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Wells Fargo & Co

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  • WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...

  • *China to be an exception. That stands in contrast to the bumpy ride ahead for emerging markets outside of Asia, especially Latin America, where analysts appear fearful of the impact of higher U.S. rates and Greece's stand-off with its creditors. "Asian emerging currencies are likely to be more resilient than some of the emerging currencies, such as in Latin...

  • WASHINGTON— U.S. employers added jobs at a solid pace in June, and the unemployment rate fell to 5.3 percent, a seven-year low. But wages failed to budge, and other barometers of the job market painted a mixed picture. The economy gained 223,000 jobs last month, and the unemployment rate fell from 5.5 percent in May, the Labor Department said Thursday.

  • July 1- Parkway Properties Inc, a real estate investment trust, was in the early stages of exploring strategic alternatives, including a sale, Bloomberg reported. The company was valued at $1.95 billion as of Wednesday, according to Thomson Reuters data. Parkway Properties was working with Bank of America Corp's Merrill Lynch and Wells Fargo& Co, Bloomberg said,...

  • NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...

  • UPDATE 1-Puerto Rico bonds fall sharply for second day Tuesday, 30 Jun 2015 | 12:00 PM ET

    NEW YORK, June 30- Puerto Rico's bonds fell sharply for a second straight session on Tuesday, a day after the island's governor said he wanted to restructure debt and postpone bond payments for years, as investors speculated about which classes of the securities were most at risk. Almost 10 percent of municipal bonds that traded Monday were Puerto Rico- related,...

  • *Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. And Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.

  • *Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.

  • LONDON, June 29- China's banks are strengthening their position as the best capitalised and biggest profit makers in the world, a study showed on Monday. Industrial and Commercial Bank of China's $59.1 billion profit last year topped the rankings, ahead of China Construction Bank, Agricultral Bank of China and Bank of China. U.S. bank Wells Fargo ranked fifth with...

  • Supreme Court upholds key tool for fighting housing bias Thursday, 25 Jun 2015 | 10:10 AM ET

    In upholding the tactic, the Supreme Court preserved a legal strategy that has been used for more than 40 years to attack discrimination in zoning laws, occupancy rules, mortgage lending practices and insurance underwriting. Every federal appeals court to consider it has upheld the practice, though the Supreme Court had never previously ruled.

  • Cramer: Explosive rally coming for Facebook Tuesday, 23 Jun 2015 | 6:47 PM ET
    Facebook

    Jim Cramer goes off the charts to see what the future holds for Facebook, Wells Fargo & WhiteWave.

  • Facebook valuation highlights S&P 500 power shift Tuesday, 23 Jun 2015 | 6:17 PM ET
    Facebook

    Facebook is now more valuable than Wal-Mart, which highlights a wider power shift at the top of the S&P 500 index.

  • Pisani: Bank rally may have more room to run Tuesday, 23 Jun 2015 | 4:16 PM ET
    Traders on the floor of the New York Stock Exchange.

    It may be a lackluster trading day, but once again banks are rallying to new highs.

  • 10 sky-high stocks can go to the moon Tuesday, 23 Jun 2015 | 10:24 AM ET
    Fly me to the moon

    Some stocks slip back down after hitting record highs. Here are the stocks investors think will continue to soar, USA Today reports.

  • *Fitbit jumps in market debut. June 18- The Nasdaq Composite on Thursday erased its last standing milestone from the dot-com era as it set a record intraday high, with stocks on Wall Street in rally mode boosted by strong economic data. "Economic growth is beginning to make itself more evident," said John Manley, chief equity strategist at Wells Fargo Funds...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • Govt lifts 'robosigning' restrictions on certain banks Wednesday, 17 Jun 2015 | 11:00 AM ET
    Pedestrians walk in front of Wells Fargo headquarters in San Francisco, California.

    Restrictions against some firms stemmed from foreclosures that had not actually been reviewed before signing.

  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • Fed wants 2 rate hikes, but may back down: Expert Tuesday, 16 Jun 2015 | 10:02 AM ET
    Federal Reserve Board Chair Janet Yellen.

    The Federal Reserve is likely to keep a September rate hike on the table, but the central bank will likely only move once this year, in December, Jim Caron tells CNBC.