July 24 — European stocks fell to a four-week low after disappointing earnings from the largest U.S. mortgage lender pushed financial shares lower and the U.K.’s worst floods in 60 years weighed on retailers. HSBC Holdings Plc, BNP Paribas SA and Axa SA paced declines by banks and insurers after Countrywide Financial […]
Combined third-quarter profits for HSBC USA and HSBC Finance Corp. fell 15.5 percent, as a tight profit margin, lower banking fees, higher operating expenses and higher loan losses offset growth in the company’s bank branch network, commercial lending, retail mortgage and credit card divisions.
The two U.S. units of HSBC Holdings Plc reported total profit before […]
November 23, 2005 — Eight senior executives of embattled retailer Saks Inc., including the chief executive and two directors, have dumped more than $37 million of the company’s stock in recent days, according to regulatory filings. The insider sales by a broad swath of Saks’ management team, coming days after the company reported […]
March 2, 2005
WASHINGTON (Reuters) - Costco Wholesale Corp. , the largest U.S. warehouse club, posted quarterly earnings and sales just below estimates on Wednesday, sending its stock 2.7 percent lower in premarket trading. — end of quote –
Household - HSBC Watch, a watchdog organization, said Costco managed to disappoint even though profits were up. […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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