Wells Fargo CEO Defends Bank Culture, Lays Blame With Bad Employees
John Stumpf, chief executive of Wells Fargo & Co., began to speak publicly Tuesday for the first time since the bank was slapped with a $185 million fine last week over its sales practices, defending the firm and the work he said it had already been doing to weed out bad behavior.
Key Words: Wells Fargo, bank culture
Trust Issues: Adjustment, Capability, Integrity
U.S Health Law Faces Critical Year
Significant spikes in premiums, insurer dropouts and persistently low enrollment numbers are combining to make this fall’s sign-up period a crossroads for the Obama administration’s signature health law.
Key Words: Obama Administration, Affordable Care Act
Trust Issues: Adjustment, Capability
St. Jude Medical Sues Short Seller Over Device Allegations
The medical-device maker says Muddy Waters intentionally made false claims to profit from a decline in stock.
Key Words: St. Jude, Muddy Waters
Trust Issues: Risk Tolerance, Integrity, Benevolent Concern
BlackRock Seeks More Scrutiny of Burgeoning Robo-Advice Market
BlackRock Inc. urged regulators to increase scrutiny of robo-advisors as customers flock to automated services, lured by low fees and ease of use.
Key Words: BlackRock, robo-advisors, regulators
Trust Issues: Transparency, Adjustment
EU Stresses Importance of U.S. Investment Following Apple Ruling
The European Union’s ruling that Ireland should recoup €13 billion ($14.5 billion) in allegedly unpaid taxes from Apple Inc. wasn’t an attack against the U.S. or American companies, the bloc’s taxation chief Pierre Moscovici said Saturday.
Key Words: Apple, EU ruling, US investments
Trust Issues: Adjustment, Communications, Conflict of Interests
Gulf states condemn law letting 9/11 families sue Saudi Arabia
The Saudi-dominated Gulf Cooperation Council (GCC) on Monday condemned a law passed by the United States Congress last week that would allow the families of victims of the Sept. 11 attacks to sue the kingdom’s government for damages.
Key Words: 9/11, Saudi Arabia, law suits
Trust Issues: Capability, Conflict of Interests
Alcohol Companies Push Back Against U.K. Health Warnings
The world’s biggest alcohol companies have banded together to fight British government warnings about the dangers of drinking, funding a group dedicated to ensuring “the debate in U.K. society around alcohol and alcohol misuse remains balanced.”
Key Words: U.K., alcohol debate
Trust Issues: Risk Tolerance, Adjustment, Transparency
The Latest: Syrian cease-fire goes into effect
The Latest on developments in the civil war in Syria where a cease-fire brokered by the United States and Russia is due to start at sundown.
Key Words: Syria, U.S., Russia, cease-fire
Trust Issues: Situational Adjustment, Conflict of Interests, Risk Tolerance
South Sudan Leaders Amass Great Wealth as Nation Suffers, Report Says
Leaders of the two sides responsible for mass killings and rapes in the South Sudan conflict have amasses enormous wealth inside and outside the country, at least some of it illegally, according to an investigative report released on Monday by a Washington advocacy group.
Key Words: South Sudan conflict, President Salva Kiir, Riek Machar
Trust Issues: Benevolent Concern, Integrity, Power