HSBC may sell U.S. cards as targets $3.5 billion in costs
HSBC is to streamline its wealth management business, retreat from retail banking in some countries and may sell its U.S. credit cards arm as new CEO Stuart Gulliver attempts to cut $3.5 billion in costs and revive flagging profits.
Stock futures signal slightly higher open
Stock index futures pointed to a slightly higher open on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 all up 0.1 percent.
Toyota operating profit down 52 percent
TOKYO, May 11 - Toyota Motor Corp posted a 52 percent fall in quarterly operating profit on Wednesday and gave no annual forecasts, as expected, as it struggles to measure the scope of the disruption to production after the March 11 earthquake.
World stocks tick higher; euro, oil fall
World stocks rose for a second straight day on Wednesday thanks to favorable U.S. and European corporate earnings, while the euro slipped on uncertainty over whether debt-laden Greece would need additional financial aid.
ArcelorMittal forecast post-crisis peak in Q2
ArcelorMittal , the world's largest steelmaker, forecast strong prices and shipments that would propel earnings to a post-crisis high in the second quarter following a sharp rebound at the start of the year.
HSBC may sell US cards as targets $3.5 billion in costs
HSBC is to streamline its wealth management business, retreat from retail banking in some countries and may sell its U.S. credit cards arm as new CEO Stuart Gulliver attempts to cut $3.5 billion in costs and revive flagging profits.
China eases trade rules, allows U.S. fund sales
China on Tuesday pledged easier access for U.S. companies to key sectors of its economy by removing barriers to its huge market in government contracts and offering a foothold to U.S. mutual funds.
Facebook may have leaked your personal information: Symantec
Facebook users' personal information could have been accidentally leaked to third parties, in particular advertisers, over the past few years, Symantec Corp said in its official blog.
TEPCO net loss may top $12.4 billion: report
Tokyo Electric Power Co likely made a net loss of more than 1 trillion yen ($12.4 billion) in the year that ended on March 31, the biggest ever for a non-financial Japanese firm, after booking costs to scrap nuclear reactors and writing off tax assets, the Nikkei newspaper said.
Commodities recovery boosts Asian markets
Asian shares firmed on Wednesday as rising global commodity prices boosted energy and resource stocks, while investors largely shrugged off data from China suggesting growth there is starting to slow.
HSBC eyes $3.5 billion in savings, reviews U.S. cards business
HSBC Holdings Plc is reviewing its U.S. cards business and streamlining its wealth management and retail banking operations as it eyes savings of up to $3.5 billion, Europe's biggest bank said on Wednesday.
HSBC says to limit retail banking to save up to $3.5 billion
HSBC Holdings Plc <0005.HK>, Europe's biggest bank, is looking to slash up to $3.5 billion in costs by cutting the scale of its wealth management and retail banking businesses, it said on Wednesday.
Sony PlayStation Network Still Dead like Osama Bin Laden
Sony Play Station Network is still down after the May 8 deadline for the restoration, but the company hopes it will be up “within the next few days”.
China's April inflation higher than expected
China's inflation eased a touch to 5.3 percent in the year to April from a 32-month high of 5.4 percent in March but was still higher than expected, keeping the door open for more tightening steps.
Osama Bin Laden Dead Photos to be Shown, CIA tells Lawmakers
After numerous rumors and conspiracy theories regarding the death of Osama Bin Laden, the CIA announced today that they plan to show photos of Bin Laden's corpse to selected lawakers of the Senate Armed Services Committee and Senate Intelligence Committee members. Senate members can choose to view the images at the CIA agency's headquarters in Langley, Virginia.
Skype's owners set to make $5 billion: source
Skype's owners, led by private equity firm Silver Lake, are set to earn more than three times their investment, for a total capital gain of more than $5 billion, on the sale of Skype to Microsoft Corp, a source familiar with the situation said.
Banks float $5 billion deal to settle foreclosure probe: report
Major banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage foreclosure practices, the Wall Street Journal reported, citing people familiar with the situation.
Sony Announce PlayStation Network Fix to Complete in “A Few More Days”
After three weeks of the PlayStation Network outage, which was caused by hackers last month, Sony has announced that it will take a few more days until the service is restored. The company plans to test the system's strength fully before restoring the online network which offers gaming, streaming movies, and other services.
Sony PlayStation Network service will not be restored soon, triggers panic
Embattled consumer electronics giant Sony said on Tuesday its PlayStation Network, that was hacked last month, will remain offline for at least few more days till it figures out a way to make it secure.
AT&T, T-Mobile CEOs to defend mobile mega-merger
The impact of AT&T Inc's proposed acquisition of T-Mobile on competition, pricing and consumer choice will be examined at a congressional hearing on Wednesday where top executives are due to appear.
Anderson Cooper Prank Child Photo Airs, Threatens Firing [VIDEO]
Anderson Cooper threatented to fire some of his staff on on Monday after a picture of him at 9-years of age appeared during a report on Justin Bieber being called a brat on by a cast member of CSI.
Senate bill squeezes Big Oil to ease deficit
Democratic Senators introduced a bill on Tuesday that would repeal tax breaks enjoyed by the five biggest oil companies, freeing up $21 billion over a decade to ease the budget deficit.
Game 5 : Bulls beat Hawks 95-83 to take the 3-2 lead
The Chicago Bulls have beaten the Atlanta Hawks on their home court to take a 3-2 lead in the Eastern Conference semifinal series. The final score at the United Center was 95-83.
Burj Khalifa Suicide: Jump From World's Tallest Building Ended Halfway
In the first documented suicide jump from the Burj Khalifa, a man jumped to his death on Tuesday. The 828 meter tall skyscraper in Dubai is the tallest structure in the world.
Osama bin Laden Dead Pictures to be Shown to a Special Few
Some U.S. lawmakers are being given the chance to view the gruesome photos of Osama Bin Laden's corpse after he was killed by U.S. forces in northern Pakistan, according to reports.
When Will Galaxy Tab 10.1 Release in US?
South Korean Electronic company's latest tablet computer, the Galaxy Tab 10.1 will be release in United States on June 8, 2011.
Lady Gaga and Zynga to Launch GagaVille
A new partnership between Lady Gaga and Zynga will result in launching of GagaVille, a new playable world within a popular Facebook game, FarmVille.
Creator of Farmville Zynga Teamup with Lady Gaga for GagaVille Game
Lady Gaga is teaming up with Zynga to debut the latest game from the creators of Facebook's FarmVille, CityVille, and Mafia Wars. The new virtual online game called GagaVille will feature Gaga's unique style into the playable world that is sure to attract Gaga fans and 12 million FarmVille players.
Lady Gaga, Zynga team up to bring GagaVille to Facebook
Lady Gaga has teamed up with FarmVille maker Zynga to launch GagaVille, a virtual game that is being used as a platform to bring her explosive new album Born This Way to Facebook fans.
Skype's owners made $5 billion, 3 times money: source
Skype's owners, led by private equity firm Silver Lake, will make more than three times their investment - a total capital gain of more than $5 billion - on sale of the company to Microsoft Corp, a source familiar with the deal said on Tuesday.