Wells Fargo CEO to take ‘full responsibility’ in Senate hearing: NY Times

Stumpf will strike a contrite tone in a testimony over the fake accounts at a Senate Banking Committee hearing on Tuesday morning, the New York Times said, citing a copy of his prepared remarks. “We never directed nor wanted our employees, whom we refer to as team members, to provide products and services to customers they did not want or need,” the Times quoted Stumpf as saying.

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Wells Fargo CEO to take ‘full responsibility’ in Senate hearing: NY Times

Wall Street rallies on gradual Fed tightening, improving economy

NEW YORK (Reuters) – U.S. stocks rallied on Wednesday after the Federal Reserve announced it is raising its key policy rate for the first time in nearly a decade in a sign of confidence in the U.S. economy.

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Wall Street rallies on gradual Fed tightening, improving economy

Yahoo shares rise as board meets and considers sale of Web business

Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up nearly 6 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board is weighing the sale of the Internet business at a three-day board meeting starting on Wednesday, a source familiar with the matter told Reuters. Chief Executive Marissa Mayer's attempts to revive the traditional business have born little fruit, and almost all of Yahoo's market capitalization of about $34 billion is ascribed to its stakes in Chinese e-commerce company Alibaba Holding Group Ltd and Yahoo Japan Corp .

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Yahoo shares rise as board meets and considers sale of Web business