Wells Fargo fires 4 senior employees for ties to fake account scandal
Wells Fargo has fired four senior employees amid an ongoing probe into the bank's illegal sales practices.
The company announced Tuesday that it fired four employees who either work or used to work in that community banking division that's at the center of last year's scandal.
Wells Fargo admitted last fall that it created as many as 2 million fake accounts between 2011 and 2015.
Move over, Amazon: Here comes Walmart
Walmart's online sales grew at a faster pace in the fourth quarter than Amazon's.
Yes, you read that correctly.
Walmart reported its latest results Tuesday: Earnings topped forecasts, while overall sales missed estimates slightly.
The surprising news was that Walmart's e-commerce revenue in the United States rose 29% from a year ago. That compares with a 22% increase in total sales at Amazon.
Tesla's market cap is closing in on Ford's
Tesla's market value is poised to overtake that of 114-year old Ford.
Tesla, which reports full-year earnings Wednesday, was worth $43.8 billion Tuesday morning, while Ford clocked in at $49.5 billion.
So the electric automaker only needs to gain another 13% to catch Ford at its current valuation.
Certainly Tesla, which is much smaller than Ford, is growing much faster. Tesla's value has climbed 27% since the start of this year, while Ford's has increased 4%.
HSBC hit by loss of more than $4 billion
The hangover from the murky past of HSBC's private banking business is still lingering.
HSBC on Tuesday reported a net loss of $4.2 billion for the fourth quarter of 2016. The biggest single hit to its battered bottom line came from a $2.4 billion writedown of the value of its private banking business in Europe.
Uber hires Holder to investigate allegations
Uber is scrambling to repair its image after a former engineer published bombshell allegations of sexism within the company. Now, it has hired one of the nation's most well-known attorneys to investigate the claims.
CEO Travis Kalanick sent a company-wide email on Monday, which addressed the allegations published the day before. He said Uber hired former U.S. Attorney General Eric Holder and Tammy Albarran, both partners at law firm Covington & Burling, to probe the claims.
Uber allegations a stark reminder of sexism in tech
Silicon Valley has a sexism problem, and the world was reminded of that again Sunday night.
Susan Fowler, a former Uber engineer, published a blog post on Sunday alleging systemic sexism at Uber -- including being propositioned for sex by a superior. Fowler said she later found out other women had complained of similar treatment, but that Uber refused to do more than issue a warning. She said she was ultimately forced to seek another job. Uber says it is investigating.
Women take three top jobs in Saudi finance
Women are breaking the glass ceiling in Saudi finance.
Three top jobs in banking and financial markets have been filled by women within the last week. One of Saudi Arabia's top banks, Samba Financial Group, appointed Rania Nashar as chief executive officer on Sunday.
Saudi-owned Al Arabyia TV reported Monday that another bank, Arab National Bank, has appointed Latifa Al Sabhan as its chief financial officer. The bank did not respond to a request for comment.
Brooklyn's coolest hotels and hottest hangouts
Never mind the image of the stereotypical hipster with a waxed handlebar mustache riding a vintage fixed-gear bicycle in Brooklyn.
While they still exist at the Mast Brothers chocolate factory at the Brooklyn Navy Yard, what's currently popping up alongside this New York borough's artisanal cocktail lounges and trendy restaurants is a new generation of hotels.
Snapchat Spectacles now for sale online
You no longer have to find a special vending machine to get your hands on a pair of Snapchatting sunglasses.
Snap announced Monday morning that Spectacles will now be available on Spectacles.com.
The $130 Spectacles let you film "snaps" at the touch of a button. A wireless video camera embedded in the sunglasses captures 10 seconds of video and saves it to your Snapchat app. You can then edit and share the videos with friends and add to your Snapchat Story.
Amazon hiring 5,000 workers in U.K. despite Brexit fears
Amazon said Monday that it will hire 5,000 new employees in the U.K. this year, making it the latest elite tech firm to brush aside fears over the country's exit from the European Union.
The e-commerce giant -- which already employs 19,000 full-time workers in the U.K. -- said it plans to hire for a wide range of positions: software developers, engineers, technicians, managers and HR specialists.