Reuters: Hot Stocks: PRESS DIGEST - Financial Times - August 6

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PRESS DIGEST - Financial Times - August 6 Aug 6th 2013, 00:44 Mon Aug 5, 2013 8:44pm EDT Aug 6 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines HSBC FACES $1.6 BLN PAYOUT TO US OVER BAD MORTGAGES (link.reuters.com/qus22v) BP DENIES CLAIM OF GAS PRICE-FIXING AFTER 2008 HURRICANE (link.reuters.com/wus22v) CREDIT AGRICOLE STOCK JUMPS AFTER ACCIDENTAL RELEASE OF RESULTS (link.reuters.com/tus22v) HUB INTERNATIONAL TO BE SOLD IN $4.4 BLN PRIVATE EQUITY DEAL (link.reuters.com/zus22v) WASHINGTON POST SOLD TO BEZOS FOR $250 MLN (link.reuters.com/sus22v) Overview HSBC on Monday said it may have to pay $1.6 billion in damages to the U.S. government over bad mortgages, higher than originally forecast. A US regulator has accused a trading team at BP of manipulating gas prices in the aftermath of a 2008 hurricane by moving natural gas through a pipeline linking two Texas hubs. French bank Credit Agricole - accidentally - published better than expected quarterly results on its website on Monday, ahead of its scheduled results announcement on Tuesday. Private equity group Hellman & Friedman said it would pay $4.4 billion to buy Hub International from Apax Partners in the biggest ever takeover in the insurance broking industry. Amazon.com founder Jeff Bezos plans to buy the Washington Post for $250 million, ending an era of family control at the newspaper that struggled in an age of online media. (Reporting by Richa Naidu in Bangalore; Editing by Jijo Jacob) Link this Share this Digg this Email Reprints

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