wednesday

South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

The South Korean court overseeing Hanjin Shipping's receivership process said on Wednesday that a sale of the world's seventh-largest container carrier, which collapsed late last month, is one of many options it is considering if the court concludes the company is to be rehabilitated. Judge Choi Ung-young, who serves as a court spokesman for media inquiries on the …

The rest is here: 
South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

wednesday

Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

The company has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent to meet internal sales goals. Chief Executive John Stumpf apologized on Tuesday and said the management takes responsibility for the problems identified in the settlement. Although the bank eliminated sales goals for retail staff, Stumpf said “cross-selling” products from various businesses

See the original post:
Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

wednesday

Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

The company has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent to meet internal sales goals. Chief Executive John Stumpf apologized on Tuesday and said the management takes responsibility for the problems identified in the settlement. Although the bank eliminated sales goals for retail staff, Stumpf said “cross-selling” products from various businesses to customers is still important to growing its business.

Continued here: 
Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

wednesday

Tesla says it is investigating cause of fatal China crash

China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei. Gao's family filed the lawsuit in a Beijing court in July against Tesla and the Beijing-based dealer who had sold Gao the car.

Read the original here:
Tesla says it is investigating cause of fatal China crash

wednesday

Tesla says it is investigating cause of fatal China crash

China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei.

See the original post:
Tesla says it is investigating cause of fatal China crash

wednesday

Oil edges lower amid scepticism about output freeze

Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an agreement to freeze output to rein in a global supply glut. London Brent crude for November delivery was down 4 cents at $47.22 a barrel by 2018 EST,

Here is the original post:
Oil edges lower amid scepticism about output freeze

wednesday

Fed policymakers divided over whether to raise rates soon: minutes

Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank'…

More:
Fed policymakers divided over whether to raise rates soon: minutes

wednesday

Wendy’s comparable sales miss as fewer diners eat out

Burger chain Wendy's Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company's shares down as much as 8 percent. Food prices have been on the decline in 2016, according to the U.S. Department of Agriculture. Poultry prices dropped 3.4 percent in June from a year earlier, while beef and veal prices fell 6.7 percent, helped by lower transportation costs due to a fall …

More here:
Wendy’s comparable sales miss as fewer diners eat out

wednesday

Crude oil futures rise after U.S. stockpiles fall

TOKYO (Reuters) – Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing U.S. stockpiles fell more than expected last week.

Continued here:
Crude oil futures rise after U.S. stockpiles fall

wednesday

Fed report points to slight rise in inflation, tight job market

By Jason Lange WASHINGTON, June 1 (Reuters) – Inflation pressures grew slightly across most of the United States from April to mid-May, the Federal Reserve said on Wednesday in a report that also pointed to rising labor costs for American companies. The Fed's Beige Book, a collection of anecdotal information from business contacts nationwide, found that labor markets appeared to be tightening despite “modest” job growth. “Tight labor markets

More:
Fed report points to slight rise in inflation, tight job market

« Previous Page — Next Page »