Author: admin
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Moving Past Struggles: Investment Motivation from Great Names
Investing, starting a business and growing that foundation is never easy, but the challenge is part of what motivates us. Occasionally, the world can seem like it’s falling apart all around us. For those moments, we invite you to share in this important wisdom about dealing with the struggles life throws our way. “You have…
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Wells Fargo’s new CEO faces immediate test
Tim Sloan will not have much time to prepare his pitch for Wall Street. The newly installed chief executive of Wells Fargo & Co will present third-quarter results on Friday, less than 48 hours after replacing John Stumpf at the helm of the bank. Sloan's nearly 30 years with Wells, largely spent on the corporate…
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Wall Street sells off on weak earnings, election fears
Illumina shares plummeted 24.8 percent and were among biggest drags on the S&P 500 after the diagnostic test maker's weak quarterly update. Although overall S&P 500 earnings are currently expected to fall 0.7 percent in the third quarter, according to Thomson Reuters data, a typical number of better-than-expected reports would result in a positive quarter.…
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Yahoo hack may become test case for SEC data breach disclosure rules
By Dustin Volz WASHINGTON (Reuters) – Yahoo's disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement. Democratic Senator Mark Warner this week asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and…
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Wells Fargo chief Stumpf heads to Hill with pressure mounting
Wells Fargo & Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. The bank's move earlier this week to claw back $41 million in…
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WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call
The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the WTO's previous estimate of 2.8 percent in April, marked the first time…
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Len Blavatnik the philanthropist
Written by Access Industries Len Blavatnik is known for many things. The first and most recent is that he was named the 42nd richest man in the world by Business Insider magazine. His rise to fame and fortune started when he formed Access Industries back in 1986. He is also known for his turnaround of…
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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…