Wells Fargo to pay $2.09 billion fine over decade-old mortgage loans
Wells Fargo has agreed to pay $2.09 billion in penalty to settle claims related to mortgage loans originated in the run-up to the financial crisis.
Siemens lifts profit goals under new Vision 2020+ strategy
Siemens unveiled its new Vision 2020+ strategy on Wednesday – a move designed to boost the German engineering group’s profitability in an era where sprawling conglomerates are increasingly unloved by investors.
Apple’s ride to $1 trillion: The magic number that gets it there
Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion.
Fed leaves rates unchanged, stays on course for September hike
The U.S. Federal Reserve kept interest rates unchanged on Wednesday but characterized the economy as strong, keeping the central bank on track to increase borrowing costs in September.
Exclusive: Insurtech firm wefox in talks with suitors including Softbank – sources
Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three sources familiar with the negotiations said.
Deal with U.S. on key NAFTA rule closer, Mexico and Canada say
The United States and Mexico are getting close to a deal on the key issue of autos content rules at talks to renew the NAFTA trade pact, Mexican and Canadian officials said on Wednesday.
Amazon, other shippers form group to lobby on U.S. Postal Service issues
Amazon.com Inc and other retail and logistics companies said on Wednesday they had started a new group to lobby to keep the U.S. Postal Service’s package delivery services “reliable and affordable.”
Ferrari CEO calls Marchionne’s goals to 2022 ‘aspirational’, shares fall
Ferrari’s new boss sought to reassure investors that he would execute midterm targets set by his predecessor, Sergio Marchionne, but the stock fell more than 8 percent on Wednesday when he described the goals to 2022 as “aspirational”.
Wells Fargo to pay $2.09 billion fine over loan quality: DoJ
Wells Fargo will pay $2.09 billion in penalty for alleged misrepresentation of loan quality, the U.S. Department of Justice said on Wednesday.
U.S. new vehicle sales drop in July
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) , which said its sales climbed 6 percent.
