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Wells Fargo CEO Faces Calls to Resign on Capitol Hill

The Senate hearing largely focused on the bank's sales practice problems, which led to the opening of potentially 3.5 million accounts for customers without their knowledge. Despite the departures of Stumpf and Tolstedt, much of the bank's senior leadership has stayed in place. Regulators fined the the bank more than $180m over the practices previous year .

Business

Were Analysts Bearish MAN GROUP PLC ORD USD0.03428571 (LON:EMG) This Week?

Sainsbury J PLC has GBX 360 highest and GBX 155 lowest target. Citigroup maintained the shares of EMG in report on Wednesday, May 11 with "Sell" rating. The rating was maintained by BNP Paribas on Tuesday, November 17 with "Neutral". The stock of BP plc (LON:BP) has "Market Perform" rating given on Tuesday, July 25 by Raymond James.

Business

Leerink Swann Reiterates Outperform Rating for Sarepta Therapeutics, Inc. (SRPT)

C Worldwide Gru A S accumulated 121,528 shares or 0.06% of the stock. About 838,628 shares traded. It has underperformed by 93.09% the S&P500. Oppenheimer Holdings, Inc. Rock Springs Capital Mngmt LP invested in 0.35% or 205,000 shares. Accenture Plc (NYSE:ACN) was reduced too. Bb&T Secs Ltd Liability holds 293,158 shares.

Business

General Motors Company (NYSE:GM) Valuation According To Analysts

Raymond James upgraded Antero Resources Corp (NYSE:AR) on Tuesday, January 3 to "Strong Buy" rating. TRADEMARK VIOLATION WARNING: " General Motors Company (NYSE:GM) Holdings Trimmed by Systematic Financial Management LP" was originally posted by Equities Focus and is owned by of Equities Focus.

Business

Nearly 250 jobs to go as Britvic closes its Robinsons factory

About 350 jobs are at risk as a result of the changes. Unilever announced the move just hours after soft drinks firm Britvic said it was stopping production at the same site in Norfolk. There is also a shared steam room that supplies both factories. Britvic said it will transfer production of its Robinsons and Fruit Shoot brands from Norwich to its manufacturing sites in East London, to improve the efficiency and productivity of the company's manufacturing operations.

Business

Don't count on a pay rise 'for a while yet': RBA

However, the central bank also warned that slow growth in real wages and high levels of household debt were likely to hold down household spending. The dollar fell following the rate announcement, dropping below 78 U.S. "The higher exchange rate is expected to contribute to continued subdued price pressures in the economy", said Lowe. If the AUD continues to rise, it could result in a slower pick-up in economic activity and inflation than is now forecast by the Reserve Bank.

Business

Walmart acquires NY last-mile startup Parcel

This announcement is the latest delivery advancement from Walmart. Wal-Mart Stores Inc. bought Brooklyn, New York-based Parcel , Recode reports. Faust added that Walmart plans to leverage Parcel for last mile delivery to customers in New York City-including same-day delivery-for both general merchandise as well as fresh and frozen groceries from Walmart and Jet.

Business

Bank overdraft and ATM fees both hit record highs

Bankrate has a couple of suggestions for those looking to avoid high ATM fees in 2017. The average total cost of an out-of-network ATM withdrawal is now $4.69, up 2.6 percent from $4.57 a year ago. "Overdraft fees hit a new high after a slight dip previous year". Fees for using ATMs are not increasing due to the demand being so high. Banks hiking that fee previous year outnumbered those trimming it, by seven to one.The Consumer Financial Protection Bureau zeroed in on overdraft fees in a ...

Business

Warren Buffett Slams Trump Tax Plan

Pilot Flying J generates annual revenue of more than $20bn and was named the 15th largest private company in the United States by Forbes magazine. The deal that Berkshire Hathaway Inc . "So between his long-term mentality, the fact that he lets the businesses he buys alone to run the business, and of course the fact that he has an nearly unlimited source of capital - all those things were appealing to Pilot Flying J ".

Business

Comparable Company Analysis: Lexington Realty Trust (LXP), Concho Resources Inc. (CXO)

Vanguard Group Inc. lifted its stake in Vornado Realty Trust by 1.9% during the 1st quarter. It has underperformed by 44.21% the S&P500. Chartwell Investment Partners, LLC controls 438,669 shares worth $16,998,000. Private Company Na has 6,248 shares. 800 were reported by Assetmark. (NYSE:FR). Sumitomo Mitsui Hldgs reported 0% stake. Digital Realty Trust, Inc.'s sales for the past 5 years rolls at 15.10%, exhibiting an EPS growth from quarter-to-quarter at 89.10%.

Business

Coastway trains to and from Brighton hardest hit by guards' strike

They are about putting the safety and security of the travelling public before the profits of private companies, profits that in the most part are shipped overseas to subsidise transport services in Europe. RMT members will down tools in the on-going dispute about the introduction of driver-only operated trains and the role of the guard. But rail minister Paul Maynard accused the union of treating passengers like "pawns".

Business

Vijay Mallya arrested in London in money laundering case, released on bail

On September 15, sources had revealed that British investigators were probing Mallya in a case of money laundering from India to the United Kingdom by means of several companies before the money went on to Switzerland and other countries. The 57-page charge sheet or prosecution complaint, with voluminous annexures, was filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special anti-money laundering court in Mumbai.

Business

India's Ola to raise $2 bil. from SoftBank, Tencent

According to some sources, the funding round is not yet complete and the amount could change in the coming weeks. According to the publication, other investors include UC-RNT fund, a joint venture between Ratan Tata's RNT Associates and the University of California , and several USA institutional investors.

Business

Amit Shah announces padyatra, blames CPI(M) for Kerala violence

Javedkar attacking the ruling government in Kerela said that they were scared of the BJP's growing popularity and hence had started sponsored violence against its workers. "We will use democratic means to answer its violence", Javadekar said ahead of the Jan Raksha Yatra in Kerala . He also questioned human rights organisations for not talking about and protesting against the political killings in Kerala.

Business

Wells Fargo says rehires workers wrongly fired in accounts scandal

Wells Fargo & Company ( WFC ) is an interesting player in the Financial space, with a focus on Money Center Banks. In the most recent quarter, institutional ownership decreased by a net of 59.78 million shares, or 1.57%. It increased, as 62 investors sold BB&T Corporation shares while 256 reduced holdings. Moreover, Wealthtrust has 0% invested in VMware, Inc. Clifford Swan Counsel Ltd holds 709,051 shares.

Business

Goldman Sachs Group Inc (GS) Lowered to Strong Sell at Vetr Inc

State Street Corp increased its holdings in Goldman Sachs Group, Inc . The Goldman Sachs Group, Inc .'s ROA is rolling at 0.90%, following the ROI of 1.30%. Among 22 analysts covering Anthem Inc ( NYSE:ANTM ), 9 have Buy rating, 0 Sell and 13 Hold. 03/09/2016 - Group 1 Automotive, Inc. was upgraded to "hold" by analysts at Evercore ISI.

Business

Oracle's Ellison targets Amazon with new database technology

By the middle of next year, Ellison says, the Oracle 18c database will be added to the company's online transaction processing cloud service and the Oracle Express edition of the Oracle database. Oracle Corp. often frames its product strategy around the biggest competitive threat it faces, and now that rival is Amazon.com Inc. It will also be offered as part of the Oracle Platform for Open Banking.

Business

Equifax breach affected 8000 Canadians, cybersecurity report concludes

Former Equifax CEO Richard Smith, who announced his retirement last month, is expected to start testifying in front of Congress Tuesday. According to Bloomberg , the department is looking at sales by Equifax's CFO, John Gamble; president of United States information solutions, Joseph Loughran; and president of workforce solutions, Rodolfo Ploder.

Business

RCom, Aircel Call Off Their Mobile Business Merger Deal

Reliance Communications and Aircel call off their mobile business merger deal , which was inked a year ago in September. RCom also said that the lack of finance from banks has affected the industry due to heavy competition and central bank guidelines in the industry.

Business

Nissan faces $220m hit from Japanese recall

Nissan made 386,000 vehicles for the Japanese market in 2016. Approximately 34,000 vehicles including OEM cars will be subject to re-inspection. "We must take the registration framework and procedures seriously, regardless of how busy we may be or how short-staffed we may be", Saikawa told Reuters in a conference.

Business

Tesla's Model 3 sedan off to slow start

Including the Model 3, Tesla produced 25,336 vehicles, the vast majority of which were Model S and X vehicles. Tesla previously expected that regular customer deliveries were expected to begin in late October, and it's not clear if this timeline is being pushed back.

Business

ISM manufacturing index hits 13-year high in wake of hurricanes

Going into September, there was uncertainty related to Hurricane Harvey, which hit energy-producing regions of Texas on August 25 and stalled over the state for days. Optimism remained robust, despite falling to a four-month low. A separate Commerce Department reported showed construction spending in the US during August turned around, jumping 0.5% from the month before.

Business

Sisters suspends production at West Midlands plant following food safety breaches

Chicken portions returned by supermarket distribution centres being repackaged by 2 Sisters and sent out again to major grocers. We responded immediately by launching our own internal investigation at our West Bromwich plant and invited the Food Standards Agency (FSA ) to independently review our standards.

Business

GM vows more than 20 zero-emission electric vehicles by 2023

GM said it would use the underpinnings of the Chevrolet Bolt EV , introduced in the US late previous year, to offer two more EVs in its home market, declining to discuss details of the new models. The current version can get more than 50 miles on battery power alone before firing up its internal combustion engine for longer journeys. That in turn reduces cost as the battery system doesn't require as much power.

Business

How Tyson Foods, Inc. (TSN) Is Trading Compared to Moving Averages?

Tyson Foods , Inc. (NASDAQ: TSN ) posting a 7.64% after which it closed the day' session at $70.45 and sees an average of 2.57M shares trade hands in each session while it's while its relative trading volume is 2.55. The company said the projected savings will encompass three key areas in Tyson's prepared-food and chicken segments: supply chain, procurement and overhead.

Business

Poland Factory Growth At 5-Month High

Exports increasing Export business has increased and results are some of the best for six and a half years. "The euro-zone manufacturing boom kicked into an even higher gear in September", said Chris Williamson, chief economist at IHS Markit .

Business

NY bridge is demolished to make way for new one

New York Governor Andrew Cuomo officiated over the controlled implosions that took down sections of the old span of the bridge, leaving the new span intact amid blooms of dust clouds. The main expanse of the bridge was lowered onto a barge and removed in late July, New York Daily News reported, after the first part of the replacement bridge opened.

Business

NJ leaders react to Trump's tax overhaul plan

Still, a cut in the tax rate for Americans making a half-million dollars or more would drop by nearly 5 percentage points as the wealthiest sliver of the nation reaped tremendous benefits. "This much is clear: A couple falling well within the middle class by downstate standards-people, in most cases, living paycheck-to-paycheck in modest suburban homes-will realize much smaller savings than their counterparts in lower-cost, lower-taxed states across the country", he wrote .

Business

Tata bags record e-vehicle order

The company has released a statement announcing that it has won a contract to supply EVs to the state-owned Energy Efficiency Services Limited (EESL) following a bidding process. It also added, "The vehicles will be used by government departments and agencies for three to four years". The worldwide competitive tendering process was finalised on Friday and the electric vehicles will be procured in two phases.

Business

'I am sorry,' British PM May says of botched election

One of the Prime Minister's allies was last night reported to have accused Mr Johnson of posturing and using Brexit to boost his profile. He said Mr Johnson was appealing to "elderly" voters and "those elements of their personal conviction that he thinks are most likely to trigger support for him".

Business

New Uber CEO to meet London transport boss in license battle

The agency, Transport for London , cited what it called a lack of corporate responsibility as the reason for declining to renew Uber's license to operate a private-hire vehicle service in the city. Uber said its new chief executive was "looking forward" to the meeting in London and wanted to work with city authorities to "make things right".

Business

Government makes 'prudent' contingency plans in case Monarch Airlines cease operations

The Civil Aviation Authority (CAA), which is also involved in making contingency plans, will decide whether to grant a further extension to the airline's Atol at 4pm today. It is the second time in two years Monarch has been given a temporary extension to its licence. Monarch has held discussions with several airlines over possible rescue deals, including Easyjet and Wizz.

Business

Australia Index MSCI Ishares (EWA): Tracking the Indicators

More notable recent iShares MSCI Frontier 100 ETF (NYSEARCA:FM) news were published by: Seekingalpha.com which released: "A Quick And Dirty Problem For IShares MSCI Frontier 100 ETF" on March 03, 2014, also Marketwatch.com with their article: "31.30" published on September 24, 2012, Seekingalpha.com published: "An MSCI Frontier ETF Finally Arrives" on September 19, 2012.

Business

What Lies Ahead For Regions Financial Corporation (RF) And Alteryx, Inc. (AYX)?

Regions Financial Corporation's revenue was up 2.0% compared to the same quarter past year. 2,012 are held by Sun Life Financial. Eam Investors Llc holds 0.1% of its portfolio in Plug Power Inc for 296,988 shares. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright law. The correct version of this piece can be accessed at ...

Business

Flawless storm sinks global team at Presidents Cup

Another teammate, Justin Thomas , marveled at Mickelson's longevity, as illustrated by his 12 Presidents Cup appearances and his record 54 matches with 16 different partners. Kim hit a superb bunker on the par-3 10th, where the wind caused everyone fits, and Grillo made the par to get to within 2 down. "If it gets closed out early, it gets closed out early and maybe that's not so good for the tournament, but it is what it is".


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