Articles by Chris Prentice, Pete Schroeder and Imani Moise

Wells Fargo to Pay $3B to U.S. to Settle Fake Accounts Scandal

Wells Fargo & Co. has agreed to pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and has admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the …

SEC Enforcement Activity Up From Last Year; One Case Affected 8,400 Investors

Enforcement activity by the U.S. Securities and Exchange Commission in fiscal 2019 resulted in $4.3 billion in fines and disgorgements, up from $3.9 billion a year earlier, the regulator said on Wednesday. Those fines and disgorgements – or the return …

Thousands of Safer Ethanol Rail Tank Cars Sit Idle: Reuters

While crossing a small wooden bridge in northwestern Iowa last Thursday, 20 rail tank cars in a mile-long train transporting ethanol flew off the tracks, sending fireballs into the sky, while thousands of gallons of the biofuel leaked into the …

Health Official: Zika Virus Could Spread Across U.S. Gulf States

One of the top U.S. public health officials on Aug. 21 warned that the mosquito-borne Zika virus could extend its reach across the U.S. Gulf Coast after officials last week confirmed it as active in the popular tourist destination of …

El Nino Could Strike as Early as Summer Says U.S. Forecaster CPC

The much-feared El Nino phenomenon, the warming of sea surface temperatures in the Pacific which can trigger drought in Southeast Asia and Australia and floods in South America, could strike the Northern Hemisphere as early as next summer, U.S. weather …