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Exclusive: U.S. regulators reject Wells Fargo’s plan to repay customers – sources

U.S. regulators have rejected Wells Fargo & Co’s plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with the matter told Reuters.

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Call of the Day: Nike

Canaccord Genuity says the new ‘Just Do It’ campaign a ‘stroke of genius’ and a ‘significant sign of Nike’s strength and confidence in its position in the marketplace, one that likely does more good than harm.” …read more […]

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FCC pauses review of T-Mobile, Sprint merger

The Federal Communications Commission, which is reviewing the planned merger of T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), said on Tuesday it has paused its review clock to give the agency time to analyze new and anticipated submissions from the companies. The FCC said it was pausing the informal 180-day review clock, now at day 55, because of two new and complicated submissions from the companies and a third submission that the FCC has not yet received. A spokeswoman for T-Mobile said the company had no immediate comment. …read more […]

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Apple expected to unveil bigger, pricier iPhone on Wednesday

Apple is expected to unveil its biggest and most expensive iPhone on Wednesday as part of a lineup of three new models aimed at widening the product’s appeal amid slowing sales growth. Most of the buzz is swirling around a rumored iPhone that is supposed to boast a 6.5-inch OLED screen, up from 5.8 inches on the existing iPhone X. OLED is a step up from traditional LCD technology in offering a display without a backlight, so black is truly black rather than simply dark. If the speculation pans out, the even-bigger iPhone would represent Apple’s attempt to …read more […]