Yellen: Wells Fargo's behavior towards customers egregious and unacceptable 5 Mins Ago | 01:02 Federal Reserve Chair Janet Yellen blasted Wells Fargo for the bank's fake-account scandal, though she stopped short of what actions the central bank may take. Responding to a question at her quarterly news conference, the central bank chief called Wells Fargo's actions "egregious and unacceptable." The bank has been under fire for the past year after it admitted that thousands of employees enrolled customers in programs without their knowledge or consent. The workers were attempting to meet aggressive sales goals that have since been abandoned. Wells Fargo has admitted that about 3.5 million accounts
Toys “R” Us Inc. is the second-largest retail bankruptcy ever, with $6.6 billion of total assets at the time of filing, according to S&P Global Market Intelligence. Only Kmart, which has since reorganized, was bigger with $16.3 billion of assets when it went under in 2002. The toy chain said this week it doesn’t plan to close stores and will continue operations, unlike Circuit City Stores Inc. and RadioShack Corp., which were forced to liquidate.
Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need