Business

Buffett faults Wells Fargo laxity in sales scandal

Buffett faults Wells Fargo laxity in sales scandal

The scandal has spurred millions of dollars in fines and legal costs and dented Wells Fargo's standing as one of the country's best-run banks. Seventy-year-old Dave Mueller flew out from Denver, Colorado, for his fourth meeting because he loves hearing the 86-year-old Buffett and 93-year-old Munger talk.



S Korea urges 'parallel' talks, sanctions

Moon said the ultimate goal of sanctions was to bring the DPRK to the dialogue table to abolish its nuclear program. Moon assumed presidential duties early in the morning after the National Election Commission finished counting Tuesday's votes and declared him victor of the special election necessitated by the ousting of conservative Park Geun-hye, whose downfall and jailing on corruption charges is one of the most turbulent stretches in the nation's recent political history.



Crude Oil Pulls Up Short Of USD50

Kuwait's oil minister, Essam al-Marzouq, on Tuesday backed the Saudi/Russian initiative. Supplies of gasoline probably dropped 1 million to 240 million barrels while inventories of distillate fuel, a category that includes diesel and heating oil, slipped 1.25 million to 147.5 million barrels last week.



Sinclair Pharma PLC (SPH) Receives Consensus Recommendation of "Buy" from Brokerages

Duff Phelps Investment invested in 7,055 shares or 0.02% of the stock. The company has market cap of $75.65 million. Vodafone Group Plc New now has $76.88B valuation. The firm has "Buy" rating given on Wednesday, February 3 by Kempen & Co. Barclays Capital has "Overweight" rating and GBX 1350 target. The company was maintained on Thursday, October 20 by Hovde Group.



US, Saudi agree arms deals worth nearly $110 bn: White House

On Mr Trump's first trip overseas as president, he will also visit Israel, the Vatican, Italy and Belgium. Trump and Secretary of State Rex Tillerson "will attend a signing ceremony" for the deals, the official said. "That was a tremendous day". National oil firm Saudi Aramco said it signed $50 billion of agreements with USA firms. The $55 billion in agreements announced separately from the behemoth arms deal includes a $6 billion deal for Lockheed Martin to build 150 Blackhawk ...