HONG KONG – HSBC Holdings, one of the biggest banks in Europe, said on Wednesday that it would sell its entire stake in a leading Chinese insurer to a Thai conglomerate for 72.7 billion Hong Kong dollars ($9.4 billion).HSBC said it would sell its 15.6 percent stake in Ping An Insurance, based in Shenzhen, China, to the Charoen Pokphand Group, controlled by the Thai billionaire Dhanin Chearavanont,...
The New Old Age Blog: For the Old, Less Sense of Whom to Trust
Label: HealthThere’s a reason so many older people fall for financial scams, new research suggests. They don’t respond as readily to visual cues that suggest a person might be untrustworthy, and their brains don’t send out as many warning signals that ignite a danger ahead gut response.The research, published Monday in the Proceedings of the National Academy of Sciences, is the first to show that older adults’...
The New Old Age Blog: For the Old, Less Sense of Whom to Trust
Label: LifestyleThere’s a reason so many older people fall for financial scams, new research suggests. They don’t respond as readily to visual cues that suggest a person might be untrustworthy, and their brains don’t send out as many warning signals that ignite a danger ahead gut response.The research, published Monday in the Proceedings of the National Academy of Sciences, is the first to show that older adults’...
Law Students in Austria Challenge Facebook Privacy Policy
Label: TechnologyBERLIN — An Austrian student group said Tuesday that it planned to challenge Facebook’s privacy policies in Irish court, alleging that the social networking giant had failed, despite repeated requests and formal complaints made by its members, to adapt to the restrictions of European data protection law. Herwig Prammer/ReutersMax Schrems, a student at the University of Vienna, said Facebook’s...
Typhoon Said to Have Killed Hundreds in Philippines
Label: WorldErik De Castro/ReutersResidents transported the body of victim in the southern Philippines on Wednesday. MANILA —Rescue teams were trying to reach isolated villages in the southern Philippines on Wednesday after a powerful out-of-season typhoon tore through the region, leaving more than 270 people dead, officials said. NASATyphoon Bopha moved toward the Philippines on Monday. ...
Dec
04
Generic Drug Makers Facing Squeeze on Revenue
Label: BusinessThey call it the patent cliff. Brand-name drug makers have feared it for years. And now the makers of generic drugs fear it, too. This year, more than 40 brand-name drugs — valued at $35 billion in annual sales — lost their patent protection, meaning that generic companies were permitted to make their own lower-priced versions of well-known drugs like Plavix, Lexapro and Seroquel...
The New Old Age Blog: On the Alert for Fraud
Label: HealthUnlike some forms of elder abuse, financial exploitation leaves no visible scars. It is under-reported and hard to prosecute. Adding to the tangled dynamics, the abuser is frequently a family member, increasing the victim’s humiliation and denial.Better by far to try to prevent financial abuse before it wipes out an older person’s assets and hopes for a secure retirement. Though this has proved easier...
The New Old Age Blog: On the Alert for Fraud
Label: LifestyleUnlike some forms of elder abuse, financial exploitation leaves no visible scars. It is under-reported and hard to prosecute. Adding to the tangled dynamics, the abuser is frequently a family member, increasing the victim’s humiliation and denial.Better by far to try to prevent financial abuse before it wipes out an older person’s assets and hopes for a secure retirement. Though this has proved easier...
Oracle Paying Next Year’s Dividends Now, at Low Tax Rate
Label: TechnologySAN FRANCISCO (Reuters) — Oracle said on Monday that it would pay more than $800 million in next year’s dividends to shareholders later this month, joining a growing number of companies accelerating such payments or declaring special dividends because of the possibility that income tax rates will rise in 2013. Dividend payments are taxed at a preferential rate of 15 percent, but taxes could...
Syrian Government Beset by Battles and Diplomatic Setbacks
Label: WorldNarciso Contreras/Associated PressA kitchen in a residence in Aleppo, Syria, damaged Sunday in fighting between Free Syrian Army fighters and government forces. BEIRUT, Lebanon — Fierce fighting on the battlefield and setbacks on the diplomatic front increased pressure on the embattled Syrian government on Monday as fresh signs emerged of a worsening battle for control of the capital. A senior...
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