Business briefs
Euro-trashed
Stocks fell as political turmoil in Europe cast doubts on the euro zone’s ability to end its debt crisis. The Dow Jones industrial average was down 102.09 points, or 0.78 percent. The Standard & Poor’s 500 Index was down 11.59 points, or 0.84 percent. The Nasdaq Composite Index was down 30 points, or 1 percent.
Yes, Jim
UBS, revamping its US investment bank, hired Bank of America’s James Forbes as vice chairman.
No, Jim
The Supreme Court refused to consider former Merrill Lynch executive James A. Brown’s bid for a new trial on perjury and obstruction of justice charges in a case about a 1999 Enron transaction.
Not pretty
According to a Fitch report, “. . . [I]t might be challenging for Coty to maintain investment-grade ratings after an acquisition [of Avon].”
O no, Hasbro
The stock of Hasbro fell 5.2 percent as the No. 2 US toy company reported a fall in sales and weaker-than-expected quarterly earnings.

