Economy

Those accounts were opened by branch employees and managers in customers' names to meet sales targets. In reality, more than 2,500 employees had been fired those years, according to the report. The CFPB and OCC, as well as the LA Attorney's Office, fined Wells Fargo $ 185 million and found the problems reported by the LA Times were actually a nationwide issue for Wells Fargo .
  • United to compensate passengers on flight when man dragged off

    United to compensate passengers on flight when man dragged off

    Economy

    Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an IL state court on Wednesday to require the carrier to preserve video recordings and other evidence related to the incident. By Tuesday afternoon, nearly two days after the Sunday evening events, Munoz issued another apology . Dao's family is set to hold a press conference on Thursday with a legal team.
  • United Will Not Fire Employees Over David Dao Incident

    Economy

    In United's first-quarter earnings call this week, company executives again apologized to Dao and United customers. Last week, video of the passenger being forcibly removed from his seat on a Chicago-Louisville flight by police officers went viral on Chinese social media, becoming the hottest topic on Weibo with over 1 billion views and 360,000 comments.
  • Barkindo says OPEC, non-OPEC committed to restore market stability

    Barkindo says OPEC, non-OPEC committed to restore market stability

    Economy

    OPEC agreed in late November to cut its production by 1.2 million barrels a day for six months, the first reduction agreed to by the cartel since 2008. The agreement on output cuts will expire at the end of June, and OPEC will meet on May 25 in Vienna to discuss oil policy for the second half of the year.
  • Japan sees new era of cooperation with U.S.: minister

    Japan sees new era of cooperation with U.S.: minister

    Economy

    And there's a real urgency now that Japan is taking the lead on a TPP agreement and moving forward without the U.S. And while Trump has pulled his country out of TPP, he has not objected to the remaining 11 nations to carry on with the agreement.
  • Trump signs order for firms to 'Buy American, Hire American'

    Trump signs order for firms to 'Buy American, Hire American'

    Economy

    It was unclear whether the latest such order would yield immediate results. The "buy American" part of the executive order directs agencies to conduct a top-to-bottom performance review of the use of waivers. The order also targets NAFTA. Trump signed the order related to government agencies even though he built a global business empire before running for the White House in which he regularly outsourced the manufacture of dozens of consumer products to overseas locations.
  • Buffett's Berkshire, Chinese property portal Juwai.com team up

    Buffett's Berkshire, Chinese property portal Juwai.com team up

    Economy

    We will continue refining our global listing syndication program to bring the most value to our domestic franchisees based on worldwide buying activity and search patterns. "Because of its awesome success and integrity over the years, Berkshire Hathaway is a name that Chinese consumers trust", he added. Berkshire Hathaway HomeServices also launched a banner advertising campaign on Juwai.com to promote its brand, home page and listings to Juwai.com's audience.
  • UA CEO to visit China after dragged passenger incident

    UA CEO to visit China after dragged passenger incident

    Economy

    Munoz says he takes full responsibility "for making this right " after the "truly horrific" April 9 incident aboard a United Express plane in Chicago. In a recent interview with industry publication Corporate Counsel , Hawaiian Airlines chief legal officer Aaron Alter said that there are important lessons to be learned from the current crisis of reputation facing United .
  • North Korea's threat and the Japanese-American alliance

    Economy

    South Korea's acting president, Hwang Kyo-ahn, told a cabinet meeting on Tuesday that South Korea would strengthen its alliance with the United States and closely cooperate with China to rein in North Korea. Addressing 2,500 Japanese sailors aboard the USS Ronald Reagan, Pence said "readiness is key" to meet North Korean missile attacks. Neither the United States nor the South Korean government is able to identify what type of missile was involved.
  • Japan's exports, imports surge in sign of renewed vigor

    Japan's exports, imports surge in sign of renewed vigor

    Economy

    Japan's exports rose 12 per cent in March from a year earlier, marking the fourth straight month of gains due to strengthening global demand, Ministry of Finance data showed on Thursday. The 7.23 trillion yen ($66 billion) in exports and 6.61 trillion yen ($60 billion) in imports resulted in a trade surplus of 614.7 billion yen ($5.6 billion), down 17.5 percent from a year before.
  • British PM Theresa May calls general election

    Economy

    With just 13 votes against, this easily exceeded the two-thirds threshold needed for the government to be able to overrule legislation that had required elections to be held at regular five-year intervals, beginning in 2015. Despite Corbyn's bravado, his party is demoralized and divided under his left-wing leadership and is expected to fare badly. She dismissed Mr Corbyn as "simply not fit to lead" as she urged voters to give her a mandate to push through Brexit.