Shares in embattled UBS rally as CEO quits

Shares in Switzerland’s biggest bank UBS rallied on Thursday as Marcel Rohner announced his resignation, just weeks after announcing losses of nearly $17 billion — the largest ever by a Swiss group. Rohner is replaced by Oswald Gruebel, who served as CEO of rival Credit Suisse from 2003 until 2007. “With his previous employer Credit Suisse, Mr

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UK woman loses assisted suicide appeal

A British woman who suffers from multiple sclerosis has lost her appeal to clarify Britain’s laws on assisted suicide, a charity working with the woman said Thursday. But the woman did get a strong hint that anyone who helped her travel to a country where assisted suicide is legal would not be prosecuted.

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