- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
HSBC (NYSE:HBC) failed to identify and control money laundering within its operations and will apologize for the lapse at a Senate hearing next Tuesday. In an internal memo CEO Stuart Gulliver wrote “we failed to spot and deal with unacceptable behavior… It is right that we be held accountable and that we take responsibility for fixing what went wrong.” HSBC is also being investigated by the SEC and the Justice Department.
Navistar (NYSE:NAV) CEO Dan Ustian plans to grab the lion’s share of the huge market for Chinese school buses, estimated to be valued over $73 billion over the course of the next decade, with about 50,000 buses being bought every year by 2015.
Phase III trials of its dolutegravir HIV treatment are encouraging enough for Shionogi-ViiV Healthcare, a JV involving GSK, Pfizer (NYSE:PFE) and Shionogi, to suggest the drug might be more effective than Gilead’s (NASDAQ:GILD) and Bristol-Myers Squibb’s (NYSE:BMY) Atripla drug.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.