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Wells Fargo boss makes case for his own dismissal

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His performance should prompt incoming Chair Betsy Duke to find a leader who can turn the page. WASHINGTON - Wells Fargo's chief executive Timothy J. "I think the reason I am the right person to run this company today, notwithstanding your criticisms, is because I have been making change at this company for 30 years ", Sloan said. Read More »

Oracle Unveils First Autonomous Database

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While Amazon , Microsoft , and other companies that got into the cloud computing market before Oracle have been trying to pick off those customers. The company also yesterday revealed new AI-based apps for finance, HR, supply chain, manufacturing, commerce, customer service, marketing and sales professionals. Read More »

Berkshire Hathaway Invests in Pilot Flying J

In building his conglomerate, Buffett has always been attracted to stable industries with cash flows he can predict far out into the future. That trial is likely to generate headlines that could be damaging to the entire Haslam family, including Gov. Read More »

Walmart buys same-day delivery company Parcel

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The discounter announced on Tuesday that it has acquired Parcel , a last-mile delivery startup that specializes in delivery of perishable items and general merchandise to customers in New York City . The company will still offer delivery services to other companies aside from Walmart and its brands. Walmart said it hopes to utilize the startup's network and unique technology to expand deliveries for Jet and Walmart.com throughout NYC. Read More »

This common bank fee has soared 55% over the past decade

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The New York metro area has the second-highest average out-of-network ATM fee at $5.14 according to a Bankrate .com survey. In the US overall, the average overdraft fee hit a new high this year at $33.38, bouncing back up from a one-year drop in 2016. Read More »

Uber boss to hold talks with TfL on London licence

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Ms Bertram has been with the company for four years and oversaw its major expansion in London . Transport for London has said it will take Uber several weeks to win back its trust after a "constructive" meeting between the company's new chief executive and senior officials. Read More »

Liquor baron Vijay Mallya arrested in London in money laundering case

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It was said that more charges were expected to be added against Mallya by the Westminster Magistrates' Court, where an extradition case is going on at India's request. Mallya has been in self-imposed exile in the United Kingdom since March 2016. As of now, Mallya is charged only in the Rs 900 crore IDBI loan case. Read More »

Travellers hit by strikes across the north west

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Northern says that if you travel on a strike day and experience a delay of 30 minutes or more to your journey, you are eligible to compensation through its Delay Repay scheme. "The RMT is striking about changes we made nearly a year ago as part of our modernisation programme". 'Nobody has lost their job over this, in fact we employ more on-board staff to help passengers than we did before, and we are providing a better service with fewer cancelled trains'. Read More »

India's Ola to raise $2 bil. from SoftBank, Tencent

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Ola now holds the upper hand in the $10 billion Indian market but Uber has been increasing the pressure, via driver incentives and promotions targeted at its rival's existing markets. "SoftBank will want the market to grow both in size and momentum, so Ola will need to rev up in other cities". If this funding round goes through, it will be marked as the second-largest funding round in an Indian start-up, after Flipkart's. Read More »

Ford Motor Company (NYSE:F) Stock Closed Above Its 50 Day Average

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Its opening price on the last trading day was $38.79. It has underperformed by 8.78% the S&P500. The stock has "Sector Perform" rating by RBC Capital Markets on Friday, July 22. Analysts reported that the Price Target for Ford Motor Co. might touch $17 high while the Average Price Target and Low price Target is $12.31 and $9 respectively. Read More »

Kerala CM responsible for murders of BJP, RSS workers: Amit Shah

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Among the leaders who were present at the inaugural function were Minister of State for Electronics and and Information Technology, MPs Suresh Gopi, Richard Hey, Rajiv Chandrashekharan, Suresh Kumar Kateel, Of. He said his party would use democratic means to fight Left rule in the state. This system is dominating the constitutional system in Kerela and is trying to destroy it. Read More »

Philip Hammond tells Jeremy Corbyn: 'Bring it on'

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Denouncing the Labour leader as "a clear and present danger to our economic prosperity", he said he relished the coming debate with "dinosaurs" who he branded "a political version of Jurassic Park", telling Mr Corbyn: "Bring it on". Business groups welcomed Hammond's defence of free markets, but said the government needed to do much more. Director-general Carolyn Fairbarn said: "The speech shows a government strong on diagnosis, but weak on action". Read More »

Equifax data breach affected millions more than first thought

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Smith will testify that Equifax received a warning on March 8 about a vulnerability in Apache Struts software from U.S. CERT, a Department of Homeland Security body that notifies companies of widespread computer security problems. Unusual trading activity in Equifax options on August 21, now known to be one day before Smith says he told the lead director, has also drawn scrutiny. Read More »

Srinagar attack: Rajnath calls high level meeting to review situation

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Militants today carried out a pre- dawn suicide attack on a BSF camp near the high-security Srinagar International Airport here, leaving an Assistant Sub Inspector of the force dead and three security men injured. Airport officials confirmed that around 9.30 am, they allowed passengers to enter the airport amid increased checks to resume flights. IG Kashmir has said that there is no confirmation yet about the outfit which these militants belong to. Read More »

Nissan Recalls 1.2M Cars Over Missed Final Inspections

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The automaker said it will resume registrations following re-inspection, beginning October 3, 2017. In its estimation there are around 34,000 Nissan-built vehicles, bearing its own badges and those of other auto companies, awaiting re-inspection before going back on sale. Read More »

ISM Says Manufacturing Expands at Fastest Rate in 13 Years

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The Institute for Supply Management's index of manufacturing activity registered 60.8% for September, an increase of two percentage points from the August reading. Going into September, there was uncertainty related to Hurricane Harvey, which hit energy-producing regions of Texas on August 25 and stalled over the state for days. Read More »

Tesla Model 3 production hits a snag

But so far that plan has failed. While Tesla reported about 4,820 Model S and Model X were in transit to customers at the end of the quarter, it didn't give a figure for the Model 3. Musk handed over the first 30 Model 3 electric cars to Tesla employees at a splashy event July 28. While hitting a new quarterly record in deliveries is a positive data point, much of Tesla's valuation remains predicated on Model 3 achieving mainstream volumes, and Tesla still has a backlog of over ... Read More »

GM Going All-Electric; 20 New EVs Planned by 2023

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The cars , priced at almost $15,500, are the first attempt by the Indian government to replace its half-a-million fleet of diesel and petrol cars - used by hhigh-rankinggovernment employees - with electric vehicles. But Nissan is the overall sales leader in electric cars thanks to its far cheaper Nissan Leaf, which starts at $30,000. "The industry continues to slowly shift towards electric vehicles, with a majority of automakers fully jumping onboard", said Akshay Anand, executive ... Read More »

Sisters suspend operations following food safety allegations

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However, our internal investigation has shown some isolated instances of non-compliance with our own quality management systems. The high street giant joins Marks and Spencer, Lidl and Aldi in halting deliveries from the West Bromwich plant following a series of alleged breaches of food safety rules. Read More »

Tyson Foods, Inc. (TSN)- Stocks Showcasing Performance Assessment Rally

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Baird Financial Group Inc. now owns 111,643 shares of the company's stock valued at $6,889,000 after acquiring an additional 6,827 shares during the last quarter. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is -5.91% and standing -5.83% away from 50-Day Simple Moving Average while traded up 1.56% from 200-Day Simple Moving Average . Read More »

Eurozone Factory Growth Fastest In Over Six Years

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The score suggested expansion for the fifty-first month in a row. Exports increasing Export business has increased and results are some of the best for six and a half years. Manufacturers reporting higher import costs for the materials required to manufacture their goods. British manufacturing sector growth moderated at the end of the third quarter, while price pressures built up on strong pound and higher commodity prices. Read More »

Remaining portion of old Kosciuszko Bridge comes down in controlled demolition

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Democratic Gov. Andrew Cuomo was among those watching as the span came down. What does that mean? This will allow workers to complete construction of the second span of the new bridge over Newtown Creek. The steel from Sunday's explosion included 20 trusses totaling 3,100 feet in length, and yielded an estimated 22 million pounds of soon-to-be recycled scrap metal. Read More »

Trump hails latest tax overhaul plan as "revolutionary"

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Under the broader proposal , corporations would see their top tax rate cut from 35 percent to 20 percent. The plan would also benefit Trump and other affluent Americans by eliminating the estate tax , which affects just a few thousand uber-wealthy families each year, and the alternative minimum tax, a safety net created to prevent tax avoidance. Read More »