Blockbuster appears set to announce a streaming video service Friday. The company, which was recently acquired by Dish Network, invited press to a Friday event called “A Stream Come True,” CNET reported.
The move could put the company in position to challenge Netflix, as the The Washington Post reported in April, especially given recent customer attitudes toward the popular streaming site.
Oswald Grübel resigned as chief executive of embattled Swiss bank UBS AG in the wake of a trading loss that cost the bank more than $2 billion and now has cut short the career of a giant of Switzerland's business community.
In a statement Saturday, UBS said its board had accepted Mr. Grübel's resignation. UBS Chairman Kaspar Villiger said on a conference call that the board had not sought Mr. Grübel's resignation and had asked him not to resign immediately, but that he had insisted.