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UBS to write off $3.4 billion

ZURICH (Reuters) - UBS AG, the worlds largest wealth manager, unveiled $3.4 billion in losses, swept out senior managers and slashed jobs in one of the biggest casualties yet worldwide from the credit crunch. UBS to write off $3.4 billion NEW YORK (Reuters) - Oil rose more than $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns. Oil rises on U.S.-Iran tensions

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