St. Paul News
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Wells Fargo & Co. marketed a risky securities-lending program as safe and cost institutional investors millions of dollars in losses, a lawyer said at the start of trial.
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The U.S. Supreme Court will decide whether people who file housing discrimination suits must show they were victims of intentional bias, accepting a case that may undercut the Obama administration’s crackdown on the lending industry.
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Wells Fargo & Co. faces a second Minnesota trial over claims by institutional investors that the bank marketed a risky securities-lending program as safe and cost them millions of dollars in losses.
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Consumer confidence in June eased from a six-year high as progress in the labor market supported Americans’ views of the economic outlook.
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Barclays Plc Chief Executive Officer Antony Jenkins said bankers must regain their moral footing and serve society’s long-term interests if the industry is to undo the damage caused by the financial crisis.
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Travelers Cos., the lone property insurer in the Dow Jones Industrial Average, agreed to buy Dominion of Canada General Insurance Co. from E-L Financial Corp. for about $1.1 billion in cash.
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Ernest Lau, a cardiologist at the Royal Victoria Hospital in Belfast, Ireland, was one of the first doctors to identify a defect in St. Jude Medical Inc.’s Riata that led to its recall in 2011. Now Lau is telling colleagues it’s time to embrace the company’s updated device.
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Samsung Electronics Co.’s first U.S. patent victory over Apple Inc. may prove fleeting if the iPhone maker rolls out new products before the government’s ban on older devices takes effect.
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Ecolab Inc., the largest provider of chemicals and services for water and wastewater treatment, said its Nalco unit plans to grow through acquisitions in the south Asian nation.
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Queen Elizabeth II marked 60 years since her coronation with a service in London’s Westminster Abbey, where she was crowned, underlining her religious dedication in her role as U.K. head of state.
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