though it has been around for some time and it has worked for many people. You must drink plenty of water to avoid being dehydrated, and you can only do exercise at a very low intensity. A lot of people will also become very bored of eating just meals that are packaged. Before going on a diet like the Cambridge Diet you need to consult your doctor to find out whether it?s safe for you. Diets that work While exercise is an important part of fitness and staying healthy, it is not all there is. There is more to true fitness than simply going for a run or lifting some weights every morning. You need to make smart choices in all areas of your life if you truly want to get fit. Leading a healthy lifestyle and being physically fit become more important as you get older. Think about the last year of your life: how often have you thought ?I need to get healthy? to yourself?

The Cambridge Diet is a very low calorie diet, created in England in the 70s. Pre-packaged foods that provide you with the required nutrients, in addition to keeping your calories low, are given to you on this diet. They?re usually in the form of soups, meal bars and shakes. There are a few disadvantages with this diet, even though it has been around for some time and it has worked for many people. You must drink plenty of water to avoid being dehydrated, and you can only do exercise at a very low intensity. A lot of people will also become very bored of eating just meals that are packaged. Before going on a diet like the Cambridge Diet you need to consult your doctor to find out whether it?s safe for you. Diets that work fast Millions of people automatically assume that drastic calorie reduction is the ideal way to lose your pounds. That is a strategy that can work simply because you will be reducing calories. However, very many people will let you know that is a difficult task to do as well as maintain. Drastically cutting down on daily calories means people have to change their thinking and eating habits which is unachievable for most. Positive along with healthy lifestyle and eating changes will be much simpler to accomplish with a different approach. An individual will find that changing habits is a lot easier to do by slowing down the amount of change and building it up.

Stress may be making it hard for you to lose weight. Several things can be the reason for this. Stress can make us feel the need to eat in order to relieve the tension. In these situations, we also don?t choose the best food either. When the average person is stressed out, they go straight to the sweets and fast food, which are the most fattening and calorie-rich foods. Our body?s natural reaction to ?fight or flight? type situations, according to researchers, is for us to choose high calorie foods when under stress. Also, if you are under pressure, you may not have enough time to prepare healthy meals, which makes you grab fast food throughout the day. If you are on a diet characterized by frequent snacking, you will find that weight loss results are slow, if not entirely absent, although you may pay as much attention to it as necessary. Cookies, chips, donuts and other snacks filled with fats, sugar and carbohydrates ? all of these combined together in small quantities will still result to weight loss failure for the obvious reason that calories are still being consumed in excessive quantities. If you are serious about calorie counting, everything that enters your mouth must be accounted for including the in-between snacks since these foods still contains calories with most of these snacks being unhealthy ones. The good news is that this fattening snack habit can be changed into a healthy one simply by placing better alternatives like vegetable sticks, fruit salads and low-fat yogurt within your reach instead of the usual cookies, chips and cakes.

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Source: http://www.letsgetprimitive.com/make-money-online/a-quick-overview-of-the-leading-diet-plans-today/

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