Stocks of Wells Fargo & Company (NYSE:WFC) appeared in active trade move, surged 0.49% to trade at $55.11 in last session with shares volume of 15.09 Million. A former employee of Wells Fargo (WFC) from Sonoma has filed a lawsuit against the bank, alleging that it retaliated against her after she became a whistleblower about illegal and aggressive sales tactics.
Diana Duenas-Brown declared more than two dozen instances of “fraudulent, illegal, and deceptive practices against Wells Fargo consumers,” her lawsuit reads, which she says lead to harassment by her supervisor. Duenas-Brown was a branch manager for the Sonoma town of Windsor for 11 years and was with the bank for 14.
“Because Duenas-Brown’s complaints jeopardized these profits and growth, her supervisors began to retaliate against her for reporting this illegal conduct, discriminated against her, and subjected her to a hostile work environment,” the lawsuit, which was filed Dec. 9, claims. To taking a short look on firm’s performance of margin, it showed a positive 39.60% in the net profit margin and in addition to its operating margin, which remained 82.60%.
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CSX Corporation (NASDAQ:CSX) eased down -0.83% during the previous trading session as the firm held price to earnings ratio of 19.99. CSX completes first phase of new tunnel in D.C.The Class I railway has completed the first phase of the new Virginia Avenue Tunnel project in Washington, D.C., clearing the way for trains to move double-stacked intermodal freight between Mid-Atlantic seaports and the Midwest on its railroad network.
CSX has competed the first phase of the new Virginia Avenue Tunnel project in Washington, D.C., clearing the way for trains to transport double-stacked intermodal freight between Mid-Atlantic seaports and the Midwest on CSX’s railroad network. The Jacksonville, Fla.-based Class I railway said the Virginia Avenue Tunnel is the last of 61 clearance projects that comprise the $850 million National Gateway Initiative, a public-private partnership reported in 2008 to create more-efficient pathways for rail freight between key U.S. markets through investment in critical transportation infrastructure.
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Algonquin Power & Utilities Corp. (NYSE:AQN) declared that a subsidiary of Liberty Utilities Co., APUC’s wholly-owned regulated utility business, successfully completed its acquisition of The Empire District Electric Company for an aggregate purchase price of approximately Cdn$3.2 billion. Empire is now a wholly-owned subsidiary of Liberty Utilities and will cease to be a publicly-held corporation.
“Empire is highly complementary to the scope of our current operations, brings valuable scale to our existing utility business, and adds further support to our annual dividend growth target of 10% through important accretion to per share cash flows and earnings,” said Ian Robertson, Chief Executive Officer of APUC. “The APUC and Empire teams have worked diligently to successfully bring our companies together, and we are excited about the many opportunities that our newly expanded platform brings to our growth prospects in North America.”
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