Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S.
U.S. stocks opened lower on Thursday as the initial enthusiasm for a preliminary agreement on an oil-production cap between the members of the Organization for the Petroleum Exporting Countries faded, helping to dull demand for stocks.
Sumner Redstone in 2012. He and his daughter, Shari, are taking a hard stance in pushing Viacom and CBS to combine. Credit Matt Sayles/Invision, via Associated Press.
FRANKFURT-- Commerzbank AG on Thursday said it plans a wide-ranging overhaul that includes laying off close to 10,000 jobs, or roughly 20% of its workforce, merging two large units and scrapping its dividend.
WASHINGTON—The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.