Wells Fargo faces labor probe over alleged unauthorized accounts
The Labor Department is reviewing Wells Fargo after senators urged a top-to-bottom look at possible worker abuses in the banks push to hit sales goals. About 5,300 employees have been fired since 2011 amid a scandal involving millions of unauthorized deposit and credit card accounts. Chief executive John Stumpf and Carrie Tolstedt forfeit tens of millions in stock awards and lose 2016 bonuses as regulators and lawmakers scrutinize the bank.
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Wells Fargo
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Perez
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Stumpf
Carrie Tolstedt
Tolstedt
Ment
Jennifer Dunn
Labor Department
California
Senate Banking Committee
Data Comm to Cut Flight Delays Across U S Airports
FAA says pilots and air traffic controllers will switch to text communications at most busy airports by year end. The system speeds routing, reduces miscommunication, and could save airlines billions in fuel and time while remaining radios for emergencies. Dulles has begun using Data Comm with 10 to 20 percent of departures and more carriers plan adoption. Delta cites about one minute taxi time savings per flight, totaling substantial annual savings.
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Greece Transfers Public Utilities to New Creditor Fund
Amid protests parliament voted 152 to 141 to place state run power and water firms under a creditor led asset fund for 99 years. The fund also takes control of Athens subway operator a military vehicle maker and a public property fund while Greece retains overall finance ministry oversight. Protests outside parliament accused the move of surrendering wealth and sovereignty.
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Alexis Tsipras
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