Wells Fargo: U.S. targeting executive as defendant may be retaliation
NEW YORK (Reuters) – Wells Fargo & Co said Monday that a U.S. government request to add one of its executives as a defendant in a fraud case may be in retaliation for the bank’s decision to cut off settlement talks.
‘Cyber Monday’ sales set to hit record: analysts
NEW YORK (Reuters) – U.S. online sales are expected to hit $2 billion on “Cyber Monday,” for the first time since the data firm comScore has been tracking such information.
Technology, rules keep Amazon drone delivery in hangar, for now
SEATTLE (Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos made a splash on Sunday with his radical plan to deliver goods to millions of its customers’ doors by using a fleet of unmanned drones, but the bold vision is not likely to become a …
Wall Street ends lower as mining companies slump
NEW YORK (Reuters) – U.S. stocks closed lower on Monday, with investors unable to find new reasons to keep pushing shares higher after eight straight weeks of gains, while the mining sector slid alongside sharp drops in precious metals prices.
Fed official strongly backs proposed repo tool, cites policy
NEW YORK (Reuters) – The Federal Reserve’s point person in financial markets on Monday gave a strong and detailed endorsement of a proposed tool for smoothing the eventual tightening of U.S. monetary policy.
Fake trades and a fridge used in Madoff fraud: witness
NEW YORK (Reuters) – Bernard Madoff’s longtime lieutenant testified on Monday that several former colleagues were deeply enmeshed in Madoff’s decades-long Ponzi scheme, using everything from fake trades to a refrigerator to hide the truth about the fra…
Tesla says Germany concludes car fire probe
DETROIT (Reuters) – Electric-car maker Tesla Motors Inc said Monday that Germany’s vehicle regulatory agency will pursue “no further measures” after concluding a review of recent Tesla Model S fires in the United States and Mexico.
Apple buys social analytics startup Topsy
SAN FRANCISCO (Reuters) – Apple Inc has acquired social media search and analytics startup Topsy, an unusual purchase for a hardware-focused company that has made few forays into social networking.
FAA proposes fines against Southwest, Great Lakes
(Reuters) – The U.S. Federal Aviation Administration on Monday proposed fining Southwest Airlines $325,000, saying the Dallas-based airline operated a plane that had improper modifications.
Twitter stock gets mixed reviews from IPO underwriters
SAN FRANCISCO (Reuters) – Twitter Inc shares slipped on Monday after some of the five lead underwriters of its initial public offering said the social media firm may not achieve Facebook-like scale and its stock may not rise much higher.
