San Francisco, CA…Wells Fargo & Company (NYSE: WFC) announced today that Chairman and Chief Executive Officer John Stumpf has informed the Company’s Board of Directors that he is retiring from the Company and the Board, effective immediately. The Board has elected Tim Sloan, the Company’s President and Chief Operating Officer, to succeed him as CEO, […]
Washington, DC…The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.7 billion in August, up $1.2 billion from $39.5 billion in July, revised. August exports were $187.9 billion, $1.5 billion more than July exports. August imports were $228.6 billion, […]
Washington, D.C.—On Monday, September 12, Electronic Frontier Foundation (EFF) Legal Director Corynne McSherry will urge a federal court to confirm that the public has a right to access and share the laws, regulations, and standards that govern us and cannot be blocked by overbroad copyright claims. The court in Washington, D.C., is hearing arguments in […]
Jackson Hole, WY…The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy. With the U.S. economy now nearing the Federal Reserve’s statutory goals of maximum employment and price stability, this conference provides a timely opportunity to […]
New York, NY…Good morning. I am very pleased to speak at the 6th Annual Community Development Conference. I would like to give a special thanks to the Association for Neighborhood and Housing Development for organizing this conference about issues of importance to the community development industry and to the future of New York City. At […]
Cupertino, CA…”The United States government has demanded that Apple take an unprecedented step which threatens the security of our customers. We oppose this order, which has implications far beyond the legal case at hand. This moment calls for public discussion, and we want our customers and people around the country to understand what is at […]
Baltimore, MD…Under Armour (NYSE: UA) today announced a global partnership with the dynamic actor, producer and global superstar Dwayne “The Rock” Johnson. As part of the long-term partnership, Johnson will work hand-in-hand with the innovative performance brand to create a range of products across footwear, apparel and accessories as well as support Under Armour’s Connected […]
Cupertino, CA…Apple® today announced financial results for its fiscal 2016 first quarter ended December 26, 2015. The Company posted record quarterly revenue of $75.9 billion and record quarterly net income of $18.4 billion, or $3.28 per diluted share. These results compare to revenue of $74.6 billion and net income of $18 billion, or $3.06 per […]
Mountain View, CA…Google Today announced plans to donate 25,000 Chromebooks to refugees. “Ahmed is an economics student from Aleppo in Syria. Last year he was forced to leave his hometown because of the war that has forced millions of his compatriots out of their country. He left his family and his studies—everything—behind to find a […]
New York, NY….The Dow Jones Industrial Average is down over 500 points in intraday trading as the worldwide oil glut, dropping oil prices and uncertainty in China’s stock market continue to weigh on markets. The only silver lining is that dropping gas prices continue to help energy costs for businesses and consumers.
