bond

UBS was ordered to either pledge assets or post a $35 million bond after a Connecticut court found "probable cause" that the bank committed securities fraud in a deal with Pursuit Partners according to the reports of the hedge fund's lawyers.

On Tuesday Google reported that over 15,600 employees exchanged options to buy roughly 7.6 million company shares under the unusual program launched to retain the Internet giant's top talent even as its share price is sliding down. Earlier in January Google announced that it would allow employees with stock options that have lost value thanks to the company's falling share price to substitute them for new options with a lower strike price.