mobile

Wells Fargo sales scandal extends to brokerage unit: U.S. senators

Wells Fargo & Co fired hundreds of brokerage employees for improper sales practices, three U.S. senators said on Thursday, widening the scope of a scandal which the fourth-largest U.S. bank has so far characterized as a retail banking problem. In a letter to Wells Fargo Chief Executive Tim Sloan, Senators Elizabeth Warren, Ron Wyden and Robert Menendez questioned the bank's disclosures about those employees' dismissals in required regulatory filings.

Go here to see the original:
Wells Fargo sales scandal extends to brokerage unit: U.S. senators

mobile

Slowdown in orders, hiring curbs U.S. services sector growth

Other data on Thursday showed planned job cuts by U.S.-based employers dropped 31 percent to a five-month low last month. The mixed reports came a day after the Federal Reserve offered a fairly upbeat assessment of the economy and signaled it could raise interest rates next month.

Excerpt from: 
Slowdown in orders, hiring curbs U.S. services sector growth

mobile

AmEx raises 2016 profit forecast; shares up 5.8 percent

American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading. The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally. Analysts on …

Original post:
AmEx raises 2016 profit forecast; shares up 5.8 percent

mobile

Fed moves to quell charges of opacity, lack of diversity

The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for …

See the original post here: 
Fed moves to quell charges of opacity, lack of diversity

mobile

Tesla says self-driving hardware to be built into all its cars

By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to…

Originally posted here: 
Tesla says self-driving hardware to be built into all its cars

mobile

Yahoo, ACLU press U.S. to disclose secret surveillance orders

By Joseph Menn SAN FRANCISCO (Reuters) – Yahoo Inc on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users' incoming messages. Separately, the American Civil Liberties Union filed a motion before the U.S. Foreign Intelligence Surveillance Court asking it to release the Yahoo order and over 20 other significant rulings dating back more than a decade. Reuters …

Here is the original: 
Yahoo, ACLU press U.S. to disclose secret surveillance orders

mobile

Iran nuclear pact opponents lobby in U.S. against Boeing, Airbus deals

By Patricia Zengerle WASHINGTON (Reuters) – As the U.S. Treasury Department decides whether to license sales of Boeing Co and Airbus commercial aircraft to Iran, opponents of last year's nuclear pact with the Islamic republic have launched a lobbying campaign against the deals. The international agreement to curb Iran's nuclear program…

Originally posted here:
Iran nuclear pact opponents lobby in U.S. against Boeing, Airbus deals

mobile

Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. The United States is entering…

See the original post here: 
Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll

mobile

Wal-Mart says tech investments will boost online sales

By Nandita Bose FAYETTEVILLE, Ark. (Reuters) – Wal-Mart Stores Inc executives touted the technology investments the world's No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief Executive Officer Doug McMillon spoke about initiatives like online grocery pick up, the retailer's two-day shipping program and its mobile wallet, Wal-Mart Pay. Wal-Mart onlines

See more here: 
Wal-Mart says tech investments will boost online sales

mobile

Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months. Europe was also poised for a strong open, with financial spreadbetters expecting Britain's FTSE 100 to open up 0.9 percent, Germany's DAX to jump 1.1 percent, and France's CAC 40 to start the day 0.8 percent higher. U.S. new home sales data on Tuesday showed …

View original post here: 
Asian shares gain, dollar firm as US data soothes rate fears

Next Page »