Business

Business

With its 2018 tax cut, Wells Fargo could pay its $1 billion fine 3 times and still have

(c) 2018, The Washington Post. Federal regulators hit Wells Fargo with an eye-popping $1 billion civil penalty Friday after finding that the company had failed to catch problems in its auto and mortgage businesses over several years, cost customers millions of dollars and even wrongfully...


Business

Markets wrap: Stocks fall on tech selloff, bond slide deepens

(c) 2018, Bloomberg. (Bloomberg) -- U.S. stocks stumbled into the weekend, as renewed selling in technology shares overshadowed what has so far been a solid earnings season. Inflation concerns sent the dollar higher and Treasury yields topped 2.95 percent. Major American equity benchmarks fell at...


Business

Texas gains 8 rigs as US rig count rises to 1,013

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 1,013. At this time a year ago there were 857 active rigs. Houston oilfield services company Baker Hughes reported Friday that 820 rigs drilled for oil this week and 192 for gas. One was...


Business

Financial Markets Glance

Dow Jones Industrials High: 24,678.07 Low: 24,375.04 Close: 24,462.94 Change: —201.95 Other Indexes Standard&Poors 500 Index: 2670.14 —22.99 NYSE Index: 12,607.16 —64.32 Nasdaq Composite Index: 7146.13 —91.93 NYSE Amer Composite: 2582.42 —13.24 Russell 2000 Index: 1564.12 —9.70 Wilshire 5000...


Business

Slumping tech companies weigh on US stocks

Financial Markets Wall Street

A steep slide in technology companies weighed on U.S. stocks Friday, pulling the market lower for the second day in a row. Losses among retailers, packaged food and beverage makers and other consumer goods companies also helped weigh down the market. Banks rose as bond yields continued to climb,...


Business

A self-described 'troubled kid' changed first his life, and then event planning

(c) 2018, The Washington Post. WASHINGTON - You couldn’t make up a better tale about a wayward kid who makes good than Dan Berger’s story. Grows up in Israel. Moves to the United States at age 9 with his parents. Thrown into a strange school. Doesn’t speak the language. Doesn’t fit in. Plays on his...


Business

Weed dispensary comes to NYC's Fifth Avenue, just in time for 4/20

(c) 2018, Bloomberg. Weed - legal weed, that is - has come to midtown Manhattan.Cannabis retailer MedMen opened its first dispensary in the city Friday as part of a bold bet on growth in the state. MedMen, based in Los Angeles, paid $26 million last year to acquire a firm that held one of two...


Business

Tesla subcontractor's broken jaw triggered first of two probes

(c) 2018, Bloomberg. Days before Tesla Inc. defended its safety record this week, California began inspecting an incident involving a subcontractor who was hospitalized after a piece of factory equipment broke his jaw. California’s Division of Occupational Safety and Health was notified last week...


Business

NAFTA ministers to meet again as elections quicken pace

(c) 2018, Bloomberg. NAFTA talks will continue through the weekend before ministers regroup Tuesday, as negotiations take on new urgency while Mexico cautions nothing is imminent. Senior U.S., Canadian and Mexican officials met in Washington Friday, under pressure from looming elections to reach a...


Business

Pruitt reassigned lawmen as drivers, bodyguards in Oklahoma

EPA Pruitt Oklahoma

OKLAHOMA CITY (AP) — As Oklahoma’s attorney general, Scott Pruitt assigned investigations agents from his office to be his driver and bodyguard, at times taking them on his frequent trips out of state to speak to conservative political organizations, state records show. The newly obtained documents...


‹ Newer Older ›
×