GOOD DAY FOR: Virtual crime, after Take-Two Interactive’s “Grand Theft Auto IV” raked in $500 million in sales in its first week on the shelves. Six million people purchased the violent video game, with 3.6 million copies sold on the first day alone. Analysts were expecting five million copies sold in the first two weeks. (The New York Times)
BAD DAY FOR: Weathering storms, after beleaguered Swiss bank UBS said it is being investigated for tax evasion by the U.S. Justice Department. The accusation that UBS has helped wealthy clients avoid U.S. taxes comes after such clients, spooked by massive writedowns, pulled $12.1 billion from its wealth- and asset-management units. “UBS has been hit by a perfect storm,” said Edwin Merner at Atlantis Investment Research. (Bloomberg)
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