Wells Fargo Fined for Fraudulently Opening Accounts for Customers
Photo Wells Fargo employees opened roughly 1.5 million bank accounts and applied for 565,000 credit cards that may not have been authorized by their customers, regulators said. Credit Eric Thayer/Bloomberg For years, Wells Fargo employees secretly issued credit cards without a customer’s consent. They created fake email accounts to sign up customers for online banking services. They set up sham accounts that customers learned about only after they started accumulating f..>> view originalU.S. health regulator plans 'thorough' probe of St. Jude case
The ticker and trading information for St. Jude Medical is displayed where the stock is traded on the floor of the NYSE Thomson Reuters By Jim Finkle (Reuters) - The U.S. Food and Drug Administration plans a "thorough investigation" of allegations about vulnerabilities in cardiac devices made by St. Jude Medical Inc, the agency's official responsible for cyber security said on Thursday. The FDA began its investigation in late August after short-selling firm Muddy ..>> view originalGerman exports fall in July after global demand weakens
Image copyright Getty Images German exports fell sharply in July, posting their steepest drop in nearly a year, after the country's goods saw lower global demand.Seasonally adjusted exports fell 2.6% compared with the month before, the biggest monthly drop since August 2015.The figures from Destatis followed economic data that painted a gloomy picture for German manufacturing.Industrial orders barely rose in July and output fell the most in nearly two years.Germany's economy is powered by i..>> view originalHere's How Dell Technologies Will Contend With Amazon in Cloud
Dell Technologies, now officially a company with an estimated $74 billion in annual revenue, wants to be a presence in cloud but will not take on market leader Amazon amzn directly in the public cloud game. Instead it hopes to play above, around, and in between Amazon Web Services and other IT deployment models. As Michael Dell, chief executive of the new, converged company, told Fortune on Wednesday, business customers need options. “It’s about private cloud and cross-cloud. We’re seein..>> view originalMasterCard Facing Damages Claim of $18 Billion Over High Swipe Fees
LONDON—MasterCard Inc. is facing a damages claim of £14 billion ($18.72 billion) on behalf of U.K. consumers who were allegedly charged higher prices because of the card giant’s high swipe fees. The claim, filed Thursday in the Competition Appeal Tribunal, was described as the biggest in U.K. legal history by former Chief Financial Services Ombudsman Walter Merricks, who is bringing the claim. It is also only the second to be filed under the Consumer Rights Act of 2015 which allows a collective..>> view originalSamsung for government
Posted : 2016-09-09 11:13 Updated : 2016-09-09 11:17 Samsung for government By Oh Young-jinOne may rightly feel it absurd to put a private company in charge of government.True, private firms seek profits, while the role of the government is, well, to run the country -- requiring it to serve many different purposes with profit at the bottom of its list of priorities.The theory goes: a private company in charge would run the nation aground as it pushes for maximum margins at whatever c..>> view originalMeg Whitman Rewinds Part of HP's Inglorious Past With Software Sale
With Wednesday’s news that Hewlett Packard Enterprise would offload (actually “spin-merge”) its software business to Micro Focus, it’s clear that CEO Meg Whitman wants to undo most of HP’s acquisitions of the last decade. The HPE hpe chief’s strategy is to slim the company to fighting weight even as rivals EMC and Dell are bulking up through their just-completed $63 billion merger to form Dell Technologies. Whitman is not one to shrink from the dramatic. Last year, she cut the iconic-but..>> view originalUS expert claims latest N. Korea missile launches Scud-ER
Posted : 2016-09-09 09:31 Updated : 2016-09-09 09:31 US expert claims latest N. Korea missile launches Scud-ER The ballistic missiles that North Korea test-fired earlier this week are believed to be a longer-range version of the Scud missile, not the medium-range Rodong missile as determined by South Korea, a U.S. expert said Thursday.Jeffrey Lewis, a North Korea missile expert at the Center for Nonproliferation Studies, told the Diplomat magazine that based on analysis of pictures r..>> view originalApple weighs on Wall St; energy shares a boost
By Caroline Valetkevitch(Reuters) - U.S. stocks dipped on Thursday, pulled lower by Apple after its latest iPhone failed to impress Wall Street, but gains in energy shares limited the decline.The Nasdaq broke a four-day streak of gains, led by declines in Apple>> view original. The stock fell 2.6 percent to $105.52 in its biggest daily percentage decline since June 24, when Britain's vote to leave the European Union unleashed a massive sell-off.The company also said it would not release first-weekend s.. Airbnb Adopts Rules to Fight Discrimination by Its Hosts
Photo Airbnb, whose San Francisco headquarters are seen here, said that it would institute a new nondiscrimination policy that goes beyond what is outlined in several anti-discrimination laws. Credit Jason Henry for The New York Times SAN FRANCISCO — For much of this year, Airbnb has been under fire over the ease with which its hosts can reject potential renters based on race, age, gender or other factors.The barrage of criticism began with a Harvard University study, s..>> view original
Saturday, September 17, 2016
Wells Fargo Fined for Fraudulently Opening Accounts for Customers and other top stories.
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