Money

California punishes Wells Fargo with sweeping sanctions

California punishes Wells Fargo with sweeping sanctions

Wells Fargo also said Tuesday it would recoup $19 million from former executive Carrie Tolstedt , who was the head of Wells Fargo's retail banking and retired in July shortly before the scandal was fully brought to light. Stumpf is returning to Congress to testify Thursday before the House Financial Services Committee. "We are deeply concerned by these matters, and we are committed to ensuring that all aspects of the company's business are conducted with integrity, transparency and ... Read More

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National Coffee Day Freebies on Thursday!

Smoothie King : In celebration of National Coffee Day, the smoothie chain is offering a BOGO-free deal on its coffee high protein smoothies . Starbucks will not be giving away free coffee on National Coffee Day . Around the Country⑤ Peet's Coffee: Score a free medium drip coffee with the purchase of any fresh food item at participating locations. The chain will also donate a free cup of coffee to caregivers at health facilities and hospitals across the country when people ... Read More

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California wildfire in Sonoma County sends residents fleeing

The wildfire in unincorporated Sonoma County began Sunday morning, near Geysers and Geysers Resort roads, about 10 miles east of Cloverdale, Cal Fire spokeswoman Christina Barker said. "Our remaining plants at the Geysers continue to operate normally and our team is constantly assessing the situation and will take all steps necessary to ensure the safety of employees and the preservation of our facilities", Kerr said in an email. Read More

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Coast Guard releases phone call with rescued man

A week later, the Coast Guard suspended their search for the pair . Nathan Carman was rescued by a passing freighter Sunday after floating in a life raft in the Atlantic for a week. Nathan Carman, of Vernon, Vermont, was rescued Sunday. "When he was available, she tried to make time so she could spend time with him". Friends said Monday that they were still holding out hope that Linda Carman would be found safely, though the chances were growing slimmer. Read More

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Debate renews attention on Trump's tax returns

Debate renews attention on Trump's tax returns

Meyers noted that moderator Lester Holt did live fact-check Trump on his support for the War in Iraq, "But Trump held his ground and insisted the whole thing could be cleared up if someone could just call Sean Hannity". Under former chairman Ben Bernanke and current chairwoman Janet Yellen, the Fed has attracted controversy by pegging the short-term interest rate it controls to almost zero for seven years. Read More

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Dollar climbs against yen on Clinton's performance in TV debate

Clinton would be a safe pair of hands, that there's very little uncertainty there", said Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts. Oil prices gave back most of Monday's gains on fizzling hopes of an agreement to freeze output as the world's largest producers gathered in Algeria to discuss ways to tackle a glut that has battered prices for two years. Read More

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West Elm opening chain of boutique hotels

West Elm opening chain of boutique hotels

West Elm - the furniture store - is launching a hotel in Charlotte. We know you love West Elm , with their Commune collab being boho perfection not to mention our adoration for the best West Elm hacks around. Founded in 2014, DDK is a full service management company providing operations expertise and technical services for boutique hotel management and development. Read More

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Disney working with adviser on possible Twitter bid

Disney working with adviser on possible Twitter bid

One of the major sticking points for any possible Twitter acquirer including Disney, however, is the fact that a reasonable premium for the shares would put a deal for Twitter in the $20-billion range, and that's a lot of money to pay for a company that lost half a billion dollars past year and is showing little or no user growth. Read More

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Cauvery Dispute: Curfew lifted in Bengaluru; protests continue

Indian and foreign technology companies including global outsourcing firm Accenture closed offices and told staff to stay home in the technology hub of Bengaluru on Tuesday after riots over the diversion of water from a river. While the violence in Tamil Nadu has been minimal as compared to Karnataka, experts fear that local political parties may try and capitalise on the Cauvery crisis for political favour, especially with the upcoming local body elections later this year. Read More

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Oil climbs as Venezuela sees output deal, Libya suffers clashes

USA gasoline futures rose 2 per cent after data showed stocks of the motor fuel fell 3.2 million barrels nationwide, compared with analysts' expectations for a 567,000-barrel drop. U.S. West Texas Intermediate (WTI) crude futures were down 44 cents at $42.86/bbl. Returning supply from Libya and Nigeria will hamper a rebalancing of the global crude market, weighing on sentiment, traders said. Read More

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Cuomo headed to Buffalo, one day after corruption charges revealed

Despite the sordid allegations against his former aide and friend, Joseph Percoco, and Alain E. Kaloyeros, a state official whom Cuomo had repeatedly praised as a visionary, the governor makes only cameo appearances in the complaint. "It's the first time since we lost my father that I didn't mind him not being here yesterday, because it would have broken his heart", he said of the charges agains Percoco. Read More

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Cuomo promises massive security after bombing

The second device , found later inside a plastic bag on West 27th Street, appeared to be a pressure cooker with wiring and a cellphone attached to it, the official said. The official spoke on condition of anonymity because the person wasn't authorized to speak about an ongoing investigation. Ahmad Khan Rahami, a naturalized USA citizen from Afghanistan with an address in Elizabeth, New Jersey, should be considered armed and risky, New York City Mayor Bill de Blasio said in one of a ... Read More

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Yahoo says hackers stole info in 500 million user accounts

Tech news site Recode broke the news, citing sources who noted the breach to be "widespread and serious", with the likelihood of legal action and investigations led by the government. Yahoo has yet to comment but is said to be making an announcement later this week. That's because Recode said Yahoo's core business is the main place the hack occurred. Read More

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Here's What Pissed-Off Congressmen Said to Mylan's CEO

Here's What Pissed-Off Congressmen Said to Mylan's CEO

However, under questioning, Bresch acknowledged that she made $18 million a year ago. Rather, she said the company only received $200, to which Mr. Chaffetz again reaffirmed his disbelief. "About $18 million. Sounds like you're doing pretty well on this", Mica said. "I think that they will do whatever they can to make sure they have drugs available to millions of people around the country and around the world and they've done that". Read More

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US claims win in dispute with EU over aerospace subsidies

US claims win in dispute with EU over aerospace subsidies

The U.S. said subsidized financing to Airbus amounted to nearly $22 billion. "This is the largest trade ruling from WTO in history - and they have sided with USA manufacturers", Cantwell said. At the smaller end of the market segment there are other suppliers, and certainly the potential for more from China and Russian Federation, for example, in the future - which could well involve state subsidies that eventually end up in front of a WTO dispute settlement panel. Read More

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European Union hints at appeal against new WTO report on Airbus subsidies

European Union hints at appeal against new WTO report on Airbus subsidies

The Geneva-based trade adjudicator said that Airbus received subsidies for its new A350 XWB long-range plane, though it rejected the USA claim these were "prohibited subsidies" that have to be remedied expeditiously. "Today's historic ruling finally holds the European Union and Airbus to account for their flouting of global trade rules", said Dennis A. Muilenburg, Boeing's chairman, president and chief executive. Read More

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