Economy

Wells Fargo Knew About Fake Account Problem For 15 Years

As NPR reports, the bank now says it has "recovered more than $180 million in executive compensation over the scandal" - roughly the amount of total fines imposed on Wells Fargo by CFPB a year ago. "His commitment to them colored his response when sales-practice issues became more prominent in 2013 and subsequent years". However, many employees "left due to their concerns" over the scandal or because of the bank's stratospheric sales goals. Read More

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United passenger David Dao takes legal action over forceful removal

United passenger David Dao takes legal action over forceful removal

One passenger, a doctor who said he had patients to see, was removed by force. "What happened to my dad should never happen to any human being, regardless of circumstance", she says, and thanks the audience for their support. "Without a doubt. The airline has a right to control what happens on their planes", Rickman said. In an ABC interview on Wednesday, Muñoz apologized to Dao , his family, and the passengers aboard the flight. Read More

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FCA to investigate interest-only market

FCA to investigate interest-only market

He said: "Both we and the Government are keen to ensure that the financial services industry remains resilient and well placed to meet users' needs and thus make the most of opportunities in a post-Brexit world". In its annual business plan for the upcoming year, Britain's competition watchdog made dealing with the uncertainties surrounding the Brexit negotiations a priority. Read More

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Netflix Approaches To Hit 100 Million Subscribers

Netflix Approaches To Hit 100 Million Subscribers

The company will spend $6 billion in 2017 on content and another $1 billion on marketing. Still, even in a crowded space, Netflix has put itself in a position to build on its early lead. A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Revenue rose 35 per cent to $2.64 billion in the quarter. Read More

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Enterprise-ready 'Uber Central' arrives in India

Enterprise-ready 'Uber Central' arrives in India

For instance, a vehicle dealership might use Central to reduce the overhead of owning a private shuttle that is used only a few times a day to give customers rides. At the end of the ride, the rider gets out and goes about their day. Uber for Business charges a 10 percent premium applied to all rides taken. The company especially wants to make sure that businesses don't call a ride too far ahead of time and then force drivers to wait for their passengers to show up. Read More

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AkzoNobel plans to spin off Specialty Chemicals unit

AkzoNobel plans to spin off Specialty Chemicals unit

An additional €50 million expected cost savings is expected related to the separation of Specialty Chemicals. Elliott said it's prepared use the Dutch courts to ensure that shareholders have their say. Akzo Nobel has twice rejected approaches from its Pittsburgh-based rival, saying the latest proposal is too low and not worthy of discussion. "Now is the right time to create two focused, high-performing businesses", Mr Buechner said. Read More

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Chipotle Mexican Grill, Inc. (NYSE:CMG) MF Rank in the Spotlight

Chipotle Mexican Grill, Inc. (NYSE:CMG) MF Rank in the Spotlight

CMG has been the topic of several other reports. Maxim Group raised their price objective on Chipotle Mexican Grill from $390.00 to $430.00 and gave the stock a "hold" rating in a research report on Wednesday. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/04/19/exxonmobil-investment-management-inc-tx-sells-312-shares-of-chipotle-mexican-grill-inc-cmg.html. Read More

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China defends N. Korea trade after its trucks haul missiles

China defends N. Korea trade after its trucks haul missiles

The official briefed reporters on customary condition of anonymity after U.S. Vice President Mike Pence met Japanese Deputy Prime Minister Taro Aso in Tokyo to launch the U.S. When asked about his next move, he said, "You'll see". Pence reassured Prime Minister Shinzo Abe on Tuesday that the US considers its alliance with Japan to be a cornerstone of security in the region. Read More

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Pence in Japan: 'All options are on the table' regarding North Korea

Pence in Japan: 'All options are on the table' regarding North Korea

The U.S. military says an aircraft carrier participating in curtailed training with Australia before starting its journey north toward the Korean Peninsula. Later Monday, Pence reiterated in a joint statement alongside South Korean Acting President Hwang Kyo-ahn that " all options are on the table" to deal with threat and said any use of nuclear weapons by Pyongyang would be met with "an overwhelming and effective response". Read More

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EPA seeks to derail cleanup of coal power plant pollution

Maritza Lopez, a Superfund resident, held up a multipage list of medications she takes daily to show those gathered at the NAACP news conference the effects of contamination in the neighborhood she has long called home. The inspector general further said that the employee only received a conviction of 20 hours of community service, a $2,500 fine and a 21-day suspension. Read More

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Geopolitical risks cause surge in gold prices, transactions

Geopolitical risks cause surge in gold prices, transactions

United States gold futures were down 0.5 percent at $1,285.50. Gold prices in the global market have also been rising, as the USA military's bombardment of Afghanistan has fanned fears in the Middle East and the Korean Peninsula. Meanwhile, uncertainties over Trump's policy toward North Korea have been growing. "Gold is trading with an upward bias with the US$1,300 level just in sight". Read More

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Goldman Sachs profit misses estimates on trading weakness

Goldman Sachs profit misses estimates on trading weakness

They expect $5.38 EPS, up 50.19% or $2.7 from last year's $2.68 per share. After the early morning earnings report, shares had fallen more than 3 percent, reversing a premarket gain of more than 1 percent ahead of the announcement. Goldman said "significantly" lower net revenues from commodities and currencies offset "significantly" higher net revenues in mortgage products. Continued growth in loans and deposits helped the company earn higher revenues during the quarter. Read More

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Netflix nears 100 million subscribers

Netflix nears 100 million subscribers

Thomson Reuters had a consensus analyst price target of $151.85 before the report . "The company is likely to continue to experience quarter-to-quarter volatility, as both the pace of subscriber additions and the path to respectable profitability remains hard to determine", wrote Dougherty analyst Steven Frankel in a research note, maintaining his neutral rating. Read More

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'Unbreakable Kimmy Schmidt' parodies 'Lemonade' in new trailer

'Unbreakable Kimmy Schmidt' parodies 'Lemonade' in new trailer

Kimmy Schmidt returns to Netflix on Friday, May 13th! It's also pretty cool that she ends up at the same college as Xanthippe, who was noticeably absent for the majority of Season 2. All the while, she's finally getting a divorce from the Reverend ( Jon Hamm ). The whole thing looks aces, although we are a little concerned that Jane Krakowski's Jacqueline gets so little play. Read More

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United Nations court rejects Ukraine request to block rebel funding

United Nations court rejects Ukraine request to block rebel funding

The International Court of Justice ruled that Ukraine had not presented sufficient evidence on the question of whether Moscow knew or intended that any alleged funds collected would be used to commit terrorist acts on Ukrainian soil. Russia's takeover of Crimea brought East-West tensions to their highest point since the Cold War, and subsequent fighting in eastern Ukraine since has killed more than 10,000 people. Read More

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Trump to make China state visit, says top U.S. diplomat

Trump to make China state visit, says top U.S. diplomat

Protesters gather as the motorcade for President Donald Trump arrives at at the Trump International Golf Club, Saturday, April 8, 2017 , in West Palm Beach, Fla . If mishandled, disagreements over approaches to North Korea or bilateral trade could destabilize Northeast Asia or tank the global economy. Trump did raise his concerns on the issue with Xi. Read More

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United Airlines not to fire employees who dragged passenger

The head of United Airlines said no employees will lose their jobs in the wake of the passenger who was forcibly removed by aviation officers from a Chicago-to-Louisville flight, the Chicago Tribune reports . "No, there was never a consideration for firing an employee or anyone around it". United Airline's Image Takes Online Beating In Memes, Comments: Social media reaction to video footage of a passenger being dragged from a full flight Sunday night has been swift and merciless . Read More

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Erdogan slams criticism of disputed Turkey poll

But Turkey's main secularist opposition CHP said it will present its appeal for the annulment of Sunday's referendum boosting the powers of Erdogan to the High Electoral Board (YSK) on Tuesday, the party said in a statement . Critics have warned that passing the constitutional changes would be a serious blow to democracy and benefit Erdogan and his purge of political enemies including media that is critical of his rule. Read More

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New citizenship test: Here's what is changing

The Queensland MP past year argued for action on the 457 visa scheme, saying he wasn't afraid to stir things up if his colleagues failed to restrict the program. The existing visa programme for foreign workers includes 651 occupations out of which some 200 occupations are to be scrapped into new programme. The criteria requires employers to first attempt to find an Australian citizen or permanent resident for a job role. Read More

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EPA moves to block Obama's methane rule for oil and gas wells

The Washington Post in March detailed some plans for the EPA that were ordered by the Office of Management and Budget, including laying off 25 percent of its employees and ending 56 programs. "Since Administrator Pruitt plans to visit the area, he must also come to the Chicago EPA headquarters". CNN reported last week that 350 jobs went unfilled at the EPA under the Trump administration's hiring freeze, and no new positions could be created. Read More

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McDonald's drive-thru pit stop leads to Facebook killer

McDonald's drive-thru pit stop leads to Facebook killer

Steve Stephens' death marked a violent end to a almost 48-hour nationwide manhunt. He shot himself in the head as the auto spun out of control. According to CBC News, while Cleveland's mayor, Frank Jackson, spoke to the media about closure in the case, the city's police chief, Calvin Williams stated, "we would have preferred it had not ended this way", saying there were still many unanswered questions. Read More

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International Business Machines (IBM) Shares Cross Below 200 DMA

International Business Machines (IBM) Shares Cross Below 200 DMA

Intl Business Machines now has $160.32 billion valuation. The stock as of last trading session moved 23.12% up from its 52 week low and was -7.25% behind its 52 week high. Therefore 29% are positive. The IBM Fellow honor is conferred to IBMers in recognition of exceptional and sustained technical achievements and leadership in engineering, programming, services, science, technology, design and industry solutions. Read More

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OPEC Won't Commit To Extending Cuts As US Output Continues To Rise

OPEC Won't Commit To Extending Cuts As US Output Continues To Rise

Gasoline stocks also posted a counter-seasonal build of 1.4 million barrels. May West Texas Intermediate crude CLK7, -3.95% lost 15 cents, or 0.3%, at $52.26 a barrel on the New York Mercantile Exchange. Now the deal's participants must weigh whether another such agreement is worth it, given that any price increases would spur more US production. May natural gas NGK17, +1.53% traded at $3.205 per million British thermal units, up 6 cents, or 1.9%, ahead of the EIA's weekly update on ... Read More

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Knight Transportation (KNX) Lifted to Outperform at Robert W. Baird

Knight Transportation (KNX) Lifted to Outperform at Robert W. Baird

Baird upped the price target of Knight Transportation (NYSE:KNX) to $36.00 reporting a possible upside of 0.16%. Wells Fargo Downgrades the company's stock to Market Perform on 12/22/16 with no specific Price Target. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of USA & global copyright legislation. The legal version of this piece of content can be accessed at ... Read More

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