Tag: wednesday
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Wells Fargo CEO to take ‘full responsibility’ in Senate hearing: NY Times
Stumpf will strike a contrite tone in a testimony over the fake accounts at a Senate Banking Committee hearing on Tuesday morning, the New York Times said, citing a copy of his prepared remarks. “We never directed nor wanted our employees, whom we refer to as team members, to provide products and services to customers…
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Wall Street rallies on gradual Fed tightening, improving economy
NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.
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Yahoo shares rise as board meets and considers sale of Web business
Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board is weighing the sale of the Internet business at a…