Business News
Wall Street pares losses on positive coronavirus news
Wall Street struggled for direction on Thursday as investors digested mixed earnings and developing news about the coronavirus outbreak emanating from China.
Year: 2020
Business News
Regulator charges ex-Wells Fargo executives for role in sales scandal
Wells Fargo & Co’s regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank’s sales practices scandal.
Business News
Wall Street hit by coronavirus concerns, weak earnings
U.S. stock indexes fell on Thursday, as mounting worries over a coronavirus outbreak in China and disappointing corporate earnings prompted investors to hit the brakes after a strong start to the year.
Business News
French investigators to move ahead with Ghosn prosecution over palace party
French prosecutors investigating a party that former Renault-Nissan boss Carlos Ghosn threw for his wife at the sumptuous Versailles palace will in the next few weeks ask judges to examine the case, bringing a prosecution a step closer.
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Gilead assessing Ebola drug as possible coronavirus treatment
Gilead Sciences Inc said on Thursday it was assessing whether its experimental Ebola treatment could be used to treat coronavirus infection. “Gilead is in active discussions with researchers and clinicians in the United States and China regarding the ongoing Wuhan coronavirus outbreak and the potential use of remdesivir as an investigational treatment,” a company spokesman said in an emailed statement. …read more […]
Business News
U.S. regulator to announce enforcement actions against former Wells Fargo executives: sources
One of Wells Fargo & Co’s top regulators plans to announce enforcement actions against as many as 10 individuals in relation to the bank’s sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters.
Business News
Ex-Wells Fargo executives face civil charges, multimillion-dollar fines from U.S. bank regulator
A U.S. bank regulator announced Thursday that several senior former Wells Fargo executives face potential lifetime industry bans and millions of dollars in civil penalties for their roles in the bank’s long-running sales practices scandal.
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FICO scores, the 'most important numbers in your financial life,' are about to change
Consumers who miss credit payments or amass more debt will see falling credit scores under new FICO standards. On-time payers will get a boost. …read more […]
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Mortgage Rates Slide Again and Head Toward All-Time Lows
Mortgage rates are lower this week and are closing in on record territory. …read more […]
Business News
Oil falls 3% as specter of China virus threatens fuel demand
Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories.
Business News
S&P Global places Boeing’s rating on credit watch negative
S&P Global Ratings on Thursday placed Boeing Co’s ‘A-‘ credit rating on ‘credit watch’ with negative implications, citing a rise in costs and cash outflows at the U.S. planemaker due to a further delay in the grounded 737 MAX’s recertification.
Business News
PES creditors fight to reject refinery sale to Hilco: court documents
Creditors of bankrupt Philadelphia Energy Solutions are opposing the sale of its oil refinery to Hilco Redevelopment Partners, saying another developer made a more lucrative bid for the site, according to court documents filed on Thursday.
Business News
Carlyle looking at ‘relatively cheap’ energy assets: Rubenstein
Fears about the future of energy assets have led to a sell-off, but this has created “very good opportunities” for the Carlyle Group, its founder, David Rubenstein, said on Thursday.
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7 Ways to Invest for Income
Income investors have choices. Investing for income is an appealing concept for investors of all kinds. Regardless of your age, strategy or portfolio value, income investing is an important area that should be at least a small part of how you allocate your money. …read more […]
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Here's Why I Think Zoetis (NYSE:ZTS) Is An Interesting Stock
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of… …read more […]