Economy

Monday's report backs up those employees' stories. The report described a pressure cooker sales operation in which reaching aggressive new account goals often overshadowed repeated complaints about employees' risky behavior. The board's report, which praised changes the bank has made since the sales scandal erupted, is unlikely to quell the bank's critics. Asked Monday if he should resign, Wells Fargo Chairman Stephen Sanger, who has been on the bank's board since 2003, defended the ...
  • Trump Moves to Stabilize the Obamacare Exchanges

    Economy

    Giving insurers greater flexibility to create low-premium plans that would appeal to healthy young adults. Now on his schedule: deciding whether to end the federal government's payments to insurers providing health care to low-income Americans under the Affordable Care Act.
  • Wells Fargo rehires about 1000 staff in wake of account scandal

    Economy

    Wells Fargo has announced that it was taking back US$75 million (AU$99 million) from ex-CEO John Stumpf and ex-community bank unit head Carrie Tolstedt. Stumpf - who had a long and warm professional relationship with Tolstedt and was inclined to trust her and let her manage on her own - was warned as early as 2012 about "numerous" customer and employee complaints about the company's sales tactics but ignored growing evidence that the problem was pervasive, the board said in its report.
  • Greece, lenders achieved results, but no full deal Friday - Eurogroup head

    Greece, lenders achieved results, but no full deal Friday - Eurogroup head

    Economy

    Greece is now part way through its third eurozone bailout programme, worth up to 86bn euros (£74bn). This agreement would then need the political backing of eurozone ministers, before Greece could get further loans. They need to decide how many years Greece will require to reach a budget primary surplus - the budget surplus before debt payments - of 3.5 percent of GDP after 2018.
  • Yogi waives loans of UP farmers

    Economy

    The state government has set up a maximum waiver limit of Rs 1 lakh per farmer on the loan amount. Singh said around 2.15 crore small and marginal farmers would benefit from the loan waiver. UP minister Siddhartha Nath Singh said this includes a loan amount of Rs 5,630 crore taken by about additional seven lakh farmers. The five-time Member of Parliament (MP), from Gorakhpur, Adityanath took charge as the CM after BJP's unprecedented win in the recently concluded Assembly elections in ...
  • Trump administration says no United States trading partners manipulate currency

    Trump administration says no United States trading partners manipulate currency

    Economy

    The Trump administration stopped short of branding China and Germany currency manipulators, despite having accused both countries of keeping their currencies artificially low to gain unfair advantage in trade with the U.S. All told, it put six trading partners on watch, along with Japan , Korea, Switzerland and Taiwan. The three are: a significant bilateral trade surplus with the USA; a material current account surplus; and the involvement in persistent one-sided intervention in the ...
  • The UBM Plc's (UBM) Buy Rating Reaffirmed at Shore Capital

    Economy

    Macquarie raised BT Group plc from an "underperform" rating to a "neutral" rating in a research note on Wednesday, January 25th. The firm earned "Buy" rating on Monday, August 31 by TH Capital. Deutsche Commercial Bank Ag reported 61,680 shares. Blackrock has 4,943 shares for 0% of their portfolio. Creative Planning holds 0% or 431 shares. Muzinich & has 0.02% invested in Equinix, Inc.
  • Dominion Midstream Partners (DM) Receiving Positive Media Coverage, Study Shows

    Economy

    Corporate insiders own 0.28% of the company's stock. About 21.83M shares traded or 15.63% up from the average. Southwestern Energy Company (NYSE:SWN) has declined 51.55% since September 8, 2016 and is downtrending. 134.82 million shares or 3.13% less from 139.16 million shares in 2016Q3 were reported. The firm has a 50-day moving average price of $49.62 and a 200-day moving average price of $39.27.
  • Harley-Davidson Inc (HOG) Position Increased by Fmr LLC

    Harley-Davidson Inc (HOG) Position Increased by Fmr LLC

    Economy

    Analysts set a 12-month price target of $49.5 a share. For Quarter Ending Jun-17 earnings estimates, 19 believe firm has $1.61 earnings per share. Harley-Davidson (NYSE: HOG ) has insider ownership of 0.99% and institutional ownership of 89.54%.
  • China seeks Russia's help to 'cool' N. Korea situation

    Economy

    State news agency KCNA said the Trump administration's "serious military hysteria" had reached a "dangerous phase which can no longer be overlooked". "We call on all parties to refrain from provoking and threatening each other, whether in words or actions, and not to let the situation get to an irreversible and unmanageable stage", Wang said.
  • Shaw Communications +5.1% as earnings show wireless strength

    Shaw Communications +5.1% as earnings show wireless strength

    Economy

    Shaw Communications Inc . added more wireless subscribers and lost fewer TV, Internet and landline customers than expected in its most recent quarter, sending its shares higher. Shares of Shaw Communications closed the previous trading session at 21.69 up +1.07 5.19% with 1,338,736 shares trading hands. Emerald Acquisition Ltd.