Wells Fargo facing possible $1 billion in civil penalties over customer-account fraud

Wells Fargo & Co. confirmed industry and analyst speculation Friday that its two federal regulators want the bank to pay up to $1 billion in civil penalties to resolve multilayered customer-account issues. The bank said those issues include “our compliance risk management program and our past practices involving certain automobile collateral protection insurance policies and […]

Twelve senators seek FCC probe of Sinclair news scripts, pause in Tribune review

Twelve U.S. senators on Thursday asked the Federal Communications Commission to investigate Sinclair Broadcasting Group (SBGI.O) for “deliberately distorting news” and asked the commission to pause its ongoing review of the company’s proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N). Sinclair, which is already the largest U.S. broadcaststation owner, announced plans in May 2017 […]

TESS readies for takeoff

Satellite developed by MIT aims to discover thousands of nearby exoplanets, including at least 50 Earth-sized ones. There are potentially thousands of planets that lie just outside our solar system—galactic neighbors that could be rocky worlds or more tenuous collections of gas and dust. Where are these closest exoplanets located? And which of them might […]