Business


Prudential stops distribution of policy sold through Wells Fargo

Earlier on Monday, Prudential Financial said it had suspended the distribution of a low-priced life insurance policy through Wells Fargo, pending a review of how the product was sold by the bank. Visit MarketWatch.com for more information on this news. Prudential Financial Inc.is facing a class action lawsuit in the latest action linking the insurer to Wells Fargo & Co.'s high-profile consumer fraud scandal.



Australian government approves construction of second airport in Sydney

The project was stuck in political internal strife for 70 years over the world heritage site Badgerys Creek; however, now that it has received the green light, it is set for completion in the mid-2020s, with a single runway and facilities for about 10 million passengers a year .



Report of regulatory action against us false: Axis Bank

Last week the Enforcement Directorate, a government agency that fights financial crime, said it had arrested two Axis bank employees for allegedly helping launderers to buy gold with the help of scrapped notes. We firmly believe the said news is meant to spread panic amongst the general public, demoralise the staff and damage the reputation of the bank, the bank added.


UBER Bans Physical Contact, Flirting Between Anyone In Car

UBER Bans Physical Contact, Flirting Between Anyone In Car

Clearly, however, the company has felt the need to set the balance and make things plain for riders with some specifics. The next time you take an Uber, you could lose access to the service for bad behaviour. It's OK to chat with other people in the vehicle. And lastly, violating local laws while riding with Uber implies no more trips. According to Uber, if it's made aware of problematic behavior, it will contact you to investigate.


McCain backs Trump criticism of F-35, says president can't cancel it

McCain backs Trump criticism of F-35, says president can't cancel it

Trump's latest Twitter broadside sent defence shares tumbling and fanned concerns that the incoming administration will reduce defence contractors' profit margins and cut broader federal spending, threatening US factory jobs even as Trump promises to boost manufacturing employment."The F-35 program and cost is out of control", Trump said on Twitter, echoing campaign promises to cut waste in federal spending.