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Mark Phelan: GM leads chase for vehicle of the year honors

Sep/29/2016

General Motors placed an industry-leading eight vehicles among the semifinalists for the North American Car, Truck and Utility vehicle of the year. The 30 semifinalists for the three awards range from compact economy cars to electric vehicles, ...





The Week Ahead: It's not the political debate, it's the economic data

Sep/29/2016

The nation's headlines have been filled with surveys of Americans saying how they will vote this presidential election. Investors may be better served by focusing on the economic data underpinning voters' motivations. That means jobs and wages. ...





Northwestern Mutual to cut 'hundreds' of jobs

Sep/29/2016

MILWAUKEE -- Northwestern Mutual Life Insurance Co. plans to eliminate about 100 jobs this year and "hundreds" more in 2017, the company's top executive told employees Thursday morning. "As we invest in our strategic priorities to meet our ...





Congress members question whether SpaceX should conduct its own investigation

Sep/29/2016

LOS ANGELES -- Ten Republican Congress members led by Rep. Mike Coffman, R-Colo., have sent a letter to the heads of the Air Force, NASA and the Federal Aviation Administration questioning whether SpaceX should be allowed to lead its own ...





Wells Fargo to pay $24.1 million for improper repossession of servicemembers' cars

Sep/29/2016

WASHINGTON -- The reputation of Wells Fargo & Co. took another blow Thursday when it agreed to pay $24.1 million for the improper repossession of cars owned by members of the U.S. military. The bank agreed to pay $4.1 million to settle a Justice ...





Report: Qualcomm eyes NXP Semiconductor acquisition

Sep/29/2016

SAN DIEGO -- Qualcomm is reportedly in talks to buy NXP Semiconductor for about $30 billion in what could be a blockbuster, transformative deal for the San Diego wireless company. Citing unnamed sources familiar with discussions, The Wall Street ...





Report: Qualcomm eyes NXP Semiconductor acquisition

Sep/29/2016

SAN DIEGO -- Qualcomm is reportedly in talks to buy NXP Semiconductor for about $30 billion in what could be a blockbuster, transformative deal for the San Diego wireless company. Citing unnamed sources familiar with discussions, The Wall Street ...





Los Angeles, U.S. Bank reach $13.5 million settlement on foreclosed homes in disrepair

Sep/29/2016

LOS ANGELES -- The Los Angeles city attorney has reached a $13.5 million settlement with U.S. Bank to resolve allegations that the nation's fifth largest bank operated as a slumlord and allowed hundreds of foreclosed properties to deteriorate, ...





House members demand probes of Wells Fargo, banking industry

Sep/29/2016

Lawmakers on Thursday intensified their calls for a wide range of investigations into Wells Fargo & Co. -- and into the practices of other banks -- as political fallout from the San Francisco institution's creation of unauthorized accounts ...





Costco narrowly tops profit estimates

Sep/29/2016

SEATTLE -- Costco Wholesale on Thursday beat Wall Street's earnings estimates for the quarter and fiscal year that ended Aug. 28. The warehouse giant, headquartered outside Seattle, reported quarterly profit of $779 million, or $1.77 per diluted ...