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United Airlines mechanics ratify new contract

By Alana Wise NEW YORK (Reuters) – Union mechanics at United Continental Holdings Inc on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. The…

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United Airlines mechanics ratify new contract

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Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences,…

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Wells Fargo will pay $190 million to settle customer fraud case

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Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the…

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Wells Fargo will pay $190 million to settle customer fraud case

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The ‘what if’ spooking markets: policy success

Perhaps the biggest shock to world markets now would be if central banks met their inflation goals. After nearly 10 years of near zero or even negative interest rates and trillions of dollars in new

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The ‘what if’ spooking markets: policy success

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Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange. Zane Tackett, Director of Community & Product Development for Bitfinex, told Reuters on Wednesday that 119,756 bitcoin had been stolen from users' accounts and that the exchange had not yet decided how to address customer losses.

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Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

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Dean Foods’ Davis said he threw phone in creek to hinder FBI

By Nate Raymond NEW YORK (Reuters) – Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI …

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Dean Foods’ Davis said he threw phone in creek to hinder FBI

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Panama lawyer at center of data leak denounces attack on privacy

The head of a Panama-based law firm at the center of a massive leak of offshore financial data on Sunday denied any wrongdoing, and said his firm has fallen victim to “an international campaign against privacy”. German newspaper Suddeutsche Zeitung said it received a cache of 11.5 million leaked documents from the law firm's database, and …

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Panama lawyer at center of data leak denounces attack on privacy