___ Wells Fargo fined $1B for mortgage, auto lending abuses NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.
Berkshire Hathaway wasn’t paying attention, according to the analyst.
The major U.S. stock indexes fell in early trading Friday, adding to the market's modest losses a day earlier.
Stocks closed broadly lower Friday, extending the market's modest losses from a day earlier.
The latest on developments in financial markets (all times local): 9:35 a.m.
General Electric Co. Friday reported a first-quarter loss of $1.15 billion, after reporting a profit in the same period a year earlier.
General Electric's quarterly profit topped expectations.
Southwest Airlines clashed with engine-maker CFM over the timing and cost of proposed inspections after a 2016 engine accident.
Asian shares fell back Friday after a major supplier to Apple forecast continued weak demand for mobile devices.
Indexes slide even as General Electric results beat expectations.
___ 2 black men arrested at Starbucks get an apology from police PHILADELPHIA (AP) — Two black men whose arrest at a Starbucks in Philadelphia has triggered a furor over racial profiling say they are pushing for changes to make sure that what they went through doesn't happen to anyone else.
U.S. stocks were broadly lower in early trading Thursday, weighed down by losses in technology companies and makers of consumer products.
Mattel Inc. says that its CEO Margo Georgiadis is stepping down to pursue a new opportunity in the tech sector.
Stocks closed broadly lower Thursday, snapping a three-day winning streak.
The latest on developments in financial markets (all times local): 9:35 a.m.
German pharmaceutical and chemical company Merck says it has agreed to sell its global consumer health business to Procter & Gamble for 3.4 billion euros ($4.2 billion) in cash.
Tesla is being investigated over occupational safety concerns,
Asian shares rose and oil prices touched fresh multi-year highs on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.
Intel is pulling the plug on its version of smart glasses.
Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry's, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year.
