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Wells Fargo unit's leader departs with $125M after bank incurs record fine

Wells Fargo announced Tuesday it would eliminate product sales goals for retail bankers, one of several recent measures it has taken to try and get in front of a gathering public storm over the sales scandal. For decades, big banks sought to put tell...

Horizon breaks with M&A-shy specialty peers to snag Raptor

The overall goal of this transaction is to help Horizon expand their orphan business in Europe and other key global markets. With the purchase, Horizon acquires two orphan drugs; Procysbi , a treatment for nephropathic cystinosis and Quinsair ,...

Passengers Hit by British Airways Glitches and London City Protest

BA later said its systems were back online at bases including Heathrow and Gatwick, although check-in is taking longer than usual due to the backlog of flights. BA passenger Dana Al-Qatami claimed she had been issued with a handwritten boarding pas...

Hillary Clinton diagnosed with Pneumonia, is 'recovering nicely' doctor says

Lisa R. Bardack said in a statement on Sunday. She was reportedly diagnosed with the disease on Friday. Clinton later said she regretted applying that description to "half" of Trump's backers, but stuck by her assertion that the he has given a pla...

VW engineer pleads guilty in USA over diesel pollution scandal

The company addressed the suit: "To date, Volkswagen has agreed to buy back or modify affected 2.0L TDI vehicles, establish a $2.7 bn environmental remediation trust, for which Vermont is eligible to receive $17.8m, and invest $2bn for infrastructu...

Creditors Unanimously Rejected to Aid Hanjin Shipping

Shares in Hanjin Shipping have been suspended after plunging 24 per cent on Tuesday. Shares of Korean Air, the shipping company's largest shareholder, however, rose 6.87 percent to 31,100 won while Hanjin Kal rose 5.85 percent to 19,000 won compare...

Steps customers can take after Wells Fargo fallout

The bank opened more than 2 million deposit and credit card accounts that may not have been authorized, the CFPB said Thursday. The Consumer Financial Protection Bureau says since 2011, some Wells Fargo employees were secretly moving money arou...

Tim Cook: €13bn tax arrears 'political crap'

He goes on to say that Apple was not only the biggest corporate taxpayer in Ireland in 2014, but that it paid out $400m, "and that amount of money was based on the statutory Irish income tax rate of 12.5 percent". Vestager responded that "the figur...

General Electric Buys Shelton-Based Company

He added, "3-D printing or additive manufacturing will drive new levels of productivity for GE including a wide array of additive manufacturing customers, and for the industrial world". Arcam , founded in 1996 and based in Sweden near the city of Got...

PayPal, Mastercard Reach Deal on Store Payments

The agreement marks a step further in the tug-of-war between card issuers and online payment companies as they grapple with consumers' demands for instant forms of payment. There is also fierce competition from tech firms such as Apple Inc., and youn...

Oil prices rebound from sharp losses

NEW CRUDE GRADE ALMOST READY Separately, Iran could receive a major boost to oil production as it prepares to export a new crude oil grade, known as West Karoun. "Surely Iran at some point reached production capacity of slightly more than 4 million b...

Friday 10 pm Weather Forecast

Tropical Storm force winds can range from 39 miles per hour to 57 miles per hour. The National Weather Service is calling for a mostly cloudy Saturday , with slight chance of showers. Mostly sunny and warm, comfortable conditions are expected t...

US hiring slows to 151K jobs in August; Fed hike less likely

The U.S. economy added 151,000 jobs in August, less than many economists projected, and the unemployment rate did not move, staying at a historically low 4.9 percent for the third month. Like summer turning to fall, the hot U.S. jobs market is coolin...

Faced with crunch, Tesla plans to raise additional cash this year

Autopilot, as of 31 August, uses a combination of cameras, radar, ultrasonic sensors, and data to automatically steer down the highway, change lanes, and adjust speed in response to traffic, according to Tesla . American automotive and energy Storag...

Olympic gold for Yogeshwar Dutt? Maybe not

With both the gold and silver medallists in 60kg category testing positive for banned substance, Yogeshwar Dutt might be an Olympic gold medal victor! However, the United World Wrestling has not confirmed Toghrul Asgarov failing a dope test.

HHS ACT scores outpace state, nation

Of the students who took the ACT, 92 percent met the benchmark. Compared to the 387 Georgia high schools with ACT scores, some testing fewer than 100 students, McIntosh was 10th in the state, Starr's Mill was 11th in the state, Whitewater was 38th ...

Allardyce makes three changes in first England lineup

The former Sunderland boss has handed West Ham midfielder Michail Antonio a first worldwide call-up, but has stuck with Wayne Rooney as captain - who has said the 2018 World Cup in Russian Federation will be his last global tournament. In my opinion ...

Irish government to appeal against EC's Apple tax ruling

Some Irish voters are confused as to why their government would reject such an obvious tax windfall. Noonan said the retroactive nature of the European Union ruling was "little short of weird and outrageous". Apple CEO Tim Cook says last week's ru...

M20 closed after lorry crash causes footbridge collapse

Highways England is advising motorists caught up in the traffic chaos to stay with their vehicles as they will be allowed to u-turn shortly. A male motorcyclist aged in his 50s was taken to hospital in Tunbridge Wells with suspected broken ribs fol...

Joe Biden to rally for Hillary Clinton in OH today

Biden has spoken openly of his son's death as well as the time he spent in Iraq and has referred to war veterans as "the heart, soul and spine" of the nation. He also told OH voters in many stops throughout the day that Donald Trump just wasn't quali...

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Breaking News

U.S. growth hits 3-year low at 0.7% in Trump's 1st quarter

The slow-down in real GDP in the first quarter reflected a decrease in personal consumption expenditures, private inventory investment and in state and local government spending. "...

Physician who was dragged off flight settles with United

United Airlines and lawyers for the passenger seen on video being dragged from a United airliner in Chicago say the man has reached "an amicable settlement " with the airline. Wh...

Twitter has plans for 24/7 live streaming

Earlier this month, Twitter lost a bidding war to Amazon for the streaming rights of Thursday Night NFL games. For instance, the National Football League package got about 3.5 mil...

Trump tweets don't help: 1st Twitter revenue drop since IPO

Twitter's revenue , however, fell 7.8 per cent to $548.3 million (€503.6m) in the first quarter, its first drop since its initial public offering. Net loss narrowed to $61.6m, or ...

Tesla Model S loses top ranking from Consumer Reports

TSLA has a 1-year high price of $ 313.73 and 1-year low price of $178.19. Bernstein Initiates Coverage On the company's stock to Market Perform on 3/08/17 by setting a price targe...

FCC chairman to propose reversing 'net neutrality' rules

FCC chairman Ajit Pai's much-anticipated speech outlining next steps on net neutrality regulation drew immediate response from inside and outside the Beltway. We recognize that our...

Uber wants to launch 'flying cars' by 2020

Speaking on stage at conference in Dallas, Uber product chief Jeff Holden, who called flying cars "a natural next step" for Uber , said talks with Nasa and the Federal Aviat...

Triple talaq crippling lives of Muslim women: India PM Modi

Chief Minister Naveen Patnaik explained that he would not be meeting the PM because he was visiting the state for "political work". "We should take lessons from the prime ministe...

Unilever's first quarter sales top expectations

Unilever, who also owns Hellmann's mayo, rejected a surprise $143B takeover proposal from Kraft Heinz a couple of months ago citing "cultural differences". Distiller Pernod Ric...

United misses deadline to answer senators on dragging

Also this week, United Airlines and Chicago airport officials missed a deadline for answering questions from by key US senators about the dragging incident aboard a United Express...

Special Reports

York Region police arrest more than 100 men in child prostitution case

York Region police arrest more than 100 men in child prostitution case

Detective Sergeant Thai Truong of the human trafficking team said no girls were injured in the operation of online sexual services for girls aged 13-16. "Lol im 16 mr...i still hav...

Canadian engineering giant to buy Atkins for £2.1bn

Canadian engineering giant to buy Atkins for £2.1bn

WS Atkins shares were up 4.8% on Friday at 2,078.00 pence. It will acquire WS Atkins stock for 20.80 pounds per share in cash, subject to approval by shareholders, regulatory ...

OPEC slashes output in March, expects shale comeback

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria oil production is yet to climb to two million barrels per day. U.S. West Texas Intermediate ( WTI ) crude fu...

Trump to Sign Measures to Review Financial Regulation

Trump to Sign Measures to Review Financial Regulation

Trump is turning his attention to financial reform again as a top House Republican this week unveiled the latest version of legislation to replace Dodd-Frank, which was enacted in ...

$13 a pack? NYC mayor wants highest cigarette prices in US

His bills would increase the base price for all tobacco products; lower the number of tobacco retailers via attrition; create retail licenses for e-cigs and cap the number of outle...