HSBC Profits Dive on Charges to Cover Possible Fines

A One-Year Ban on Hyundai/Kia Sales

Source: thinkstockHyundai and car manufacturing stablemate Kia overstated the miles per gallon estimates for about 900,000 cars and light trucks they sold in the United States. The companies apologized. The question now is what the federal and state governments should do to the two companies for the transgression. Outside possible government sanctions, the companies are [...]
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HSBC Profits Dive on Charges to Cover Possible Fines

Posted: November 5, 2012 at 7:23 am

HSBC Holdings PLC (NYSE: HBC) reported third-quarter 2012 earnings this morning in London. The banking and financial services firm posted adjusted earnings per share (EPS) of $0.13 on revenues of ...
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Greek Prime Minister Pushes for “Final” Austerity Measures

Posted: November 5, 2012 at 7:16 am

Greek Prime Minister Antonis Samaras says that Greece could be ousted the eurozone if the debt-laden country’s parliament fails to approve a new round of austerity measures. The parliament is ...
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Toyota Going Strong Despite Slump in China

Posted: November 5, 2012 at 6:58 am

Toyota Motor Corp. (NYSE: TM) continues to do well financially, as shown by its fiscal first-half figures, which cover the period ended September 30. On a consolidated basis, net revenues ...
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Fiscal Cliff, European Finance Top G-20 Concerns

Posted: November 5, 2012 at 6:48 am

Media reports from the Group of 20 summit indicate that two issues have dominated the meeting -- the effects of the U.S. fiscal cliff and Europe's troubled economy and financial ...
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Gasoline Prices Fall Rapidly

Posted: November 5, 2012 at 6:43 am

Despite concerns that Hurricane Sandy might have hurt gasoline supplies and closed some refineries, gas prices continue to fall, and fall rapidly. According to AAA Fuel Gauge data, the national ...
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What’s Important in the Financial World (11/5/2012)

Posted: November 5, 2012 at 6:33 am

Toyota Going Strong Toyota Motor Corp. (NYSE: TM) continues to do well financially, as shown by its fiscal first-half figures, which cover the period ended September 30. On a consolidated ...
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Another Jump in Spain’s Unemployment

Posted: November 5, 2012 at 6:10 am

Spain's Ministry of Employment and Social Security released data showing that unemployment rose 2.7% in October, which translated into a jobless count of "4.833.521 personas." If the figures are accurate, ...
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A One-Year Ban on Hyundai/Kia Sales

Posted: November 5, 2012 at 6:09 am

Hyundai and car manufacturing stablemate Kia overstated the miles per gallon estimates for about 900,000 cars and light trucks they sold in the United States. The companies apologized. The question ...
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Media Digest (11/5/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: November 5, 2012 at 6:08 am

G-20 ministers say they worry about the fiscal cliff and Europe's debt issues. (Reuters) Toyota Motor Corp. (NYSE: TM) raises its profit forecasts but says its trouble in China was significant. ...
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Is Apple Falling Behind in the Tablet Market?

Posted: November 5, 2012 at 6:07 am

New data from research firm IDC indicates that Apple Inc. (NASDAQ: AAPL) has started to lose its stranglehold on the tablet market, at least based on third-quarter global data. It ...
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24/7 Wall St. Closing Bell — November 2, 2012: Markets Open Higher, Sink Later (UBS, GM, GES, EXC, DF, RATE, CHK, FLR, GDOT, LVS, PCLN, SBUX, YELP, CVX, HES, MHP, OZM, RL, AWR, BPI, ETR, ROK, SLW, SO, SYY, TSLA, TWC, RIG, TRLG, BGFV, RH)

Posted: November 2, 2012 at 4:03 pm

U.S. equity markets opened higher this morning following the report on U.S. non-farm payrolls and the U.S. unemployment rate. Payrolls rose by 171,000, better than expected, and the unemployment rate ...
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