HSBC Execs to TESTIFY and 1 Morning Hot Stock to Notice

Several HSBC (NYSE:HBC) officials, including legal chief Stuart Levey, who was once a top Treasury official on terrorism and finance, are expected to testify at a Senate Permanent Subcommittee hearing that will examine HSBC’s alleged role in a global money-laundering scam that its internal systems failed to identify and stop.

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Vivendi (VIVHY) Chairman Jean-Rene Fourtou admits he is actively looking for buyers for the company’s 61% stake in Activision (NASDAQ:ATVI); however, market reports suggest that buyers are not exactly queuing up for the stake, with Microsoft (NASDAQ:MSFT) and Disney (NYSE:DIS) having declined, and other likely suitors such as China’s Tencent and Japan’s Nexon not having the financial strength to pull it off.

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