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WFC
JCP Helps U S Benchmark Breach Key Level
Stocks added to smallish gains early with all three of the major market gauges finishing higher Thursday after better than expected earnings from a new batch of retailers including JC Penney helped alleviate worries over fading consumer strength A smaller than expected drop in durable good orders was supportive for e...
WFC
Wells Fargo A Lesson In Dealing With Fear
What would you do if we told you that a financial crisis was coming Specifically let s drill down to a single bank stock and say that we knew for certain that Wells Fargo s WFC share price would drop by more than 70 Moreover this price decline wasn t necessarily going to be capricious in nature as Wells Fargo s ...
CMCSA
Fox TV scores highest NFL rating this season for Cowboys Steelers game
Reuters Two big National Football League games scored a noticeable television ratings uptick on Sunday in the first weekend since the U S presidential election according to Fox and NBC amid a slump of 14 percent for NFL games this season Fox a unit of 21st Century Fox Inc said it drew a 17 8 overnight rating ...
CMCSA
With election behind Sunday football sees ratings silver lining
With a seemingly interminable U S election finally over is America ready for some football In a season marked by across the board ratings declines Fox s FOX 1 2 FOXA 1 4 broadcast of the Dallas Cowboys Pittsburgh Steelers game drew the highest rating of any NFL game this season a 17 8 overnight rating Me...
CMCSA
Comcast rolling out two family focused Hispanic networks
Comcast NASDAQ CMCSA is launching two new Hispanic networks in January after evaluating dozens of proposals The company has chosen Primo TV and Kids Central for the launch two networks promising family programming targeted to bicultural Hispanic youth Kids Central owned and operated by Condista Networks is Engl...
CMCSA
NBC takes over Thursday football with reportedly higher ad rates
As NBC CMCSA 1 5 takes over its half of the season of Thursday Night Football broadcasts from CBS NYSE CBS tonight it looks like it might get its wish for higher ad rates than its rival In the summer NBC had argued that its Thursday night games might command higher rates coming closer to the U S holidays ...
CMCSA
AT T Time Warner deal may hinge on FCC licensing
Speculation about the chances for approval of AT T s T 0 7 85B deal for Time Warner TWX 2 has turned on some key sub issues like whether the FCC would get a chance to weigh in as opposed to merely antitrust reviews Time Warner could sell its license for TV station WPCH in Atlanta sure it s Time Warner s...
WFC
Wells Fargo CEO says bank changing handling of whistleblower complaints
By Dan Freed Reuters Wells Fargo Co N WFC Chief Executive Officer Tim Sloan told workers on Thursday the bank was changing the handling of whistleblower complaints after allegations it retaliated against employees who called an ethics hotline to report sales abuses Sloan announced the change to a gathering o...
WFC
Wells Fargo whistles to a new tune
Wells Fargo NYSE WFC is changing the way it handles whistleblower complaints following allegations it retaliated against employees who called an ethics hotline to report sales abuses CEO Tim Sloan announced the change at a gathering of about 2 000 employees in Des Moines Iowa as part of a conversations tour he a...
WFC
Buffett hasn t sold any Wells Fargo
Calling Wells Fargo WFC an incredible institution Warren Buffett tells CNN the bank made a terrible mistake and now former CEO John Stumpf is a very decent man who didn t correct things fast enough As for the new CEO Buffett calls Tim Sloan the right man for the job and disagrees with those who say Wells ...
WFC
Buffett breaks silence on Wells Fargo bogus account scandal
Reuters Wells Fargo NYSE WFC Co made a terrible mistake by keeping in place sales goals that corrupted people billionaire investor Warren Buffett told CNN in an interview in his first public comment on the bogus account scandal at the bank It was a dumb incentive system which when they found out it w...
WFC
Will Student Loan Crisis Torpedo Stock Market
All is well with the U S economy right I mean the war torn housing market is finally ready to check out of the rehabilitation center Prices are up for 21 consecutive months and counting The slumbering manufacturing sector is springing back to life too The latest Philly Fed Manufacturing report jumped three po...
WFC
3 High Yielding ETFs That Hit 52 Week Highs
There are scores of writers commentators and analysts who have declared the death of bonds It should be noted that many of these people prematurely made the same declaration 10 years earlier in 2003 2004 Nevertheless the overwhelming sentiment today is that an attempt to squeeze cash flow from a stone produces more...
WFC
Laundromat Banks Too Big To Fail
As a general rule the most successful man in life is the man who has the best information Money laundering is the process by which illegally obtained cash is made to appear as if it has been obtained by legal means The following snippet is from Robert Mazur s How to Halt the Terrorist Money Train article that appeare...
WFC
Will YUM Continue To Grow In China Despite Avian Flu Outbreak
YUM Brands Inc YUM is set to report FQ4 2014 earnings after the market closes on Monday February 3rd Yum Brands is a US based restaurant company which operates through Taco Bell KFC Pizza Hut and others YUM is the largest fast food company in the world by number of units operating over 39 000 restaurants Re...
CMCSA
Florida man pleads guilty to hacking spamming scheme
By Nate Raymond Reuters A Florida man pleaded guilty on Thursday to charges stemming from his role in wide ranging hacking scheme that generated 1 3 million through the hijacking of customer email accounts to send unsolicited spam messages prosecutors said Timothy Livingston 31 entered his plea in federal co...
CMCSA
Hulu signs deals with Disney Fox for new streaming TV service
By Malathi Nayak NEW YORK Reuters Video website Hulu on Tuesday announced deals to add programing from Twenty first Century Fox and Walt Disney Co to a streaming TV service that it plans to offer in early 2017 Disney and Fox as well as Comcast Corp NASDAQ CMCSA and Time Warner Inc NYSE TWX own stakes in H...
CMCSA
NBCUniversal discussing minority stake in Euronews
NBCUniversal CMCSA 2 6 is in discussions to take a stake in European broadcaster Euronews and Euronews chief Michael Peters has been tasked with getting an agreement by year s end Reuters says That stake would likely be 15 30 sources said Control of Euronews originally conceived by state owned continental ...
WFC
Wells Fargo How To Trade Earnings
Wells Fargo WFC stock price declined to 45 on market s open yesterday after the bank announced its Q4 earnings The uptrend that followed is a great example of how to trade stocks during earnings season Once again I am going to talk about support and resistance levels Only this time I m going one timeframe at a ...
CMCSA
AT T Time Warner shares dip with worries about deal clearance
By Jessica Toonkel and Supantha Mukherjee Reuters Wall Street signaled skepticism on Monday that AT T Inc NYSE T would secure the government approvals needed to carry out its planned 85 4 billion acquisition of Time Warner Inc NYSE TWX with shares of both companies falling as analysts scrutinized the deal ...
CMCSA
T Mobile seen as top target following AT T Time Warner deal
By Malathi Nayak NEW YORK Reuters T Mobile US Inc is the likeliest acquisition target as media companies seek a wireless partner following AT T NYSE T Inc s proposed 85 4 billion takeover of Time Warner Inc NYSE TWX analysts said AT T announced the deal late on Saturday stoking urgency in the telecoms and...
CMCSA
FCC adopts tougher rules on broadband customer privacy
The FCC split on party lines again today in adopting tough new privacy regulations on broadband Internet providers rules that require an opt in before sharing most customer data That could present a problem growing advertising for big providers including Comcast NASDAQ CMCSA and Verizon NYSE VZ The vote passed 3...
WFC
Strong U S job growth rising wages boost December rate hike prospects
By Lucia Mutikani WASHINGTON Reuters U S employers maintained a strong pace of hiring in October and boosted wages for workers which could effectively seal the case for a December interest rate increase from the Federal Reserve Nonfarm payrolls increased by 161 000 jobs last month amid gains in construction hea...
WFC
U S senators raise questions over fired Wells Fargo workers
By Elizabeth Dilts and Dan Freed Reuters Wells Fargo Co N WFC has fired hundreds of employees with Wall Street licenses for improper sales practices three U S senators said on Thursday In a letter to Wells Fargo Chief Executive Tim Sloan Senators Elizabeth Warren Ron Wyden and Robert Menendez questioned ...
WFC
U S judge certifies class action against NovaStar banks
NEW YORK Reuters A federal judge on Friday said investors seeking to hold banks liable for helping underwrite more than 7 7 billion of mortgage backed securities from the now bankrupt subprime lender NovaStar Mortgage Inc may pursue their claims as a group In a 33 page decision U S District Judge Deborah Batts ...
WFC
U S stock futures surge after Clinton cleared by FBI
By David Henry and Rodrigo Campos NEW YORK Reuters U S equity index futures rallied at the open on Sunday as bullish sentiment returned to Wall Street following the largest streak of losses on the S P 500 since 1980 The 1 3 percent move in S P 500 e mini futures ESc1 cut in nearly half the losses in futures ove...
WFC
A Comprehensive Guide To Housing ETFs
The housing momentum seen in 2012 and in the first half of 2013 has slowed down in the past 3 4 months due to the recent spike in mortgage rates rising home prices tight credit availability and the political uncertainty in Washington Though interest rates are rising these are still below historical levels and hou...
WFC
A Quiet Beginning To The Week
After a week of important data last week earnings should dominate the news this week but so far Monday is beginning much like Friday ended quiet Dow futures are implying a slightly lower 17 point open with the S P lower by about three points Friday the Dow was essentially flat closing seven points lower at 1...
WFC
Will Charges Hit JPMorgan Earnings Again
JPMorgan Chase Co JPM is scheduled to release its fourth quarter and full year 2013 results tomorrow Jan 14 before the opening bell In the third quarter massive legal expenses dampened the banking behemoth s results making it report a loss of 17 cents per share This represented a pause in its strong earning...
CMCSA
U S vice presidential debate watched by 37 million on TV
NEW YORK Reuters An estimated 37 million Americans watched the U S vice presidential debate between Republican Mike Pence and Democrat Tim Kaine on television according to Nielsen data on Wednesday less than half the number who tuned in to Donald Trump s first matchup with Hillary Clinton last week The figure r...
CMCSA
Comcast will pay 2 3 million to settle U S billing probe
WASHINGTON Reuters Comcast Corp O CMCSA the largest U S cable company will pay a 2 3 million fine to resolve a federal investigation into whether the company wrongfully charged cable TV customers for services and equipment they never authorized The U S Federal Communications Commission FCC said Tuesday it...
WFC
Big Fidelity investor in Wells Fargo trimmed position in September
BOSTON Reuters Fidelity Contrafund one of the largest investors in Wells Fargo Co N WFC reduced its stake in the scandal hit bank by 5 percent in September according to the fund s latest holdings report Run by star portfolio manager Will Danoff Contrafund had a 2 2 billion stake in Wells Fargo or about...
WFC
Wells Fargo agrees to 50 mln settlement over homeowner fees
By Dena Aubin NEW YORK Reuters Wells Fargo Co N WFC has agreed to pay 50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans The proposed settlement which requires court approval was d...
WFC
SEC probes Wells Fargo over sales practice disclosures WSJ
Reuters The Securities and Exchange Commission SEC is probing whether Wells Fargo Co N WFC violated rules around investor disclosures and other matters relating to its recent sales tactics scandal the Wall Street Journal reported on Wednesday The SEC sent requests to Wells Fargo for documents in recent we...
WFC
Credit Suisse says to sell client relationships to Bank CIC
ZURICH Reuters Credit Suisse SIX CSGN has agreed to sell an unspecified number of client relationships to Credit Mutuel owned BFCM UL Bank CIC Switzerland a spokeswoman for Credit Suisse told Reuters on Thursday The sale is part of a scaling back by Credit Suisse of its client book amid rising regulatory...
WFC
Wells Fargo CEO sees relatively quick review of sales practices
By Dan Freed Reuters Wells Fargo Co s N WFC CEO Tim Sloan said on Thursday a comprehensive review of the bank s sales practices would be done relatively quickly and unveiled a series of immediate changes at the bank s retail unit under new division boss Mary Mack Management is reaching out to employees who...
WFC
Pennsylvania Treasury suspends Wells Fargo from trading
Reuters Pennsylvania Treasurer Timothy Reese said on Thursday that he suspended Wells Fargo Co N WFC from any treasury investment or trading activities in the state for a year because of its fraudulent accounts scandal The Pennsylvania Treasury said it will continue to monitor the situation and may re eval...
WFC
Steel Stocks Head Fake Or Legitimate Breakout
The world s newest Nobel Prize winning economist Robert Shiller didn t mince words this weekend He told Germany s Der Spiegel magazine I am most worried about the boom in the U S stock market Why Because our economy is still weak and vulnerable says Shiller While I don t share his concerns about U S s...
WFC
5 Growth Oriented Mutual Funds
A single minded focus toward capital appreciation is what best characterizes growth funds This purity of style is further established by the fact that investors can expect few or no dividend pay outs from such mutual funds But investing in this class of funds requires a relatively higher appetite for risk than those ...
WFC
Tech Stocks The Week Ahead
Last week Yahoo YHOO continued on its buying spree this time with a focus on video while Intel INTC shares responded to data that the disrupting tablet market could be letting off Yahoo s Video Investments Continue Last week Yahoo made three acquisitions two of which could help video delivery at the company ...
WFC
Housing Starts Surge To The Highest Level Since 2008
So much for wondering about the resiliency of the housing recovery Yesterday s update on housing starts puts to rest the idea that the sector s growth is fading New residential construction in November surged nearly 23 vs the previous month Newly issued building permits for private housing retreated a bit but rema...
WFC
Homebuilders Stock Outlook December 2013
The housing momentum seen in 2012 and in the first half of 2013 has slowed down a bit in the past 3 4 months due to the recent spike in mortgage rates rising home prices tight credit availability and the political uncertainty in Washington While interest rates are rising they are still below historical levels and h...
WFC
Homebuilding Stocks and ETFs Surging Outpacing The Broad Market
Most of the homebuilding stocks and related ETFs are surging easily outpacing the broad market in the process First the Federal Reserve committed to keep the interest rate at lower levels for some time despite its plan to curtail the ongoing stimulus program by 10 billion beginning next month Low interest rates ...
CMCSA
NBC signs deal to create original content for Snapchat
Reuters Comcast NASDAQ CMCSA Corp s NBC Universal said on Monday it has signed a multi year content and advertising deal with Snapchat to produce original shows for the messaging app The first of these shows to premiere will be The Voice on Snapchat based on the reality singing show The Voice will debut on...
CMCSA
Windowless bunker brings NBC s marathon Rio Games operation to life
By Liana B Baker RIO DE JANEIRO Reuters The epicenter for one of the biggest media operations at the Rio Olympics is a 75 000 sq feet 6 970 sq meters maze of windowless rooms lit by thousands of monitors that serves as the backbone of NBC s exhaustive Olympics coverage Just one product of it is Michael Phe...
CMCSA
China launches anti trust probe into Comcast DreamWorks deal
BEIJING Reuters China s commerce ministry will launch an anti monopoly probe into Comcast Corp s O CMCSA planned purchase of DreamWorks Animation after receiving unspecified complaints that the U S media deal could hurt competition in the Chinese market The investigation comes as China s anti trust watchdog has...
CMCSA
Organizers name TV journalists to moderate U S presidential debates
WASHINGTON Reuters Journalists from NBC ABC CNN and Fox News will moderate the three scheduled debates between U S presidential candidates Hillary Clinton and Donald Trump ahead of the Nov 8 election the nonpartisan group organizing the events said on Friday NBC anchor Lester Holt will ask questions at the fi...
CMCSA
China s government flexes muscles with Uber DreamWorks probes
By Adam Jourdan and Michelle Price SHANGHAI HONG KONG Reuters The Chinese government said on Friday it was investigating two high profile takeover proposals involving U S companies the latest sign of its growing influence on whether deals are approved even those appearing to have little impact in China The Com...
CMCSA
Market rally has U S fund managers eyeing smaller companies
By David Randall NEW YORK Reuters With the U S stock market near record highs some mutual fund managers say they are opting to go small picking up the shares of companies with tiny market values that may have more room to grow Companies with smaller market capitalizations are typically seen as riskier because t...
CMCSA
AT T s T Stream Saver To Cut Data Costs For Customers
AT T Inc NYSE T has announced that it help wireless customers save data costs by offering them a choice to stream videos at a lower DVD quality 480p The feature dubbed as Stream Saver is similar to the ones offered by T Mobile US Inc NYSE T in its Binge On services Notably the service has received ...
WFC
U S mall investors set to lose billions as retail gloom deepens
By Herbert Lash and Joy Wiltermuth NEW YORK Reuters IFR The dramatic shift to online shopping that has crushed U S department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit Weak September core retail sal...
WFC
Major banks mark first ever international trade using blockchain tech
By Byron Kaye SYDNEY Reuters The first cross border transaction between banks using multiple blockchain applications has taken place Commonwealth Bank of Australia and Wells Fargo NYSE WFC Co said on Monday resulting in a shipment of cotton to China from the United States Australian cotton trader Brighann ...
WFC
Wells Fargo says head of capital finance to retire
Reuters Wells Fargo NYSE WFC Co said on Monday that Henry Jordan chairman and chief executive officer of Wells Fargo Capital Finance would retire on Dec 31 Capital Finance will be joined with newly formed Wells Fargo Commercial Capital following Jordan s retirement Guy Fuchs will head Capital Finance un...
WFC
Credit card issuer Synchrony Financial joins blockchain group
Reuters Synchrony Financial said on Monday its has joined R3 a group of companies working on blockchain technology making it the first credit card issuer to join the consortium Blockchain is a web based transaction processing and settlement system whose efficiency banks say could slash costs It creates a golde...
WFC
Wall Street leaders too insulated says watchdog for U S rescue fund
By Patrick Rucker WASHINGTON Reuters Wall Street executives are too shielded from prosecution and should answer for misdeeds committed by underlings the watchdog for a multibillion dollar bailout said on Wednesday Senior banking officials should attest each year that their companies are free of criminal fraud and...
WFC
Oft divided SEC speaks with one voice when suing corporations records
By Sarah N Lynch WASHINGTON Reuters The U S Securities and Exchange Commission has released a collection of internal voting records long held secret that reveal it to be less divided than is commonly thought The new data reveal that the agency s commissioners vote unanimously almost every time they take compan...
WFC
Market Views Tepid Growth As Taper Later Signal
Fundamental Coals Have Not Caught Fire Those of you who have experience with old school charcoal grills know lighter fluid is used to prime the proverbial pump until the coals can take over Quantitative easing QE is the Fed s lighter fluid for the economy The hope is that money printing will help spark economic gro...
WFC
Alternative ETFs Can You Increase Your Risk Adjusted Performance
Is anyone bothered by the bizarre relationship between a sub par economy and ever rising stock prices In brief dismal hiring coupled with negligible wage growth encourage the Federal Reserve to continue suppressing interest rates with its emergency bond buying program Corporations use the ultra low rates to refinanc...
WFC
New Trend AThird Of Americans Need to Work Until 80
According to the just released annual Wells Fargo Company Middle Class Retirement Study about 60 of middle class Americans say that getting monthly bills paid is their top concern This number stood at 52 in the 2012 study Source Wells Fargo Company October 23 2013 But there are more depressing results of...
WFC
Indian Rupee Gained Against The US Dollar
USD INR The Indian rupee gained against the US dollar on Monday as per our expectations supported by a rally in domestic equities Strength in rupee was mainly driven after the US Federal Reserve s chairperson nominee Janet Yellen on Friday said that she would continue the current monetary stimulus program Sensex ros...
CMCSA
Comcast to offer prepaid TV and internet service
By Malathi Nayak NEW YORK Reuters Comcast Corp NASDAQ CMCSA the No 1 U S cable company said on Thursday it will introduce prepaid TV and internet services to attract customers whose credit ratings do not quality them for postpaid services The service will roll out later this year in Illinois Michigan Geor...
CMCSA
NBC has sold 1 2 billion in Olympics advertising
By Liana B Baker RIO DE JANEIRO Reuters NBC a unit of Comcast Corp NASDAQ CMCSA has sold 1 2 billion in advertising for the Summer Olympics in Rio de Janeiro the network said on the eve of a rare Games where some of the most high profile contests will air live in prime time for U S audiences The official U...
CMCSA
American TV viewers slam NBC for delaying Rio broadcast
RIO DE JANEIRO Reuters American TV viewers used social media on Friday to vent their anger at U S broadcaster NBC for delaying the screening of the opening ceremony of the Rio Games by an hour and then going to repeated commercial breaks during the show NBC a unit of Comcast Corp NASDAQ CMCSA has the U S med...
WFC
Massachusetts latest to bar Wells Fargo as underwriter
By Hilary Russ Reuters The state of Massachusetts will stop using Wells Fargo Co N WFC as a bond underwriter for a year joining a growing list of state and local governments to suspend business with the bank after revelations it opened millions of unauthorized accounts Massachusetts Treasurer Deborah Goldbe...
WFC
Ecuador bank s suit against Wells Fargo over cyber heist can go forward ruling
By Nathan Layne Reuters A lawsuit by an Ecuadorean bank alleging that Wells Fargo Co N WFC is liable for authorizing the transfer of 12 million stolen in a 2015 cyber heist can go forward a U S judge ruled on Tuesday The decision by U S District Judge Lewis Kaplan in Manhattan was in response to Wells Fa...
WFC
California launches criminal probe into Wells Fargo account scandal
By Sarah N Lynch WASHINGTON Reuters The California Attorney General s Office has launched a criminal investigation into Wells Fargo N WFC over allegations it opened millions of unauthorized customer accounts and credit cards according to a seizure warrant seen by Reuters Attorney General Kamala Harris author...
WFC
Bank rewards must promote good conduct Fed s Dudley
NEW YORK Reuters Banks need to continue to monitor the way they reward employees to ensure they promote good conduct one of the top U S financial regulators said on Thursday To put it very simply incentives drive behavior and behavior establishes the social norms that drive culture said William Dudley pres...
WFC
Possible US Compromise Sets Mood In The Markets
On Friday key stock indexes of Europe showed positive dynamics the second day in a row based on the information that the Congress of the USA can agree on raising the level of the national debt of the country having reduced thereby the threat of a possible default It should be noted that negotiations of politician...
WFC
Goldman Earnings Show Mixed Bag
The Goldman Sachs Group Inc s GS third quarter 2013 earnings per share came in at 2 88 significantly surpassing the Zacks Consensus Estimate of 2 48 Moreover the reported earnings outpaced the year ago figure of 2 85 per share Amid challenging global markets better than expected results were driven by Goldm...
WFC
Reports For This Quarter See Bank Shares Slip
The current financial quarter ends today which for many firms listed on stock markets means one thing releasing data for the past three months As this quarter draws to a close anticipation of what banking firms have to tell the markets about recent performance has caused more than a little anxiety with shares in ...
CMCSA
Instagram attracting more advertising than Twitter survey
By Yasmeen Abutaleb SAN FRANCISCO Reuters Advertising agencies are for the first time turning to Instagram more frequently than Twitter for social media ad campaigns a survey released Thursday showed a further indication of weakness in an ad sales operation that has been one of the few bright spots for Twitter T...
WFC
Ohio latest to bar Wells Fargo from state business
NEW YORK Reuters The state of Ohio on Friday joined a growing list of municipalities to suspend business relationships with Wells Fargo NYSE WFC Co over a scandal involving as many as two million bogus accounts Governor John Kasich announced that for one year he is barring Wells Fargo participating in futur...
WFC
Wells Fargo CFO says has not considered giving back recent bonuses
By Dan Freed Reuters Wells Fargo Co N WFC CFO John Shrewsberry said on Friday he has not considered giving back bonuses he has earned following a scandal over unauthorized accounts Wells Fargo which reported third quarter earnings on Friday has been reeling over revelations that branch staff opened as many...
WFC
Is Washington Moving Toward Resolution
Some tell tale signs of thaw in DC are raising hopes that the two sides may have finally started moving towards a resolution Hard to tell if it will result in ending the shutdown and the debt ceiling issue but the markets find these developments reassuring enough to start today s session on a positive note This morni...
WFC
JPM WFC In Play Today
This morning the S P 500 Index e mini futures ES Z3 are trading lower by 1 00 point to 1684 00 per contract Generally after a big rally in the stock market such as the one yesterday the major stock indexes will pause or pullback slightly So traders should look for a flat trading session by the close Earlier tod...
WFC
Friday s Swing Trade Hit List
The all short list on Friday s is a theme that I like to do since I focus more heavily on the long watch lists thoughout the week So Friday s is my chance to get Shorts their complmete moment in the spot light Here are the swing trade setups SHORT Wells Fargo WFC SHORT Trinity Industries TRN SHORT PNC Finan...
WFC
U S Markets Snap 2 Week Losing Streak
Stocks rose for a second day Friday lifting the major averages to weekly gains as the White House and Congressional leaders continued work on legislation to raise the national debt limit and reopen the federal government All 10 industry sectors in the S P 500 ended with gains as investors largely shrugged off new da...
WFC
What A Week Yellen The Shutdown And Malone
Wow What an interesting week it has been on Wall Street and in the world at large The most obvious event is the ongoing drama in Washington D C regarding the debt ceiling negotiations government shutdown and budget issues as well as Obamacare I would just call attention to the fact that the Japanese and Chinese s...
CMCSA
Golf Channel unveils Olympics plans NBC says no shows to have regrets
By Liana B Baker Reuters NBC s Golf Channel on Tuesday said it plans to air 300 hours of Olympic golf coverage from Rio de Janeiro in August 130 of them live but several top player no shows could dampen interest As an event returning to the Olympics after more than 100 years some industry experts are concerned...
CMCSA
YouTube plans online TV service Bloomberg
Reuters Alphabet Inc s YouTube is working on a paid subscription service called Unplugged that would offer customers a bundle of cable TV channels streamed over the Internet Bloomberg reported The project is slated to debut as soon as 2017 Bloomberg reported on Wednesday citing people familiar with the plan ...
CMCSA
NBC to stream over 6 000 hours of Olympics 2016 content
NEW YORK Reuters Comcast NASDAQ CMCSA Corp s NBC unit will stream live over 6 000 hours of competition from the Summer Olympics in Rio de Janeiro Chief Executive Officer Brian Roberts said on Monday The cable and media giant will have added improved search and personalization features on its X1 platform for vie...
CMCSA
Two men plead guilty in U S to hacking spamming scheme
By Nate Raymond Reuters Two men pleaded guilty in New Jersey on Thursday to playing roles in a wide ranging hacking and spamming scheme that targeted personal information of 60 million people including Comcast Corp NASDAQ CMCSA customers prosecutors said Tomasz Chmielarz 33 pleaded guilty in federal court in...
CMCSA
AT T T Downgraded To Sell Intense Competition A Reason
On Oct 3 wireless carrier AT T Inc NYSE T was downgraded to a Zacks Rank 4 Sell You can see AT T has been facing intense competition from peers compelling it to lower the price of its services This will dent AT T s margins going ahead Additionally the entry of cable MSOs like Comcast Corporation NASDAQ...
WFC
Wells Fargo complaints show flaws in federal whistleblower program
By Sarah N Lynch WASHINGTON Reuters Former Wells Fargo Co N WFC general manager Claudia Ponce de Leon filed a whistleblower complaint in December 2011 with federal labor regulators alleging she was fired for telling superiors about employees opening unauthorized accounts Nearly five years later she has n...
WFC
Wells Fargo shares move higher after Q3 profit beats consensus
Investing com Shares is Wells Fargo NYSE WFC moved slightly higher in pre market trade on Friday after reporting mixed third quarter earnings Wells Fargo said earnings per share came in at 1 03 in the three months ended September 30 down from 1 05 a share a year earlier but above expectations for earnings of...
WFC
Wells Fargo Q3 EPS 1 03 vs estimate of 1 01
Investing com Wells Fargo s third quarter earnings beat estimates The bank Friday reported Q3 EPS of 1 03 vs estimate of 1 01 year earlier 1 05Revenues rose 2 yoy to 22 3 bn vs estimate of 22 43 bn Wells Fargo NYSE WFC shares up 0 25 at 44 85 in pre market trade Account fraud by bank employees expected...
WFC
Homebuilder Stocks Fall 20 Since May What Does It Mean
The U S housing market is hot home prices are going up and up At least that s what the mainstream s saying The S P Case Shiller 20 City Composite Home Price Index considered a key indicator of the U S housing market increased to 159 18 in July In June it stood at 158 20 Since the beginning of the year the in...
WFC
Debt Limit The Fed and Interest Rates
Today s shutdown is the culmination of over two years of political turmoil in the wake of the Budget Control Act of 2011 which capped federal spending sequestration and brought to the forefront the need to reign in federal spending October 1 2013 John Silvia chief economist of Wells Fargo Securities and my reg...
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Shutdown And The Q3 Earnings Season
We didn t get the September jobs report thanks to the government shutdown and the impasse promises to steal the limelight from the 2013 Q3 earnings season With the October 17th debt ceiling deadline fast approaching we can only hope that we move past these hurdles without further damage The Q3 reports have been tri...
WFC
3 Financial Charts You Can Bank On
Wells Fargo WFC and JP Morgan JPM release earnings Friday They will cause the trade to focus on the financial sector A scan of Zacks Rank 1 Strong Buy financial stocks drummed up some interesting looking chart formation Despite a solid performance this year a number of financial shares either remain in an up...
CMCSA
Comcast earnings beat estimates
Investing com Comcast NASDAQ CMCSA posted better than expected results on Wednesday topping analysts estimates The largest U S cable operator said total revenue rose 5 3 to 18 8 billion Analysts on average had expected earnings of 18 64 billion Net income grew 3 6 from the year ago period to 2 13 billio...
WFC
SEC questioned Wells Fargo about cross selling in 2014
By Patrick Rucker and Sarah N Lynch WASHINGTON Reuters The U S Securities and Exchange Commission raised questions about Wells Fargo Co s N WFC aggressive cross selling in late 2014 according to regulatory paperwork almost two years before officials settled with the bank for opening phony accounts In Dec...
WFC
Wells Fargo CEO John Stumpf quits replaced by Tim Sloan
By Dan Freed and Elizabeth Dilts NEW YORK Reuters Wells Fargo NYSE WFC Co s veteran chairman and chief executive officer John Stumpf abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank s reputation and put Wall Street under renewed scrutiny San Francisco based...
WFC
Wells Fargo Q3 EPS estimated at 1 01 on revenues of 22 06 bn
Investing com Wells Fargo NYSE WFC Q3 EPS estimated at 1 01 on revenues of 22 06 bn EPS has been steady at just over 1 for past three years revenues seen up 1 in Q3 San Francisco based lender will report earnings before the market opens on Friday Focus on account fraud committed by thousands of bank employee...
WFC
Top 5 things to watch today
Investing com Gloomy China trade data spooks investors Fed rate hike bets boost U S dollar to 7 month highs Global stocks drop amid Fed rate hike chatter weak China data U S weekly oil stockpile data ahead Wells Fargo NYSE WFC CEO Stumpf retires effective immediately
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U S stock index futures lower on Fed rate hike noise
Investing com U S stock index futures lower Thursday on Fed rate hike talk The Dow futures was down 0 51 at 06 45 ET while the S P 500 futures fell 0 53 The tech heavy Nasdaq futures gave up 0 58 September FOMC meeting minutes strengthen odds for December hike Investors look to official EIA stockpile data as indu...
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Wall St lower on U S rate talk weak China data
Investing com U S stocks lower early Thursday on U S rate hike bets weak China trade data The DJI was down 0 86 at 09 45 ET while the S P 500 shed 0 86 The tech heavy Nasdaq composite gave up 1 18 Weekly jobless claims at 43 year low 246 000 against forecast of 254 000 Wells Fargo NYSE WFC down 0 95 at 4...
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Old problems overshadow new era at Wells Fargo
By Dan Freed NEW YORK Reuters The Tim Sloan era has begun at Wells Fargo N WFC but the old problems remain The newly installed chief executive faces a plethora of challenges following a sales practices scandal that felled his predecessor John Stumpf He needs to restore the bank s reputation after revelations...
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Gold From Price Plundered Toward 1500
They had every chance to wreck Gold this past week especially Friday and place it below the solid Market Profile support that spans from Base Camp 1377 down into the 1360s of which we wrote a week ago Indeed in anticipation for two weeks now of at least some profit taking they did take a run at it late in the w...
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Fed s Flawed Playbook Is Scoreless
The surprise delivered by Ben Bernanke with the FOMC voting to keep QE3 intact is well documented by now and markets are adjusting to new guidance whatever that is while the underlying economic message is less than inspiring During the press conference a reporter asked Was it a surprise It certainly looks that w...