Top News & Analysis North Dakota

  • WASHINGTON, July 16- Lawmakers on the House Judiciary Committee's antitrust panel on Tuesday pressed an executive from Amazon.com Inc on allegations that it competed against its own sellers and pushed them to buy advertising and fulfillment services. Matt Perault, head of global policy development at Facebook, faced skepticism from Representative Hank...

  • *J.B. Hunt jumps after strong DCS performance. NEW YORK, July 16- U.S. stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street's major indexes.

  • Lower costs were a primary driver of earnings in the most recent quarter and were a cornerstone of former CEO Tim Sloan's plan to deliver higher profits while the bank worked on moving past its scandals. "We've seen a greater need for us to make investments in terms of risks, compliance and audit, all those things that we're going to need to make investments in, in...

  • WASHINGTON, July 16- Executives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet's Google go before the House Judiciary Committee's antitrust panel Tuesday to discuss competition in online markets. The committee is likely to discuss antitrust probes of the four companies under way at the Justice Department and Federal Trade Commission,...

  • JPMorgan, the nation's biggest bank, lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58- plus billion it estimated in February. "We're not as dynamically correlated to rate changes," Goldman Sachs Chief Financial Officer Stephen Scherr told analysts, noting the bank holds fewer deposits "than the big commercial banks."

  • JPMorgan, the world's biggest bank, lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58- plus billion it estimated in February. In late morning trading, shares of JPMorgan were up 1% at $115.10; Goldman Sachs Group Inc- the least rate-sensitive of the three banks- climbed 1.3% to $214.37, and Wells Fargo fell 1.7% to $45.89.

  • Wells Fargo, the fourth largest U.S. bank by assets, has been leaning on cost cuts to stabilize its bottom line amid sluggish revenue trends in the wake of sales practices scandals that spread to each of its primary business segments and claimed two chief executives. Interim Chief Executive Officer Allen Parker was thrust into the job in March when former CEO Tim...

  • Wells Fargo, the fourth largest U.S. bank by assets, has been leaning on cost cuts to stabilize its bottom line amid sluggish revenue trends in the wake of sales practices scandals that spread to each of its primary business segments and claimed two chief executives. Interim Chief Executive Officer Allen Parker was thrust into the job in March when former CEO Tim...

  • *J.B. Hunt jumps after strong DCS performance. July 16- U.S. stock indexes were set for a muted open on Tuesday after a set of mixed quarterly reports from Wall Street banks JPMorgan Chase, Goldman Sachs and Wells Fargo. Wells Fargo also reported better-than-expected profit, but its shares fell 0.8%.

  • The San Francisco- based lender has had to work to gain back the trust of customers and investors after more than two years of fines and investigations into inappropriate sales practices. Wells Fargo reported non-interest expense of $13.4 billion, down $533 million from a year earlier, while total loans rose 0.6% to $949.88 billion. i= 43059 c3bf0e37541&u= urn:...

  • Parents hold baby's hands.  Happy family in park evening

    Analyzing the data from the CNBC America's Top States for Business study, we reveal the 10 states that get the highest marks for low crime, inclusiveness, a strong health system and a healthy environment.

  • The Sunflower State jumped 16 spots to No. 19 in this year's CNBC America's Top States for Business rankings, making Kansas this year's most improved state.

    Kansas is running a budget surplus this year, and it is a big deal for the state, which saw revenue vanish in a disastrous tax-cutting experiment by former Gov. Sam Brownback. Kansas made the biggest move up CNBC's 2019 Top States for Business.

  • Wooden North Dakota flag

    Quality of life here is grand, but access to capital is plenty tough.

  • PHILADELPHIA, June 28- At Erin Pub, a classic Irish neighborhood bar in Norwood, Pennsylvania, dozens of Philadelphia Energy Solutions Inc's unionized employees crammed around the bar on Wednesday night, toasting to their friendships after learning that day of plans to close the refinery permanently after a devastating fire less than a week earlier.

  • HOUSTON, June 19- U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, challenging at least eight other projects aiming to send U.S. shale oil to world markets, according to a memo and a source who asked not to be named. The project, called Bluewater Texas Terminal LLC, signals another major expansion of its logistics...

  • NEW YORK, June 13- It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma has confounded many of the producers lured there, with one of its biggest champions warning that its business may struggle to survive. Alta Mesa Resources Inc, which turned a $3.8 billion investment in the oilfield into under $30 million in just...

  • June 12- North Dakota, home to the second-largest U.S. shale producing basin, has invested in a startup company that is proposing to develop new markets for shale gas and reduce unwanted burning of natural gas. North Dakota's government, in an unusual move, said it would invest $200,000 in natural gas infrastructure company Bakken Midstream Natural Gas LLC at a...

  • WELLS FARGO TREASURER SAYS BANK SEES NET INTEREST INCOME AT THE LOWER END OF PREVIOUSLY GUIDED DOWN 2-5% RANGE.

  • The proposed settlement was disclosed in filings on Thursday with the U.S. District Court in Santa Ana, California, and requires a judge's approval. Wells Fargo denied wrongdoing but said it settled to avoid the risks, cost and distraction of litigation, and has set aside enough money for the payout. In April 2018, Wells Fargo agreed to pay $1 billion to the Consumer...

  • Wells Fargo denied wrongdoing but settled to avoid the risks, cost and distraction of litigation, court papers show. Wells Fargo has been beset since September 2016 by a series of scandals over how it treats customers, including wrongly charging an estimated 600,000 auto loan borrowers for insurance. 1/ 8 nL2N1X51T4 3/ 4. In April 2018, Wells Fargo agreed to pay $1...