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Wells Fargo & Co

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  • NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...

  • May 21- Financial Engines is close to a deal to add its online investment advice to Wells Fargo& Co's retirement platform, according to a Wells presentation obtained by Reuters, news that boosted Financial Engine's stock more than 6 percent. The move would make Financial Engines' service available to the 3.8 million 401 participants on Wells' 401 record-keeping...

  • May 21- Wells Fargo& Co., the fourth-largest U.S. bank in assets, is planning to add Financial Engines' online advice offering to its retirement platform, according to a Wells Fargo presentation obtained by Reuters. The move would make Financial Engines' online advisory service available to the 3.8 million 401 participants on Wells' 401 record-keeping platform,...

  • Hewlett-Packard sells stake in Chinese unit for $2.3B Thursday, 21 May 2015 | 8:39 AM ET

    NEW YORK— Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. "Partnering with Tsinghua, one of China's most respected institutions, the new H3C will be able to drive even greater innovation for China,...

  • Survey: Minority-owned businesses face loan obstacles Thursday, 21 May 2015 | 12:02 AM ET

    NEW YORK— Minority businesses have a harder time getting bank loans than small companies in general, according to a survey released Thursday by Wells Fargo& Co. and the polling company Gallup. The survey found most business owners don't struggle to get credit, but it also shows disparities between the borrowing experiences reported by minorities and by...

  • May 20- U.S. healthcare conglomerate Johnson& Johnson said on Wednesday it expects to submit more than 10 new medicines with annual revenue potential of at least $1 billion each to regulators by 2019, and is testing dozens of new uses for existing medicines. J&J said it would file for approval of daratumumab for the blood cancer multiple myeloma in the United...

  • NEW YORK, May 20- U.S. healthcare conglomerate Johnson& Johnson said on Wednesday it expects to submit more than 10 new medicines with annual revenue potential of at least $1 billion each to regulators by 2019, and is testing dozens of new uses for existing medicines. J&J said it would file for approval of the experimental drug daratumumab for the blood cancer...

  • May 20- Shares of Black Knight Financial Services Inc, a provider of software and services to the mortgage industry, rose as much as 9.2 percent in their market debut on Wednesday, valuing the company at about $4 billion. Black Knight raised about $441 million after its IPO was priced at $24.50 per share, near the top end of the expected range of $22- $25.

  • May 19- The S&P 500 wavered on Tuesday afternoon as Wall Street digested U.S. housing data that some saw as hopeful for an economy struggling to grow. "It continues to be this Goldilocks scenario of slow modest growth and low inflation," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York. At 2:44 p.m., the Dow Jones industrial...

  • In the Wireless& Cashless module provided as part of Money& Markets Extra for the week ending Saturday, May 9, The Associated Press reported erroneously that the only bank using Zumigo's credit card fraud protection services so far is Wells Fargo. Ever had your credit card go on a tour of Europe while you were at home in the U.S.? It also scoops up credit history data...

  • LOS ANGELES, May 18- San Bernardino's council approved a bankruptcy exit plan on Monday night that seeks to virtually eliminate the southern California city's pension bond debt while paying Calpers, the state pension system, in full. The Luxembourg- based bank EEPK, holder of the $50 million pension obligation bonds, Ambac Assurance Corp, which insures a portion...

  • ALBANY, N.Y.— New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent nearly 70 percent of the New York market and will adopt practices to limit damage from so-called "zombie properties," according...

  • May 15- Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo& Co and International Business Machines Corp.. Buffett has long praised his "Big Four" stock holdings Wells Fargo, IBM, Coca-Cola Co and American Express Co, which comprise roughly 58 percent of...

  • May 15- Warren Buffett's Berkshire Hathaway Inc on Friday said it has increased its holdings in some of its biggest stock investments, including Wells Fargo& Co and International Business Machines Corp.. The changes were disclosed in a regulatory filing detailing Berkshire's U.S.-listed stock portfolio as of March 31. Berkshire previously disclosed it had...

  • May 15- A federal judge has thrown out a lawsuit by the city of Los Angeles accusing Bank of America of discriminatory mortgage lending, ruling that the municipality had offered no evidence that it was harmed by the bank. Filed in 2013, the lawsuit accused Bank of America and its Countrywide Home Loans unit of violating that anti-discrimination act by making...

  • US STOCKS-Wall St slips after weak economic data Friday, 15 May 2015 | 11:39 AM ET

    *El Pollo Loco, King Digital fall after results. *Netflix touches record-high after report of China entry. "I think April is shaping up to be a weak month for consumption but the economy is still growing," said Ilya Feygin, managing director at WallachBeth Capital in New York.

  • Experts: Here's how to play the Fed liftoff Monday, 11 May 2015 | 2:28 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Small-cap stocks like regional banks look appealing as a Federal Reserve rate hike looms, a wealth manager said.

  • Breakout: These stocks may be ready to run Monday, 11 May 2015 | 12:24 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Big financials have been perking up lately and may be ready for an even greater run higher.

  • NEW YORK, May 6- Amy Paternite, a real estate agent in Maplewood, New Jersey, is getting used to hearing from clients in their late twenties and early thirties who say they never thought they would leave New York City for the suburbs. "They still want good restaurants, but now it's also about space, affordability and being able to send their kids to a good public school,"...

  • LA sues Wells Fargo for fraud   Tuesday, 5 May 2015 | 1:12 PM ET
    LA sues Wells Fargo for fraud

    CNBC's Kayla Tausche reports Wells Fargo is being sued for fraud and taking advantage of customers.