Wells Fargo Chairman, CEO John Stumpf Retires After 34 Years With Company

Wells Fargo Chairman, CEO John Stumpf Retires After 34 Years With Company

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, […]

EFF to Court: Public’s Right To Access The Law Should Not be Blocked By Bogus Copyright Case

EFF to Court: Public’s Right To Access The Law Should Not be Blocked By Bogus Copyright Case

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 […]

Odds Of Rate Increases Strengthen & The Fed’s Monetary Policy Toolkit ~ Chair Janet L. Yellen

Odds Of Rate Increases Strengthen & The Fed’s Monetary Policy Toolkit ~ Chair Janet L. Yellen

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 […]

Economic Opportunity & Income Mobility (Status Of The American Dream) ~ A Speech By William C. Dudley, Federal Reserve Bank of New York

Economic Opportunity & Income Mobility (Status Of The American Dream) ~ A Speech By William C. Dudley, Federal Reserve Bank of New York

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 […]

A Note To Apple Customers On IOS Encryption & San Bernadino Case ~ By Tim Cook

A Note To Apple Customers On IOS Encryption & San Bernadino Case ~ By Tim Cook

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 […]

Under Armour Announces Global Partnership with Dwayne “The Rock” Johnson

Under Armour Announces Global Partnership with Dwayne “The Rock” Johnson

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 […]

Apple Reports Record First Quarter Results

Apple Reports Record First Quarter Results

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 […]

Google Launches Project Reconnect To Help Refugees

Google Launches Project Reconnect To Help Refugees

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 […]

Oil & China Continue To Drag Markets Down

Oil & China Continue To Drag Markets Down

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.

Manufacturing Sector Contracted In November

Manufacturing Sector Contracted In November

Tempe, Arizona…Economic activity in the manufacturing sector contracted in November for the first time in 36 months, since November 2012, while the overall economy grew for the 78th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair […]