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Monthly Archives: August 2017

Wells Fargo shares fall after filing warns may find ‘significant increase’ in unauthorized accounts

Wells Fargo shares fell Friday after a filing with the U.S. Securities and Exchange Commission showed a new review of the bank’s consumer sales scandal could reveal a “significant increase” in unauthorized accounts. “We expect that our review of the expanded time periods … may lead to a significant increase …

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How Sam Shepard Hit Downtown New York and Reinvented Himself

Mr. Mingus knew him first as Sam Rogers or Steve Rogers, the family surname. Even then, Mr. Mingus said in an interview this week, “He could walk into a room with a typewriter and not leave until he finished a play. No revisions, just typing.” When Ralph Cook, a waiter …

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New ‘bitcoin cash’ crashes 30% Friday in volatile first week

Bitcoin is holding up well against its offshoot rival in its wild first week of trading. The new “bitcoin cash” plunged 30 percent Friday to below $300, while the original cryptocurrency edged higher and approached $2,900, nearly triple in value for the year. Bitcoin split into bitcoin and bitcoin cash …

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There are more leaders than laggards in retail today, Moody’s says

Source: Moody’s Investor Services “Distressed [retail] names are growing, but still a small part of our rated universe,” Boni pointed out. “The broader industry remains fundamentally healthy.” “Bottom line, the retail industry may be undergoing sweeping changes, but there continue to be a number of outperformers.” Meantime, for all retailers, …

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Venezuela inaugurates new legislative superbody despite protests

Federico Parra | AFP | Getty Images An anti-government activist shouts slogans during a protest against the installation of the Constituent Assembly on August 4, 2017, in Caracas. The assembly will function in the same downtown Caracas palace complex as the existing opposition-run congress, which could potentially be dissolved by …

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Stephen King Swerves Too Close to Reality for Comfort

Photo Kelly Lynch in the Audience Network drama “Mr. Mercedes.” Credit Brownie Harris/AT&T Audience Network Stephen King’s 2014 novel “Mr. Mercedes” opens with a psychopath plowing a stolen luxury car into a crowd at a job fair. Later, there’s an attempted bombing at a boy band concert teeming with girls …

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Private equity coffers boom as pension funds look for alternatives

Pension funds, wealth managers and insurance companies are increasingly looking outside of traditional stocks and bonds to find new investment products as the bull market ages. “You’re seeing a lot more competition for assets. A lot of players are trying to figure out what are the new areas,” said Craig …

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Look Who’s Still Talking the Most in Movies: White Men

Photo Gal Gadot in a scene from “Wonder Woman.” A study found that when female characters were removed from most movies, the plots didn’t change much. Credit Clay Enos/Warner Bros. Entertainment, via Associated Press With “Wonder Woman” and “Girls Trip” riding a wave of critical and commercial success at the …

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Here’s how Apple and related tech stocks could be trading by Labor Day

Shares of Apple surged to an all-time high on Wednesday after reporting earnings that beat Wall Street’s expectations. The iPhone maker delivered adjusted EPS that came in 10 cents above estimates on revenue of $45.4 billion. The tech giant’s iPhone deliveries also came in better than analysts were looking for. …

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Aldi stops selling eggs in Germany over food safety scare

Michael Nagle | Bloomberg | Getty Images Customers shop at an Aldi Stores location in Hackensack, New Jersey. The Netherlands is the world’s second-largest agricultural exporter after the United States and sells around 5 billion eggs a year to Germany. The detergent was also supplied to farms in the northern …

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