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December 02, 2016

NEW YORK — Wells Fargo said it will split the jobs of chairman and CEO and will make other major changes to the composition of its board of directors in an effort to make the bank more accountable following a scandal over its sales practices.

The bank said Thursday it was amending its…


Consumer confidence jumps to highest level in 9 years

December 01, 2016

WASHINGTON — US consumer confidence rebounded this month to the highest level in more than nine years as Americans appeared unfazed by a tumultuous election campaign.

The Conference Board said Tuesday that its consumer confidence index registered 107.1 in November, up from 100.8 last month…


U.S. economy grows at 3.2 percent in third quarter

November 30, 2016

WASHINGTON — The U.S. economy in the third quarter grew at the fastest pace in two years, with a revised report showing stronger consumer spending than first estimated.

The gross domestic product, the country’s total output of goods and services, expanded at an annual rate of 3.2…


DirecTV seeks to be the next online substitute for cable

November 29, 2016

NEW YORK — There are already a few online services that aim to replace cable, but they haven’t attracted many users yet. AT&T’s DirecTV hopes to change that with a new service announced Monday.

While just about any person you meet on the street will tell you cable costs too…