Content about UBS AG

New York City -- Apple will spend $900 million on its stores in fiscal 2012, up from $614 million this year, according to Tech Observer, which cited a new research note from UBS analyst Maynard Um.

The report also said that that Apple plans to give shoppers the ability to complete their own in-store purchases via its iOS application for the iPhone. The new application will apply only to accessories and on-the-shelf items, and not more costly item like the iPhone, iPad, or Macs.

New York City -- A western Pennsylvania woman filed a federal lawsuit Wednesday against Target Corp. and its law firm over the chain's debt-collection practices, the Associated Press reported. The woman claims false affidavits were used to go after customers who allegedly owed money to a subsidiary bank that issues the store's credit cards.

Tokyo - A report released Tuesday said that Japanese prosecutors will launch an investigation into possible insider trading involving shares of Wal-Mart's Japanese subsidiary Seiyu.

According to Reuters, which cited the Nikkei business daily website, the trading is suspected to have occurred when Wal-Mart turned Seiyu into a fully owned unit in 2007.

In early November, Japan's Securities and Exchange Surveillance Commission began an investigation into possible insider trading. Wal-Mart has said it would cooperate with authorities.