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Wells Fargo cuts 69 executive jobs: spokesman

July 29, 2017 by  
Filed under News

Wells Fargo & Co said on Friday it is cutting 69 executive jobs at its retail unit, as part of a restructuring in the division.


Source: Reuters Business News

Benetton family in shortlist to buy Ducati: source

July 29, 2017 by  
Filed under News

MILAN (Reuters) – Italy’s Benetton family is among five bidders shortlisted to buy Italian motorcycle brand Ducati, which is being sold by Germany’s Volkswagen , a source close to the matter said on Saturday.


Source: Reuters Business News

Apple is removing VPN services from China App Store: providers

July 29, 2017 by  
Filed under News

BEIJING (Reuters) – Apple Inc is removing virtual private network (VPN) services from its app store in China, VPN service providers said on Saturday, accusing the U.S. tech giant of bowing to pressure from Beijing to comply with stringent cyberspace regulations.


Source: Reuters Business News

Sprint seeks alternatives to a merger with T-Mobile: sources

July 28, 2017 by  
Filed under News

(Reuters) – Sprint Corp has proposed a merger with Charter Communications Inc as the wireless carrier seeks an alternative to a deal with T-Mobile US Inc that has so far not come to fruition, according to sources familiar with the matter.


Source: Reuters Business News

Exxon Mobil profit disappoints Wall Street, Chevron shines

July 28, 2017 by  
Filed under News

HOUSTON (Reuters) – Exxon Mobil Corp posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations.


Source: Reuters Business News

Amazon everywhere: E-commerce titan is topic companies can't avoid

July 28, 2017 by  
Filed under News

NEW YORK (Reuters) – What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? In a word, Amazon.


Source: Reuters Business News

Tesla climbs as Musk prepares to hand over first Model 3 cars

July 28, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Shares of Tesla Inc rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market.


Source: Reuters Business News

Exclusive: Wells Fargo planned to eventually tell public about auto insurance problems – executive

July 28, 2017 by  
Filed under News

NEW YORK (Reuters) – Wells Fargo & Co began examining the way its auto lending unit enrolled borrowers into insurance policies a year ago, but did not plan to disclose problems it uncovered until it was ready to issue reimbursements to affected customers, its head of consumer lending told Reuters on Friday.


Source: Reuters Business News

Banks must face interest rate swap class action: U.S. judge

July 28, 2017 by  
Filed under News

NEW YORK (Reuters) – A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world’s biggest banks of conspiring to rig the $275 trillion market for interest rate swaps.


Source: Reuters Business News

'High Times' ready to roll with public offering

July 27, 2017 by  
Filed under News

(Reuters) – The publisher of marijuana enthusiast magazine, “High Times,” plans to take the company public, High Times Holding Corp announced Thursday, as an increasing number of U.S. states legalize the drug.


Source: Reuters Business News

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