Another record trading day on Wall Street ... Equifax-Breach ... Wells Fargo-Congress
Posted October 2
NEW YORK — U.S. stocks set more records today as health care companies and banks continued to surge as investors grew more optimistic about the recovery in manufacturers. Stocks got a boost after the Institute for Supply Management said U.S. factory activity hit a 13-year high in August as hurricanes disrupted supplies but drove up demand for manufactured goods. The Standard & Poor's 500 index rose 9.76 points, while the Dow Jones industrial average advanced 152.51 points and the Nasdaq composite gained 20.76 points.
Credit report company Equifax is now saying an additional 2.5 million Americans may have been affected by a massive security breach this summer, bringing the total to 145.5 million people. Equifax said the company it hired to do an examination of the breach, Mandiant, has concluded its investigation and plans to release the results "promptly."
Wells Fargo's chief executive is saying the bank remains "deeply sorry" for its sales tactics and that a year since the scandal over them exploded has substantially changed for the better.The comments from Tim Sloan come ahead of his scheduled appearance in front of the Senate Banking Committee on Tuesday.
Google is ending a decade-old policy that required publishers to provide some free stories to Google users —though it's not clear how many readers will even notice, at least for the moment. Publishers had been required to provide at least three free stories a day under the search engine's previous policy, called "first click free." Now they have the power to choose how many free articles they want to offer readers via Google before charging a fee. That's according to Richard Gingras, vice president of news at Google Inc., who wrote about the policy in a company blog post
An eastern Indiana couple has pleaded guilty to stealing more than $1.2 million in merchandise from Amazon. The Star Press reported that 38-year-old Erin Joseph Finan and 37-year-old Leah Jeanette Finan pleaded guilty to mail fraud and money laundering in U.S. District Court in Indianapolis.