At The Motley Fool, we know our readers like to be informed. We've scouted out today's most relevant news items and brought them to you all on one page. We hope you find this midday edition informative and useful.
UBS left in the dark
The board appointed Sergio Ermotti, head of the European business, as the interim CEO. Ermotti will be the bank's third CEO in four years. Ermotti, who has been at the bank for only five months, is faced with the task of restructuring the investment bank, which has been struggling since before the trading scandal. Read more at The Wall Street Journal.
Netflix secures DreamWorks
The deal comes during a hard time for the video-streaming company after it enraged costumers with an unexpected price increase and the separation of its two businesses. Netflix is also expected to lose content from Walt Disney
Amazon poses a threat to Apple
Analysts are confident that Amazon.com's
Clorox's rough day
Company shareholders were reluctant to sell in a difficult financial environment and rejected a variety of Icahn's offers, the largest being for $10.7 billion, or $80 per share. Icahn had also mentioned Procter & Gamble and Kimberly-Clark as potential buyers. The company said the list of candidates has been withdrawn and that it feels confident that its own strategy will bring value to the company. Read more at Bloomberg.
So there you have it -- the top financial stories for this afternoon. If you are interested in getting all the news and commentary on these stocks sign up for My Watchlist -- it's free!
Michelle Zayed doesn't own any stocks mentioned. The Motley Fool owns shares of Clorox and Apple. Motley Fool newsletter serviceshave recommended buying shares of Clorox, Netflix, Walt Disney, Amazon.com, Apple, Kimberly-Clark, Procter & Gamble, and DreamWorks Animation, creating a bear put spread position in Netflix, and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool has a disclosure policy.