Berkshire Hathaway says 3Q profit triples to $3.2B
Examiner (Free subscription) | 11/06/2009
... owns more than 60 subsidiaries and it has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co.
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Wells Fargo and Co.
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Financial Firms' Breakup Proposed in Bill by Independent Senator Sanders
Bloomberg (Free subscription) | 11/06/2009
“We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits,” Sanders said, citing Bank of America, Citigroup, and Wells Fargo & Co.
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Democrats want to curb banks' overdraft fees
Sify (Free subscription) | 10/30/2009
... at the cash register.In recent weeks, several major U.S. banks, including Bank of America Corp., JPMorgan Chase&Co. and Wells Fargo&Co., have said that they will allow customers to "opt out" of their overdraft programs.The House and Senate bills under consideration would go further by requiring that fees be proportional to the cost of the overcharge. The legislation also would prohibit...
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3M looks overseas for boost
Star Tribune (Free subscription) | 10/23/2009
The Chinese have been building roads, bridges and other public projects, and the infrastructure spending promoted strong growth in the third quarter, said Scott Anderson, a senior economist with Wells Fargo and Co.In the United States, he said, much of the $787 billion stimulus package is yet to be spent. However, he takes a different view from Buckley. "Basically, without the stimulus package,...
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Major business events scheduled for Wednesday
Sify (Free subscription) | 10/20/2009
:WASHINGTON — Federal Reserve releases Beige Book, 2 p.m.RICHMOND, Va. — Altria Group Inc. releases third-quarter financial results.THOUSAND OAKS, Calif. — Amgen Inc. releases third-quarter financial results.FORT WORTH, Texas — AMR Corp. releases third-quarter financial results.CHICAGO — Boeing Co. releases third-quarter financial results.SAN JOSE, Calif. — eBay Inc. releases third-quarter financial...
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Earnings schedule for week of 10/19/09
Daily Advance - Business (Free subscription) | 10/15/2009
... Ill. — Caterpillar Inc. releases third-quarter financial results.ATLANTA — Coca-Cola Co. releases third-quarter financial results.WILMINGTON, Del. — DuPont releases third-quarter financial results.NEW YORK — Pfizer Inc. releases third-quarter financial results.RESTON, Va. — SLM Corp. releases third-quarter financial results.EDEN PRAIRIE, Minn. — Supervalu Inc. releases second-quarter financial...
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INSIDE WASHINGTON: Bank errors mar mortgage relief
Daily Advance - Business (Free subscription) | 10/15/2009
... an inquiry by The Associated Press, the bank, America's Servicing Company, a division of Wells Fargo&Co., finally returned her call this week to apologize for the 7-cent error and say the foreclosure sale had been put on hold for now.Though her story is striking, Gooch is far from alone in her problems with the Obama administration's loan modification program, which provides federal subsidies...
- INSIDE WASHINGTON: Bank errors hamper effort to trim mortgage payments for strapped homeowners - Star Tribune
- INSIDE WASHINGTON: Bank errors mar mortgage relief - Seattle Post-Intelligencer
- See the 6 articles on the same subject
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Thompson weighs in on trading claim
Charlotte Observer: Breaking News (Free subscription) | 10/10/2009
... statements about the bank's prospects in the months leading up to its near collapse and sale to Wells Fargo & Co. The bank's demise has been largely blamed on troubled mortgage loans inherited in its 2006 acquisition of California-based mortgage giant Golden West Financial Corp.The bank and former executives named as defendants in the case haven't commented on the suit and have not filed...
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Government report questions rescue claims
Daily Advance - Business (Free subscription) | 10/05/2009
... businesses and consumers and help stabilize the financial system.The nine institutions, including JPMorgan Chase&Co. and Wells Fargo&Co., held about 75 percent of the assets of the U.S. banking system at the time.A joint statement from Treasury, the Federal Reserve and the Federal Deposit Insurance Corp. also referred to the nine institutions as healthy.In commenting on Barofsky's...
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BSP waives fees for remitance coursed through Wells Fargo
Positive News Media (Free subscription) | 09/29/2009
MANILA, Sept. 30 (PNA) -- Remittances coursed through the Wells Fargo and Co. to the Bank of the Philippine Islands (BPI) will be free of charge starting today up to Oct. 13.