Business news

• California launches criminal probe into Wells Fargo bank account scandal

  19-10-2016 23:53 via cbc.ca
  
  California's attorney general is conducting a criminal investigation into whether employees at San Francisco-based Wells Fargo bank falsely identified themselves and stole identities in the sales practices scandal that rocked the bank and cost its CEO his job, documents released Wednesday show.
  
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• Zero in on IT security risks by applying the 80/20 rule to vulnerability assessments

  19-10-2016 23:49 via techrepublic.com
  
  It is impossible to defend everything; the Pareto Principle, also known as the 80/20 rule, is one way for IT security pros to determine what's most important to protect.
  
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• California launches criminal probe into Wells Fargo account scandal

  19-10-2016 23:49 via news.yahoo.com
  
  By Sarah N. Lynch WASHINGTON (Reuters) - The California Attorney General's Office has launched a criminal investigation into Wells Fargo over allegations it opened millions of unauthorized customer accounts and credit cards, according to a seizure warrant seen by Reuters. Attorney General Kamala Harris authorized a seizure warrant against the bank seeking customer records and other documents, saying there is probable cause to believe the bank committed felonies. A spokesman for Wells Fargo did n
  
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• Yahoo, ACLU press U.S. to disclose secret surveillance orders

  19-10-2016 23:48 via news.yahoo.com
  
  By Joseph Menn SAN FRANCISCO (Reuters) - Yahoo Inc on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users' incoming messages. Separately, the American Civil Liberties Union filed a motion before the U.S. Foreign Intelligence Surveillance Court asking it to release the Yahoo order and over 20 other significant ru
  
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• Latest Poll: 'Most Accurate' Survey Has Donald Trump Leading Hillary Clinton By A Point

  19-10-2016 23:46 via ibtimes.com
  
  The poll that has proved the most accurate in the last three presidential election cycles Wednesday indicated Republican presidential contender Donald Trump is leading Democratic rival Hillary Clinton by a point going into the final presidential debate.
  
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• 5 things CIOs need to lead digital transformation

  19-10-2016 23:38 via techrepublic.com
  
  Every business is becoming a digital business and it's changing the role of the CIO. Here are practical tips for becoming a transformational leader and an operations guru at the same time.
  
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• How to use the Dropbox Paper cloud-based collaboration tool

  19-10-2016 23:30 via techrepublic.com
  
  Is Dropbox Paper the cloud collaboration tool of your dreams? Maybe not in its beta version, but Jack Wallen says it's still impressive and worth a try.
  
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• UK Drug Laws 2016: After Being Arrested, People Can Seek Education Instead of Jail

  19-10-2016 23:18 via ibtimes.com
  
  A few areas in the United Kingdom are testing out a new, innovative approach to handling drug abusers. Since 1916, the U.K. has had a zero-tolerance policy in regards to hard drugs including cocaine and heroin as well as strict rules for marijuana use. Even getting caught with the smallest amount of drugs can lead to a maximum jail sentence up to seven years.
  
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• Presidential Election Odds 2016: Why Is Donald Trump Closing On Hillary Clinton In Betting For US President?

  19-10-2016 23:11 via ibtimes.com
  
  He may be tumbling in the polls and one bookmaker may have already paid out on Hillary Clinton becoming the 45th president of the United States, but many betting firms have cut the odds on a Donald Trump presidency following a rush of bets on the Republican candidate.
  
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• Final Fantasy XV: Release Date, Price, Gameplay And Trailers For Xbox One, PS4 And PC

  19-10-2016 23:09 via ibtimes.com
  
  Director Hajime Tabata confirmed in August that Final Fantasy XV has been delayed. Final Fantasy XV was previously announced for September 30th but got delayed until November 29th.
  "Our objective with Final Fantasy XV was to deliver a Final Fantasy of the highest possible quality to every single person who buys the game," Tabata says in a video message. "We have completed the master version, but when it comes to that highest possible quality, we felt that we had not quite reached this standard y
  
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• How to use Apple Configurator 2 to simplify deploying iOS upgrades OTA

  19-10-2016 23:07 via techrepublic.com
  
  Follow these steps to create a configuration file in Apple Configurator 2 that you can deploy to end users or push via MDM to manage settings on devices over-the-air (OTA).
  
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• Donald Trump's Campaign Loves WikiLeaks, But Russian Hackers Could Target Republicans Next, Marco Rubio Warns

  19-10-2016 23:04 via ibtimes.com
  
  Donald Trump may be finding plenty of fodder to attack Hillary Clinton after the recent WikiLeaks email dumps but a former rival of the billionaire, Florida Sen. Marco Rubio, says talking about the files is off-limits.
  
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• AmEx raises profit forecast for full year

  19-10-2016 23:04 via news.yahoo.com
  
  (Reuters) - Credit card issuer American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5 percent in extended trading. The company raised its full-year adjusted earnings forecast to $5.90-$6.00 per share from $5.40-$5.70. AmEx reaffirmed its 2017 forecast. Analysts on average had expected the company to earn $5.50 per share in 2016, according to Thomson Reuters I/B/E/S. Total revenue, net of interes
  
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• Google signs CBS, in talks with others on web TV: sources

  19-10-2016 23:03 via news.yahoo.com
  
  Alphabet Inc unit Google has reached an agreement with CBS Corp to carry the network on its planned web TV service and is in advanced talks with 21st Century Fox and Viacom Inc to distribute its channels, three sources told Reuters on Wednesday. The service, which will be part of Google's YouTube Platform, is expected to launch in the first quarter and will include all of CBS' content, including live NFL games, one of the sources said. Google's so-called "skinny bundle," with fewer channels than
  
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• Ebay's holiday-quarter forecast disappoints; shares slump

  19-10-2016 22:38 via news.yahoo.com
  
  (Reuters) - EBay Inc forecast quarterly revenue and profit for the crucial holiday shopping season largely below market estimates, sending its shares down 8 percent in extended trading.
  
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• Trade minister Freeland meets with Wallonia leader in effort to save CETA deal

  19-10-2016 22:29 via cbc.ca
  
  Federal Trade Minister Chrystia Freeland met Wednesday with the head of Wallonia in an effort to save a trade deal with the European Union that could collapse if the small Belgium region does not support it by Friday.
  
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• AmEx reports lowest revenue in over five years

  19-10-2016 22:19 via news.yahoo.com
  
  (Reuters) - Credit card issuer American Express Co reported its lowest quarterly revenue in more than five years on Wednesday as it struggled to make up for the loss of its contract with Costco Wholesale Corp . Total revenue, net of interest expense, fell 5 percent to $7.77 billion in the three months ended Sept. 30 - the first quarter with no revenue from the Costco partnership. On a per share basis, AmEx earned $1.20.
  
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• Oil, earnings lift Wall Street but Intel drags

  19-10-2016 22:17 via news.yahoo.com
  
  U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials. Morgan Stanley gained 1.9 percent after posting a better-than-expected quarterly profit to round out a string of solid results from big U.S. banks.
  
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• G Suite's productivity updates could win Google some fans in the enterprise

  19-10-2016 22:13 via techrepublic.com
  
  Google recently unveiled a slew of new features that could make its G Suite app collection more useful for professionals.
  
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• Mattel sales beat estimates as Barbie shines

  19-10-2016 22:10 via news.yahoo.com
  
  (Reuters) - Mattel Inc , the largest U.S. toymaker, reported better-than-expected quarterly revenue, driven by strong demand for its flagship Barbie and Fisher-Price brands. Barbie's worldwide sales rose 15.8 percent in the third quarter ended Sept. 30 as Mattel's efforts to revive sales of its signature brand gained traction. In January, Mattel rolled out Barbie dolls in a variety of skin tones, hairstyles and outfits and in three new body shapes - tall, curvy and petite - to appeal to larger d
  
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• Google signs up CBS for Internet TV service: sources

  19-10-2016 22:00 via news.yahoo.com
  
  Alphabet Inc unit Google has reached an agreement with CBS Corp to carry the network on its web TV service and is in talks with 21st Century Fox and Viacom Inc to distribute its channels, three sources told Reuters on Wednesday. The service, which will be part of Google's YouTube Platform, is expected to launch in the first quarter and will include all of CBS' content, including live NFL games, one of the sources said. Google's "skinny" bundle will cost $30 to $40 a month, the source said.
  
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• Fed moves to quell charges of opacity, lack of diversity

  19-10-2016 21:58 via news.yahoo.com
  
  The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for a more transparent and inclusive U.S. central bank. The latest critique came this week when Fed Up, a labor-affiliated coalition pushing for reforms, said it was "disappointing" that Nicole Taylor, a black woman and dean of community engagement and diversity at Stanford University whose t
  
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• Oil rises after surprise drop in U.S. inventories; stocks tick up

  19-10-2016 21:38 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Crude oil prices rose to a 15-month high on Wednesday after a surprise U.S. inventory drawdown, boosting energy shares. WTI crude hit its highest since July 2015 after the Energy Information Administration said U.S. stockpiles fell by 5.2 million barrels in the week ended Friday, dashing analysts' expectations for a build. Stocks in the financial sector were boosted by Morgan Stanley's better-than-expected quarterly profit, which rounds out a string of soli
  
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• U.S. single-family house building jumps in September, building permits up also

  19-10-2016 21:20 via news.yahoo.com
  
  The construction of U.S. single-family housing surged in September, though a drop in apartment building pushed overall home building activity to an 18 month low. In its Beige Book report also published on Wednesday, the Federal Reserve struck an upbeat note on the housing market, saying residential real estate activity expanded in most districts in recent weeks. Single-family housing starts, which account for the largest share of the residential housing market, jumped 8.1 percent to a 783,000-un
  
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• Yahoo seeks clarity from U.S. on national security orders to companies

  19-10-2016 21:17 via news.yahoo.com
  
  (Reuters) - Yahoo Inc said on Wednesday it formally urged the United States to provide clarification around national security orders that the government issues to internet companies to obtain user data. The company said it sent a letter to James Clapper, the director of National Intelligence, intending to seek more transparency on such government orders. Reuters reported earlier this month that Yahoo secretly built a custom software program last year to search all of its customers' incoming emai
  
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• Wall St. climbs on oil, earnings; Intel curbs advance

  19-10-2016 20:45 via news.yahoo.com
  
  U.S. stocks were on track for its second straight advance on Wednesday, as a climb in oil prices buoyed the energy sector and earnings from Morgan Stanley helped lift financials. Oil prices were up more than 2 percent, with U.S. crude touching a 15-month high after the government reported a sharp drop in domestic inventories for the sixth week in seven. Morgan Stanley gained 1.8 percent after posting a better-than-expected quarterly profit to round out a string of solid results from big U.S. ban
  
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• U.S. economy shows hints of broadening wage pressures: Fed

  19-10-2016 20:09 via news.yahoo.com
  
  The U.S. economy showed some signs of rising wage pressures in September and early October but overall compensation growth remained modest, the Federal Reserve said on Wednesday, a further sign of the cloudy outlook facing Fed policymakers as they mull a rise in interest rates. "Wage growth held fairly steady at modest levels, although some districts reported rising pressure for certain sectors," the Fed said in its Beige Book report of anecdotal information collected from business contacts nati
  
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• Ya puedes ver el primer tráiler de 'Guardians of the Galaxy Vol. 2'

  19-10-2016 20:06 via cnet.com
  
  La secuela de los superhéroes espaciales de Marvel, a estrenarse en 2017, mostró un avance de sus imágenes y un primer póster, que prometen diversión e irreverencia por igual.
  
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• Harley-Davidson cutting jobs due to sluggish sales

  19-10-2016 19:46 via cbc.ca
  
  Harley-Davidson Inc. says it expects to lay off about 225 salaried employees by the end of the year to cut costs amid a sluggish U.S. motorcycle market.
  
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• Enbridge cuts 5% of workforce, including 370 jobs in Canada

  19-10-2016 19:44 via cbc.ca
  
  Calgary-based Enbridge Inc. is laying off roughly five per cent of its workforce — about 530 positions in Canada and the U.S., the company announced Wednesday.
  
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• Oil hits highest point since summer 2015 as U.S. stockpiles drop by 5 million barrels

  19-10-2016 19:13 via cbc.ca
  
  The benchmark North American oil price gained more than three per cent to briefly top $52 US a barrel on Wednesday, as new data showed U.S. crude stockpiles dropped by 5 million barrels last week and the Saudi oil minister hinted other countries may be willing to join OPEC in cutting production.
  
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• Wall St. up on oil, upbeat earnings; Intel limits gains

  19-10-2016 19:04 via news.yahoo.com
  
  (Reuters) - Wall Street was on track for its second straight day of gains on Wednesday as oil prices boosted energy stocks and financials got a lift after Morgan Stanley rounded off a strong quarter for big U.S. banks.
  
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• The advertising tech powering the 2016 election

  19-10-2016 19:00 via techrepublic.com
  
  How data firm Targeted Victory uses automation, machine learning, and Adobe Spark to microtarget voters online, on TV screens, and on smartphones to raise big money for political campaigns.
  
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• How to encrypt a single partition in Linux

  19-10-2016 18:57 via techrepublic.com
  
  Jack Wallen walks you through the steps of encrypting a single partition on a Linux machine.
  
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• Remembering Wall Street's Black Monday

  19-10-2016 18:47 via feeds.foxbusiness.com
  
  Accept that “Black Monday’s” will one day come again.Embrace your severe limitation at forecasting the next event and instead prepare for such with appropriate and proven investing insurance strategies.
  
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• Airbnb touts policy proposals as new regulations loom

  19-10-2016 18:47 via news.yahoo.com
  
  By Dan Levine SAN FRANCISCO (Reuters) - Airbnb promoted a series of policy proposals on Wednesday that the home rental company said would address concerns raised by officials in New York and San Francisco over how the company operates. Lawmakers in both cities have accused Airbnb of exacerbating an affordable housing crisis by encouraging property owners to remove long-term rentals from the market. San Francisco passed an ordinance earlier this year that would fine Airbnb and similar services $1
  
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• Atlanta Fed raises U.S. third-quarter GDP growth view to 2.0 percent

  19-10-2016 18:34 via news.yahoo.com
  
  The U.S. economy is on track to grow at a 2.0 percent annualized pace in the third quarter following the latest data on government expenditures, the Atlanta Federal Reserve's GDP Now forecast model showed on Wednesday. Its latest third-quarter gross domestic product growth estimate was higher than the 1.9 percent increase calculated on Oct. 14, the Atlanta Fed said on its website. The Atlanta Fed also revised its forecast on federal spending in the third quarter to a 0.3 percent increase from a
  
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• Why VASCO Data Security International, Inc. Plunged Today

  19-10-2016 18:24 via feeds.foxbusiness.com
  
  Many of the data security expert's largest customers in Europe are holding back their orders for security tools right now.
  
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• 3 Reasons Bristol-Myers Is a Buy

  19-10-2016 18:23 via feeds.foxbusiness.com
  
  Is Opdivo on track to Opd-imize your portfolio?
  
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• Why Shares of Cree, Inc. Plunged 15% Today

  19-10-2016 18:13 via feeds.foxbusiness.com
  
  A drop in revenue had investors worried the future isn't as bright as expected for Cree, Inc.
  
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• FCA recalling 310,800 vehicles including Jeep Wrangler SUVs

  19-10-2016 17:35 via news.yahoo.com
  
  Fiat Chrysler Automobiles is recalling about 310,800 vehicles in two separate recalls involving Jeep Wrangler SUVs, Ram heavy duty pickup trucks and Dodge Charger sedans, the company said on Wednesday. The largest recall is for 225,000 new-model Jeep Wrangler SUVs because of sensor wiring that may malfunction and keep air bags from deploying, the company said. Wrangler SUVs affected are from the 2016 and 2017 model years made from June 16, 2015 to Aug. 14, 2016, according to a filing with the Na
  
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• United Continental: Big Challenges Ahead, Despite Q3 Earnings Beat

  19-10-2016 17:25 via feeds.foxbusiness.com
  
  United Continental posted a strong profit in the third quarter, but a variety of headwinds will cause sharp margin deterioration in the next few quarters.
  
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• Report: Apple, Inc. to Unveil New Macs Next Week

  19-10-2016 17:16 via feeds.foxbusiness.com
  
  Here's what investors should know ahead of Apple's rumored product event.
  
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• MGM Resorts Doubles Down With Increased Stake in MGM China

  19-10-2016 17:16 via feeds.foxbusiness.com
  
  MGM now owns a larger stake of its local Chinese subsidiary. Here's why this could be an important bet.
  
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• Canada a top destination for highly skilled immigrants, World Bank finds

  19-10-2016 17:12 via cbc.ca
  
  Canada is among the four countries of the world who consistently attract the top tier of highly skilled immigrants, new research out of the World Bank suggests.
  
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• Some Hadoop vendors don't understand who their biggest competitor really is

  19-10-2016 17:10 via techrepublic.com
  
  Hortonworks wants to take on Cloudera, but that's the wrong target. Amazon Web Services is a bigger threat.
  
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• Philip Morris International Returns to Modest Growth

  19-10-2016 17:01 via feeds.foxbusiness.com
  
  The international tobacco giant overcame volume headwinds to post better results than many expected.
  
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• Forget Beer: Watch Boston Beer's Sales Numbers for These 3 Drinks

  19-10-2016 17:00 via feeds.foxbusiness.com
  
  These were the beverages that were supposed to offset the decline of the craft brewer's flagship brand.
  
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• Virtual reality arcades bank on gamer interest in trying out new technology

  19-10-2016 16:57 via cbc.ca
  
  New virtual reality arcades are opening up across Canada as owners hope to capitalize on people trying out immersive technology, even as it becomes more available for use at home.
  
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• Oil Up 2 Pct After Surprise Draw in U.S. Inventories

  19-10-2016 16:56 via feeds.foxbusiness.com
  
  Oil prices rose about 2 percent on Wednesday after the U.S. government reported a surprising drop in domestic crude stockpiles, versus analysts expectations for a build.
  
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