Mylan CEO to answer for EpiPen price hikes

Mylan CEO to answer for EpiPen price hikes

Cost of life-saving EpiPens up over 400% The CEO of Mylan (MYL) is headed to Capitol Hill on Wednesday to answer for the skyrocketing cost of the company’s EpiPen allergy treatment. Heather Bresch will defend her company before the House Oversight Committee by saying the company isn’t pocketing massive profits by jacking up the cost → Read More

Does Warren Buffett have a new favorite bank?

Does Warren Buffett have a new favorite bank?

Elizabeth Warren: Wells Fargo CEO should resign Warren Buffett has remained mostly silent about the Wells Fargo fake account scandal, even after Senator Elizabeth Warren urged Wells Fargo CEO John Stumpf to quit during a contentious Senate hearing on Tuesday. Buffett told the Fox Business Network late Tuesday that he was going to wait until → Read More

Viacom's interim CEO is leaving the company

Viacom's interim CEO is leaving the company

The battle for Viacom: Redstone v. Dauman Viacom’s interim CEO and President Tom Dooley will be leaving the company after November 15. Dooley’s departure was announced after a board meeting Wednesday. Dooley was promoted from COO to interim CEO upon the resignation of former CEO Philippe Dauman, but the appointment was only supposed to last → Read More

Walmart awards cash bonuses to nearly a million workers

Walmart awards cash bonuses to nearly a million workers

What’s driving Walmart’s sales? Walmart handed out cash bonuses of up to $500 to almost a million workers. The quarterly bonuses went to workers at about 99% of its stores in the United States for meeting targets for sales, profit and “customer experience,” which includes cleanliness and checkout time, company spokesman Kory Lundberg said Wednesday. Read More

My bank wants to sell me an annuity — should I buy?

My bank wants to sell me an annuity — should I buy?

The steady path to a dream retirement My bank has asked me if I want to put my money into an annuity. I don’t know if this is a wise move or not, so I’m not sure what to do. What do you think? –Charlene The Wells Fargo scandal has focused attention on a longstanding → Read More

People Magazine races to publish issue featuring Brangelina divorce

People Magazine races to publish issue featuring Brangelina divorce

Brangelina is no more… and the internet goes crazy Brad Pitt and Angelina Jolie’s divorce is such big news that People Magazine is publishing not one but two editions this week, CNNMoney has learned. The celebrity magazine, owned by Time Inc. (TIME), released its regularly scheduled issue, which features Michael Strahan on the cover, on → Read More

Half a billion Chinese use this bank. Now you can buy shares

Half a billion Chinese use this bank. Now you can buy shares

China’s technology and consumer driven economic transition It’s the biggest initial public offering of 2016, and the largest since Alibaba sold shares in 2014. China’s state-owned Postal Savings Bank is set to debut on the Hong Kong Stock Exchange next week after raising $7.4 billion in its IPO on Wednesday. Read More

Twitter, Bloomberg partner to live stream presidential debates

Twitter, Bloomberg partner to live stream presidential debates

Twitter’s new live streaming strategy will extend to the presidential debates. On Wednesday the company announced an expansion of its pact with Bloomberg Television that will bring Bloomberg’s coverage of the debates to the Twitter interface. The debates will be one of the prominent uses of Twitter live streaming yet. It’s a deal that makes → Read More

Wells Fargo workers: I called the ethics line and was fired

Wells Fargo workers: I called the ethics line and was fired

Elizabeth Warren: Wells Fargo CEO should resign Millions of phony accounts. Fake bank card PIN numbers. Fictitious email accounts. Wells Fargo admitted to firing 5,300 employees for engaging in these shocking tactics. The bank earlier this month paid $185 million in penalties and has since apologized. Read More

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