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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.
Alliant Insurance Services Inc is using confidential information obtained during a failed bid for Wells Fargo & Co's (WFC.N) commercial insurance business to poach top sales executives, according to a lawsuit filed by a Wells Fargo unit. The lawsuit, filed on Wednesday in Delaware's Court of Chancery, alleges that Alliant launched an "aggressive campaign" to hire insurance sales executives from Wells Fargo shortly after the bank agreed to sell its business, known as WFIS, to USI Insurance Services in June. The sale of WFIS, or Wells Fargo Insurance Services USA Inc, is expected to close later this year.