The Federal Reserve said Friday it is restricting Wells Fargo’s size in response to “widespread consumer abuses.” As a result, Wells Fargo plans to replace three directors by April and a fourth by the end of the year. The Fed is prohibiting the bank from growing any larger than its total assets as of the […]
By raining down laser pulses on some 770 square miles of dense forest in northern Guatemala, archaeologists have discovered 60,000 Maya structures that make up full sprawling cities. And the new technology provides them with an unprecedented view into how the ancient civilization worked, revealing almost industrial agricultural infrastructure and new insights into Maya warfare. […]
Alphabet Inc.’s earnings Thursday after the bell contained something of a surprising detail: Its Google cloud unit is banking $1 billion a quarter in sales. Though that’s a small portion of the company’s overall $32.32 billion in revenue, it’s a fast-growing chunk. And it’s the first time in years executives have broken out cloud specifically. […]
Archaeologists in Egypt have discovered a 4,400-year-old tomb near the country’s famed pyramids at the Giza plateau just outside Cairo, the Antiquities Ministry said Saturday, the latest discovery that authorities hope will help revive the country’s staggering tourism sector. The tomb was found in a wider area of Giza’s western necropolis, which is known to […]
British and EU negotiators hold their first formal Brexit talks next week since an interim deal in December unlocked discussions on their future relationship. Here are key dates in the process to come: Feb. 5 – EU chief negotiator Michel Barnier meets his British opposite number Brexit Secretary David Davis in London. Feb. 6-8 – […]
Famous Vermont coffee roaster and small appliance brand Keurig Green Mountain announced Monday a merger with a Plano-Texas based company behind some of the best-known brands in store drink aisles. Dr Pepper Snapple Group has more than 50 beverage brands, including Dr Pepper, Snapple, 7UP, Sunkist, Mott’s juices, A&W Root Beer, Hawaiian Punch, Mr & […]
Exxon Mobil Corp (XOM.N) plans to invest billions of dollars in the United States due in part to recently approved corporate tax rate cuts, the company’s chief executive said on Monday. Darren Woods, head of the world’s largest publicly traded oil producer, said in a blog post on the company’s website that Exxon expects to […]
The U.S. Justice Department and the country’s derivatives regulator said on Monday they had filed civil and criminal charges against three European banks, which paid $46.6 million to settle the cases, and eight individuals for alleged manipulation in U.S. futures and commodities market. UBS, Deutsche Bank and HSBC and former traders at the banks, as […]
BEIRUT — The U.S. military said Monday that it is reviewing its guidelines for the use of wireless devices at military facilities after revelations that popular fitness apps can be used to expose the locations and identities of individuals working in sensitive areas. The review came after reports by The Washington Post and other outlets […]
Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line. Shares rose more than 6 percent in extended trading, after […]
Cape Town — a city once at the forefront of Africa’s green movement — implemented new emergency water restrictions Thursday as the sprawling metropolis prepares for the day its taps run dry. Residents are now being asked to curb the amount of municipal water they use each day to just 50 liters (a little over […]
A 2,000-year-old United Nations World Heritage Site in Peru was damaged this week when a trucker intentionally drove his tractor-trailer off a roadway that runs through the protected historic area, the authorities said. The site, the famed Nazca Lines, is a sprawling series of images scratched into the surface of a coastal plain about 225 […]
