COMPANIES

HSBC Faces Record Fine for ill-advising the Elderly

HSBC
Europe's largest bank is facing a record fine of 10.5 million pounds ($16.4 million) for inappropriately advising over 2,000 elderly customers about bond investment between 2005 and 2010.The bank is also likely to pay another 29.3 million pounds in compensation to victims, according to Reuters.
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Coke Says Child's Death in China Not Linked to Product

Coca-Cola Co. defended on Friday the safety of its yogurt drinks sold in northern China, denying there was any link to the death of a child or the illness of three other people who had consumed the drinks, but said it removed the product from shelves in a precautionary move.
The MetLife building is seen in New York

MetLife sees 2012 growth, going back to Fed soon

MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its forecasts for the fourth quarter and full-year 2011 were below expectations.
Dell

Sell HP, Buy Dell: Analyst

Deutsche Bank continues to recommend investors to buy into Dell, Inc. (NASDAQ: DELL) and sell Hewlett-Packard, Co. (NYSE: HPQ), saying HP was expensive, compared to Dell on Enterprise Value (EV) and Free Cash Flow (FCF) metrics.
Shareholders arrive for the SAP group general shareholder assembly in Mannheim

SAP to buy SuccessFactors for $3.4 Billion

Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
Is Thrillist's Ben Lerer Silicon Alley's Original Rockstar?

New York Web: Is Thrillist’s Ben Lerer Silicon Alley’s Original Rockstar?

Rockstar entrepreneurs. That's what Internet startups are made of, and I'm sitting across from one of New York's first, Ben Lerer. Seven years ago, Lerer and his college friend Adam Rich started a men's lifestyle brand, Thrillist, born from an idea and $7 domain name. Fast-forward to today: Thrillist is reaching more than four million subscribers daily. It's an astounding number, especially for a city guide email, and Lerer, current CEO of Thrillist, looks back on the company's...
File photo of Lehman Brothers booth on the trading floor of the New York Stock Exchange

Bankrupt Lehman Brothers Close to Naming New Board: Report

Citing people familiar with the matter, The Wall Street Journal said the new Lehman board will be made up of seven experts in restructuring, real estate and derivatives but they don't have ties with Lehman. They'll reportedly oversee liquidation of billions of dollars in assets so that money can be dispensed among Lehman's many creditors.
GNH

Final MLR Rule Will Help Health Insurers Avoid Taxes

The Centers for Medicare and Medicaid Services issued its final rule on the minimum Medical Loss Ratio (MLR) regulation, including relatively minor technical adjustments and preserving the spirit of the regulation by requiring health plans to spend 80 to 85 percent of premiums on medical costs.
The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo

Findings on Olympus Corp. Scandal to be Released Tuesday: Report

An expert panel appointed by Japan's Olympus Corp. to look into an accounting scandal at the disgraced firm will release its findings on Tuesday, the Kyodo news agency said in a weekend report. The findings could pave the way for possible criminal complaints.
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Community gets syndication deal with Hulu

The network future of NBC's Community -- alarmingly absent from the midseason schedule that the network released last month -- might be up in the air, but digital-age couch potatoes are in luck.
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US judge dismisses non-U.S. claims against Toyota

Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker's mishandling of alleged unintended acceleration problems.
Olympus

Olympus Won't Get Extension of Reporting Deadline: Sources

Japanese regulators will not extend a deadline for Olympus to report its financial results, sources with knowledge of the matter said, leaving the scandal-hit company with less than two weeks to correct two decades of accounting and avoid delisting.
iPhone 4S

Apple iPhone 4S: Top 10 Reasons It's a Perfect Holiday Gift

Shopping for your friends and family would be easy if you could get them all an Apple iPhone this holiday season. After all, the iPhone 3GS is free with a new two-year contract, and you might even be able to get that deal by adding a new line to your existing contract.
us rail traffic

U.S. Rail Volume Post Continued Gains, Led by Sectors Including Automobile, Petroleum Products: AAR

U.S. rail traffic, a snapshot of the weekly economic well-being, continued to climb in late November. During the week ending Nov. 26, U.S. railroads originated 265,304 carloads, up 4 percent compared with the same week last year, while intermodal volume for the week totaled 190,866 trailers and containers, up 3.7 percent compared with the year-ago-period, the Association of American Railroads reported.
Enbridge gets first aboriginal partner for Gateway

Enbridge gets first aboriginal partner for Gateway

The Gitxsan First Nation said on Friday it has agreed to become the first aboriginal partner for Enbridge Inc's C$5.5 billion ($5.42 billion) Northern Gateway oil pipeline, one day after other native groups in British Columbia pledged to block the project.

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