HSBC became bank to drug cartels, pays big for lapses

(Reuters) - In February 2008, Mexican authorities told the CEO of HSBC Holdings Plc's Mexico unit that a local drug lord referred to the bank as the "place to launder money," U.S. prosecutors said on Tuesday, as they announced a record $1.92 billion settlement with the British bank. Lax money laundering controls at HSBC allowed two cartels - one each in Mexico and Colombia - to move $881...

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World Briefing | Asia: Chinese Leader Offers Policy Hints

The state news media confirmed Monday that Xi Jinping, the new Communist Party chief, visited Guangdong Province over the weekend, a trip first reported by Hong Kong news organizations. Mr. Xi chose Guangdong and the special economic zone of Shenzhen for his first tour outside of Beijing as party chief, signaling that he might favor more market-oriented economic policies. Xinhua, the state news agency,...

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Massive HP conference draws 10,000 attendees to ogle products, speakers, presentations

By Suzy HansenMore than 10,000 customers, partners and attendees flocked to the Hewlett-Packard Discover conference in Frankfurt, Germany, this week to learn about HP’s latest products, exchange ideas, swap business cards and basically examine whether HP can improve the way their companies are run. The event was held at Messe Frankfurt, one of the world’s largest trade exhibition sites.CEO Meg Whitman...

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Hayden Panettiere Splits with Scotty McKnight

12/10/2012 at 07:50 PM EST Hayden Panettiere and Scotty McKnight Splash News Online Is there a tear in her beer?Nashville star Hayden Panettiere has broken up with her boyfriend of more than a year, New York Jets wide receiver Scotty McKnight, a source confirms...

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Surprise: New insurance fee in health overhaul law

WASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed...

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Wall Street gets small lift from technology and McDonald's

NEW YORK (Reuters) - Stocks edged higher on Monday as technology shares bounced back after recent weakness and McDonald's posted strong monthly sales. Technology stocks were led by Hewlett-Packard Co , which climbed 2.6 percent to $14.16 on rumors that activist investor Carl Icahn is building a stake in the PC maker. The stock is down 44.5 percent for the year and ranks as the Dow's worst...

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Sunni Muslim and Alawite Militias Clash in Lebanon

Omar Ibrahim/ReutersLebanese gunmen fired in Tripoli as bodies arrived from Syria. TRIPOLI, Lebanon — Clashes between Sunni Muslim and Alawite militias have killed at least 17 people here recently in perhaps the worst spillover of violence from the civil war in neighboring Syria. Tripoli, which is Lebanon’s second-largest city and is close to the northern border with Syria, has long been...

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Ghana’s Mahama wins election – electoral body’s Facebook page

ACCRA (Reuters) – Ghana incumbent President John Dramani Mahama was elected to a new term with 50.7 percent of votes cast, according to results posted on the Electoral Commission‘s Facebook page on Sunday.It was not immediately possible to verify the results with an Electoral Commission official.Mahama, who became president in July after the death of ex-leader John Atta Mills, was facing top rival...

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Tim McGraw and Faith Hill Kick Off Special Series of Las Vegas Shows

By Mark Gray 12/09/2012 at 05:00 PM EST Tim McGraw and Faith Hill Denise Truscello/WireImage Tim McGraw and Faith Hill looked at each other, their hands on each others knees and shared a passionate kiss just after midnight Sunday morning. The moment was a long...

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Asian shares firm as China, U.S. data brighten outlook

SINGAPORE (Reuters) - Asian shares clambered to a 16-month high on Monday as investors took heart from economic data from China and the United States that raised hopes about the outlook for growth in the world's top two economies. The euro was under pressure, having been knocked by the prospect of a recession in Germany and political uncertainty in Italy after Prime Minister Mario Monti,...

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