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CMCSA
Regional Feds head hunting under scrutiny over insider bias delays
By Jonathan Spicer and Michael Flaherty NEW YORK WASHINGTON Reuters Efforts to fill top positions at some U S Federal Reserve regional branches are casting a spotlight on a decades old process that critics say is opaque favors insiders and is ripe for reform Patrick Harker took the reins as president of the Ph...
CMCSA
AT T T Expansion Plans On Track 400G Prospects Bright
AT T Inc NYSE T has had a solid run so far in the U S Ethernet market thanks to the company s extensive Ethernet footprint expansion as well as higher demand for 40G and 100G services Powered with high bandwidth 40G and 100G services were initially popular in the financial educational and healthcare industry ...
CMCSA
Under fire for comments Trump weighs in on California shooting
By Ellen Wulfhorst NEW YORK Reuters A random fatal shooting in San Francisco allegedly by an immigrant proves the United States must tighten its borders according to a statement on Friday by U S presidential candidate Donald Trump who is facing heavy criticism for his comments about Mexicans Kathryn Steinle ...
CMCSA
Another golf event drops Trump course due to attack on immigrants
By Steve Holland WASHINGTON Reuters Republican U S presidential candidate Donald Trump suffered a fresh blow on Tuesday with the announcement that a professional golfing event scheduled for October at a Trump course in Los Angeles will be moved the latest fallout from his vitriol against undocumented immigrants f...
WFC
Wells Fargo Advisors names David Kowach new head
NEW YORK Reuters Wells Fargo Company NYSE WFC named David Kowach to head its retail wealth management division Wells Fargo Advisors the nation s third largest brokerage on Thursday Kowach was promoted from his job overseeing roughly 11 000 brokers in the bank s Private Client Group He succeeds Mary Mack ...
WFC
Legg Mason s Bill Miller leaves firm amid faded glory
By Richard Leong and Ross Kerber NEW YORK BOSTON Reuters Legg Mason Inc s Bill Miller whose mutual fund beat the S P 500 handily for 15 consecutive years at the turn of the century is riding off into the sunset after his recent lagging returns left a trail of disappointed investors Miller one of the last househ...
WFC
Global stocks recede from highs dollar and yields weaken
By Lewis Krauskopf NEW YORK Reuters U S stock indexes pulled back on Friday from record peaks amid soft U S economic data that also weighed on the dollar and Treasury yields and tempered expectations of a near term rise in U S interest rates A short covering rally extended gains for oil prices which were on tr...
WFC
Dollar dips as retail sales data stokes growth concerns
By Karen Brettell NEW YORK Reuters The U S dollar weakened on Friday after U S retail sales were unexpectedly flat in July while producer prices also fell in the same month contrary to expectations raising concerns about the strength of third quarter economic growth Economists had forecast overall retail sale...
WFC
Before a career break millennials need a money game plan
By Bobbi Rebell NEW YORK Reuters The opinions expressed here are those of the author a columnist for Reuters Until a month ago Andrew Lampert was moving up the career ladder in New York City as a pricing manager at an auto parts company Now national parks are what Lampert 28 and his girlfriend Elise Murph...
WFC
Euro Gained On Upbeat German Euro Zone Economic Sentiment Data
EUR USD title EUR USD width 866 height 356 For the 24 leading hours to 23 00 GMT the EUR rose 0 34 against the USD and closed at 1 3395 as investors ditched the safe haven greenback and opted for the higher yielding single currency after the German and the eurozone s economic sentiment indexes data beat mar...
WFC
US Home Prices Rising Construction Commodity Prices Lagging
The monthly Construction MMI registered a value of 92 in March on par with February s value Drops in US shredded scrap and aluminum prices tempered ferrous price increases resulting in a holding pattern for our construction metals index Single family housing starts home prices and the Architecture Billings Inde...
CMCSA
Bigger teeth scarier thrills revive a dormant Jurassic World
By Piya Sinha Roy LOS ANGELES Reuters The dinosaurs are bigger the rides are scarier and there s a dashing new leading pair as the main attraction Jurassic World is open for business again and hoping to entice a new generation used to getting more bang for its movie buck The film out in U S theaters on Frida...
CMCSA
Deutsche Telekom talks to Comcast about T Mobile US sale Manager Magazin
FRANKFURT Reuters Deutsche Telekom XETRA DTEGn is in talks with U S cable company Comcast NASDAQ CMCSA about a potential sale of T Mobile US German Manager Magazin reported on Wednesday citing sources Deutsche Telekom is in talks with several parties including satellite provider Dish according to the maga...
CMCSA
Brian Williams dropped from NBC s Nightly News will join MSNBC
By Paricia Reaney NEW YORK Reuters Television newsman Brian Williams who was suspended for fabricating a story about being on board a helicopter when it was attacked in Iraq has been dropped as anchor of the top rated NBC Nightly News program the network said on Thursday Williams 56 will join the network s ...
CMCSA
Brian Williams fall at NBC ends era of the celebrity news anchor
By Piya Sinha Roy LOS ANGELES Reuters Fifty years ago TV network news anchors such as Walter Cronkite were the trusted familiar faces watched by millions of Americans who tuned in every night to watch them deliver the news with authority Now in an era of news delivered around the clock on the Internet cable te...
CMCSA
Friday The 13th Freddy Vs Jason Comcast Vs Viacom
Double dose of danger today out there people First it s Friday the 13th I don t know why people freak out about that but it s fun to talk about To celebrate cable channel Syfy owned by Comcast NASDAQ CMCSA is airing a Nightmare On Elm Street marathon All day viewers will be horrified by the notorious Freddy K...
WFC
Sprint says to be cash flow positive next year shares soar
By Aishwarya Venugopal Reuters Sprint Corp N S reported better than expected first quarter revenue as big discounts attracted more postpaid subscribers and the No 4 U S wireless carrier said it expected to be cash flow positive next fiscal year after breaking even this year The company s shares surged more th...
WFC
In clash of billionaires Bloomberg calls Trump White House race a con
By Amy Tennery and Jonathan Allen PHILADELPHIA Reuters New York media mogul Michael Bloomberg assailed fellow billionaire Donald Trump on Wednesday calling his U S presidential race a con and ripping into his history of bankruptcies and lawsuits Trump says he wants to run the nation like he s running his busi...
WFC
Data in focus as market struggles for direction
By Rodrigo Campos NEW YORK Reuters Wall Street seeking direction as the S P 500 has been stuck in a narrow trading range for 12 days will next week shift its attention from second quarter corporate earnings reports to economic data Investors will be looking for signs of economic strength to reinforce the positiv...
WFC
Housing CPI And Why I Only Have A Nickel Left
In the daily download of economic data points two in particular jumped out at me the NAHB Wells Fargo Housing Market Index and CPI While both reports were a positive for the economy in the short term it was the broader aspect which sparked my curiosity Home Builder Sentiment Ahead Of FundamentalsThe release of th...
CMCSA
Americans prefer picking TV channels to buying bundles Reuters Ipsos
By Jennifer Saba Reuters A vast majority of Americans would prefer to assemble their own pay TV channels rather than subscribe to packages that include dozens or hundreds of networks a new Reuters Ipsos poll found in a challenge to traditional television distribution Seventy seven percent of U S adults said they...
CMCSA
No classwide damages in U S sports blackout case court rules
By Jonathan Stempel NEW YORK Reuters A federal judge said sports fans accusing Major League Baseball the National Hockey League and broadcasters of illegally restricting their ability to watch their favorite teams on TV cannot pursue damages as a class U S District Judge Shira Scheindlin in Manhattan on Thursday...
CMCSA
FCC chairman reached out to Time Warner Cable Charter CEOs WSJ
Reuters Federal Communications Commission Chairman Tom Wheeler reached out to the chief executives of Time Warner Cable Inc NYSE TWC and Charter Communications Inc to convey that the agency is not against cable deals the Wall Street Journal reported Wheeler told the CEOs that any deal would be assessed on its ...
CMCSA
Vox Media acquiring tech news website Re code
LOS ANGELES Reuters Vox Media owner of The Verge and other websites is acquiring Revere Digital the company that owns technology news website Re code according to a post on the Re code website on Tuesday Comcast Corp NASDAQ CMCSA s NBCUniversal exchanged its minority interest in Re code for shares in Vox Med...
CMCSA
Frontier Communications FTR What s Up In Q1 Earnings
Frontier Communications Corporation NASDAQ FTR is slated to release first quarter 2016 results on May 3 before the market opens In the last reported quarter the company s earnings missed the Zacks Consensus Estimate by a huge 266 67 However the company has delivered positive earnings surprises in three of the...
CMCSA
AT T Greatly Increases The Cost Of Cutting The Cord
AT T NYSE T has apparently lost patience with customers who forgo TV packages to stream content with internet only service The company s newest pricing model greatly increases costs for these cord cutters On April 29 2016 I received an email from AT T announcing a dramatic change to the company s internet servi...
WFC
Wells Fargo to buy London office block shrugging off Brexit fears
Investing com Wells Fargo NYSE WFC to buy office development project in London s City financial district Move suggests U S bank confident London to remain major financial center post Brexit Eleven story project acquired from HB Reavis to be completed in Q3 of 2017 It will allow Wells Fargo to accommodate all ...
WFC
Wells Fargo agrees City of London office buy shrugs off Brexit fear
LONDON Reuters Wells Fargo NYSE WFC has agreed to buy an 11 storey office development project in London s City financial district from HB Reavis the U S bank said on Monday one of the largest UK real estate deals since Britain voted to leave the European Union The purchase of the building at 33 Central Kin...
WFC
Wells Fargo to roll out pilot robo adviser in first half of 2017
NEW YORK Reuters Wells Fargo NYSE WFC Co s wealth management business plans to roll out a pilot version of a robo adviser service during the first half of 2017 a spokeswoman said on Wednesday Robo advisers are computer software programs that manage client money using algorithms and computer generated portfo...
CMCSA
Time Warner Cable Cox Communications deny report of merger talks
Reuters Time Warner Cable Inc NYSE TWC and Cox Communications Inc COXC UL denied a Wall Street Journal report on Monday that Time Warner Cable had approached Cox Communications to discuss a potential merger Cox Communications did not show interest in the discussions the Journal reported citing people fami...
CMCSA
Boxing fans accuse Pacquiao of concealing injury
Reuters Boxer Manny Pacquiao has been sued in several U S courts by people who said they paid to watch him fight Floyd Mayweather Jr in the Fight of Century but felt defrauded by Pacquiao s failure to disclose a pre bout shoulder injury At least five lawsuits were filed against Pacquiao on Tuesday in federal c...
CMCSA
Why Has RGR Returned 5X The S P 500
Quick how many Comcast Corp NASDAQ CMCSA technicians does it take to fix a DVR Eight evidently and my DVR is still not working after five weeks of calling offshore customer service centers visiting technicians who are guaranteed to arrive within a two hour window and even the company s executive resolution te...
WFC
Wells Fargo shares move lower after in line Q2 earnings
Investing com Wells Fargo NYSE WFC the third largest U S bank second quarter earnings and revenue ahead of Thursday s opening bell that were in line with consensus sending its shares lower in pre market trade Wells Fargo said adjusted earnings per share came in at 1 01 in the three months ended June 30 up ...
WFC
Wells Fargo beats appeal over voided Money Store verdict
By Jonathan Stempel NEW YORK Reuters A federal appeals court on Friday rejected a bid to revive a 54 8 million jury verdict against Wells Fargo NYSE WFC Co saying the trial judge had authority to take the drastic step of decertifying the class action after the award was made In a decision that could end ...
WFC
Euro Gains As Investor Risk Appetite Improves
EUR USD title EUR USD width 680 height 457 For the 24 hours to 23 00 GMT EUR rose 0 51 against the USD and closed at 1 3229 as signs of headway in negotiations on the US fiscal cliff buoyed investor sentiment and amid encouraging US economic data Meanwhile S P s decision to upgrade Greece s sovereign cred...
WFC
Wells Fargo The Time Is Now
Twenty twelve was a great year for Wells Fargo Co WFC especially in the last few of months when everything seemed to go its way The steep increase in the existing home sales accelerated the surge in stock prices making its outstanding loans more valuable On top of that the Fed helped the company indirectly thr...
CMCSA
Seth MacFarlane wins in lawsuit claiming he stole Ted idea
By Jonathan Stempel Reuters A California production company that sued Seth MacFarlane for allegedly stealing its idea for a foul mouthed talking bear with a penchant for drinking drugs and prostitutes for his 2012 hit movie Ted has withdrawn its copyright lawsuit Bengal Mangle Productions LLC had contended in a...
CMCSA
Comcast to form investment company with CFO at helm
Reuters Comcast Corp O CMCSA the largest U S cable operator will form a company to invest in growth oriented companies both in the United States and international markets and it said its finance chief would leave his post and head the new company The new company will have total capital commitments of up to ...
CMCSA
Video streaming service Hulu wins dismissal of U S privacy lawsuit
By Jonathan Stempel Reuters Hulu won the dismissal of a lawsuit in which users accused the video streaming service of illegally violating their privacy by sharing their viewing histories with Facebook Inc NASDAQ FB U S Magistrate Judge Laurel Beeler in San Francisco on Tuesday found no proof that Hulu knew it...
CMCSA
Justice Dept staff may oppose Comcast Time Warner Cable deal Bloomberg
By Jennifer Saba and Malathi Nayak Reuters Staff attorneys at the Justice Department s antitrust division are nearing a recommendation to block the proposed 45 billion merger of Comcast Corp NASDAQ CMCSA and Time Warner Cable Inc NYSE TWC Bloomberg reported on Friday citing people familiar with the matter A...
CMCSA
Comcast Time Warner Cable to meet DoJ officials over merger WSJ
Reuters Representatives of Comcast Corp O CMCSA and Time Warner Cable Inc N TWC are preparing to meet U S Department of Justice officials to discuss competition concerns raised by the planned 45 billion merger of the two cable giants the Wall Street Journal reported on Saturday The meeting next Wednesday wo...
CMCSA
FTSE Outperforms As Oil And Metals Recover
FTSE outperforms as oil metals recover Asian currencies were better bid as Chinese officials announced plans to take further stimulus measures in terms of fiscal and monetary policies The optimism gave a boost to commodity and related assets Shanghai s Composite recovered earlier losses in the session and traded 0 2...
WFC
Wells Fargo joins FX settlement system CLS
LONDON Reuters U S bank Wells Fargo N WFC has joined the more than 60 banks worldwide that process currency transactions directly through the settlement systems run by U S based lender CLS the two banks said in a statement on Tuesday CLS owned by dozens of the world s largest commercial banks has allowed ...
WFC
Weak consumer capital goods curb U S import prices
By Lucia Mutikani WASHINGTON Reuters U S import prices rose less than expected in June as rising costs for petroleum products were offset by declining consumer and capital goods prices suggesting inflation could remain benign for a while The marginal increase reported by the Labor Department on Wednesday likely ...
WFC
Moody s Downgrades France On Weak Growth
EUR USD title EUR USD width 800 height 599 For the 24 hours to 23 00 GMT EUR rose marginally against the USD and closed at 1 2767 as robust housing data in the US increased investor risk appetite Earlier in the European trading hours the euro was in demand amid signs of a deal being reached to tackle the ...
CMCSA
Will Smith s Focus opens with 19 1 million to win U S box office
By Chris Michaud Reuters Will Smith s new action drama Focus booted the kinky sex tale Fifty Shades of Grey for its perch atop U S and Canadian weekend box office charts racking up 19 1 million in ticket sales Smith in his first leading role since 2013 s After Earth plays a seasoned con artist who meets...
WFC
Sale Should Bode Well For SandRidge High Yield Bond
Below are details of a High Yield bond issued by SandRidge Energy SD As part of Bondsquawk s High Yield Portfolio released earlier this bond offers an investor an opportunity to capture high income with the potential for price appreciation SandRidge Energy CUSIP 80007PAL3 8 75 Fixed Coupon Paid Semi Annual basi...
CMCSA
India s censor blocks Fifty Shades of Grey from cinemas
By Shilpa Jamkhandikar MUMBAI Reuters India s government censors have said they will not allow the big screen adaptation of erotic novel Fifty Shades of Grey to be shown in Indian cinemas a decision most had anticipated in the largely conservative country The chief executive of the Central Board of Film Certifi...
CMCSA
SXSW fans see late Paul Walker s Furious 7 send off
By Piya Sinha Roy AUSTIN Texas Reuters Paul Walker s final appearance in the street racing franchise Fast Furious left a preview audience teary eyed at the South by Southwest SXSW festival for the first public screening of the last film the actor made before he died in a car crash In the film Vin Diesel s ...
CMCSA
Rand Paul woos donors and hackers at tech conference
By Sarah McBride AUSTIN Tx Reuters As his likely rivals spent the weekend shaking hands in New Hampshire potential Republican candidate Rand Paul flew to Texas to court the software developers and entrepreneurs who are likely to play a central role in the 2016 election The libertarian leaning Kentucky Senator t...
CMCSA
AT T DirecTV merger escapes heat as all eyes on Comcast
By Alina Selyukh and Diane Bartz WASHINGTON Reuters AT T Inc NYSE T s proposed acquisition of satellite television company DirecTV is getting a smooth ride from U S regulators and industry rivals who instead are directing their firepower at a merger deal between the nation s two biggest cable operators U S Fe...
WFC
Your Money Same sex marriage boom not yet fueling a path to wealth
By Beth Pinsker NEW YORK Reuters A year after Travis Kelso Turner and his husband got married their to do list of financial tasks still daunts them I m still finding times I have to fill out new paperwork because of the name change said the 30 year old Las Vegas resident who is executive director of the Exec...
WFC
U S business spending weak in May Brexit seen adding more pressure
By Lucia Mutikani WASHINGTON Reuters New orders for U S manufactured capital goods unexpectedly fell in May as demand declined broadly indicating business spending will remain a drag on economic growth in the second quarter The subdued business investment persists despite data on retail sales housing and layoff...
WFC
Fed minutes suggest rate hikes on hold until Brexit impact clearer
By Jason Lange and Lindsay Dunsmuir WASHINGTON Reuters Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain s vote on EU membership according to the minutes of the Fed s June policy meeting released on Wednesday The minut...
WFC
An Assault On Yield Oriented ETFs
Are we tiring of the fiscal cliff story Is it becoming cliche to state the obvious that uncertainty over the resolution of expiring tax breaks and potential spending cuts is adversely affecting the stock market Perhaps Yet one avenue that hasn t received as much digital ink is the possibility that yield is turning...
CMCSA
Fifty Shades of Grey rakes in 81 7 million on opening weekend
By Chris Michaud Reuters Fifty Shades of Grey the widely anticipated adaptation of the best selling novel about a kinky relationship between a businessman and a college student took in 81 7 million in ticket sales to soar to the top of U S and Canadian weekend box office charts The film which stars James Do...
CMCSA
Obama chooses Clancy to be Secret Service director
WASHINGTON Reuters President Barack Obama has chosen Joseph Clancy as the new head of the U S Secret Service the White House said on Wednesday after a series of high profile security lapses led to a shake up in the troubled agency s leadership Clancy who personally helped guard the lives of three U S presiden...
CMCSA
Hit Fifty Shades of Grey retains top spot at U S box office
By Chris Michaud Reuters The hit film Fifty Shades of Grey an adaptation of the best selling novel about a kinky relationship between a businessman and a college student raked in another 23 2 million in ticket sales to lead U S and Canadian box office charts for a second week The film which stars James Dorn...
CMCSA
Eddie Redmayne wins first Oscar for Theory of Everything
LOS ANGELES Reuters Eddie Redmayne won his first Oscar on Sunday for his break out role as physicist Stephen Hawking in the biographical movie The Theory of Everything The British actor 33 took home the Academy Award for best actor for playing Hawking and the disabling complications of a motor neuron disease ...
CMCSA
Comcast revenue rises as it adds video internet customers
By Lisa Richwine Reuters Comcast Corp NASDAQ CMCSA O the largest U S cable operator posted fourth quarter revenue that marginally beat estimates as the company added new video and high speed internet customers The owner of media and entertainment company NBCUniversal also increased its stock buyback program t...
CMCSA
Comcast expects to close to Time Warner Cable deal in early 2015
Reuters Comcast Corp NASDAQ CMCSA O said on Tuesday it was optimistic that it would close its 45 billion deal to buy Time Warner Cable Inc NYSE TWC in early 2015 Chief Executive Officer Brian Roberts said during a conference call on Tuesday that lots of information gathering was taking place between Comcast...
CMCSA
New Internet rules set up industry s next battle
By Leila Abboud and Julia Fioretti BARCELONA BRUSSELS Reuters New rules that aim to protect the openness of the Internet will allow telecom and cable groups to prioritize and earn potentially vast income from some types of data setting up likely clashes with regulators in the future Telecom companies such as AT T...
WFC
Public pension funds seek infrastructure as market heats up
By Robin Respaut SAN FRANCISCO Reuters The California Public Employees Retirement System recently bought a stake in a private Indiana toll road with a troubled history one sign of how popular infrastructure investments have become among U S pension funds In May CalPERS bought a 10 percent stake of the road s c...
WFC
Fed leaves interest rates unchanged signals lower rate path going forward
By Jason Lange and Howard Schneider WASHINGTON Reuters The Federal Reserve kept U S interest rates unchanged on Wednesday and signaled it still planned two hikes this year although a slowing economic growth path for 2016 and 2017 prompted a downgrade in where the U S central bank thought rates would peak Even t...
WFC
DoubleLine s Gundlach Rate hike cycle has left the building
By Jennifer Ablan NEW YORK Reuters Jeffrey Gundlach chief executive officer at DoubleLine Capital said on Wednesday that Federal Reserve officials are no longer trying to prepare the markets for rate hikes because they are no longer certain they are going to raise them The rate hike cycle has left the buildin...
WFC
U S based fund managers eye British homebuilders banks before Brexit vote
By David Randall NEW YORK Reuters Market volatility heading into Thursday s British vote on whether to remain in the European Union is creating opportunities to buy homebuilders banks and consumer companies linked to the domestic economy in Britain contrarian fund managers from several well known firms say Their...
WFC
S P 500 Snapshot Worst Week Since Memorial Day
Despite positive pre market futures the S P 500 struggled at the open but rallied around the amazingly strong report But alas the gains had no staying power Earnings season continues to weigh heavily with the popular press pointing to concerns about shrinking profit margins in big financials e g the fine print ...
WFC
Jack Welch s Gaffe
If I could write that tweet again I would have added a few question marks at the end in order to make it clear I was raising a question he wrote Still he added the dip in unemployment is downright implausible Bloomberg reporting on Jack Welch s now infamous tweet about the employment report Welch s origin...
WFC
October Signals The Start Of Corporate Earnings Season
Stocks slipped on Friday as investors fretted over what is expected to be a weak corporate earnings season Investors failed to be cheered even by data showing Americans were the most upbeat they have been in five years as well as record quarterly profits at JPMorgan Chase and Wells Fargo As a result U S stocks post...
WFC
Greenback Rose Amid Robust US Economic Data Trading Lower This Morning
USD JPY title USD JPY width 940 height 554 For the 24 hours to 23 00 GMT the USD strengthened 0 08 against the JPY and closed at 78 86 as industrial production in the US increased more than expected and homebuilder confidence matched market expectations In the US industrial production increased 0 4 in Sep...
CMCSA
NBC to investigate anchor Williams Iraq war reporting
By Patricia Reaney NEW YORK Reuters NBC launched an internal probe on Friday into top rated Nightly News anchor Brian Williams debunked claim that he was aboard a helicopter that was downed by a rocket propelled grenade RPG during the U S invasion of Iraq in 2003 In an internal memo NBC News President Debor...
CMCSA
NBC s Brian Williams taking himself off the air for several days
NEW YORK Reuters NBC News anchor Brian Williams said on Saturday he was taking himself off the evening newscast for several days responding to intense criticism over his claims that he rode in a helicopter that was hit by a rocket propelled grenade in Iraq a decade ago In the midst of a career spent covering and...
CMCSA
Brian Williams cancels Letterman appearance NBC source
Reuters NBC News anchor Brian Williams has canceled a planned appearance with late night talk show host David Letterman this week an NBC News source said on Sunday the latest fallout over misstatements by Williams over his experience reporting on the Iraq war Williams a star anchor who has garnered high ratings...
CMCSA
NBC s Brian Williams says he assumed helicopter took damage
By Eric Kelsey Reuters NBC News anchor Brian Williams struggled to explain in an interview with U S military newspaper Stars and Stripes how he often misrepresented an Iraq war story of his helicopter coming under fire In his first published interview Williams the anchor of top rated NBC Nightly News said he...
CMCSA
U S bill seeks more Wi Fi airwaves alongside smart cars
Reuters Two U S senators on Tuesday revived legislation that seeks to allocate more airwaves to public Wi Fi by requiring regulators to quickly test how shared radio frequencies could coexist alongside those used for communications among smart cars The bill by Senators Marco Rubio a Florida Republican and Cory ...
CMCSA
NBC News anchor Brian Williams suspended after Iraq misstatement
WASHINGTON Reuters Brian Williams the anchor of NBC s top rated Nightly News program has been suspended without pay for six months after admitting last week that a story he told about coming under fire while on a helicopter during the Iraq war was not true the network said on Tuesday By his actions Brian ha...
CMCSA
NBC s Nightly News pledges to earn viewers trust after Williams suspension
WASHINGTON Reuters Acknowledging it was an enormously difficult story to report NBC Nightly News aired a segment on its broadcast on Wednesday about the six month suspension of its anchor Brian Williams and pledged to make itself worthy of viewers trust Lester Holt who is filling in for Williams opened the...
CMCSA
Fifty Shades goes global but film too hot for some countries
By Lisa Richwine LOS ANGELES Reuters The steamy novel Fifty Shades of Grey is a global phenomenon but fans in China and other countries will not be able to see the movie version in theaters even though the sex scenes have has been toned down for the big screen The film adaptation opened this week in 57 internat...
WFC
Exclusive In Ecuador cyber heist thieves moved 9 million to 23 Hong Kong firms
By Clare Baldwin and Nathan Layne HONG KONG CHICAGO Reuters Cyber thieves who stole 12 million from an Ecuadorian bank in 2015 routed the funds through 23 companies registered in Hong Kong some of them with no clear business activity according to previously unreported court filings and judicial rulings The cour...
WFC
CFPB fines ex Wells Fargo employee over mortgage fee shifting scheme
Reuters The Consumer Financial Protection Bureau CFPB fined former Wells Fargo NYSE WFC Co employee David Eghbali 85 000 and banned him from working in the mortgage industry for a year for an illegal mortgage fee shifting scheme The CFPB said from at least November 2013 to February 2015 Eghbali had an arr...
WFC
Fed reaction to data barrage is focus for stocks
By Rodrigo Campos NEW YORK Reuters Data on inflation and employment two of the economic indicators most important to a data dependent U S Federal Reserve are expected next week While Fed policymakers will be looking at those numbers as they decide whether to raise key interest rates as soon as June traders wi...
WFC
U S funds buying in to energy sector s latest bull market sand
By David Randall NEW YORK Reuters With new signs of life in U S oil fields as the price of crude has climbed back above 50 a barrel fund managers are upping their bets on an unheralded aspect of the fracking boom sand Shares of companies that mine and sell sand which is pumped into wells to make them more ef...
WFC
Weak U S productivity likely to remain a drag on profits
By Lucia Mutikani WASHINGTON Reuters U S nonfarm productivity fell less sharply than initially thought in the first quarter and labor related costs surged for a second straight quarter as companies hired more workers to raise output suggesting profits could remain under pressure The Labor Department said on Tues...
WFC
Stocks And ETFs Start Strong Skid Into The Close
U S stocks and ETFs start off strongly but fizzle into the close U S stock markets and index ETFs got off to a strong start but fizzled in the last 30 minutes of trading to close mixed with some losses and some gains in major U S markets Major U S Index ETFs Dow Jones Industrial Average NYSEARCA DIA 0 14 S P...
CMCSA
HBO tech executives leave ahead of Internet launch as network s strategy changes
By Liana B Baker NEW YORK Reuters Time Warner s TWX N HBO is preparing to sell a standalone service over the Internet for the first time in one of the most closely watched moves in pay TV history Yet the road to the launch has been far from an easy one marked by changes in strategy deadlines and the departur...
CMCSA
Need for speed US regulators raise bar for broadband Internet
By Alina Selyukh WASHINGTON Reuters U S regulators on Thursday raised the standard for high speed Internet voting that only connections with download speeds of 25 megabits per second or faster will qualify as broadband meaning fewer parts of the United States have broadband access The change in the Federal Comm...
CMCSA
Dads pups Kardashian battle for Super Bowl ad buzz
By Lisa Richwine LOS ANGELES Reuters Dads comfort crying kids and animals look adorable as brands take a play it safe route this year in the fiercely fought ad battle that will unfold during Sunday s broadcast of the Super Bowl Companies spent up to a record 4 5 million for 30 seconds during the U S football cha...
CMCSA
American Sniper is top U S box office hit for third week
By Chris Michaud Reuters Box office juggernaut American Sniper held the top spot at U S and Canadian box offices over the weekend with 31 9 million in ticket sales according to studio estimates The Oscar nominated war film directed by Clint Eastwood and starring best actor nominee Bradley Cooper as a Navy Sea...
CMCSA
Coke Budweiser win as Super Bowl ad battle gets serious
By Lisa Richwine and Jennifer Saba LOS ANGELES NEW YORK Reuters Budweiser capitalized on cuteness with the return of a puppy and Coca Cola stood out with an anti bullying message as many brands stirred emotions rather than going for laughs during the annual high stakes battle of Super Bowl commercials Companies pa...
CMCSA
Nationwide Insurance defends controversial Super Bowl ad
Reuters Nationwide Insurance defended its Super Bowl ad featuring a dead boy saying on Monday that it was intended to start a conversation about preventable accidents not sell insurance The ad labeled by one Twitter user as the most depressing ever has a young mop haired boy saying sadly that he won t be a...
CMCSA
Super Bowl draws U S record 114 4 million TV audience
Reuters The New England Patriots heart stopping 28 24 victory over the Seattle Seahawks in the Super Bowl delivered the largest television audience in U S history with an average of 114 4 million viewers network NBC said Sunday s National Football League championship game in Glendale Arizona topped last year ...
CMCSA
Buy In May And Tap Dance Away
The proverbial Wall Street adage that urges investors to Sell in May and go away in order to avoid a seasonally volatile period from May to October has driven speculative trading strategies for generations The basic premise behind the plan revolves around the idea that people have better things to do during the spr...
CMCSA
AT T s Satellite TV Gambit
With so many transformative mega deals being announced this year it s not a surprise that AT T NYSE T wants a piece of the action Regulators previously rejected AT T s plan to acquire of T Mobile US NYSE TMUS in 2011 for 39 billion Now AT T has announced its intention to purchase DIRECTV NASDAQ DTV for just...
CMCSA
5 Monthly Dividend Stocks To Consider Now
In December I compiled a list of Monthly Dividend Stocks to Snag in 2014 which has proven to be one of my most popular articles of the past year It s not hard to see the appeal of a monthly dividend particularly if you are retired and living off your investments Your expenses including everything from house and c...
WFC
Germany s JAB to take Krispy Kreme private for 1 35 billion
By Sruthi Ramakrishnan Reuters Krispy Kreme Doughnuts Inc N KKD agreed to be taken private by JAB Holding Co for about 1 35 billion as Germany s Reimann family continues to build up its global coffee empire JAB making its second big U S acquisition in just over two months has ambitions to build a global co...
WFC
Crooks terrorists tax evaders Can new shell company rule stop them
By Elizabeth Dilts and Suzanne Barlyn NEW YORK Reuters The U S Treasury Department wants to go after money launderers tax evaders and terrorists by cracking open the shell companies they use to hide cash flows but critics say a new agency effort to identify them could be easily evaded Treasury last week issued ...
WFC
MSCI fields skeptics and enthusiasts as China A share decision looms
By Michelle Price HONG KONG Reuters The world s biggest investors are divided over whether MSCI will decide next month to include China listed shares in a key global benchmark with many harboring concerns over the country s handling of last summer s rout and lack of full market access New York based index provide...
WFC
Clock did not run out on FDIC lawsuit vs big banks U S court
By Jonathan Stempel NEW YORK Reuters The U S government on Thursday won a victory in its effort to hold big banks liable for selling older toxic debt as a divided federal appeals court in New York revived a Federal Deposit Insurance Corp lawsuit over the 2009 collapse of Alabama s Colonial BancGroup Inc In a 2 1 ...
WFC
Special Report Cyber thieves exploit banks faith in SWIFT transfer network
By Tom Bergin and Nathan Layne LONDON CHICAGO Reuters Shortly after 7 p m on January 12 2015 a message from a secure computer terminal at Banco del Austro BDA in Ecuador instructed San Francisco based Wells Fargo NYSE WFC to transfer money to bank accounts in Hong Kong Wells Fargo complied Over 10 days ...
WFC
SWIFT tells banks to share information on hacks
By Tom Bergin LONDON Reuters International financial messaging service SWIFT told clients on Friday to share information on attacks on the system to help prevent hacking after criminals used SWIFT messages to steal 81 million from the Bangladesh central bank Earlier on Friday Reuters reported that Wells Fargo ...