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Exclusive: Wells Fargo planned to eventually tell public about auto insurance problems - executive

NEW YORK Wells Fargo & Co began examining the way its auto lending unit enrolled borrowers into insurance policies a year ago, but did not plan to disclose problems it uncovered until it was ready to issue reimbursements to affected customers, its head of consumer lending told Reuters on Friday.

Recent Business News

Google, Facebook show power of ad duopoly as rivals stumble

SAN FRANCISCO Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans.

Tech, Facebook 12:16pm EDT

Tesla climbs as Musk prepares to hand over first Model 3 cars

SAN FRANCISCO Shares of Tesla Inc rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market.

2:38pm EDT

Banks must face interest rate swap class action: U.S. judge

NEW YORK A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's biggest banks of conspiring to rig the $275 trillion market for interest rate swaps.

2:29pm EDT

Chip stocks show signs of slowing with more earnings on tap

NEW YORK High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors.

2:16pm EDT

Airlines' Atlantic pact guards against budget rivals and Brexit

BERLIN/NEW YORK A transatlantic alliance between three global airlines will shore up their position in the lucrative UK-U.S. market, shielding them from low-cost rivals and the uncertainties of Britain's exit from the European Union.

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Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 

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