Economy

That year, 13 fired Wells Fargo bankers and tellers at a California branch "charged management with being aware of, encouraging and benefiting from their conduct" and wrote a letter to Stumpf , the report said. Mr Stumpf had already given back $41m in equity awards, while Ms Tolstedt forfeited $19m in equity and was forced out without severance pay. It's another example of how Wells Fargo executives repeatedly proved unable - or unwilling - to take the hard actions required to fix ...
  • Scorpion lands on the head of United Airlines passenger and stings him

    Economy

    If a crew member arrives less than 60 minutes before the doors close, tough luck. they have to take a later flight. If a passenger has to be bumped, that must happen prior to boarding. After the incident in Chicago, critics questioned why United didn't offer more when no passengers accepted the airline's $800 offer for volunteers to give up their seats.
  • Tesla's next trick will be an electric semi truck

    Economy

    Jerome Guillen, Tesla's vice president of programs, is leading the company's semitruck product. There is however a strong hint from Tesla's Master Plan that makes it reasonable to assume these trucks will be packaged with an autonomous driving platform.
  • State will benefit from free tuition for middle class students

    State will benefit from free tuition for middle class students

    Economy

    The plan proposes a tuition-free SUNY and CUNY education for students, actually increases SUNY and CUNY tuition for thousands of more students who do not qualify under the governor's plan, Skoufis maintained. Now it is a reality for about 940,000 families who are eligible for the scholarship program once it is fully implemented in 2019. On the contrary, those who are not eligible for the scholarship will probably pay more.
  • Apple receives permit to test self-driving cars on California roads

    Economy

    Late past year, Apple submitted a letter to the National Highway Traffic Safety Administration in which it said that it was " investing heavily in the study of machine learning and automation, and is excited about the potential of automated systems in many areas, including transportation ".
  • North Korean missile explodes on launch

    North Korean missile explodes on launch

    Economy

    Pacific Command is fully committed to working closely with our allies in the Republic of Korea and in Japan to maintain security", the military said in a statement Saturday evening. South Korea has a spotty record of tracking developments in North Korea, as information about the secretive, authoritarian state is often impossible to confirm.
  • Theresa May's Saudi Arabia balancing act

    Theresa May's Saudi Arabia balancing act

    Economy

    In this photo released by Saudi Press Agency, SPA, Saudi King Salman, right, receives British Prime Minister Theresa May, in Riyadh, Saudi Arabia, Wednesday, April 5, 2017. "Likewise in Saudi Arabia: we must never forget that intelligence we have received in the past from that country has saved potentially hundreds of lives in the UK".
  • USA drops bid to out anti-Trump Twitter account holder

    Economy

    In response, Twitter said it was dropping a federal lawsuit against the US government that challenged the request to unmask the users. "A time-honored tradition of pseudonymous free speech on matters of public moment runs deep in the political life of America".
  • United Airlines adds insult to injury for beaten passenger

    United Airlines adds insult to injury for beaten passenger

    Economy

    Airlines, eager to avoid a PR nightmare like what happened on United flight 3411, have quickly revised their passenger compensation policies, increasing the amount of money gate agents and supervisors are allowed to offer to passengers in the event of an overbooking.
  • There is still time to meet this year's tax deadline

    There is still time to meet this year's tax deadline

    Economy

    Timeliness is important: If you file your return late, the IRS can assess a failure-to-pay penalty worth up to 25% of your unpaid tax. You may file for an extension if you need more time. "E-file, use direct deposit and you're going to get your refund back in 21 days or less", he said. In Virginia, the average income per return ranged from less than $35,000 in Petersburg and Emporia to more than $130,000 in Falls Church and Goochland County.
  • United Airlines to preserve evidence related to forcibly removed passenger

    Economy

    David Dao, pauses as she speaks about her father as she sits with her lawyer Stephen Golan during a news conference. Video shows he was forcibly removed from the airline by heavy-handed Chicago Aviation Security police officers. If there aren't enough volunteers, airlines can pick passengers - on United, those who paid more for a ticket or fly frequently are less likely to be selected.
  • Most Recent Analysts Ratings Petroleo Brasileiro S.A. - Petrobras (PBR)

    Economy

    An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 7.7%. PBR generated revenue of $29.54 Billion in the same quarter, one year ago.