Regional Business News

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The Wells Fargo Scandal: Is the Profit Model to Blame?

"It’s not just Wells Fargo. Fees are a critical part of the profit model for banks in the U.S."-Lisa Cook

Wells Fargo fired 5,300 workers for illegal sales push. Executive in charge retiring with $125 million.

"It is difficult to believe a large-scale, coordinated [scheme] like this took place without knowledge of some higher ups."

How the careless errors of credit reporting agencies are ruining people’s lives

The agencies’ "primary duty is to make money," says Chi Chi Wu, a lawyer with the National Consumer Law Center . "The consumer is not their customer. The consumer is their commodity."

Consumers lose as FCC retreats on set-top box proposal

Under fire from Hollywood and Big Cable, Tom Wheeler, the chairman of the Federal Communications Commission, lost his nerve.

And many of us are going to lose out.

Wells Fargo boots 5,300 employees for creating accounts its customers didn’t ask for

The practice allegedly allowed bank employees to earn bonuses, while customers incurred fees for accounts they did not request.

Wells Fargo Fined $185 Million for Fraudulently Opening Accounts

For years, Wells Fargo employees secretly issued credit cards without a customer’s consent.

Allegiant Air, with ultra-low fares, draws FAA’s attention over safety concerns

In an industry that has habitually struggled to make money, Allegiant’s soaring earnings stand out.

A fortress against fear – In the rural Pacific Northwest, prepping for the day it hits the fan

American Redoubt describes a settlement of the God-fearing in a lightly populated territory that includes Idaho, Montana, Wyoming, and the eastern parts of Washington and Oregon.

Cloud Computing Brings Sprawling Centers, but Few Jobs, to Small Towns

Local people, along with many economists and officials, often think these data centers are a key to an industrial revival. But the reality is less impressive.

Latest: Feds warn states against letting mining companies self-bond

Three major coal companies have filed for bankruptcy this year.