The Traderszone Network

Media companies comprise the bulk of quarterly results this week, along with reports from smaller energy companies as earnings season begins to wind down.
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At Berkshire Hathaway’s annual meeting, Warren Buffett waxes poetic on recent controversies, and his diet
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A passion for exploration is the fuel to an innovative economy, says astrophysicist Neil deGrasse Tyson.

Detroit’s automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.     Over the past year, GM and Ford share prices have lagged the overall market, in spite of moves by those two companies to give more cash back to shareholders.     Optimists include Kurt McNeil, head of GM’s U.S. sales operations, who said Friday that the industry is on track to have its best sales year since 2006.

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Herve Falciani, a former HSBC (HSBA.L) employee who leaked information on the bank’s clients and tax situation, told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his “work was not done”. Falciani previously said that media leaks on HSBC accounts held in Switzerland, which unleashed a public storm around the British bank, were “only the tip of the iceberg”, and that tax authorities had access to a lot more data.

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In 1990, an assessment called Project Rainbow paved the way for HSBC (HSBA.L) to move from Hong Kong to Britain. As Europe’s biggest bank now considers moving back, the same exercise offers clues to its final decision, say industry sources and analysts. Project Rainbow assessed HSBC’s future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible with any future merger of HSBC and the Midland Group.

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A look at five component suppliers that won spots inside of the newly released Apple Watch.