Consumer brands like Tic Tac and Skittles that are typically innocuous and stay out of politics have been forced to take sides.Read More »
AT&T (NYSE: T) is considering selling its home security unit, AT&T Digital Life, in a move that could signal the start of various efforts to ease the debt load from a pending $85 billion purchase of Time Warner, Inc., according to a report from Reuters . The unit could be worth close to $1 billion in a sale. The unit, which provides options like smart security, video, and automation, launched in 2013 and is available only in certain markets, including Dallas.
Wells Fargo's longtime auditor, KPMG, is facing renewed scrutiny as the bank continues to struggle with new scandals and lawsuits that forced it to reshuffle its board and face frustrated investors. A new report from MarketWatch takes a close look at how much KPMG LLP, Wells Fargo's (NYSE: WFC) auditor for 85 years, knew about the banking practices that lead to the lawsuits that have kept the bank in turmoil for almost a year. The report says KPMG played a unique role, because "external auditors should serve as another line of defense" for investors by annually certifying that the financial statements are truthful — but did not inform shareholders that it knew about some of the consumer banking
U.S. government debt yields fell on Friday, as investors monitored turbulence in U.S. politics and the terror attack seen in Europe. The yield on the benchmark 10-year Treasury note (U.S.:US10Y) fell to 2.178 percent at 10:40 a.m. ET, while the yield on the 30-year Treasury bond (U.S.:US10Y) was lower at 2.767 percent. In Spain, a manhunt is currently underway as police try to locate the driver of a van who plowed into crowds in one of Barcelona's tourist hotspot areas , which left at least 13 people dead and over 100 injured.