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Nearly 150K Wells Fargo accounts in Texas possibly affected

And the L.A. Times article about the scandal was published in December 21, 2013". Some former Wells Fargo workers were also present at the dramatic hearing. Rep. Carolyn Maloney, a New York Democrat, asked Stumpf about his personal sales of company shares at a time when she said he apparently had learned about the fake-account sales practices.

Business

US hedge fund to pay $200 million in African bribe case

US authorities had been investigating whether Och-Ziff violated the Foreign Corrupt Practices Act and was involved in paying bribes to officials in various African countries including Libya and Congo. In a deal expected to be announced on Thursday, the largest publicly traded U.S. hedge fund firm will enter a deferred-prosecution agreement with the U.S.

Business

Citizens Financial Group Inc. (CFG) Shares Sold by Cambiar Investors LLC

Now the company has earned "Buy" from 9 equity analysts. The stock appeared -51.66% below its 52-week highs and is up 13.1% for the last five trades. Earnings Surprise: According to the earnings report released for Quarter Ending Jun-16, The Company posted actual earnings of $0.46 per share whereas the Analysts projected earnings were $0.44 per share.

Business

US unemployment benefits applications up last week to 254000

Claims for the week ended September 17 were revised a bit lower to 251,000 from an earlier estimate of 252,000. The four-week moving average of new claims, which smoothes out volatility, fell 2,250 to 256,000. "We continue to expect that labor market conditions will strengthen somewhat further over time". Continuing claims fell to 2.062m in the week to 17 September from 2.108m the previous week, compared to forecasts of 2.129m.

Business

Article 50 will be triggered within months, says Johnson

I don't actually think you need to spend the full two years but let's see how we go. A Number 10 spokesman distanced Theresa May's Government from Boris Johnson's comments soon after they were broadcast. until you know what is its competence", Froman said in an interview in NY. Earlier this month, the two appeared to be split over Saudi Arabia's alleged war crimes in Yemen, with May pressing Saudi on the issue of human rights and Johnson insisting there was no evidence of war crimes.

Business

German government prepare Deutsche Bank rescue plan: Die Zeit

Shares of Germany's largest bank have been pushed lower, dropping to a record this week, after the US Justice Department earlier this month requested $14 billion to settle an investigation into residential mortgage-backed securities. German Chancellor Angela Merkel is kept her distance from the mess when asked about it at a news conference: "I only want to say that Deutsche Bank is a part of the German banking and financial sector".

Business

Florida Governor Issues Emergency Rule on Public Notice of Pollution Events

It also is common sense, and the Legislature should follow up next year by passing legislation to put the requirements into state law. The proposal would amend current law which only requires public notification when pollution moves off-site of where the incident took place and threatens public health.

Business

Technical Analysis on Earnings Estimates: Costco Wholesale Corporation (NASDAQ:COST)

COST is scheduled to report earnings tomorrow night. In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for Costco Wholesale Corporation as 36.81 Billion. Citigroup Inc. upped their price target on shares of Costco Wholesale Corp. from $155.00 to $172.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 16th.

Business

China court hears case over Tesla fatal crash

The California-based company stated that its Autopilot system introduced more than a year ago, which helps the vehicle change lanes, maintain proper speed and braking to avoid a collision, was not an entirely autonomous feature. This feature is important since it will ensure the safety of children and pets left in the auto. The renowned visionary also revealed in a separate tweet that his favorite new feature that comes with the update is the always-on temperature control functionality ...

Business

What we know about evening commute from Hoboken

Witnesses said the train overran its stopping point, slammed into a bumper block, went airborne and hurtled through a passenger concourse at about 8:45 a.m.at the terminal, one of the busiest transit hubs in the NY area. But it is not clear whether that would have made a difference either. Its station, one of the busiest in the metropolitan area, is used by many commuters traveling into Manhattan from New Jersey and further afield.

Business

Pipeline fixed, gas to return to normal in coming days

The news comes more than a week after Colonial officials announced a leak was found in the fuel supply line in Helena, Alabama. Drivers in major cities like Atlanta , Nashville, Tennessee and Raleigh, North Carolina , experienced shortages at retail stations over the weekend as reports of the pipeline outage spread to anxious gasoline consumers.

Business

OPEC reaches consensus on cutting output

Two sources in the Organization of the Petroleum Exporting Countries said the group would reduce output to 32.5 million barrels per day (bpd) from current production of 33.24 million bpd, by around half the amount of global oversupply. Brent crude, the global standard, slipped 10 cents to $49.14 a barrel in London . Hong Kong's Hang Seng rose 0.3 percent to 23,693.37 and the Shanghai Composite Index gained 0.4 percent to 3,000.45.

Business

Train crashes at New Jersey station; 1 dead, 74 hospitalized

Area hospitals report that 74 patients were being treated, including three who suffered traumatic injuries. Christie said he doesn't know exactly how fast the train was going when it struck the station, but the description of the speed was based on eyewitness accounts.

Business

Actor Mark Wahlberg hopes 'Deepwater Horizon' movie honors victims

Adam Weise was one of 11 workers killed when the rig exploded in the Gulf of Mexico in April. Although engaging, "Deepwater Horizon" ultimately offers a mixed bag of an experience. Deepwater Horizon is one of those movies that takes you by surprise - going in with low expectations to come out the other end completely blown away.

Business

Oil endures rollercoaster session as Opec signals willingness to cut output

The European oil and gas index was up 4 percent on Thursday and the pan-European STOXX 600 index rose 2 percent. Members of the Organization for the Petroleum Exporting Countries spent six hours in an Algiers conference center Wednesday night hashing out a proposal to raise oil prices by cutting production.

Business

Coast Guard calls off search for missing CT boater

The Coast Guard has called off the search for a CT native who went missing while on a fishing trip more than a week ago. His mother hasn't been found. Santos said he contacted the Coast Guard and the US attorneys office in CT and MA to let them know that whether “he needs a lawyer or not, ” Carman has an attorney who wants to be present before any interviews are done.

Business

Vermont man rescued from sea was suspect in grandfather's death

With new information surfacing, authorities are questioning Carman's account of what happened to his mother. "I don't know what to make of people being suspicious", Carman continued. Police said they believed they could find evidence in the son's house, including information about where he meant to fish, that would support a charge of "operating so as to endanger, resulting in death", according to the search warrant.

Business

Accenture revenue tops estimates on cloud services demand

Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of Accenture PLC in a research note on Tuesday, July 19th. Shares of Accenture Plc (NYSE:ACN) inclined 0.46% to $116.65. Also, insider Daniel T. London sold 3,686 shares of the business's stock in a transaction that occurred on Wednesday, July 20th. Following the sale, the insider now owns 11,544 shares in the company, valued at approximately $841,557.60.

Business

At least three dead, 75 injured after New Jersey train crash

A NJ Transit worker who was at the station said he heard an "explosion"-like sound as the lead auto, coming into the station fast, slammed into the bumper block". New Jersey Transit train inspector Rick Ciapplo, who was on the other side of the terminal when the crash occurred, does not think a break failure is to blame.

Business

Nate Parker unapologetic in '60 Minutes' interview

Hollywood filmmaker Nate Parker will not apologize for the rape case he became embroiled in at college 17 years ago because, he tells Anderson Cooper , he was falsely accused and then vindicated in court. "I think it's bigger than all of us". "I am 36 years old right now ... my faith is very important to me ... so looking back through that lens ... it's not the lens I had when I was 19 years old".

Business

Device at NJ train station explodes as robot tries to disarm it

Authorities have not declared a motive or connection behind the weekend's attacks. The blast came just two days after the pipe blast in New Jersey shore town, where thousands of people were due to participate in a charity 5km race to benefit Marines and sailors.

Business

Oil prices retreat as investors wait for clarity on OPEC deal

The preliminary deal will limit output from the Organization of the Petroleum Exporting Countries to between 32.5 million and 33 million barrels per day, he said. "So a sustained drop in oil prices has a more hard social impact on Saudi". That view is supported by the seemingly content Iranian oil minister. OPEC said each member's output cuts will be decided at its next formal meeting in November, when an invitation to join the deal could also be extended to other producers such as Russian ...

Business

Lawmakers grill Mylan CEO over EpiPen steep price increases

Bresch told the House Oversight and Government Reform Committee. Lawmakers repeatedly referred to Mylan MYL, +1.58% "jacking" up the EpiPen's price over the course of a combative two-hour hearing, asking Bresch to justify the price and rebuking her repeated assertions that the company collects only a small percentage of an over-$600 list price for an EpiPen two-pack.

Business

What does OPEC's tentative deal mean for oil?

OPEC estimates its current output at 33.24 million bpd. As one analyst rightly noted, Opec seemed to have been taking lessons from European Union summits. Crude oil prices meandered for most of the trading day Wednesday before ministers from the Organization of Petroleum Exporting Countries emerged from meetings in Algeria with an agreement to take extraordinary action meant to pull the market into balance.

Business

Russia aims to keep oil output around current level after OPEC deal

On the currency markets, the pound was down 0.2% against the U.S. dollar at 1.299 USA dollars as it continued to be depressed by comments from Minouche Shafik, a key member of the Bank of England's Monetary Policy Committee (MPC), who said on Thursday that further stimulus is likely to be needed as the United Kingdom stomachs a "sizeable economic shock" from the Brexit vote.

Business

Wells Fargo CEO faces lawmakers, apologizes again

Steve DiGregorio, Portfolio Manager at Canoe Financial says that amid the fake accounts scandal at Wells Fargo , he sees investing opportunity in the stock. Under a loophole in the tax code, companies can deduct unlimited amounts of executive pay from their federal income taxes, as long as it is so-called "performance-based" pay.

Business

Quarterly Sales Analysis of Chesapeake Energy Corporation (NYSE:CHK)

The corporation holds 499.38 million outstanding shares and its 499.34 million shares were floated in the market. As earning per share serves as an indicator for company's profitability, analyst have given their estimate trends for the next year with quarterly estimate of $0.34.

Business

Expert Analysts Perspective for Freeport-McMoran, Inc. (NYSE:FCX)

The stock is now holding above its 50-day SMA of $-11.24 and below its 200-day SMA of $10.97. The stock volatility for week was 4.15% while for month was 4.60%.The stock, as of last close, traded 209.94% to its 52 week low and was changed -22.87% from its 52 week high.

Business

Baseball roundup: Indians clinch AL Central by beating Tigers, 7-4

Mark Teixeira hit a tying homer in the ninth inning and Aaron Hicks added a game-winning blast as NY avoided a four-game sweep with a win over Toronto. Louis. In his 52 games and one start this year, McAllister owns a 3-2 record with a 3.58 ERA and a 1.47 WHIP in 50.1 innings. It was his first win since August 19.

Business

Train crashes into New Jersey station; injuries unclear

The New Jersey Transit train that crashed in Hoboken , killing one person and injuring more than 100 others, was not equipped with a technology that is created to slow speeding trains. The historic Hoboken terminal - built in 1907 - was the site of a PATH train crash on May 8, 2011 at 8:30 a.m . that left dozens injured. New York City Emergency Management called it a train derailment.

Business

Senators ask Yahoo CEO for details of hack investigation

The final outcome has the potential to be a watershed moment that could establish standards for breach reporting and hefty penalties for those who violate those standards. "They can say, 'It's not our fault, our insurance will take care of it'". "In order to prevent the actors from learning our detection methods, we do not share any details publicly about these attacks", wrote Yahoo chief information security officer Bob Lord at the time .

Business

Worth Watching Stock: ConAgra Foods, Inc. (NYSE:CAG)

Shares of ConAgra Foods (NYSE:CAG) opened at 43.13 on Thursday. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization.

Business

Oil flat after OPEC output cut deal as caution weighs

The decision became surprising and was assessed as a "strategy shift" for Riyadh, which earlier said it would reduce output to ease a global glut only if every other OPEC members and those outside the cartel followed suit. Brent oil for November delivery gained nearly 6 per cent to US$48.7 a barrel on Wednesday in London . The 14 members of OPEC in August combined to produce about 33.2 million bpd, meaning its cap at best would cut output by around 2 percent, or about 700,000 bpd.

Business

Stocks Fluctuate as Oil Prices Stabilize; Wells Fargo Under Scrutiny

Will it be Saudi Arabia? The OPEC officials met informally on the sidelines of an energy conference in Algiers . Interactive Investor head of equity strategy Lee Wild noted BP was one of its most actively traded stocks of the morning and that Shell had risen 5 per cent "as higher oil prices could save its generous dividend".

Business

Schulz says United Kingdom must leave European Union by early 2019

Speaking in NY where he has been attending the United Nations, the Foreign Secretary also argued that trading off access to the European single market with free movement of workers was "complete baloney". "As the Prime Minister has heard from big employers telling her they rely on the UK's full access to the single market, she will realise how high the stakes are for the United Kingdom economy".


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