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Economy

As my colleague James Rufus Koren reports, Wells Fargo has responded to the investigation by moving to take back more than $47 million in pay from Tolstedt and Stumpf . There were similar large-scale terminations for such conduct over the next decade, the report said, yet top executives repeatedly failed to look at what the root problem might be.
  • Mortgage price war ramps up with 0.89% deal

    Mortgage price war ramps up with 0.89% deal

    Economy

    A deal from the challenger bank Atom described by some as the UK's best-ever home loan - a five-year fixed-rate mortgage priced at 1.29% - attracted huge interest but was pulled on Wednesday evening after being available for just a week. He said: "Of course the rate isn't the only thing for borrowers to consider and the fee is a substantial £1495 so does need to be factored in". "The cost of funding has fallen in recent weeks and as a financially strong building society with no external ...
  • Starbucks barista loses it over unicorn frappuccino mania

    Starbucks barista loses it over unicorn frappuccino mania

    Economy

    So, like any true journalist I was curious and made a decision to try it. One of those night happened to be Easter Sunday, so after a fun-filled day of eating too much at my parents' house, I loaded my over-sugared children into the van and headed home.
  • May says June election result 'not certain' despite front-runner status

    Economy

    The Conservatives have had a commanding lead over Labour for months, but a new YouGov poll for The Times on Thursday put them on 48%, double Labour's showing of 24%. If you want a soft Brexit, then - though May is said to intensely dislike the term - you should vote Conservative, or least for a Conservative candidate who is not a fully paid-up member of the swivel-eyed brigade.
  • Huge Majority Of UK Lawmakers Back June 8 Early Election

    Huge Majority Of UK Lawmakers Back June 8 Early Election

    Economy

    It was a bold and likely successful move, given the state of the opposition in Britain. The Conservatives now hold 330 of the 650 seats. The hotly contested "Brexit" referendum ended with the resignation of then-Prime Minister David Cameron .
  • Russian Federation denies it is moving troops close to North Korea

    Economy

    The U.N.'s most powerful body demanded an immediate end to the North's nuclear and missile tests and threatened to take "further significant measures" - U.N. The exercise "serves as an invaluable opportunity for US and ROKAF forces to train together shoulder-to-shoulder and sharpen tactical skills vital to the defense and security of the Korean Peninsula", said Lt.
  • India still to receive copy of Jadhav judgment

    Economy

    The request was turned down. But the request for meeting Mr Jadhav was turned down. India has sought consular access to Jadhav 13 times earlier, but the permission was refused each time. Meanwhile, the Lahore High Court Bar Association on Friday said it would take action against any lawyer who offered to defended Jadhav. According to Pakistani media reports, the new dossier prepared by the neighbouring country consists of Jadhav's video confession and the statements given by him in the ...
  • Reynolds American Inc. (RAI), Tesla Motors, Inc. (TSLA)

    Reynolds American Inc. (RAI), Tesla Motors, Inc. (TSLA)

    Economy

    Goldman Sachs recently downgraded Tesla stock to sell and cut its price target as it sees Model 3 deliveries getting pushed to next year. Tesla shares fell 1.3% on the news, but recovered slightly to be down just under 1% at $US302.51 when the market closed.
  • Global stocks mixed after United Kingdom announces snap election

    Global stocks mixed after United Kingdom announces snap election

    Economy

    May called for the election on Tuesday, sending the pound over 2% higher on the day. "For dollar/yen, the main focus will be on what kind of pressure the United States could apply on Japan as basically US trade policy is linked with a policy for a weaker dollar", said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.