HSBC profits sag to $10 bln on bad debts, writedown

Europe’s biggest bank HSBC (HSBA.L: Quote, Profile, Research, Stock Buzz) met analysts’ forecasts with a 28 percent fall in its first-half profit, as a […]

Stagflation stifles Fed, ECB, BoE

The specter of stagflation will likely keep the U.S. Federal Reserve, the European Central Bank, and the Bank of England from changing short term […]

Yahoo board wins solid shareholder backing in vote

Yahoo Inc’s (YHOO.O: Quote, Profile, Research, Stock Buzz) board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry […]

Congress deadlocked on energy policy

Congress appeared deadlocked Wednesday on responding to the nation’s energy problems amid a bitterly partisan rift over whether to open long-restricted offshore waters to […]