China’s ICBC Buys Fortis U.S. Unit for $1

Industrial & Commercial Bank of China, the Asian country’s largest lender, bought a U.S. unit of Fortis Securities for $1.

ICBC is the world’s largest bank by market value and is 70% owned by the Chinese government, The Wall Street Journal said. ICBC bought the unit from France’s BNP Paribas (BNPQY).

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The unit is small, with 75 existing customers and a balance sheet of $10…

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China’s ICBC Buys Fortis U.S. Unit for $1 originally appeared on DailyFinance on Mon, 01 Nov 2010 08:30:00.

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Iconic Pontiac Brand Says Farewell

Sunday was the end of the road for General Motors’ Pontiac. While the brand struggled in its later years, the success of its iconic muscle cars during its heyday will remain etched in the annals of American automotive history.
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Facebook Says Data Broker Was Buying User Info

Facebook said that a data broker has been buying information on users from application developers.

Certain Facebook apps were sending users’ Facebook ID numbers to third-party marketing or data firms, violating the site’s privacy policies, The Wall Street Journal said. Companies can use an ID number to look up a user’s name and other information.

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Facebook said it has put some…

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Facebook Says Data Broker Was Buying User Info originally appeared on DailyFinance on Mon, 01 Nov 2010 07:13:00.

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