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Microsoft raises dividend, plans $40 billion share buyback

(Reuters) – Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program. The new buyback program has no expiration date and may

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Microsoft raises dividend, plans $40 billion share buyback

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Senate Republicans seek probe of Mylan EpiPen oversight

By Brendan Pierson NEW YORK (Reuters) – Mylan NV faced new scrutiny over price hikes for its anti-allergy EpiPen on Tuesday, with U.S. lawmakers calling for a probe of oversight of the company’s rebates to government healthcare plans…

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Senate Republicans seek probe of Mylan EpiPen oversight

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Senators push Wells Fargo CEO on pay clawbacks after bogus accounts

U.S. Senate lawmakers excoriated Wells Fargo & Co's chief on Tuesday for his oversight of the bank as it opened 2 million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are “too big to fail.” Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who had bogus accounts opened in their name will be made whole and compensated for any damage to their credit rating, but some Democratic senators called for…

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Senators push Wells Fargo CEO on pay clawbacks after bogus accounts

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Bayer in $66 billion bet that farmers will back linked-up supplies

Bayer's $66 billion purchase of Monsanto amounts to a long-term bet that farmers will grow to trust combinations of seeds and pesticides rather than continue to pick from ranges of separate products. Some farmers, though, are …

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Bayer in $66 billion bet that farmers will back linked-up supplies

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Deutsche Bank to fight $14 billion demand from U.S. authorities

Deutsche Bank  said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany's largest lender. The claim against Deutsche, which is likely to trigger several months of talks, far exceeds the bank's expectations…

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Deutsche Bank to fight $14 billion demand from U.S. authorities

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Wells Fargo faces proposed class action over bogus accounts

Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior. The lawsuit was filed in the U.S. District Court in Utah, and seeks class-action status on behalf

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Wells Fargo faces proposed class action over bogus accounts

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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.

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Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

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Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the…

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Wells Fargo will pay $190 million to settle customer fraud case

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Berkshire seeks to boost its Wells Fargo stake above 10 percent

Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo & Co , after reaching the 10 percent level that could prompt increased regulatory scrutiny. According to papers obtained by Reuters on Friday, Berkshire said it learned in mid-March that its Wells

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Berkshire seeks to boost its Wells Fargo stake above 10 percent

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UAW election by set of VW Tennessee workers upheld by NLRB

VW had asked for a review of the election, which involved about 160 skilled trades workers at the plant, in which 71 percent voted to join the UAW. The plant has a total hourly workforce of about 1,400 workers.

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UAW election by set of VW Tennessee workers upheld by NLRB

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