HSBC Holdings PLC will have to wait until July end to find out if a U.S. judge allows the Madoff firm trustee to proceed with a $9 billion lawsuit accusing the bank of enabling the massive fraud.

The bank lawyers argued in Manhattan federal court that the law don’t allow trustee Irving Picard to bring the case of financial fraud and misconduct against HSBC.

From in.news.yahoo.com:

In all, the judge will be making decisions on challenges to five lawsuits filed by the trustee against banks amounting to nearly $100 billion.

Picard, the court-appointed trustee liquidating former financier Bernard Madoff’s firm after the collapse of his multibillion-dollar Ponzi scheme, last December accused HSBC of enabling the fraud. A Ponzi scheme is one in which old clients are paid with the money of new investors.

The trustee’s lawsuit, filed in U.S. Bankruptcy Court in New York, said the bank created, marketed and supported an international network of a dozen feeder funds based in Europe, the Caribbean, and Central America.

Madoff, 73, who was arrested in December 2008 and admitted orchestrating a decades-long fraud, is serving a 150 year-long prison term after pleading guilty to criminal charges in March 2009.

“I am going to spend a lot of time re-reading the papers,” U.S. District Judge Jed Rakoff said at the end of oral arguments. “I will commit to a written decision by the end of July.”

Tags: feeder funds, HSBC

In this YouTube video, you will find advice on how to market your business more effectively on the web. This marketing video will also help you gain insight on possible ways such as basic search marketing techniques and business-to-business social networking for attracting more customers online.

Tags: marketing techniques, marketing video, Social Networking, YouTube video

If your office, factory, or shop is prone to incidents of shoplifting and theft, safety convex mirrors can help you in more than just a way. Such convex mirrors help in identifying mischievous people and problematic areas so that timely action can be taken at the right time to protect loss of property and life.

Let us access more benefits of safety convex mirrors so that we can develop a clear and complete understanding about this complete value for money safety & security equipments.

Safety convex mirrors are commonly used at parking garage entrances, loading docks, petrochemical plants, auto dealerships, commercial sites, warehouses, hospitals, other high-risk collision places, shipping yards, retail stores, and food processing plants so that human injuries and stock damage can be avoided. One of the best things about these safety mirrors is that they leave no scope for distortion and hold good against extreme weather conditions besides being highly affordable and easily accessible on the Internet.

By preventing theft and burglary, these safety convex mirrors help a business in more than just a way. They are also beneficial in keeping a close eye and acting against trespassers and making sure that all employees are performing their assigned duties in the best possible ways. In addition to these workplace safety benefits, these safety convex mirrors are also used at blind driveways and winding roads, especially in areas with low or limited visibility, so that traffic can be managed effectively and occurrences of accidents can be prevented by providing a sharp-image and clear view to the vehicle drivers.

Tags: benefits of safety convex mirrors, convex mirrors, safety convex mirrors, safety mirrors

A laggard in the booming tablet market, Sony, has unveiled its first tablet computers in an ambitious attempt to grab second place in the market that is dominated by iPad of Apple.

Kunimasa Suzuki, deputy president of the consumer products and services group, told reporters in Tokyo on Tuesday that the new gadgets will use an operating system based on Android 3.0.

From in.finance.yahoo.com:

Suzuki raised eyebrows in January when he told reporters at the Consumer Electronics Show in Las Vegas in January that Sony was aiming for the No.2 spot in the tablet market behind Apple within a year, even though it had yet to put a product on the market.

The company has emphasised the need to differentiate its tablet from rivals, even if that takes time.

WSJ in its live blog says, the hall was filled with iPad users. So definitely Sony has an uphill task ahead of itself. In a market where every other technology major is launching a tablet, Sony has to come out with a new strategy to beat its rivals.

According to research firm Gartner, the sales of tablet devices are expected to quadruple to about 294 million units between 2011 and 2015, with almost half that made up by Android-based.

Tags: Consumer Electronics, iPad, Sony, tablet computers

Gov. Rick Snyder rolled out what he called $3-billion worth of actions on Thursday for helping businesses raise capital, boost exports and do more of their buying from in-state companies in an attempt to juice up Michigan’s still-soft economy.

Snyder announced half-dozen initiatives at the Detroit Regional Chamber’s annual policy conference that were bundled under the banner of Pure Michigan Business Connect.

From Freep.com:

New commitments include:

• A pledge of $2 billion in lending over four years from Ohio-based Huntington National Bank to Michigan commercial and small-business customers.

• A promise from DTE Energy and Consumers Energy, the state’s largest utilities, to boost purchases of goods and services from Michigan-based suppliers by $250 million during the next five years.

• The U.S. Export-Import Bank’s pledge to more than double the dollar value of its investment deals with Michigan-based small businesses to $187 million by 2015, up from $75 million in 2009. Ex-Im Bank also is planning a global-access forum in Michigan to help small businesses begin or expand exporting.

The announcement also covered a $100-million fund launched last week by Stage 2 Innovations for helping second-stage companies accelerate growth and commercialize innovative technologies.

Tags: business, innovative technologies, investment

TIG Global’s London office offers tips in this on how hotels can enhance their online presence internationally. The video offers sound advice on how to get going with online marketing. It features Claire Bell, client services manager, and Tatiana Likhacheva, web marketing analyst, explaining some of the international service offerings.

Tags: online marketing, online presence, Web Marketing, YouTube video

Brent crude oil fell below $115 a barrel on Monday and headed for its first monthly decline this year, as investors weighed the prospect that the debt crisis of Europe and a sputtering U.S. economy may slow demand.

The trading volume was kept at less than 5 percent in daily norm due to public holidays in the United States and the UK on Monday.

From in.finance.yahoo.com:

Brent crude slipped 35 or 0.3 percent cents to $114.54 a barrel by 2022 GMT, having held above the first technical support level of $114. Prices are down 9 percent for the month of May, the biggest decline since May of last year.

U.S. crude dropped 21 cents to $100.38 in late trading. The New York Mercantile Exchange will not issue a settlement price on Monday, with all trading registered for May 31.

“Trading volume is very thin with the UK and U.S. markets not in. The only factor that I can see is a slightly firmer U.S. dollar, which may put pressure on prices,” said Carsten Fritsch, analyst at Commerzbank.

Chairman of euro zone finance ministers, Jean-Claude Juncker, expressed optimism over further aid to Athens after meeting with French President Nicolas Sarkozy in Paris as the European Union raced to draft a second bailout package for Greece to avert the risk of a defult.

The euro eased on Monday while the dollar stabilized following a slide late last week.

Tags: Brent crude, debt crisis, New York Mercantile Exchange, trading volume

When it comes to making success fall at your feet, there is no better way than getting and staying motivated.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. – Alan Greenspan

You must be the change you wish to see in the world. – Mahatma Gandhi

Let’s be honest. There’s not a business anywhere that is without problems. Business is complicated and imperfect. Every business everywhere is staffed with imperfect human beings and exists by providing a product or service to other imperfect human beings. – Bob Parsons

You need to be aware of what others are doing, applaud their efforts, acknowledge their successes, and encourage them in their pursuits. When we all help one another, everybody wins. – Jim Stovall

The only way around is through. – Robert Frost

You only have to do a very few things right in your life so long as you don’t do too many things wrong. – Warren Buffett

The noblest search is the search for excellence – Lyndon B. Johnson

The man who does not work for the love of work but only for money is not likely to neither make money nor find much fun in life. – Charles M. Schwab

You must remain focused on your journey to greatness. – Les Brown

Far and away the best prize that life offers is the chance to work hard at work worth doing. – Theodore Roosevelt

Where there is an open mind, there will always be a frontier. – Charles F. Kettering

Tags: business, excellence, success