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U.S. markets news

Wells Fargo Troubles Mount With Penalty for Soldiers' Loans
Wells Fargo & Co., reeling from weeks of pummeling over fraudulent customer accounts, is now facing a Justice Department sanction over improperly repossessing cars owned by members of the military, according to two people with knowledge of the ...
House panel lambasts Wells Fargo boss over phantom accounts  Reuters
Lawmakers Take More Swings at Wells Fargo CEO John Stumpf  Wall Street Journal
Can CBS and Viacom Merge? It Depends on the Redstone-Moonves Dance
Leslie Moonves, who isn't used to standing around, found himself doing just that at this summer's Allen & Co.'s annual summer gathering of business titans in Sun Valley, Idaho.
Redstone push is on to reunite CBS and Viacom  CBS News
Sumner Redstone's National Amusements Proposes CBS-Viacom Merger  Forbes
FCC's moment of truth on set-top box
With help from Alex Byers and Tony Romm. FCC's MOMENT OF TRUTH ON SET-TOP BOX - All eyes will be on Democratic FCC Commissioner Jessica Rosenworcel at today's 10:30 a.m.
FCC pulls set-top box rules from meeting agenda  USA TODAY
FCC delays vote on much-disputed rules on cable boxes  Washington Post
US 2 Q GDP Growth Revised Up To 1.4% - Not Great But Better
The Commerce Department released their update to the second quarter GDP estimate and it's up by 1.4%, rather stronger than the 1.1% they had reported earlier.
US economy less sluggish in 2nd qtr; companies investing more  Reuters
GDP 2Q growth rises 1.4 percent in final reading vs. 1.2 percent estimate  CNBC
U.S. Stocks Retreat as Deutsche Bank Woes Hit Financial Shares
U.S. stocks fell as banks retreated amid growing concern that Deutsche Bank AG's woes will spread to the global financial sector.
Deutsche Bank shares drop after report that some hedge funds have reduced ...  CNBC
Deutsche Bank (DB) Stock Falling as Hedge Funds Cut Exposure
Forbes Pegs Trump's Wealth At $3.7 Billion, $800 Million Less Than Last Year
Donald Trump watches as Luis Ortiz fights Matias Ariel Vidondo of Argentina during a WBA heavyweight title bout at Madison Square Garden in New York on Saturday, Oct. 17, 2015.
Forbes Editor Explains How Trump Inflates His Wealth, Why He Is Hiding His ...  Media Matters for America (blog)
Forbes: Trump Lost $800 Million in 2015  Newsmax
Germany's Commerzbank cuts nearly 10000 jobs, halts dividend
FRANKFURT Germany's Commerzbank (CBKG.DE) will cut more than a fifth of its workforce and suspend its dividend as it tackles the challenges of low interest rates, weak profits and the shift to online banking.
Five Things You Need to Know to Start Your Day  Bloomberg
Commerzbank to slash jobs, scrap dividend  MarketWatch
The Latest: California governor signs worker retirement bill
SACRAMENTO, Calif. - The Latest on California's private sector retirement bill (all times local): 10:30 a.m.. California's governor is approving legislation that will automatically enroll millions of private-sector workers in retirement savings accounts.
Nearly 7 million Californians will be automatically enrolled in state-run ...  Los Angeles Times
Commuter train hits New Jersey station; no word on injuries  Breitbart News
PepsiCo's drinks, snacks boost sales in North America
PURCHASE, N.Y. (AP) - PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a profit that beat Wall Street expectations.
PepsiCo lifts outlook as earnings beat forecasts  MarketWatch
PepsiCo's CEO (PEP) Indra Nooyi on Q3 2016 Results - Earnings Call ...  Seeking Alpha
Qualcomm in Talks to Acquire NXP Semiconductors
Qualcomm Inc. QCOM 5.01 % is in talks to acquire NXP Semiconductors NXPI 13.33 % NV, a deal that would likely be valued at over $30 billion and represent the latest merger in a rapidly consolidating semiconductor industry.
Qualcomm in talks to buy NXP Semiconductors - WSJ  Reuters
Better Buy for Dividend Investors: NXP Semiconductors NV vs. Texas Instruments  Motley Fool