Top News & Analysis North Dakota

  • Sept 24- Two former Wells Fargo& Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing...

  • Sept 24- Two former Wells Fargo& Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing...

  • Sept 24- Two former Wells Fargo& Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. "Wells Fargo fired or demoted employees who failed to meet unrealistic quotas while at the same time providing...

  • Sept 23- Wells Fargo& Co's board hired law firm Shearman& Sterling LLP to advise on executive compensation and potential clawbacks, the Wall Street Journal reported, citing people familiar with the matter. Robert Mundheim, a lawyer at the firm, is advising the bank's board on whether it should claw back pay of Chief Executive John Stumpf, Chief Operating Officer...

  • The land deal is a blow to the Sioux and other protesters who claim the pipeline would damage ancient burial sites and pose an environmental risk to the tribe's water supply. When fully connected to existing lines, the 1,100- mile Dakota Access pipeline would be the first to carry crude oil from the Bakken shale, a vast oil formation in North Dakota, Montana and...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • Indigenous supporters from Canada are already bringing supplies and financial donations to Standing Rock Sioux, which Phillip said he recently visited. Treaty Alliance is "absolutely" willing to illegally block construction of any pipeline proposals that proceed, including TransCanada Corp's Energy East pipeline across much of Canada and Kinder Morgan...

  • BISMARCK, N.D.— The company developing the four-state Dakota Access oil pipeline has purchased a portion of a historic North Dakota ranch where a violent protest occurred earlier this month due to what tribal officials said was construction crews destroying burial and cultural sites. Morton County records show Dallas- based Energy Transfer Partners...

  • HOUSTON, Sept 23- Sunoco Logistics, the future operator of the oil pipeline delayed this month after Native American protests in North Dakota, spills crude more often than any of its competitors with more than 200 leaks since 2010, according to a Reuters analysis of government data. The lands of the Standing Rock Sioux Tribe sit a half mile south of the proposed...

  • Sept 22- Wells Fargo& Co Chief Executive John Stumpf, under fire over problematic sales tactics, resigned from the Federal Reserve Bank of San Francisco's advisory council on Thursday. "John made a personal decision to resign as the Twelfth District's representative to the Federal Advisory Council. Maine Senator Angus King, a political independent, wrote a...

  • WINNIPEG, Manitoba, Sept 22- Aboriginal tribes from Canada and the northern United States signed a treaty on Thursday to jointly fight proposals to build more pipelines to carry crude from Alberta's oil sands, saying further development would damage the environment. The move came as Native American tribes on Thursday took their fight to Washington to stop...

  • WASHINGTON, Sept 22- Native American tribes took their fight to Washington on Thursday to stop development of a $3.7 billion oil pipeline, as Democrats in the U.S. Congress urged the federal government to scrap construction permits and reconsider the project. Representative Raul Grijalva, the senior Democrat on the House of Representatives Natural...

  • WINNIPEG, Manitoba, Sept 22- Aboriginal tribes from Canada and the northern United States signed a treaty on Thursday to jointly fight proposals to build more pipelines to carry crude from Alberta's oil sands, saying further development would damage the environment. The treaty came as the politics around pipelines have become increasingly sensitive in...

  • BISMARCK, N.D.— An oil-rich group of American Indian tribes in North Dakota has asked a federal appeals court to quickly decide whether a Texas company needed tribal permission to place a pair of pipelines 100 feet beneath a Missouri River reservoir. The Mandan, Hidatsa and Arikara Nation asked the Eighth U.S. Circuit Court of Appeals' three-judge panel...

  • Sept 22- Aboriginal tribes from Canada and the northern United States signed a treaty on Thursday to jointly fight proposals to build more pipelines to carry crude from Alberta's oil sands, saying further development would damage the environment. The treaty came as the politics around pipelines have become increasingly sensitive in North America, with the...

  • The state's economic downturn, partially caused by plummeting oil prices, caused shortfalls in tax revenue that forced North Dakota Gov. Jack Dalrymple to order budget cuts that are affecting higher education institutions, the Williston Herald reported. $2.2 million this biennium, "said Rick Ross, executive director of the North Dakota Association for...

  • NEW YORK— It began with the constant and compulsive pressure to sell. Wells Fargo employees, both current and former, say they spent every day frantically trying to persuade customers to open more accounts— not for any bonuses, but simply to keep their jobs. said Mikey McGinn, who worked for Wells Fargo as a teller and a banker from 2007 until July of this year.

  • BISMARCK, N.D.— A North Dakota legislative committee has approved an emergency request to borrow $6 million to cover the cost of law enforcement related to the ongoing protest of the four-state Dakota Access oil pipeline. Jack Dalrymple, voted Wednesday to borrow the funds from the state-owned Bank of North Dakota. The leader of the state's National Guard says...

  • BILLINGS, Mont.— The Latest on a legal settlement from damages caused by a 2011 Exxon Mobil Corp. pipeline spill into Montana's Yellowstone River:. Exxon Mobil has agreed to pay $12 million to settle damage claims over an oil pipeline break in the Yellowstone River, but it faces further potential fines for pollution violations. Exxon Mobil Corp. has agreed to pay...

  • NEW YORK, Sept 21- Wells Fargo& Co Chief Executive John Stumpf prides himself on being a banker who understands the little guy's financial problems. He smiles, and he's sweet and he's in no way responsible, "said Robert Monks, chairman of ValueEdge Advisors, which advises investors on corporate governance issues. Earlier this month, the lender agreed to pay $190...