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These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
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In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
During the hearing, the Massachusetts Democrat pressed Sloan on comments she said she found in news articles and earnings calls. Warren alleged Sloan, who was chief operating officer before becoming CEO, had bragged about the bank's sales ability. She said he did so even as he knew about the cross-selling problems.
"She definitely did take some of my comments out of context, but I thought the hearing was very good," Sloan told CNBC in a brief interview in the hallway leaving the hearing room.
Sloan said he didn't understand why the committee spent as much time as it did on his actions before he became CEO last October. "The focus on the hearing was Wells Fargo, one year later, and I don't really understand why we spent as much time as we did talking about history," he said.
At the hearing, Warren said Sloan should be fired and argued he was part of a culture that pushed the bank to create millions of fake accounts for customers without their knowledge.
In prepared testimony, Sloan apologized for the creation of the accounts and said the bank has hired back more than 1,000 workers who were wrongly fired or left under a cloud.
In late August, Wells admitted that as many as 3.5 million accounts were created for customers without their permission. That's nearly 70 percent more than originally thought.
The scandal led to the departure of multiple executives, including former Wells Fargo CEO John Stumpf, Sloan's predecessor.