Top News & Analysis Oregon

  • Oct 18- The state of Massachusetts will stop using Wells Fargo& Co as a bond underwriter for a year, joining a growing list of state and local governments to suspend business with the bank after revelations it opened millions of unauthorized accounts. Massachusetts Treasurer Deborah Goldberg instructed her staff late on Monday to immediately remove Wells...

  • Oct 18- The state of Massachusetts will stop using Wells Fargo& Co as a bond underwriter for one year, joining a growing list of state and local governments to suspend business with the bank after revelations it opened millions of unauthorized accounts. Massachusetts Treasurer Deborah Goldberg instructed her staff late on Monday to immediately remove Wells...

  • NEW YORK, Oct 14- The state of Ohio on Friday joined a growing list of municipalities to suspend business relationships with Wells Fargo& Co over a scandal involving as many as two million bogus accounts. Governor John Kasich announced that for one year he is barring Wells Fargo "participating in future state debt offerings and financial services contracts...

  • CALGARY, Alberta/ NEW YORK, Oct 13- Pipeline sabotage by environmental activists that shook the North American energy industry this week had its roots in a 2013 protest off Massachusetts, when two men in a 32- foot lobster boat blocked a 40,000- ton coal shipment to a power station. Three years on, Jay O'Hara and Ken Ward, the activists involved in the "Lobster Boat...

  • CALGARY, Alberta/ NEW YORK, Oct 13- Pipeline sabotage by environmental activists that shook the North American energy industry this week had its roots in a 2013 protest off Massachusetts, when two men in a 32- foot lobster boat blocked a 40,000- ton coal shipment to a power station. Three years on, Jay O'Hara and Ken Ward, the activists involved in the "Lobster Boat...

  • SAN FRANCISCO, Oct 7- A U.S. senator and civil groups critical of surveillance practices on Friday called on the government to release a 2015 order by a secret court directing Yahoo to scan all its users' incoming email, saying it appeared to involve new interpretations of at least two important legal issues. Their concerns center on the nature of the technical...

  • California Governor Jerry Brown signed legislation last week launching the state's Secure Choice plan- a government-sponsored retirement savings vehicle that would be offered to employees of most companies that do not have their own workplace retirement plan. California is the seventh state to enact a plan, and it will be the largest by far in the nation.

  • *Chicago joins states of Illinois, California in punishing Wells. CHICAGO, Oct 5- The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo& Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank. Wells Fargo staff opened checking, savings and credit card...

  • WASHINGTON, Oct 5- A Yahoo operation in 2015 to scan the incoming email of its customers for specific information requested by the U.S. government was authorized under a foreign intelligence law, parts of which will expire next year, two U.S. government officials familiar with the matter said. The revelation rekindled a long-running debate in the United States...

  • *Chicago joins states of Illinois, California in punishing Wells. CHICAGO, Oct 5- The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo& Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank. Wells Fargo staff opened checking, savings and credit card...

  • CHICAGO, Sept 30- Wells Fargo& Co faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month. Illinois Treasurer Michael Frerichs set a Monday news conference to announce "plans to suspend billions of dollars in investment activity with Wells Fargo," according to an...

  • Sept 29- Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank. The S&P 500 financial index declined 1.49 percent after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held at the German lender.

  • *Fed Chair Janet Yellen to speak at 4:00 p.m. ET. Sept 29- Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank. The S&P 500 financial index dropped 1.11 percent after Bloomberg reported that some hedge funds have withdrawn excess cash and...

  • Wells Fargo was ordered to pay $190 million in fines and restitution this month after regulators said its high-pressure sales environment led to the opening of as many as 2 million customer accounts that customers may not have authorized. Wells Fargo spokeswoman Richele Messick declined to comment on the employees' allegations but said the bank "takes...

  • WASHINGTON, Sept 26- The U.S. Senate's senior Democratic tax law writer says he will rip up a root of corporate tax avoidance if his party wins Senate control in November, targeting trillions of dollars in tax-deferred profits being held abroad by U.S. companies. In an interview with Reuters, Oregon Senator Ron Wyden said he wants to put an end to a Kennedy-era law...

  • NEW YORK, Sept 21- In the days after the redesigned SAT college entrance exam was given for the first time in March, some test-takers headed to the popular website reddit to share a frustration. The math itself wasn't the problem, said Vicki Wood, who develops courses for PowerScore, a South Carolina- based test preparation company. When it decided to redesign the SAT,...

  • Sept 20- U.S. Senate lawmakers excoriated Wells Fargo& Co's chief on Tuesday for his oversight of the bank as it opened 2 million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are "too big to fail." Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who...

  • Sept 20- Wells Fargo& Co's chief executive officer told a Senate panel on Tuesday that customers who had bogus accounts opened in their name will be made whole and compensated for any damage to their credit rating, but some Democratic senators called for his resignation. Under fire, CEO John Stumpf told the Senate Banking Committee he has told his managers to do "...

  • LONDON, Sept 20- Shares hit pause and the dollar lost ground against the yen on Tuesday, as investors awaited the outcomes of Federal Reserve and Bank of Japan meetings that will both conclude on Wednesday. Nagging doubts about the firepower left available to top central banks and a slip in oil prices made for another subdued start in Europe as the STOXX 600 dipped...

  • TOKYO, Sept 20- Asian shares edged lower on Tuesday as investors nervously awaited the outcomes of Federal Reserve and Bank of Japan policy meetings that will both conclude on Wednesday. "The market is more nervous about the BOJ than the Fed as it may give the market a surprise," said Yutaka Miura, a senior technical analyst at Mizuho Securities.