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Economy

Incredibly, the judges who oversaw those cases were so appalled by what they saw that even they "made disparaging comments" about Wells Fargo's incentive system, according to the report . Tolstedt, an executive whose rise once paralleled Wells Fargo's own success, was singled out 142 times in the report. Stumpf, who retired under pressure from the scandal in October, was criticized for failing to grasp the gravity of the sales abuses and their impact on the bank.
  • Neil Gorsuch takes Supreme Court seat after divisive confirmation

    Neil Gorsuch takes Supreme Court seat after divisive confirmation

    Economy

    Gorsuch's wife, Louise, and his two daughters were present, said Supreme Court spokeswoman Kathy Arberg. Neil Gorsuch will officially become the 113th Justice of the US Supreme Court at 11:00am ET on April 10. Former leader Reid's use of the so-called "nuclear option" in 2013 meant the Senate could reinterpret its rules via a simple majority vote. And with the court's five-judge conservative bloc restored, it could rule in decidedly right-leaning fashion in upcoming cases pertaining to ...
  • Passenger dragged off overbooked United flight

    Passenger dragged off overbooked United flight

    Economy

    When none of them did, the airline told four passengers who were selected at random that they had to get off the plane. The airline had only recently been at the centre of another controversy, when a fortnight ago it refused to let two girls board because they were wearing leggings.
  • Security Officers Violently Drag Passenger Off Overbooked United Flight

    Security Officers Violently Drag Passenger Off Overbooked United Flight

    Economy

    According to United's "Contract of Carriage", or set of policies : "If a flight is oversold, no one may be denied boarding against his/her will until UA or other carrier personnel first ask for volunteers who will give up their reservations willingly in exchange for compensation as determined by UA".
  • Report faults Wells Fargo sales culture, former execs

    Report faults Wells Fargo sales culture, former execs

    Economy

    In last year's House testimony, Stumpf said, "I am fully accountable for all unethical sales practices in our retail banking business and I'm fully committed to fixing this issue, strengthening our culture, and taking the necessary steps and actions to restore our customers' trust".
  • Checking the Recommendations for Range Resources Corporation (RRC)

    Checking the Recommendations for Range Resources Corporation (RRC)

    Economy

    The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, RRC earned gross profit of 1.72 Billion, in 2015 895.62 Million gross profit, while in 2016 Range Resources Corporation (RRC ) produced 1.07 Billion profit.
  • BHP urged to spin off US oil assets

    Economy

    Elliott, which owns 4.1% of BHP, is also demanding that the group demerge its USA oil business and return more money to shareholders through shaking up its tax structure. Based on the value of the company being denominated in US dollars, the rally has taken the stock to just shy of a major resistance area. Shares of BHP Billiton Limited (NYSE:BHP) have earned a consensus rating of "Hold" from the seventeen brokerages that are covering the company.
  • Dechra Pharmaceuticals plc (DPH) Price Target Raised to GBX 1550

    Economy

    Numis Securities has "Buy" rating and GBX 275 target. The company was maintained on Tuesday, August 9 by Deutsche Bank. The firm has "Buy" rating given on Tuesday, December 6 by Peel Hunt. Bancshares Of Nova Scotia reported 32,800 shares or 0.01% of all its holdings. Valley Natl Advisers stated it has 1.42% of its portfolio in Hays plc (LON:HAS).
  • Syrian Refugee Heaps Praise on Trump After Airstrike

    Economy

    The Security Council was meeting in an emergency session to discuss the US actions in Syria that Russian Federation branded a "flagrant violation of global law and an act of aggression" against Syria . It's not clear what the next move will be for the U.S. US Secretary of State Rex Tillerson blames Russia's inaction for helping fuel a deadly poison attack against Syrian civilians last week .
  • Redskins preseason schedule revealed

    Redskins preseason schedule revealed

    Economy

    The regular season schedule is expected to be released at some point next week. Washington and Baltimore are common preseason opponents and will once again share the field in a preseason matchup at M&T Bank Stadium. During the 2016 season, Rodgers threw for 4,428 yards and 40 touchdowns to just seven interceptions while leading Green Bay to an NFC North title. The second preseason home game, against Kansas City, will be during the weekend of August 17-21.
  • Wells claws back $75 million from top execs in sales scandal

    Wells claws back $75 million from top execs in sales scandal

    Economy

    Zacks Investment Research raised Wells Fargo & Co from a "hold" rating to a "buy" rating and set a $63.00 price objective for the company in a research report on Thursday, December 29th. And up until this year, Wells Fargo management highlighted its so-called "cross-sell ratio", which is the number of accounts or other services a Wells Fargo customer typically had at the bank.
  • Pink diamond auctioned for record £57.2m in Hong Kong

    Pink diamond auctioned for record £57.2m in Hong Kong

    Economy

    In a quirk of auction history, the record price for the Pink Star is some $US12 million lower than the $US83 million offer Sotheby's adjudicated it for in 2013. The Oppenheimer Blue , previously held the highest record price for any diamond at auction. The Pink Star diamond became the most valuable jewel to be sold fetching $71.2m (£57.3m) at Sotheby's in Hong Kong .