Business


Creepy clown craze sweeps the globe

Superintendent Simon Thompson said: "In the run up to Halloween we are seeing an increase in the number of incidents causing fear in public places". A police statement detailed how on Saturday evening a teenage girl was "confronted by an unknown person dressed as a clown and wielding what appeared to be a baseball bat".



Wells Fargo beats Street 3Q forecasts

Though Wells Fargo's profit fell 2.6 percent from a year ago, the San Francisco-based bank generated $5.6 billion worth in the three months ending September 30. Friday's results mark Sloan's first major test since taking the helm less than 48 hours ago. Wells Fargo was down 0.8 percent. He won't be receiving severance pay and the bank announced earlier that he will forfeit $41 million in stock awards.


Wells Fargo CEO Is out as Bank Grapples With Sales Scandal

Wells Fargo CEO Is out as Bank Grapples With Sales Scandal

Just a day after the call leaked, Stumpf was out. Stumpf's retirement is surprising given that other CEOs, especially in the financial industry, have been able to weather scandals of a similar scale, said Carl Tobias, a professor at the University of Richmond School of Law.



Hargreaves revenues up, but inflows drop

In a trading update for the three months to 30 September, Hargreaves said despite higher stockmarket levels, such concerns have impacted new business flows which fell to £1.11bn for the period, compared with £1.43bn for the same quarter past year.


Oil prices fall on higher OPEC output, rise in US crude stocks

Oil prices fall on higher OPEC output, rise in US crude stocks

Consequently, crude futures are trading at premiums to their underlying physical grades. "Crude responded predictably, with both Brent and WTI falling", said Jeffrey Halley of brokerage OANDA. There is "no viable alternative, right now, for, with partial exception of natural gas for oil use" for freight and trucks, he said, adding, "likewise, petrochemicals, it is not easy to see how we get plastics and other chemicals that we use in our daily lives without feedstocks coming from oil", to ...


Humana Ups Earnings Guidance, Stock Sinks On Medicare Star Ratings

Humana Ups Earnings Guidance, Stock Sinks On Medicare Star Ratings

CMS used the star ratings system to rank Medicare health plans on a scale of 1 to 5 stars, with 5 stars representing the highest quality. CMS said 51 percent of its Medicare Advantage members were in plans rated four stars or higher, compared to 22 percent in 2016.