Fashion retailer H&M says data protection breaches unacceptable

Fashion retailer H&M says data protection breaches unacceptable
FILE PHOTO: The H&M clothing store is seen in Times Square, New York, Nov. 15 2019. REUTERS/Mike Segar/File Photo STOCKHOLM/FRANKFURT (Reuters) – Fashion retailer H&M (HMb.ST) said on Saturday that data security breaches found at its German unit were unacceptable and it was cooperating with the local data protection supervisory authority in its investigation into the matter. “The local team... Read More

Habit Burger Grill plans to offer Impossible plant-based patty

Habit Burger Grill plans to offer Impossible plant-based patty
NEW YORK (Reuters) – The Habit Restaurants Inc (HABT.O), known as the Habit Burger Grill, plans to put a plant-based meat patty from Impossible Foods Inc on its menu in the second half of this year as a limited-time offering. FILE PHOTO: Employees work at the Impossible Foods headquarters in Silicon Valley, in San Francisco, California, U.S., December 19, 2019.... Read More

The S&P 500 has worst day since October as virus fears mount

The S&P 500 has worst day since October as virus fears mount
NEW YORK (Reuters) – Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s worst week in six months. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas... Read More

Wall Street set for weekly loss on gathering virus fears

Wall Street set for weekly loss on gathering virus fears
NEW YORK (Reuters) – Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. REUTERS/Lucas Jackson All three major U.S. stock averages extended their losses after the... Read More

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics

U.S. bank regulator sharpens teeth on Wells Fargo, surprising critics
WASHINGTON (Reuters) – Long accused of being too soft, a U.S. bank regulator has surprised its critics with tough treatment of scandal-ridden lender Wells Fargo (WFC.N), culminating on Thursday in more than$58 million in fines against eight former executives at the bank. FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith... Read More

Walmart testing higher minimum wage for some employees

Walmart testing higher minimum wage for some employees
FILE PHOTO: A man passes in front a “bodegon” named “Mini Walmart” in Puerto Cabello, Venezuela December 10, 2019. Picture taken December 10, 2019. REUTERS/Manaure Quintero (Reuters) – Walmart Inc (WMT.N) is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition. The... Read More

AmEx profit beats on strong U.S. holiday season spending

AmEx profit beats on strong U.S. holiday season spending
FILE PHOTO: An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration (Reuters) – Credit card issuer American Express Co (AXP.N) reported a fourth-quarter profit on Friday that beat analysts’ estimates, as more people used its cards for shopping and paying bills while a strong U.S. retail sales environment... Read More

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal

U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal
WASHINGTON (Reuters) – Wells Fargo & Co’s U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank’s multi-year sales practices scandal. FILE PHOTO: Wells Fargo CEO John Stumpf testifies before a... Read More

Bank regulator charges ex-Wells Fargo executives for role in sales scandal

Bank regulator charges ex-Wells Fargo executives for role in sales scandal
WASHINGTON (Reuters) – Wells Fargo & Co’s (WFC.N) regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank’s three-year sales practices scandal. FILE PHOTO: Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on... Read More

Regulator charges ex-Wells Fargo executives for role in sales scandal

Regulator charges ex-Wells Fargo executives for role in sales scandal
WASHINGTON (Reuters) – Wells Fargo & Co’s (WFC.N) regulator on Thursday announced it had brought civil charges against eight former executives, including former Chief Executive Officer John Stumpf, marking the first federal action against individuals for their role in the bank’s sales practices scandal. FILE PHOTO: Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the... Read More