Top News & Analysis North Dakota

  • HOUSTON, Sept 29- It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. U.S. benchmark crude rose more than 5 percent to $47 a barrel on the news, pending final details about the cut, which won't be known until after another...

  • HOUSTON, Sept 29- It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. U.S. benchmark crude rose more than 5 percent to $47 a barrel on the news, pending final details about the cut, which won't be known until after another...

  • Management of the two sales, totaling nearly $730 million, was replaced by Jefferies LLC in one sale and by Loop Capital Markets LLC and Raymond James& Associates, Inc in the other. California is the nation's largest issuer of municipal debt. Wells Fargo agreed on Sept. 8 to pay $190 million to settle a case by California prosecutors and federal regulators over what...

  • In addition, Chiang vowed to work with the state's two giant public pension funds to change the management structure at the bank, which is California's oldest financial institution. California is the nation's largest issuer of municipal debt. Wells Fargo on Sept. 8 agreed to pay $190 million to settle a case by California prosecutors and federal regulators...

  • NEW YORK, Sept 28- Wells Fargo& Co's unprecedented move to strip Chief Executive John Stumpf of $41 million in stock awards has sent a chill through Wall Street with bankers fearful that a hardening political climate against corporate wrongdoing will encourage boards to be more aggressive about making them forfeit pay. "The Wells Fargo board made a mistake by...

  • SACRAMENTO, Calif.— California Treasurer John Chiang says he's suspending some of the state's business with Wells Fargo amid a scandal over millions of accounts allegedly opened without customers' permission. Chiang, a Democrat, said Wednesday he wants to send a message that the bank's behavior was unacceptable and he hopes his colleagues in other states will...

  • SAN FRANCISCO, Sept 28- California State Treasurer John Chiang on Wednesday announced a sweeping suspension of business relationships with Wells Fargo& Co as punishment for the company's defrauding of customers. In addition, Chiang vowed to work with the state's two giant public pension funds to change the management structure at the bank, which is...

  • Findings that the biggest changes were in the Upper Mississippi Valley, northern Great Plains and New England could help focus resources in dealing with a changing climate, said Stacey Archfield, a U.S. Geological Survey hydrologist and one of the study's authors. In weighing the impact climate change is having on flooding, researchers from the Geological...

  • NEW YORK, Sept 28- U.S. long-dated Treasury debt yields edged higher on Wednesday, boosted by a Reuters report that OPEC has reached a deal to limit oil production, with the agreement to be implemented in November. According to sources, OPEC agreed to limit oil output to 32.5 million barrels per day. "You're not going to add risk in this kind of environment," said Jim...

  • SAN FRANCISCO, Sept 28- California State Treasurer John Chiang on Wednesday announced a sweeping suspension of business relationships with Wells Fargo& Co as punishment for the company's defrauding of customers. Wells Fargo on Sept. 8 agreed to pay $190 million to settle a case by California prosecutors and federal regulators over what were potentially more...

  • CALIFORNIA TREASURER ISSUES 12- MONTH SANCTIONS AGAINST WELLS FARGO.

  • BISMARCK, N.D.— North Dakota Attorney General Wayne Stenehjem is asking the developer of the four-state Dakota Access oil pipeline to explain its purchase of a ranch where a protest turned violent earlier this month. Texas- based Energy Transfer Partners recently purchased the 7,000- acre ranch last week for an undisclosed price. North Dakota law generally...

  • Wells Fargo is under pressure to show it is holding top brass accountable after government investigators discovered that employees opened as many as 2 million accounts without customers' knowledge in order to meet sales targets. On Tuesday, Wells Fargo said CEO John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary...

  • Wells Fargo, which has been fined $185 million by regulators who said bank employees opened millions of unauthorized accounts to meet sales goals, has promised to contact all customers and invite them to review their accounts. "You must be proactive," said Pamela Banks, the senior policy counsel at the nonprofit advocate Consumers Union. Wells Fargo has been...

  • Sept 28- Wall Street rose on Wednesday, helped by higher oil prices and gains in financial stocks ahead of Federal Reserve Chair Janet Yellen's testimony before a Congressional committee. Investors are also awaiting comments from Fed officials including voting members Esther George, James Bullard and Loretta Mester, who will be speaking at separate events.

  • Bank consultants say tens of millions of dollars are spent each year on initiatives to build a culture of integrity, partly at the urging of regulators such as the Federal Reserve Bank of New York and the U.S. Office of the Comptroller of the Currency. Wells Fargo's debacle- involving the creation of as many as 2 million accounts without customers' permission- is...

  • Sept 28- Wall Street was set to open little changed on Wednesday as investors awaited Federal Reserve Chair Janet Yellen's testimony before a Congressional committee. Five Fed officials from various states are also scheduled to speak at separate events, including voting members Esther George, James Bullard and Loretta Mester. "I don't expect a major shift in...

  • SAN FRANCISCO, Sept 28- The chief executive of North Dakota's largest oil producer, Whiting Petroleum Corp, says the standoff over the $3.7 billion Dakota Access pipeline could be solved by giving economic opportunities, including supply and delivery contracts, to the Standing Rock Sioux and other Native Americans. Thousands of protesters from all over the...

  • WASHINGTON— Wells Fargo says CEO John Stumpf and the executive who ran the bank's retail banking division will forfeit tens of millions of dollars in pay as the bank tries to stem a scandal over its sales practices. The independent directors at the nation's second-largest bank said Tuesday that Stumpf will forfeit $41 million in stock awards, while former...

  • Sept 27- Wells Fargo& Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the centre of a burgeoning sales scandal, has left the company ahead of...