Newspaper wrap-up: HSBC to take $3.4B in charges during Q3
Posted Nov 14th 2007 9:05AM by Eric Buscemi
Filed under: Newspapers, Magazines, Citigroup Inc. (C), NYSE Euronext (NYX)
.gif)
MAJOR PAPERS:
- Due to accelerating losses at its American consumer-lending unit, HSBC Holdings PLC (NYSE: HBC) said it would take $3.4B in charges during its Q3, the Wall Street Journal reported. Despite the charges, the company said its Q3 operating income was up compared with the prior year due to revenue growth in the group.
- NYSE Euronext Inc (NYSE: NYX) CEO John Thain is not on the first short list of candidates being considered for the Citigroup Incorporated (NYSE: C) CEO position, according to an inside source, the Financial Times reported.
OTHER PAPERS:
- Lululemon Athletica Inc (NASDAQ: LULU), a standout performer on Wall Street, is reportedly under fire for potentially false claims of its VitaSea clothing line, which the company says is made from seaweed fiber supplied by SeaCell. According to lab tests, the New York Times reported there was no significant difference in the mineral levels between regular cotton T-shirts and Lululemon's VitaSea fabric.
Tags: C, Citigroup, HBC, HSBC, HSBC Holdings, HsbcHoldings, John Thain, JohnThain, LULU, Lululemon, Lululemon Athletica, LululemonAthletica, NYSE, NYSE Euronext, NyseEuronext, NYX
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
