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Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss current tech earnings, including Facebook, and what the market needs to see the current rally go higher.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the Federal Reserve Announcement and what exactly it takes for US stocks to move higher. Yahoo Finance editor-in-chief Andy Serwer tries to get in on the action, but is rebuffed by Bliss.
Wells Fargo & Co. said late Thursday it will refund as much as $80 million to 570,000 clients who may have been wrongly charged for insurance after taking out a car loan. The bank’s statement comes after The New York Times had just hours earlier reported on a 60-page internal report prepared for company executives that said more than 800,000 people who took car loans from Wells Fargo were charged for auto insurance they did not need, and some of the customers were still paying for it. “We take full responsibility for our failure to appropriately manage the CPI program and are extremely sorry for any harm this caused our customers, who expect and deserve better from us,” said Franklin Codel, head of Wells Fargo Consumer Lending, which includes the auto dealer services unit.