Daily Outlook - August 14.

<strong>UBS tax deal seen involving big accounts</strong>

A landmark settlement that will spare UBS&nbsp;a lengthy and damaging U.S. tax trial is set to be signed next week and will involve the disclosure of the biggest holders of secret Swiss accounts. <a href="http://www.ibtimes.com/articles/20090814/ubs-tax-deal-seen-involving-big-accounts.htm">Read Full Article here.</a>

<h1>GM says no deal with Magna yet on Opel sale</h1>

General Motors'&nbsp;top negotiator for the sale of its European business took issue on Friday with assertions that Opel suitor Magna&nbsp;had struck a deal in principle on a contract for the deal. <a href="http://www.ibtimes.com/articles/20090814/gm-says-no-deal-with-magna-yet-on-opel-sale.htm">Read Full Article here</a>.

<h1>CIT, clothing maker Scherr settle: report</h1>

CIT Group Inc&nbsp;, the cash-strapped corporate lender struggling to avoid bankruptcy, made an out-of-court settlement with apparel maker Scherr Inc that sued to end its relationship with the company, the New York Post said. <a href="http://www.ibtimes.com/articles/20090814/cit-clothing-maker-scherr-settle-report.htm">Read Full Article here</a>.

<h1>More U.S. home sellers cutting prices: survey</h1>

One in four U.S. homes for sale on August 1 had their prices marked down at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday. <a href="http://www.ibtimes.com/articles/20090814/mores-home-sellers-cutting-prices-survey.htm">Read Full Article here</a>.

<h1>Deadline for U.S. broadband grants, loans extended</h1>

The deadline for online applications for the first round of the U.S. government's $7.2 billion program to provide broadband access to all Americans was extended to August 20 from August 14 because of technical problems caused by the high number of applicants. <a href="http://www.ibtimes.com/articles/20090814/deadline-fors-broadband-grants-loans-extended.htm">Read Full Article here</a>.

<h1>Blackstone's Schwarzman tops U.S. CEO payroll: study</h1>

Taking his private equity firm public paid off big for Blackstone Group LP's&nbsp;Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday. <a href="http://www.ibtimes.com/articles/20090813/blackstones-schwarzman-topss-ceo-payroll-study.htm">Read Full Article here</a>.