IBT Staff Reporter

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HSBC agrees $62.5 million Madoff lawsuit settlement

HSBC said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff.

Lagarde says size of new Greece bailout not decided

French Finance Minister Christine Lagarde said on Tuesday that the size of the additional financial package for Greece had not yet been worked out and that the package will not include the restructuring of Greek debt.

HSBC pays $62.5 million to settle Madoff lawsuit

HSBC said it had paid $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff.

Top 5 regrets people have before dying

Many people have regrets before they die ranging from choices made, relationships, and ambitions . We compiled the top 5 according to an article by Bronnie Ware which explores ranging emotions experienced during the final periods of someone's life. You may find some in common and can find ways to achieve and overcome regrets before the end nears.

Lagarde says India positive on IMF job, next stop China

French Finance Minister Christine Lagarde said on Tuesday that Indian officials had positive views on her credentials as she contests for the head of the International Monetary Fund , and that she hoped to get a view on China's position later this week.

Has E.coli transformed into an emergency?

If crisis talks are any indication of an impending emergency, then the E.coli outbreak has just become one. With experts still in the dark about the origin of the outbreak, the agriculture ministers from European Union nations have decided to hold a crisis meeting.

Stock futures rebound after selloff

Stock index futures rebounded on Tuesday, a day after the S&P 500 hit its lowest level in over two months, taking out important technical levels as investors grew more bearish on the economy.

Microsoft's Windows 8 demo upsets developers

Microsoft’s demonstration of Windows 8, the next-generation operating system, at D9 has put the third party Microsoft Windows developers in uncertainty about the development platform.

China official says U.S. could pursue weak dollar policy

China should guard against risks from excessive holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.

Stock futures bounce after selloff

U.S. stock index futures rebounded on Tuesday, a day after the S&P 500 hit its lowest level in over two months, taking out important technical levels as investors grew more bearish on the economy.

To Marry or Not to Marry? That's the Question!

Brad Pitt recently put his fans in a tizzy while hinting at the possibility of impending marriage to Angelina Jolie. He said, “The kids ask about marriage. It’s meaning more and more to them. So it’s something we’ve got to look at.” Brad and Angelina have been in a relationship since 2005, after they starred together in Mr. and Mrs. Smith.

Yemen's future still uncertain after Saleh's departure

After his presidential compound came under heavy attack on Sunday, Yemeni leader Ali Abdulla Saleh fled to neighboring Saudi Arabia for medical treatment, according to local media reports. Along with him, four or five top government officials are also reportedly being treated in Saudi Arabia.

China official warns on excessive holdings of U.S. assets

China should guard against risks from excessive holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior official at the State Administration of Foreign Exchange said in comments published on Tuesday.

Stock index futures signal rebound

Stock index futures pointed to a firm opening on Wall Street on Tuesday, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.4 percent at 0735 GMT (2:35 a.m. ET).

Apple dismisses PC, insists on iCloud

Apple’s CEO Steve Jobs has announced his aim to ‘demote the PC’ industry while introducing the iCloud, Apple’s new cloud-based solution for synchronizing files across multiple Apple devices.

Lockheed hack attack used stolen SecurID data: RSA

Hackers who recently broke into Lockheed Martin's security network used data stolen from an EMC security division and the company offered to replace millions of potentially compromised SecurID electronic keys.

Toshiba, Sony plan to merge small LCD panel units: sources

Toshiba Corp and Sony Corp are in talks to combine their units that make small and mid-size LCD panels for smartphones and tablet computers, and may sell a stake in the new entity to the Japanese government for about $1.2 billion, sources said.

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