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.
CFDA Awards: The winners and the clothes [pictures]
The Council of Fashion Designers of America put on their annual awards in NYC Monday night.
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.
Bango to process Blackberry App store payments
Mobile online payments and analytics company Bango is now processing Blackberry App store payments in numerous markets and several currencies.
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.
'Korea's Got Talent': orphan slept on toilets, blows judges away with voice
Korea's Got Talent Sung-Bong Choi made judges cry with his sad life story and powerful voice.
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.
IMF open to extending terms on official Greek loans
The IMF is open to delaying Greece's repayment of its international bailout deal but a major restructuring of its debt would create untold problems in the euro zone, an IMF official said on Tuesday.
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.
Dollar falls on China comments, global stocks rebound
The U.S. dollar fell broadly on Tuesday after a Chinese official said the greenback could weaken further against other major currencies while European equities rebounded as investors picked up beaten-down shares.
Apple to scrap MobileMe service after June 2012
With the launch of Apple’s new iCloud, MobileMe subscription will be extended to June 30, 2012, “at no additional charge”.
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.
Greece sees austerity vote by end-June, tax cuts later
The Greek government expects parliament to vote on its medium-term austerity plan, a condition of a new international bailout, by the end of June, a senior government official said on Tuesday.
Sina to launch English microblog by year-end
China's Sina Corp will launch an English version of its microblog, Weibo, by the end of the year for overseas users, a company spokesman said on Tuesday.
Wimbledon - Federer angers Halle organizers with withdrawal
World number three Roger Federer withdrew from a Wimbledon warm-up tournament in Halle, Germany due to a sore groin, much to the anger of the organizers of the tournament.
GE, Capital One bid for ING Direct USA: report
General Electric Co and Capital One Financial Corp have submitted bids for ING's U.S. online banking operations in a deal worth about $9 billion, Bloomberg reported on Tuesday.
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.
India clears $4.1-billion defense deal, to create 22,000 jobs across US
India's Cabinet Committee on Security has cleared a $4.1 billion defense deal to buy 10 C-17 heavy lift aircraft from US-based Boeing.
GM to invest $130 million in Michigan, create 25 high-end jobs
General Motors will invest $130 million to build an enterprise data facility and add 25 high-tech jobs at its Technical Center campus in Warren, Michigan.
Euro ticks up, Aussie dips as central bank holds rates
The euro ticked up in Asia on Tuesday, steadying from a slide after the Eurogroup chairman said the common currency was overvalued, while the Australian dollar dipped after the central bank kept interest rates steady.
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.