House lawmakers heap blistering criticism on Wells Fargo CEO
Angry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns ...
Official says failure in Syria may leave Russia in quagmire
WASHINGTON (AP) ? A senior Obama administration official told lawmakers Thursday that the failure of a cease-fire in Syria poses serious consequences for Moscow and gives the United States leverage, an argument that drew a skeptical response from Republicans and Democrats.
House panel lambasts Wells Fargo boss over phantom accounts
WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co Chief Executive Officer John Stumpf on Thursday offered Capitol Hill lawmakers a series of actions to fix widespread sales abuses but remained defensive on issues like consumer lawsuits, the weakness of an internal investigation and his sale of Wells Fargo shares. Jeb Hensarling, the Republican chairman of the House Financial Services Committee, said in his opening statement that he has lost faith in Wells Fargo, where he has a mortgage. "Mr. Stumpf, I have a mortgage with your bank," Hensarling said.
Train crashes into New Jersey station; 1 dead, 100-plus hurt
HOBOKEN, N.J. (AP) ? A crowded commuter train crashed into the bustling Hoboken station during the morning rush hour Thursday, killing at least one person and injuring more than 100 others, some critically, in a tangle of broken concrete, twisted metal and dangling cables, authorities said.
US-France court battle tied to Picasso comes to a head
A French family holding rights to photographs of Pablo Picasso's artwork won a major victory against an American art editor in US federal court this week, in a 20-year legal battle that has outlived the plaintiff. A lawyer for American art publisher and dealer Alan Wofsy, who reproduced the photographs in volumes he sold, told AFP on Wednesday he would seek to have the court hear the case again, so the court fight may not be over. Plaintiff Yves Sicre de Fontbrune never saw his hard-fought victory come to fruition.
U.S. economy less sluggish in second quarter; companies investing more
U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook. Other data released by the Commerce Department showed America's trade deficit for goods shrank in August, boding well for third-quarter growth. "It now appears that growth is slowly making its way back on to firmer ground," said Michael Feroli, an economist at JPMorgan in New York.
Pakistan captures Indian soldier along disputed border in KashmirNEW DELHI/ISLAMABAD (Reuters) - Pakistan captured an Indian soldier on its side of the disputed Kashmir border, military officials in the two countries said on Thursday, as tensions rose following a cross-border raid that India said it carried out against militants. "It is confirmed one soldier from 37 Rashtriya Rifles with weapons has inadvertently crossed over to the Pakistan side of the Line of Control," an Indian army official said in New Delhi. Two officials based in Pakistan's Chhamb's sector said the Indian soldier with weapons was captured at 1330 local time on Thursday.
Kerry: US on verge of ending Syria talks with RussiaWASHINGTON (AP) ? Secretary of State John Kerry says the U.S. is on the verge of ending Syria talks with Russia.
McConnell: Congress should discuss fixes to 9/11 lawWASHINGTON (AP) ? The Senate's top Republican Thursday warned that legislation enacted over President Barack Obama's veto to allow families of Sept. 11 victims to sue Saudi Arabia in U.S. courts may have "unintended ramifications" and that lawmakers should discuss fixes to the measure.
U.S. on verge of suspending talks with Russia on Syria: KerryThe United States is on the verge of suspending talks with Russia on trying to implement a ceasefire agreement to end the violence in Syria, U.S. Secretary of State John Kerry said Thursday. "We are on the verge of suspending the discussion because it is irrational in the context of the kind of bombing taking place to be sitting there trying to take things seriously," Kerry told an audience in Washington.