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Top News & Analysis North Dakota

  • Among major oil- and gas-producing states, Texas gained two rigs and Colorado and Louisiana each increased by one. Alaska and California each lost one rig. Arkansas, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

  • ST. LOUIS— In a story on July 12 about a jury ruling on claims that asbestos in Johnson& Johnson talcum powder contributed to ovarian cancer, The Associated Press erroneously reported that the case was the first against the company that focused on asbestos in the powder. A St. Louis jury on Thursday awarded nearly $4.7 billion in total damages to 22 women and their...

  • CHICAGO— McDonald's is stopping the sale of salads at 3,000 restaurants after people became sick from a parasite causing intestinal illness. Health officials in Illinois and Iowa say they've identified roughly 100 combined cases of cyclosporiasis apparently linked to consuming McDonald's salads. At least one of the affected restaurants is in each of the...

  • Although Citigroup beat Wall Street profit expectations, its revenue fell short of forecasts and businesses like branded credit cards and retail banking in Mexico are not yet generating the kind of revenue investors want to see. During a conference call, Chief Executive Officer Michael Corbat touted progress Citigroup has made toward goals he set last year...

  • July 13- Wells Fargo& Co's wealth and investment management unit may be having a harder time generating new business because of damage to the bank's reputation from scandals over its sales practices, Chief Financial Officer John Shrewsberry said on Friday. Wells Fargo emerged from the 2007-2009 financial crisis with its reputation relatively unscathed...

  • NEW YORK, July 13- U.S. stocks edged higher on Friday, with the S&P 500 hitting a more than five-month high, as gains in industrials and other areas offset a drop in financials after results from three big Wall Street banks mostly disappointed investors. Treasury Secretary Steven Mnuchin said the United States and China could reopen trade talks if Beijing was...

  • Wells Fargo has been running down financial crisis-era mortgage portfolios and dialing back lending in other businesses like autos where it sees too much risk. "As it relates to underwriting standards, it's not all bank-to-bank competition... the competition here is just broad as it's ever been," Chief Financial Officer John Shrewsberry told analysts, pointing...

  • Wells Fargo has been running down financial crisis-era mortgage portfolios and dialing back lending in other businesses like autos where it sees too much risk. It's been occurring for some time, "Chief Executive Tim Sloan said when asked for more color on the commercial real estate sector. "I would say that we're happy that it was sort of stabilized and we're now...

  • July 13- The benchmark S&P 500 hit a more than five-month high on Friday as gains in industrials and energy companies offset a drop in financials after a mixed bag of quarterly results from three big Wall Street banks. Treasury Secretary Steven Mnuchin said the United States and China could reopen trade talks if Beijing was willing to make significant changes.

  • NEW YORK, July 13- Second-quarter earnings reports from three of the biggest U.S. banks on Friday showed the sector is benefiting from policy changes in Washington that have lowered their taxes, boosted interest rates and allowed them to buy back more stock. "With the tariffs, there's this element of uncertainty and people aren't anxious to take loans at a time...

  • *S&P hits highest since Feb. 2; Dow reclaims 25,000. July 13- The benchmark S&P 500 edged back to five-month highs on Friday as gains in industrials and energy companies more than offset a drop in financials after a mixed bag of quarterly reports from three big Wall Street banks. Treasury Secretary Steven Mnuchin said the United States and China could reopen trade...

  • WELLS FARGO CEO STILL EXPECTS FEDERAL RESERVE TO LIFT ASSET CAP IN FIRST HALF OF 2019.

  • WELLS FARGO CFO SAYS HE EXPECTS AUTO LOAN ORIGINATIONS TO BE FLAT TO HIGHER.

  • WELLS FARGO CEO SAYS BANK NOT LIKELY TO TAKE ADDITIONAL CAPITAL ACTIONS THIS YEAR.

  • *JPMorgan, Wells Fargo, Citi drop after results. July 13- U.S. stock indexes were little changed on Friday as a slide in financials on the three big Wall Street banks reporting mixed results was offset by gains in industrials as the U.S.- China trade rhetoric eased overnight. Wells Fargo's shares slid 3.7 percent and led losses on the benchmark S&P 500 after the bank...

  • Citigroup also fell after its revenue growth was weak. AT&T skidded after the Justice Department asked a court to overturn the company's purchase of Time Warner. Paul Christopher, head of global market strategy for the Wells Fargo Investment Institute, said investors will focus on corporate forecasts covering the rest of the year.

  • Banks slumped after quarterly earnings from JPMorgan Chase and Citigroup failed to impress investors. Wells Fargo dropped after fallout from its fake account scandal continued to weigh on its earnings. Devon Energy rose 1.8 percent.

  • BISMARCK, N.D.— Three environmental groups are suing North Dakota over an air quality permit that allows construction of an $800 million oil refinery about 3 miles from Theodore Roosevelt National Park. National Parks Conservation Association, the Environmental Law and Policy Center and the Dakota Resource Council filed the lawsuit in state court on...

  • July 13- U.S. stock index futures were flat on Friday after a mixed bag of results from the three big Wall Street banks kicked off what is expected to be a strong corporate earnings season. Wells Fargo shares slid 2.9 percent, having reversed course after reporting a bigger-than-expected drop in quarterly profit as lending activity slowed and it recorded higher...

  • ST. LOUIS— A St. Louis jury on Thursday awarded nearly $4.7 billion in total damages to 22 women and their families after they claimed asbestos in Johnson& Johnson talcum powder contributed to their ovarian cancer in the first case against the company that focused on asbestos in the powder. Johnson& Johnson called the verdict the result of an unfair process that...