Business

Business

Wells Fargo fined $1 billion for 'reckless unsafe or unsound practices

(c) 2018, The Washington Post. Federal regulators on Friday fined megabank Wells Fargo $1 billion for misbehavior in its auto and mortgage businesses. The settlement is among the most aggressive moves by regulators during the Trump administration to punish a big bank. It also escalates problems at...


Business

GE jumps most in 3 years as `excited' CEO gets investors' buy-in

(c) 2018, Bloomberg. General Electric stuck with its 2018 profit forecast, powering shares to the biggest gain in three years as the beleaguered manufacturer defied expectations of a cut. Strength in aviation and health care is shoring up confidence in the outlook for adjusted earnings of $1 to $1....


Business

The unspoken factor in Amazon's search for a new home: Jeff Bezos's support for gay

(c) 2018, The Washington Post. When Amazon executives recently toured the Dallas-Fort Worth area, one of 20 finalists for a second company headquarters, local officials touted its growing workforce and low taxes as perfectly suited to accommodate 50,000 planned Amazon jobs. But the local team also...


Business

GE stands by profit forecast, brushing off Wall Street's worries

(c) 2018, Bloomberg. General Electric Co. maintained its 2018 profit forecast, defying Wall Street expectations of a cut, sending shares higher. Strength in aviation and health care are shoring up confidence in the outlook for adjusted earnings of $1 to $1.07 a share, GE said in a statement Friday,...


Business

U.S. weighs emergency powers to curb China tech investments

(c) 2018, Bloomberg. The Treasury Department is considering using an emergency law to curb Chinese investments in sensitive technologies, as the Trump administration looks to punish China for what it sees as violations of American intellectual-property rights. The U.S. government is reviewing the...


Business

Once deemed 'unsafe' by Facebook, Diamond and Silk are now coming to Capitol Hill

(c) 2018, The Washington Post. WASHINGTON - House Republicans have invited “Diamond and Silk,” two conservative video bloggers who were deemed “unsafe” by Facebook after becoming online sensations, to testify next week about allegations of conservative bias online. The hearing, set for Thursday...


Business

EPA head showed penchant for travel, drivers even before DC

EPA Pruitt Oklahoma

OKLAHOMA CITY (AP) — Scott Pruitt’s penchant for travel and concerns about security were notable even before he became head of the Environmental Protection Agency. Newly obtained records show that as Oklahoma’s attorney general, Pruitt frequently traveled out-of-state for appearances before...


Business

2 black men arrested at Starbucks get an apology from police

Starbucks Black Men Arrested

PHILADELPHIA (AP) — Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn’t use the restroom because he wasn’t a paying customer. He thought nothing of it when he and his childhood friend and business partner, Donte Robinson, were approached at their table and were...


Business

Asian shares fall back on trade worries, tech outlook

South Korea Financial Markets-8

SEOUL, South Korea (AP) — Shares are lower in Asia after a major supplier to Apple forecast continued weak demand for mobile devices. A warning by the head of the IMF over the potential for trade tensions to harm global growth also weighed on sentiment. KEEPING SCORE: Japan’s Nikkei 225 edged 0.1...


Business

Snowbasin gets new general manager, Davy Ratchford

INVERSION SKIING

Davy Ratchford will replace retiring General Manager John Loomis, who has been at the resort for six years, the company said in a press release Thursday, April 19.


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