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Wall Street Journal: Financial
Data Theft Hits HSBC Clients
HSBC said a former employee stole data on about 24,000 accounts in its Swiss private bank that wound up in the hands of French authorities.
Categories: NEWS: Business and Financial
ONGC in Talks With Gazprom, Rosneft, Sistema
India's state-run Oil & Natural Gas Corp. is in talks with Russian oil majors OAO Gazprom, OAO Rosneft and Sistema to explore oil and gas opportunities in Russia, ONGC Chairman R.S. Sharma said.
Categories: NEWS: Business and Financial
Examiner: Lehman Torpedoed Lehman
A federal judge released a scathing report on Lehman's collapse that raps executives, auditor Ernst & Young and banks for lapses that sparked bankruptcy.
Categories: NEWS: Business and Financial
Farallon Regroups After Knockdown
Farallon Capital is shrinking and reorganizing as the giant hedge-fund firm emerges from the rockiest period in its 24-year history.
Categories: NEWS: Business and Financial
Buffett's Pay: Steady at $175,000
Berkshire Hathway. kept Chairman Warren E. Buffett's total compensation at $175,000 in 2009, in line with his relatively modest pay over the years. His company stake, however, is in the billions.
Categories: NEWS: Business and Financial
AIG Workers to Give Up $45 Million to Uncle Sam
The resolution comes after months of discussion with Kenneth Feinberg. And GMAC's chief may not get any 2010 compensation.
Categories: NEWS: Business and Financial
Google Nears Decision on China Censoring
Google could stop censoring its Web-search results in China within weeks, said people familiar with the matter, but the company isn't likely to withdraw from the country entirely.
Categories: NEWS: Business and Financial
Citi Says It Is Poised For Sustained Profits
Citi's chief said the bank is poised to return to "sustained profits" after being kept afloat by government support during the market meltdown.
Categories: NEWS: Business and Financial
Hearst Tries Hand at Apps
Publishing company Hearst is jumping into the business of developing software applications, or "apps," for the iPhone, targeting information for music, sports and food fans.
Categories: NEWS: Business and Financial
Pink Floyd Wins Downloads Suit
Britain's High Court has ordered record company EMI to stop selling downloads of Pink Floyd tracks individually rather than as part of the band's original albums.
Categories: NEWS: Business and Financial
Gamble on Financial Overhaul
The White House's yearlong effort to rewrite financial regulations risked running aground after Sen. Dodd broke off bipartisan negotiations and announced plans to push ahead without GOP support.
Categories: NEWS: Business and Financial
U.S. Weighs Stricter Car-Safety Rules
U.S. auto-safety regulators are considering new standards for car brakes, accelerator pedals and "black boxes" that record crash data, the Obama administration's top highway-safety official told Congress.
Categories: NEWS: Business and Financial
NYSE Questions Black & Decker
Back & Decker has landed in trouble with the NYSE over how its board determined the independence of a director who owns a real estate development with the tool maker's CEO.
Categories: NEWS: Business and Financial
Labor Tensions Threaten Airline Recovery
Increasingly turbulent labor negotiations are threatening to knock U.S. airlines off their recovery path just as the battered industry starts to emerge from a stiff recession.
Categories: NEWS: Business and Financial
BB&T to Pay Tax for Offshore Enterprise
BB&T Corp.'s use of an opaque offshore-tax enterprise will cost the U.S. bank nearly $1 billion.
Categories: NEWS: Business and Financial
LibertyPointe: 27th Bank Failure of Year
The New York bank was shut by regulators, making it the first to go down in the nation's financial capital since the start of the recent crisis.
Categories: NEWS: Business and Financial
Exxon Output Gains Pose Risks
The U.S. energy giant known for its heady profits is forecasting its energy output will begin to expand, but the new production comes at the risk of lower profit margins.
Categories: NEWS: Business and Financial
Air China to Raise $820 Million
The carrier plans to use the proceeds from the share sale to supplement its working capital.
Categories: NEWS: Business and Financial
BP Seals $7 Billion Offshore Brazil Deal
The British oil giant agreed to acquire a big swath of oil assets from Devon Energy for $7 billion, in a deal that will vault BP into the hot new oil region off the shores of Brazil.
Categories: NEWS: Business and Financial
Caterpillar Joins 'Onshoring' Trend
Caterpillar is considering relocating some heavy-equipment overseas production to a new U.S. plant, part of a growing movement among manufacturers to bring more operations back home.
Categories: NEWS: Business and Financial