Image (2) hsbc_headquarters2.jpg for post 305426

HSBC settles mortgage case for $550 million

Deal follows accusations that the bank fraudulently represented the quality of mortgage bonds it sold to Fannie Mae and Freddie Mac before the financial crisis.

Alibaba Group Holdings Ltd. and Founder Jack Ma As Company Files for U.S. Initial Public Offering of E-Commerce Giant

Alibaba and the kingdom of sumptuous stock grants

Over the last 15 months, Alibaba has been issuing absolutely gigantic, incredibly lucrative stock grants to employees and anointed outsiders.


GM slams the brakes on Corvette sales

Detroit car manufacturer has just issued two stop-sale orders for some 2015 models.