Wells Fargo& Co. said earnings soared in the first three months of the year after the bank released some of the money it put aside for bad loans earlier in the pandemic. The San Francisco-based lender on Wednesday posted a profit of $4.74 billion for the first quarter, up from $653 million a year earlier. A year ago, Wells Fargo (WFC) and other big banks set aside billions of dollars to prepare for a coronavirus recession, hammering their profits at the time.
Canada's main stock index gained on Wednesday as investors expect fiscal stimulus measures that will be announced next week to be huge, while a jump in oil prices supported the commodity-heavy index. * At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 59.9 points, or 0.31%, at 19,263.6.
RADNOR, Pa., April 14, 2021 LBC Credit Partners announced the final closing of LBC Credit Partners V, L.P., and a fund raised contemporaneously adding $808 million of equity commitments to the firm's capital base. "We are grateful for the strong support we received from our investors and institutional partners," said John Brignola, LBC Senior Managing Partner.
WASHINGTON, April 14, 2021 Today, three leading synthetic biology companies announced the launch of the Synthetic Biology Coalition to promote investment and support for the American synthetic biology industry.
LOS ANGELES, April 14, 2021 Crexi, the commercial real estate industry's fastest-growing marketplace, data, and technology platform, today announced its mobile app for iOS. The Crexi app makes it easy to keep up with the ever-changing commercial market while on the go. The new mobile app allows users to: "We're thrilled to launch our new mobile app into the market.
* Import prices increase 1.2% in March. * Import prices jump 6.9% year-on-year. * Export prices rise 2.1%; surge 9.1% year-on-year. By Lucia Mutikani. U.S. import prices increased more than expected in March, lifted by higher costs for petroleum products and tight supply chains, the latest sign of inflation heating up as the economy reopens.
Terreno Realty Corp (TRNO): * TERRENO REALTY CORPORATION ACQUIRES PROPERTY IN KENT, WA FOR $10.0 MILLION Source text for Eikon: Further company coverage:
- McDonald's Corp (MCD) said on Wednesday it will require new training and policies to combat harassment, discrimination and violence at its 39,000 restaurants worldwide, calling for safer work places after it faced lawsuits by some female employees. The burger chain said restaurants, a majority of which are run by franchisees, will be required to meet the new standards starting in January 2022.
American Tower Corp: * AMERICAN TOWER CORP SAYS CEO THOMAS A. BARTLETT'S 2020 TOTAL COMPENSATION WAS $14.7 MILLION - SEC FILING. * AMERICAN TOWER CORP - FOR 2020, RATIO OF ANNUAL TOTAL COMPENSATION OF CEO TO MEDIAN EMPLOYEE WAS ESTIMATED TO BE ABOUT 386 TO 1 Source text Further company coverage:
VIRGINIA BEACH, Va., April 14, 2021 Atlantic Bay Mortgage Group® has been recognized as the National Mortgage News #1 Best Large Mortgage Company to Work For in 2021. This annual survey and awards program was designed to identify, recognize, and honor the best employers in the U.S. mortgage industry.
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