Today's Top Story
Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal
WASHINGTON (Reuters) - Wells Fargo & Co
Business News
-
Morgan Stanley to get $375 million termination fee if E*Trade walks away from deal
(Reuters) - Morgan Stanley will receive a $375 million breakup fee if E*Trade Financial Corp walks away from its $13 billion deal for the discount brokerage, the U.S. bank said on Friday.
-
U.S. watchdog proposes national standard for disclosing expired debt
WASHINGTON (Reuters) - The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.
-
Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT
(Reuters) - Federal prosecutors investigating Boeing Co
are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported https://www.nytimes.com/2020/02/21/business/boeing-737-max-investigation.html, citing two people familiar with the matter. - More Business News»
Economic News
-
In next downturn, Fed may opt for quick, strong action
NEW YORK/SAN FRANCISCO (Reuters) - In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse.
-
Coronavirus fears, U.S. business data drag down Wall Street
NEW YORK (Reuters) - U.S. stocks sold off and the Nasdaq had its worst daily percentage decline in about three weeks on Friday as a spike in new coronavirus cases and data showing a stall in U.S. business activity in February fueled investors' fears about economic growth.
-
U.S. watchdog proposes national standard for disclosing expired debt
WASHINGTON (Reuters) - The U.S. consumer watchdog on Friday proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.
- More Economic News»
Money News
-
YOUR MONEY: What it means to invest with a gender lens
NEW YORK (Reuters) - When clients tell financial adviser Catherine Valega that they want to invest their money in women, they are not always clear what they mean.
-
Senator hedge fund's founding duo to split; Klabin will leave firm
BOSTON (Reuters) - Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry's more profitable and durable professional marriages.
-
U.S. stock funds lose $2.6 billion in week: Lipper
(Reuters) - U.S. equity funds saw outflows of $2.6 billion in the latest week, according to Lipper.
- More Money News»
