More Wells Fargo customers may be affected by sales scandal: filing
(Reuters) – More Wells Fargo & Co customers may have been affected by a scandal over phony accounts than previously believed, the third-largest U.S. lender said in a regulatory filing on Wednesday.
McDonald’s U.S. turnaround shifts to technology, speedier service
CHICAGO (Reuters) – McDonald’s Corp on Wednesday announced a push to embrace apps aimed at speeding up service at drive-thrus, which account for about 70 percent of its U.S. business, as the fast-food chain looks to woo back diners.
After 15 years, lawsuit against UBS over Enron collapse is dismissed
(Reuters) – A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp from retail customers, a decision that may end a 15-year legal battle stemming from the energy company’s December 2001 bankru…
Murdoch’s Fox set to request EU approval for Sky takeover bid
LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox will seek approval from the European Commission for its $14.4 billion bid for European pay-TV firm Sky in the coming days, a person familiar with the matter said.
U.S. truck, SUV sales stay strong in February, but at a price
DETROIT (Reuters) – February U.S. auto sales, an indicator of consumer spending, fell slightly even as automakers stepped up discounting to sustain sales, major manufacturers reported on Wednesday.
No margin for error as Adidas CEO bets on U.S. game plan
BERLIN (Reuters) – Adidas is expected to redouble its U.S. efforts when Kaspar Rorsted spells out his strategy next week, potentially allowing the new CEO to set an ambitious profit margin target.
Wells Fargo says no 2016 cash bonuses for eight senior executives
(Reuters) – Wells Fargo & Co said eight senior executives, including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry, will not receive cash bonuses for 2016, as the bank looks to increase accountability following a sales scandal.
U.S. consumer spending slows; inflation pressures firming
WASHINGTON (Reuters) – U.S. consumer spending cooled in January as demand for automobiles and utilities fell, but inflation recorded its biggest monthly increase in four years, raising the probability of an interest rate hike from the Federal Reserve t…
Exxon touts growth potential with eye toward dividend
NEW YORK (Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil producer, sought to reassure anxious investors on Wednesday about its growth potential, highlighting both short- and long-term projects executives said should continue to h…
PepsiCo to close British plant, threatening nearly 400 jobs
LONDON (Reuters) – Food and drink firm PepsiCo plans to shut a Walkers crisp factory in northern England, the company said on Wednesday, putting almost 400 jobs at risk.
