Wednesday, 6 December 2017

California blames Wells Fargo for 1,500 fake insurance policies

A year-long investigation by the California Department of Insurance blamed the sale of nearly 1,500 of these unauthorized renters and term life insurance policies on "improper sales practices" at Wells Fargo.
CNNMoney Markets Now
 
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News: What you need to know about the markets
 
 
California blames Wells Fargo for 1,500 fake insurance policies
A year-long investigation by the California Department of Insurance blamed the sale of nearly 1,500 of these unauthorized renters and term life insurance policies on "improper sales practices" at Wells Fargo. Read more »
 
Government shutdown would hurt economy
A shutdown of the federal government still seems unlikely. But it's not totally out of the realm of possibility. And S&P thinks that DC dysfunction is the last thing that the economy needs with the holidays right around the corner. Read more »
 
Coal CEO: Senate tax plan 'wipes us out'
Coal CEO Robert Murray warns that if the Senate version of tax reform is enacted by President Trump, he'll be destroying thousands of coal mining jobs in the process. Read more »
 
Should Elon Musk merge Tesla and SpaceX?
Tesla has shaken up the auto industry but there are growing concerns about product delays and increased competition. That's why Morgan Stanley thinks a Tesla merger with Elon Musk's private rocket company SpaceX could make sense. Read more »
 
U.S. hits Vietnam with massive duties over Chinese steel
The U.S. government is slapping heavy taxes on steel imports from Vietnam, saying China is using the country as a way to dodge earlier penalties. Read more »
 
Shares in global retailer crash nearly 70% after CEO resigns
Steinhoff International shares dropped after its CEO resigned and the company said it was investigating accounting irregularities. Read more »
 
 
 
 
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