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Beats By Dre and the Greens

The vote was seen as a key test of Chancellor Angela Merkel's authority over her center-right coalition ahead of federal elections next September,Beats By Dre.

The main opposition parties,Lady Gaga Monster, the Social Democrats (SPD) and the Greens,Lady Gaga Monster For Sale, backed the bailout along with the bulk of Merkel's conservative-liberal bloc. Of 584 deputies present in the chamber,Lady Gaga Monster, 473 voted for the bailout,Beats By Dre, 100 voted against an 11 abstained.

(Writing by Gareth Jones,Beats By Dre, editing by Stephen Brown)

Beats By Dre BEFORE MCCANN

(Reuters) - UBS Wealth Management Americas said on Tuesday third-quarter earnings rose slightly in U.S. dollars, as the smallest of the four major Wall Street brokerages bested rivals on several fronts during the toughest markets since the financial crisis.

The Swiss bank said the U.S. brokerage unit earned almost $170 million in the third quarter, swinging back from a $47 million loss in the year-earlier period. Total operating income was fueled by higher interest income, offset by lower fees and commissions.

Third-quarter profit rose about $5 million or 3 percent, from the second quarter.

Revenue rose 16 percent to $1.54 billion from the year- earlier period, and was up 2 percent from the second quarter as higher income was offset by expenses, muted client trading and restructuring charges.

Clients added $4.8 billion of net new money during the quarter, compared with $3.1 billion in the second quarter and just $300 million a year earlier.

These net additions, which exclude interest and dividends, were the most since former Merrill executive Robert McCann took over as the unit's chief executive in late 2009.

The ranks of financial advisers increased by 51 to 6,913 during the quarter and were up by 117 this year, continuing a the unit's recovery after years of mass departures.

TAKES LEAD FROM MERRILL

The U.S. unit also took the lead in average revenue and assets per adviser away from the industry's perennial leader, Merrill Lynch. UBS brokers averaged $895,000 of annualized revenue production during the quarter, compared with $854,Beats By Dre,000 at Merrill Lynch.

UBS brokers averaged $103 million of client assets, even as total invested assets fell 8 percent to $715 billion as markets swooned. Merrill and Morgan Stanley brokers each oversaw about $90 million in assets, on average.

"What you have is one of the more impressive turnarounds I've witnessed in all my 30 years in financial services," McCann said in a memo to employees on Tuesday.

McCann also noted pretax profit swung to $444 million in the first three quarters this year, from a $93 million loss in the same period last year, though that still falls short of his goal of 1 billion francs annual pretax profit.

Morgan Stanley,Beats By Dre, by comparison,Lady Gaga Monster For Sale, reported year-over-year declines in revenue, brokers and assets; Merrill's revenue and broker-count rose, though client balances fell.

For UBS, U.S. unit results were eroded by the weakness of the dollar against the franc. Pretax earnings in francs fell to 139 million from 140 million in the second quarter.

The most recent results reflect 19 million francs of charges related to a cost-reduction program and 31 million francs of one time gains on investment sales.

BEFORE MCCANN

UBS's brokerage unit saw nearly a third of top advisers quit and client assets plunge by $119 billion in the year before McCann arrived. UBS suffered some of the biggest credit losses of the financial crisis and prompted a Swiss government bailout.

UBS, to be sure,Beats By Dr Dre, is a fraction of the size of its rivals. Merrill,Beats By Dre, a unit of Bank of America Corp, has 16,722 advisers and generated $3.43 billion in third-quarter revenue.

Morgan Stanley's brokerage division has 17,291 advisers and earned $365 million pretax on $3.26 billion in revenue.

UBS in September shocked the markets with news that a trader had lost more than $2 billion on unauthorized trades,Beats By Dr Dre, a major setback as UBS scrambles to revive an investment bank and a global wealth management business hurt by a series of scandals and missteps in recent years.

The wealth management unit, long a source of concern for UBS, may now be a model for UBS' investment banking turnaround,Lady Gaga Monster, group Chief Financial Officer Tom Naratil told Reuters.

"As we look at the investment bank strategy going forward, there is a very important lesson in what we did in WMA," said Naratil,Beats By Dr Dre, who had been CFO of the U.S. brokerage unit until earlier this year. (Reporting by Joseph A. Giannone in New York; additional reporting by Emma Thomasson in Zurich; editing by Chelsea Emery)

Beats By Dre 583.03.

NEW YORK (Reuters) - U.S. stocks took a breather on Tuesday after the best five days for the S&P 500 in more than two years as investors look to earnings for a reason to extend the market's rebound,Beats By Dre.

Stocks wavered between gains and losses throughout the session. Markets have been reacting to news from the euro zone where officials are trying to contain a debt crisis that threatens large European banks and global financial stability.

The focus now will shift to earnings season, which begins with Alcoa Inc's (AA.N) report after the close of trading. U.S. economic indicators have shown signs of slow growth and investors are waiting to see how this has affected company profits.

"Earnings are always important but even more so here after several quarters of solid earnings across many industry sectors. I think investors are going to want to see that continuing or solidifying itself. Otherwise you could see further selloffs," said Michael Cuggino,Lady Gaga Monster For Sale, president and portfolio manager of Permanent Portfolio Funds in San Francisco.

Materials stocks fell throughout the third quarter on worries about global growth slowing,Beats By Dr Dre. Alcoa gained 2 percent to $10.30 in regular trading but is down 35 percent since the beginning of the third quarter.

After the market closed, Alcoa said third-quarter profit jumped from a year ago, but earnings and revenue slipped from the second quarter as economic growth slowed from the first half of this year.

A delay in a key vote by Slovakia on expanding the euro zone rescue fund has also kept investors cautious,Lady Gaga Monster.

With 16 of 17 euro zone states having ratified a pact to boost the size and powers of the European Financial Stability Facility bailout fund, all eyes turned to Slovakia. The country's finance minister said the country was expected to approve the changes this week.

Any more delays in coming up with a plan intended to head off crisis could give the market an excuse to sell. Stocks have reached the top of a recent range, hitting resistance around 1,Beats By Dre,195 on the S&P 500. Another area of resistance is seen at 1,215 on the S&P 500, said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston.

"The bounce we've had is kind of getting us close to resistance levels ... we're looking to see if it can break through,Beats By Dre," he said.

Apple (AAPL.O), which gained 3 percent to $400.29, lifted the Nasdaq and S&P 500.

The Dow Jones industrial average .DJI was down 16.88 points, or 0.15 percent, at 11,416.30. The Standard & Poor's 500 Index .SPX was up 0.65 point, or 0.05 percent, at 1,195.54. The Nasdaq Composite Index .IXIC was up 16.98 points, or 0.66 percent, at 2,583.03.

After the close,Beats By Dr Dre, Alcoa, the largest U.S. aluminum company, dipped slightly $10.03 after it posted results.

In the past week, analysts have lowered their consensus earnings estimates for Alcoa, citing a precipitous drop in metals prices in recent months sparked by global economic concerns.

About 6.90 billion shares were traded on the New York Stock Exchange, NYSE Amex and Nasdaq for the day,Lady Gaga Monster, well below the year's daily average so far of 8.03 billion.

Advancing stocks outnumbered declining ones on the NYSE by a ratio of roughly 16 to 13, while on the Nasdaq, advancers beat decliners by about 3 to 2.

(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry)