Wells Fargo will try to win back work with Ohio

JP Morgan, Citigroup and Wells Fargo each beat analysts' profit forecasts, helping to push the S&P 500 up by 0.7 per cent to 2,147 in early trading today. Steve Beck, founder of management consultancy cg42, predicts Wells Fargo will experience "heightened levels of defections" over the next year. The scandal is forcing the firm to scale back its push to sell more products to customers. Read More

Wells Fargo CEO steps down in wake of sham accounts scandal

While Stumpf had previously forfeited $41 million in unvested equity, he still owns shares vested in previous years. It is unclear whether replacing Stumpf with another longtime company insider will be enough to convince investors that the company is moving in the right direction. Read More

Airlines add 'fire containment bags' for overheating phones

Airlines add 'fire containment bags' for overheating phones

The phone model was recalled last month following various reports of them catching fire due to overheating. The bags can be shut with Velcro and heavy-duty zippers and can withstand temperatures as hot as 3,200 degrees Fahrenheit. The U.S. Federal Aviation Administration and major airlines have been warning flyers about keeping their Samsung Galaxy Note 7 phones turned off during flights for more than month. Read More

Gold lower, clinging to weekly gain ahead of consumer data, Yellen speech

United States producer price index (PPI) meanwhile, in a separate report, increased 0.3% in the prior month, higher than the expected gain of 0.2%. ANALYST VIEW: "Higher prices for heavy industrial products will provide China's heavily indebted corporations with more top line revenue", said Bill Adams, an economist at PNC Financial Services Group. Read More

World powers to try again for Syria ceasefire

The UN Security Council remains deadlocked over how to respond to the Aleppo crisis. Putin said he canceled a scheduled visit to France next week after French President Francois Hollande refused to take part in the opening of a Russian church and a cultural center and said he only was willing to discuss Syria. Read More

UK food prices to rise as pound drop stirs grocers dispute

The dispute between the retailer and supplier Unilever saw popular products including Marmite, PG Tips, Persil and Ben and Jerry's unavailable to order from Tesco's website and also in short supply in many stores . He added: "No one wants to put prices up ahead of Christmas". Laith Khalaf, senior analyst at Hargreaves Lansdown, said the pricing spat was likely to be the "thin end of the wedge". Read More

Jokowi expresses condolences following King Bhumibol's passing

Jokowi expresses condolences following King Bhumibol's passing

He moved quickly to declare that the king's 64-year-old son, Crown Prince Maha Vajiralongkorn, was the "named successor". Waves of grief washed over the sea of people - more than 1,000 of them - who had been gathered at the hospital's compound to wish the king a quick recovery. Read More

Clinton proposes tax relief for families with young kids

Clinton has embraced billionaire Warren Buffett's rule that anyone making more than $1 million should have to pay considerably more in federal taxes. Trump had highlighted a feature of his plan that would close that loophole, during Sunday's debate. Read More

Las Vegas casino execs back stadium for Raiders

Via the San Francisco Chronicle , the Nevada senate voted 16-5 to pass a stadium bill . Critics had a chance Tuesday to weigh in on the Nevada Legislature's effort to put $750 million in public funds toward an National Football League stadium in Las Vegas, a day after lawmakers spent an afternoon watching a promotional video about the project and taking testimony from heavy-hitting proponents in the casino industry. Read More

AT&T Ponders Ending All Galaxy Note 7 Sales At Its Retail Stores

In light of numerous reports of hazardous Note 7 devices, the South Korean giant issued an official recall earlier in September. Although the Note 7 exchange concept appears to be a welcome gesture from the U.S. Instead, AT&T will let its customers who've bought the Note 7 return it for another smartphone. The alarming factor in this incident is that the phone is not an original model, it is already a replacement, and still caught on fire. Read More

Ford Mustang EcoBoost Delivers 335 HP With New Power Pack

Ford Mustang EcoBoost Delivers 335 HP With New Power Pack

According to J.D. Power data, there is US$3409 worth of incentives on the Chevrolet Camaro, with $2602 worth of discounts offered on the Ford Mustang. Though sales of the Detroit Three's pony cars have cooled off this year, Ford's rival automakers fared better in September. "We continue to match production with demand", Felker said in response to a query about whether the idling was due to slower Mustang sales. Read More

Trump's remarks about groping constitute sexual assault, says White House

Trump's remarks about groping constitute sexual assault, says White House

White House spokesman Josh Earnest said aboard Air Force One that there was a "broad consensus" that his statements described sexual assault. The press secretary said Obama agrees with Vice President Joe Biden's assessment that Trump's comments constitute sexual assault. Read More

Delta Air Lines, Inc. (NYSE:DAL) & Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Delta Air Lines, Inc. (NYSE:DAL) & Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

The company has dropped -4.89% in past 3 months and in the last five trades has moved up 0.28%. The stock traded in the last session between $6.63 and $6.86 whereas, it's 52-week High Price is $7.27 with respect to its 52-week Low Price of $2.38. Read More

Hungary anti-migrant referendum is invalid: election office

But turnout reached only about 43 percent, reports said. Separately from the referendum , the Orban government is also suing at the European Court of Justice because of the EU's 2015 decision to relocate 160,000 asylum seekers from overburdened Greece and Italy. Read More

Banks ponder the meaning of life as Deutsche agonizes

Fears that the bank might struggle to pay a multibillion USA fine for misselling securities have sparked weeks of stock market turbulence - and speculation that Berlin might be forced to provide a state bailout. That is about the maximum amount in discounted shares Deutsche Bank can sell without needing shareholder approval, if the firms decide to raise capital, the people said. Read More

Dozens missing in eastern China after landslides

Dozens missing in eastern China after landslides

This story was first published on CNN.com, " Dozens missing in landslides as Typhoon Megi batters China ". A total of 15 residents have been rescued but over 20 others remain missing after a landslide swept away houses and buildings Wednesday evening. Read More

Officials to provide update on Minnesota mall stabbing probe

Officials to provide update on Minnesota mall stabbing probe

Falconer shot Adan six times as he repeatedly tried to attack the officer, the authorities said . Minnesota's Somali-American community, majority refugees and the descendants of refugees from the country's civil war in the 1990s, have a history of tension with local law enforcement and the Federal Bureau of Investigation, whom they accuse of discrimination and entrapment. Read More

India's private sector economy losses momentum: Composite PMI

India's private sector economy losses momentum: Composite PMI

The services PMI reading stood at 52.6, down from August's 52.9, but still above the 50 level which indicates expansion, research firm Markit said. The latest monthly survey of construction purchasing managers indicates a solid return to growth for United Kingdom construction activity in September 2016. Read More

After testy VP debate, Trump rebuffs claim he 'loves' Putin

After testy VP debate, Trump rebuffs claim he 'loves' Putin

The interview followed a damning report Saturday by The New York Times , which obtained part of Trump's 1995 tax returns showing that the businessman declared a loss that year of more than $900 million, a loss that tax experts said Trump could have used to avoid paying income taxes for almost 20 years. Read More

US Firm Makes World-Class Oil Find Offshore Alaska

US Firm Makes World-Class Oil Find Offshore Alaska

The estimate is based on the results of two wells Caelus drilled earlier this year on its Smith Bay state leases, and 126 square miles of existing 3D seismic data, Caelus said in an October 4 press release . The Smith Bay project has the potential to solve a lot of problems: Alaska needs the revenue such a huge field would provide; Alaskans need the hundreds of jobs required to develop a large-scale project; the economy needs the hundreds of millions of dollars that will be spent to pursue ... Read More