2ND UPDATE: UBS Pegs Hit From Subprime At $3.4 Billion; 1,500 Jobs To Go (Nasdaq)
LONDON (Dow Jones) -- UBS will take a third-quarter write-down totaling 4 billion Swiss francs ($3.4 billion) tied to its subprime mortgage exposure and plans sweeping management changes and job cuts in its investment-banking division, the Swiss banking giant said Monday.

Big chill looms for the economy as new mortgages fall sharply (Daily Mail)
The number of new mortgages taken out fell sharply in August as analysts warned that Britain is threatened by a black tide of economic bad news. Just 109,000 home purchase loans were agreed in the month, down by more than 9 per cent on August last year

Thomson Financial Europe AM at a glance share guide: stocks firm; oil surges (Sharewatch)
LONDON (Thomson Financial) - US SUMMARY: Stocks rise on mixed economic data, oil surges Change Pct change *DJIA 13912.94 +34.79 +0.25 *Nasdaq 2709.59 +10.58 +0.39 *S&P 500 1531.38 +5.96 +0.39 eur-usd 1.4160 +0.0024 Brent crude Nymex 82.88 usd +2.587 usd 10 yr US treasury 4.57 pct +0.05 pct *Yesterday's close STOCKS: Extended their gains Thursday with a moderate advance as investors weighed fresh ...

David Haugh: Lovie's new QB: Griese (Chicago Tribune)

Huddle Up: It's officially Griese at QB (Chicago Tribune)