learningandfinance.com

Business

Wells Fargo Bank CEO Resigns Amid Sales Scandal

Sen. That means that, like Stumpf, Sloan profited from the touting of company sales goals in annual reports and investor calls , which boosted Wells Fargo's share price between 2010 and 2015. A bank cashier who steals $20 would be facing theft charges, but Wall St execs never hold themselves accountable. One senator on the banking committee noted that criticism of the Wells Fargo scandal was one of the few things that Democrats and Republicans had agreed on in a long time.

Business

FTSE closes just shy of record high as pound tumbles

However, in common currency terms, though, they have generally fared worse in the United Kingdom than elsewhere, reflecting lingering concerns about the upcoming Brexit talks, especially after Prime Minister Theresa May indicated that the United Kingdom would require full control over European Union immigration, leading to a 'hard Brexit '.

Business

FTSE 100 hits record high as pound weakens below $1.23

Given that little other United Kingdom data is out today, the Pound could well rise on the news due to amplified data impacts. That was taken by markets as raising the possibility of something slightly less harsh than a hard Brexit . Now, with quantitative easing and record-low interest rates underpinning debt prices, currency dealers are taking up the mantle. A weaker pound makes also United Kingdom exports more competitive and some companies have reported a pick-up in overseas sales ...

Business

Slater & Gordon faces class action from shareholders

Embattled legal firm Slater and Gordon says it will vigorously defend a class action brought by investors hit by its 2015 share price slump . Lead plaintiff in the class action, Matt Hall, said on Wednesday he relied on the repeated positive disclosures Slater & Gordon made to investors.

Business

Paid federal income tax annually since 1944: Warren Buffett

In Sunday night's town-hall debate, Donald Trump deflected questions about his taxes by claiming that Hillary Clinton's wealthy supporters had also avoided taxes by exploiting the law. "My deductions totaled United States dollars 5,477,694, of which allowable charitable contributions were USD 3,469,179". His views have led to the birth to the idea of a potential introduction of a " Buffett rule " in the USA, which would charge a minimum average rate of tax on very high income earners.

Business

AB Inbev and SABMiller shareholders approve takeover deal

Its price was also revised by AB InBev which adjusted the original offer of £44 to £45 per share following the fall in the value of pound post Brexit. The two largest shareholders, Altria and BevCo (who were treated as a separate class of shareholders and thus excluded from the vote) had already pledged their support for the merger.

Business

Samsung explosions boost Apple shares, Google poised for debut

Meanwhile, a Samsung spokeswoman has confirmed to TechCrunch that the company has stopped further production of Galaxy Note 7 units with customer safety as its top priority. Samsung faces a serious image problem in China, where customers and government-owned media have railed about Samsung's handling of its recall. "It will clearly be costly for the company but the alternative is to end up going the way of Nokia and Blackberry".

Business

Property curbs and China stocks go North

Iron ore and steel futures fell in China on Monday as investors sold them off after a week-long holiday amid ongoing government efforts to curb property purchases, a campaign that some are anxious may cool steel demand for construction projects.

Business

Backpage.com CEO charged with sex trafficking

Ferrer was arrested Thursday and his Dallas headquarters was raided after officials in California accused him of felony pimping a minor, pimping, and conspiracy to commit pimping . They were not yet in custody as of Friday, said Kristin Ford, spokeswoman for the California attorney general. Both are former owners of the Village Voice and the Phoenix New Times .

Business

Grandson orders pizza delivered to check on grandma after Hurricane Matthew

With no answer from the sheriff's office in that area, her grandson Eric chose to think outside the box. Instead, he chose to try an unconventional method to ensure that she was all right. Lance Tyler, the pizza deliveryman, told WFTV that Claire Olsen's expression "was just priceless" while speaking to her grandson . "Who can I call in a city where I know no one?'" "It was quite a surprise for me", Tyler told ABC News.

Business

Analysts Recommendations: NVIDIA Corporation (NASDAQ:NVDA)

The stock has received rating from many Reuters analysts. The company now has a P/E ratio of 43.77 and market cap is 35.64B. Finally, B. Riley reaffirmed a buy rating and set a $58.00 target price on shares of Nvidia Corp.in a research note on Wednesday, June 22nd.

Business

International Paper Company's (IP)

International Paper Company got Initiated on 22-Sep-16 where investment firm Goldman Initiated the stock to Neutral. Finally, Citigroup Inc. raised their price objective on International Paper from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 2nd.

Business

Oil ends lower on OPEC output hike; U.S. stockpile

According to the new report, Kazakhstan's oil supply, despite the start of production at the Kashagan field, is expected to decrease by 40,000 barrels per day (bpd) over the previous year to average 1.56 million bpd in 2016. "Once again, it reinforces that their deeds are not matching their words, and that they have a great deal of work cut out for them to try and come to an agreement that will satisfy anything", said John Kilduff, partner at energy hedge fund Again Capital in NY.

Business

Toxicology report finds PCP in system of police shooting victim

An unarmed black man shot dead by a white police officer after his auto broke down on a city street last month was high on the hallucinogenic drug PCP when he died, according to toxicology tests released by a medical examiner Tuesday. "The manner of death is classified as homicide", the report states. "Much will be made - by some - of the toxicology report", Daniel Smolen, the attorney for Crutcher's widow said in a statement .

Business

Elizabeth Warren on Wells Fargo CEO's resignation: 'He's one for three'

The San Francisco bank said Stumpf is retiring effective immediately and also relinquishing his title as chairman. Giving into pressure, Wells Fargo's board announced late on September 27 that Stumpf would forgo $41 million worth of promised compensations and that his salary would be suspended while it launched an investigation.

Business

UK, Finland-born economists win 2016 Nobel Prize for Economics

They have looked at complex problems like CEO pay and the privatisation of publicly owned businesses, and shown how contracts can be written to best incentivise the signatories. Mr Hart was awarded for his work on contract theory, which studies how contracts allow people to deal with conflicting interests, on Monday. The economics prize is the fifth of the six Nobel prizes to be announced this year.

Business

Next Weeks Broker Price Targets For Teck Resources Ltd (NYSE:TCK)

Teck Resources Limited closed its last trading session at $17.17 with the gain of 1.81%. The company now has an average rating of "Hold" and an average price target of C$18.59. Teck Resources Limited (NYSE:TCK) topped its 52-week high price of $19.08 on Sep 22, 2016 and 52-Week Low Price of $2.56 on Jan 13, 2016. The stock is now showing YTD performance of 0.71 Percent.

Business

Britain's May offers lawmakers some scrutiny of Brexit process

But she added: "I'm also very clear that the vote of the British people said that we should control the movement of people from the European Union into the United Kingdom, and unlike the right honourable gentleman [Corbyn] we believe we should deliver on what the British people want".

Business

Turn off your Galaxy Note 7 right now, Samsung says

They're also taking back and refunding or crediting for accessories designed for the phone. Samsung's retreat will prompt consumers to take a closer look at Google's phones." Samsung's meltdown is a big opportunity for Google to do far better with Pixel than it has with its previous Nexus devices", said Richard Windsor, analyst at Edison Investment Research.

Business

Snapchat Picks Morgan Stanley, Goldman To Lead IPO

The two investment bankers were notified of the selection early this week, says a report from Bloomberg . Snapchat's newly formed parent company Snap Inc . Wells Fargo chief John Stumpf to leave bank immediately. After its last round of funding, Snap now stands at $18 billion in terms of private market value.

Business

Toyota, Suzuki tying up in technology, ecology partnership

Both companies said that they had just begun exploring possibilities for a partnership, and added that they would continue to compete with each other and would be open to collaborating with other companies. Suzuki dominates the market in India through a majority share in Maruit Suzuki India, while Daihatsu is expanding in Indonesia and Malaysia through two different joint ventures.

Business

Top bankers warn of risk of 2017 exodus from Britain

In a recent speech , U.K. Prime Minister May raised fears the U.K. was headed for a " hard Brexit ", or clean break from the EU's single market, a more drastic separation than had been hoped for by those concerned it would hit the country's industry and economy.

Business

Wells Fargo chief John Stumpf resigns amid sales scandal

To squelch the fallout, the company quickly announced that by year's end it would be discontinuing the sales goals program imposed on employees that was pinned as a coercive by critics. Stumpf's retirement comes after 34 years at a bank that once was a darling on Wall Street because of its ability to churn out profits even as other banks struggled.

Business

Clinton reaching past Trump, as he denies report of assault

Clinton's campaign raised the curtain on her visit by releasing new ads in Spanish featuring prominent Nevada DREAMer Astrid Silva, who talks about the risks to her if Donald Trump is elected and makes good on his immigration campaign promises.

Business

NY bomb suspect faces court Thursday

Court officials said he will be arraigned at his hospital bed using videoconferencing software. Rahami was captured while carrying a handwritten journal that lauded Osama bin Laden and US-born Al-Qaeda recruiter Anwar al-Awlaki, and criticized U.S.

Business

Russia, Turkey Agree to Build Gas Pipeline Under Black Sea

But even more relevant that ties are being restored, Russian Federation will build Turkey's first nuclear power plant. Both countries are physically involved in the Syrian conflict: Russian Federation is conducting air strikes in the country in support of Syrian President Bashar Assad and against ISIS militants while Turkey is carrying out Operation Euphrates Shield in northern Syria against ISIS operatives along the Turkish border.

Business

Oil down 2% on mixed Russian response to OPEC

But the agency sees non-OPEC supply falling by 900,000 barrels per day this year before rising by 400,000 barrels a day in 2017. Analysts worry that production of USA shale oil, crimped this year by prices as low as almost US$26 a barrel, will begin to increase again if crude prices maintain their recent upward momentum.

Business

Maple Securities Usa Inc Exits Position in Union Pacific Corporation (UNP)

Union Pacific Corp . The business earned $4.77 billion during the quarter, compared to analyst estimates of $4.80 billion. Union Pacific Corp . Union Pacific Corp.'s revenue for the quarter was down 12.1% on a year-over-year basis. The Company owns approximately 26,060 miles and operates on the remainder pursuant to trackage rights or leases. The disclosure for this sale can be found here.

Business

Wells Fargo CEO John Stumpf to Step Down

About 5,300 lower-level employees were fired. Senator Elizabeth Warren, who has campaigned for stronger oversight of the U.S. financial sector, accused him of "gutless leadership" and calling on him to step aside. It isn't yet clear what was the final tipping point, but shortly after markets closed on Wednesday word came from the bank that Stumpf was out. So far the tab has been relatively small: Wells agreed to a US$190 million settlement last month, representing less than 1% of its annual ...

Business

Global Shares Remain Lower, Dollar Up After Fed Minutes

The dollar index , which measures the greenback against a basket of six major currencies, was down 0.2 per cent at 97.513. Asian stocks opened Wednesday shaky on risk aversion and the notion that Bearish contagion could infect European Union markets later during the day.

Business

Samsung offers financial incentives to stem Note 7 bleeding

As the Gear VR app is in Oculus' garden, it was up to the VR manufacturer and developer to turn off the Note 7 compatibility. Samsung, the world's largest smartphone maker by market share, said it was compelled to revise its estimates to reflect an estimated $2.3-billion loss from its decision to ditch the Galaxy Note 7.

Business

Clinton Says Trump 'Should Have Been Apologizing' at Debate

The national tracking poll was launched after Sunday night's second presidential debate , where Trump was pressed to explain his comments in a 2005 videotape about grabbing women's genitalia. According to a poll released Sunday by NBC, the Wall Street Journal and Marist, Clinton leads Trump 46% to 44% in the Sunshine State. Amy Fryzelka, a 37-year-old tutor from Kansas City, Missouri, said she thought Trump's comments were "horrible" but she believed his personal life would not ...

Business

President Zuma reaffirms support for Minister Gordhan

The organisation's director Mark Heywood says: "Reckless endangerment of the future of this country and it's reckless endangerment more importantly of millions of people who are vulnerable to deeper poverty, to job losses and to rising food prices".

Business

China's exports, imports fall in September on weak demand

Following the release of the data, a spokesman from the Customs Bureau said that the impact of currency movements were limited. Mr Evans-Pritchard said the result adds weight to the view that the Peoples' Bank of China will continue its current policy of pushing the renminbi down against a trade weighted basket of currencies.

Business

USA oil prices little changed, near 4-month peak

Analysts worry that if crude prices maintain their recent upward momentum, production of United States shale oil, crimped this year by prices as low as almost $26 a barrel, will begin to increase again. Oil has rallied more than 13 percent in less than two weeks since OPEC proposed its first production curbs in eight years. On Tuesday the International Energy Agency (IEA) said OPEC raised its production by 160,000 barrels per day in September to a record 33.64 million.


Begin ← Back 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 Forward → End