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Wells Fargo Board Faults 'Aggressive Sales Culture' In Account Scandal

Wells Fargo admitted a year ago that it had fired 5,300 employees between 2011 and 2016 for opening fake accounts. While there is nothing wrong with operating a large company like Wells in a decentralized fashion, the report said, the structure backfired in this case by allowing Tolstedt and other executives to hide the problems in their organization from senior management and the board of directors.

Business

Goldman Sachs profit misses estimates on trading weakness

This division includes trading for fixed income, equities and other security-based products, a strong point at other banks this quarter. "The operating environment was mixed, with client activity challenged in certain market-making businesses...", Chief Executive Lloyd Blankfein said in a statement .

Business

Oil and natural gas leak from a well in Alaska

Throughout the weekend, workers had to contend with gusting winds and subfreezing temperatures while attempting to staunch the flow of oil and natural gas. The well that burst is in the Prudhoe Bay Oil Field, the largest oil field in North America. DEC is coordinating with BPXA and the Alaska Oil and Gas Conservation Commission to investigate the cause.

Business

Fox News Host Bill O'Reilly Takes Vacation Following Harassment Claims

According to Variety, the number of national ads on O'Reilly's show has dropped from an average of 33 in the month prior to the Times report to just seven on Friday. O'Reilly has said that he settled the lawsuit to "spare his children the pain of messy public ordeals" and that he was targeted because he is famous.

Business

Pence, headed to Japan, turns focus to trade

Japan has the second-largest goods surplus with the USA, making it a target for President Donald Trump. Before Pence's arrival, Aso told reporters the talks were meant to provide, "not friction, but cooperation". Singapore has said it will sign the TPP deal if there is consensus among the 11 countries. "So rather than 11 parties, it's important to discuss something that America can return to in the future".

Business

Turkey vote falls short of standards

Now they are preparing a report stating that the elections in Turkey passed in this or that way. Earlier, US State Department spokesman Mark Toner echoed the concerns raised by the OSCE, pointing to "observed irregularities" on voting day and "an uneven playing field" during the campaign.

Business

Mike Pence warns North Korea 'era of strategic patience over'

But Pence and Hwang said they were troubled by retaliatory economic moves by China against the deployment in South Korea of a US anti-missile system known as the Terminal High Altitude Area Defense (THAAD). In Beijing, Chinese Foreign Minister Wang Yi made a new appeal Tuesday for calm on the Korean Peninsula. "I've seen that the United States has reiterated it is willing to use political and diplomatic means to resolve this, as this is their first choice", he told reporters in Beijing.

Business

Pacers vs. Cavaliers: Empty possession late in Game 1 hurt Pacers

The idea was to get a stop. Yet whatever ultimately happens in the East and the West, the unbridled joy of the National Basketball Association postseason was shockingly derailed nearly before it began by the tragic news that Celtics guard Isaiah Thomas's 22-year-old sister Chyna was killed in a single-car accident early Saturday morning.

Business

Bank of America profits jump, helped by interest rates

Bank of America had been expected to report earnings per share of $0.35 on revenue of $21.65 billion, according to Bloomberg. According to an analysts' consensus compiled by Yahoo Finance, Goldman Sachs is forecast revenues of $8.45bn (£6.73bn) for the first quarter, up 33 per cent on past year.

Business

After Passenger Beating, People Want To Shun United

Delta Air Lines , in an internal memo obtained Friday by the Associated Press , said that gate agents can now offer up to $2,000, an increase from $800, and that supervisors can offer up to $9,950, from $1,350. It merely means that staff members will have to check in early enough that no passenger will be bumped off a plane after they've already boarded. "It is obvious from recent experiences that we need to do a much better job serving our customers", Munoz said in an April 17 ...

Business

An Equal Pay Day Mark Down Raises Awareness About Gender Pay Gap

Scott notes the pay gap is worse for women of color. April 4 is Equal Pay Day , the day that marks how long women, on average, have to work into 2017 to match what men earned in 2016. I introduced a bill to ensure that Virginia women receive equal pay for equal work in the General Assembly because I was dedicated to advocating for women's rights at the state level.

Business

North Korea shouldn't test Trump: Pence

Last week, Trump said he would not declare China a currency manipulator, pulling back from a campaign promise, saying that China has changed its ways, as he looked for help from Beijing, which is the North's dominant trade partner. On Sunday, Mr Trump wrote on Twitter that China was working with the USA on "the North Korea problem". But if they fail to do so, then the US and its allies will get the job done alone.

Business

Prince search warrants lay bare struggle with opioids

According to the search warrant , investigators were "made aware by witnesses that were interviewed, that Prince recently had a history of going through withdrawals, which are believed to be the result of the abuse of prescription medicine".

Business

We won't consider OSCE report on referendum: Erdogan

Global monitors said the move undermined safeguards against fraud. "We announce to the public that, until our objections receive a full response, the outcome of the referendum is not final", he concluded. The state of emergency, which was initiated after last year's failed coup attempt against Erdogan, was to expire April 19. Turkey's main opposition party on Monday announced that it would be seeking annulment of the referendum on constitutional reforms.

Business

Kushner in talks to sell real estate tech company

Wearing Kushner's trademake sunglasses and the flak jacket he wore while visiting Iraq, Fallon was welcomed into the Oval Office by Alec Baldwin's Trump, "Jared, you're such an inspiration."You have shown everybody that if you are born rich and marry my daughter, you can do anything you want".

Business

Vijay Mallya arrested in London

The court concluded the proceedings after a three-and-a-half-hour hearing during which the Centre contended that Mallya was mocking the Indian system after fleeing the country. Vijay Mallya, India's most-famous defaulter, has been arrested in London by Scotland Yard . He had left the country previous year on March 3 and was reportedly in United Kingdom since then.

Business

Court Documents Show Medications Found in Prince's Were Not Prescribed to Him

Prince , whose full name was Prince Rogers Nelson, died April 21, 2016 at the age of 57. Prescription opioids did not cause the death of Prince . Authorities have said neither foul play nor suicide is suspected. "His most recent contact before Dr. Schulenberg was various doctors his managers would set up for him before a show so that Prince could received a "B12 (vitamin) injection" to "feel better" before performing for a show", according to the unsealed records.

Business

The Aaron Hernandez double murder trial is nearly over

Alexander Bradley's cousin, Robert Lindsey, said Bradley called him on February 14, 2013, and told him that Hernandez had shot him in the eye a day earlier. Hernandez already is serving life in prison for the 2013 killing of semi-professional football player Odin Lloyd, who was dating the sister of Jenkins Hernandez.

Business

Prince's doc prescribed meds under friend's name: warrants

Prince , 57, was found dead at the complex on April 21, 2016. The documents also show the extent to which detectives went to track down the source of the synthetic fentanyl that an autopsy determined was the drug that killed Prince . A search of Prince's home found a number of pills in various containers. According to the documents , Prince was leery of cell phone usage after he believes he was hacked, and mostly communicated through email.

Business

Netflix, Inc. (NASDAQ:NFLX) To Release Earnings

Netflix, Inc . beat earnings estimates for the first quarter, but shares of the streaming media company took a hit in after-hours trading Monday after it reported weaker-than-expected new subscriptions for the period. Netflix planned to spend a billion dollars this year on marketing aimed at attracting members. By comparison, Google says about 1 billion hours of video per day are watched on its mostly free YouTube service.

Business

O'Reilly Factor' advertisers jump ship in blow to Fox News

The New York Times reported Saturday that O'Reilly and 21st Century Fox, the parent company for Fox News, had paid a combined $13 million to five women to keep them from pursuing litigation or speaking out publicly about accusations of against him.

Business

StatPro Group PLC 82.9% Potential Upside Indicated by N+1 Singer

They now have a GBX 600 ($7.45) target price on the stock. Separately, Beaufort Securities reissued a "speculative buy" rating on shares of Everyman Media Group PLC in a report on Tuesday, March 14th. BRAEMER RICHARD J also sold $253,500 worth of Toll Brothers Inc (NYSE:TOL) shares. Whitnell And accumulated 0% or 430 shares. Strs Ohio reported 0.16% stake.

Business

Morning tip: Wizards 'unstoppable' if this is Markieff Morris' NBA playoff form

Wall was just fine. Washington has not gotten past the Eastern Conference Semifinals since Wall came to the nation's capital in 2010. Porter got his hands on a pass from Dennis Schröder midway through the period, and Wall raced the other way.

Business

Pence, headed to Japan, turns focus to trade with key ally

He also said he would not discuss any bilateral free trade deal with Pence. The interview was one of several in the last week in which Trump has suggested China could win United States concessions on trade in exchange for action on North Korea.

Business

United Will No Longer Remove Passengers To Give Seats To Crew Members

During the removal, which grew into an embarrassing global episode, Dr Dao had two of his teeth knocked out, suffered a broken nose and a concussion and may require surgery, according to his lawyer. He said a lawsuit would be filed against the airlines soon. The treatment of Dao sparked worldwide outrage, as well as multiple apologies from the carrier, and raised questions about the overbooking policies of airlines.

Business

No ANC MP will vote with opposition against Zuma: Mantashe

The political party that led post-apartheid South Africa to freedom has governed in alliance with COSATU and the South African Communist Party, which has also recently called for his resignation. The ANC is allowed to fill those seats before the motion, according to parliamentary rules. The ultra-left EFF party said in a statement the Nkandla saga "renders him (Zuma) unfit to hold the high office of President".

Business

Canada on track to legalize recreational pot by July 2018

The bill does say, however, that it would be against the law to sell cannabis in a package, or with a label, that could be interpreted as being appealing to children and youth. Goodale, the public safety minister, warned that existing laws banning cannabis will remain in force until the new legislation is passed. In the United States, seven states allow recreational use of marijuana.

Business

Couple booted from United flight in Houston

He said they didn't think it would matter because the flight was half full with multiple empty rows". They said the flight was half full with multiple empty rows, so they chose to sit three rows up, assuming they were in the clear. Hohl said the couple complied, after asking for and being declined an upgrade, but the couple's version of events differs somewhat from the airline's.

Business

United won't remove seated passengers from overbooked flights anymore

United has weathered a string of negative headlines in recent weeks, the most high-profile of which was Chicago aviation officers hauling 69-year-old David Dao off a Louisville-bound flight April 9 while horrified passengers filmed the chaos.

Business

President Trump says North Korea has 'gotta behave'

As the bomber jacket-clad vice president was briefed near the military demarcation line, two North Korean soldiers watched from a short distance away, one taking multiple photographs of the American visitor. "The DPRK is ready to react to any mode of war desired by the Americans", Kim In Ryong told reporters at United Nations headquarters, using the acronym for North Korea's formal name, the Democratic People's Republic of Korea.

Business

Boston Marathon remains an inspiration for all who run

Aaron Forrest turns to his wife's camera during this weeks Boston Marathon. "Most people assumed that women could not run the marathon distance and if they tried they would hurt themselves". But a tailwind gusting up to 30 miles per hour could mean fast times, at least among the elite runners who would finish before the hottest part of the day.

Business

Oil well in Alaska shut down after oil spill - still spewing gas

On Friday, an oil spill occurred at a well on the frozen tundra of Alaska's North Slope near Prudhoe Bay, The Wall Street Journal. The Alaska Department of Conservation said on Monday that a team of workers had successfully stopped the leak.

Business

China's Bright to sell Weetabix to Post Holdings in $1.76 bln deal

The Shanghai-based majority stakeholder in Weetabix, Bright Food, agreed to sell the British firm after months of talks with interested parties, according to the Financial Times' coverage. Bright Food owns a 60 per cent stake, while Baring Private Equity Asia holds the remaining 40 per cent. The last available accounts show that Weetabix sales fell by 2pc to £346.4m while profits slumped by 13pc to £94.3m.

Business

Apple obtains permit to test self-driving cars

In October, Timothy D. Cook, Apple's chief executive, told investors, "We are always looking at new things, and the vehicle space in general is an area that it's clear that there are a lot of technologies that will either become available or will be able to revolutionize the auto experience".

Business

Sage Group (The) PLC reiterated as Underweight By Barclays Capital

The rating was maintained by Liberum Capital on Tuesday, February 7 with "Buy". The company now has a consensus rating of "Hold" and a consensus target price of GBX 325 ($4.04). Ajo Limited Partnership reported 0.74% of its portfolio in Prudential plc (LON:PRU). Next Financial Gru owns 235 shares or 0% of their USA portfolio.


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