business - "short"

LONDON (MarketWatch) -- Former U.S. Senator Jesse Helms has died at 86 according to media reports citing the Jesse Helms research center. The long-serving Republican from North Carolina was known for his conservative stances, including efforts to force reforms at the United Nations and opposition to the creation of the Martin Luther King holiday. Helms was first elected to the senate in 1972 and served five terms.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

LONDON (MarketWatch) -- Rating agency Moody's Investors Service on Friday downgraded its rating on UBS' financial strength to B- from B and also cut its senior debt and deposit ratings on the bank to Aa2 from Aa1. Moody's said the downgrade 'reflects the challenges still facing the bank's management team to return UBS to a position of stability following the losses in its investment banking division.' The rating agency said it believes UBS core wealth management franchise hasn't been permanently affected, but the future of its fixed income, currencies and commodities business is less clear. 'The bank has initiated many changes to senior management, risk management, and, more recently, corporate governance, but it is not yet clear whether these changes will be effective considering the complexity of the task,' it said. Shares in UBS traded down 1% after the downgrade.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for mo

NEW YORK (MarketWatch) -- BCE Inc. said Friday it reached a final agreement with a group of investors to amend a buyout deal with a higher breakup fee, but the price will remain at $42.75 a share. Shares of BCE closed at $34.75 a share on Thursday. An executed credit agreement for the parent company of Bell Canada and other key financing documents have been finalized; a reverse break fee payable by the purchaser has been increased to $1.2 billion and closing will take place on or before Dec. 11. Prior to closing, the company will not pay dividends on its common shares but will continue to pay dividends on its preferred shares. The board of directors of BCE has confirmed George Cope, COO of Bell Canada since 2005, as the next CEO of Bell Canada, effective July 11. market pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

These are some stocks that have been tagged by users over at StockTickr: INGN: INTROGEN THERAPEUTICS INC Outlook: Short Industry: Drug Related Products New low on 36.35 times average volume: 2,035,531 vs. 56,000 (tags: short, New Low on Huge Volume) LMNX: LUMINEX CORPORATION Outlook: Long Industry: Medical Instruments Supls New high on 4.68 times average volume: 1,323,724 vs. 283,117 (tags: long, New High on Huge [...]

ZURICH (Reuters) - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price.

A relief rally in the form of short covering of positions saw equities snap week-long losing streak.