Education and entertainment come together in the new deal inked between LeapFrog (NYSE:LF) and Lions Gate (NYSE:LGF) to develop, produce and distribute four all-new animated movies to be released in DVD and digital by early 2014. Children will embark on new learning journeys along with the much loved characters Lead, Lily and Tad.
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Highlights of HSBC’s (NYSE:HBC) third-quarter result: Underlying pre-tax profit rose 125% year-on-year to $5 billion, driven by increased revenues in Global Banking and Markets and Commercial Banking and lower loan impairment charges mainly in North America; generated sustainable cost savings of $0.5 billion during the quarter, taking the total annualised savings to $3.1 billion. The results include an additional provision of $800 million relating to the US anti-money laundering, Bank Secrecy Act and Office of Foreign Assets Control investigations. Another $353 million has been provided for compensating UK customers in respect of mis-selling of Payment Protection Insurance. As at 30 September, the bank’s core Tier 1 capital ratio was 11.7%.
Lloyds (NYSE:LYG) may sell of its 60% stake in St James’s Place Wealth Management, Britain’s largest chain of financial advisers, according to a report in the Sunday Times. The shares may be offered to investors by the end of the year and could raise almost £1 billion.