19 February, 2015 by The TZ Newswire Staff Comments Off on Santander reaches accord with N.Y. to expand bank account access
Santander reaches accord with N.Y. to expand bank account access
Santander Bank, N.A. has agreed to change the way it screens applicants for checking and savings accounts, becoming the third bank to reach such a pact with New York Attorney General Eric Schneiderman. The accord, expected to be announced Friday, comes amid concerns the current screening process makes it harder for lower-income consumers to open accounts, forcing them to rely on high-cost alternatives like check-cashing outlets.
19 February, 2015 by The TZ Newswire Staff Comments Off on Apple wants to start making electric vehicles as early as 2020: Bloomberg
Apple wants to start making electric vehicles as early as 2020: Bloomberg
Apple Inc aims to begin producing an electric vehicle as early as 2020, Bloomberg cited people with knowledge of the matter as saying, a seemingly aggressive target for a mobile devices maker with little experience in car manufacture. The iPhone maker is pushing its “car team” of about 200 people to meet that goal, Bloomberg reported.
19 February, 2015 by The TZ Newswire Staff Comments Off on Wal-Mart, under pressure, boosts minimum U.S. wage to $9 an hour
Wal-Mart, under pressure, boosts minimum U.S. wage to $9 an hour
Wal-Mart has been a prime target of critics who say its low-wages and inflexible scheduling are a big part of the problem. The White House praised the move, pointing out that 17 states have already moved to boost their minimum wages above the federal level of $7.25 an hour and renewing its call on the Republican Congress to boost the wage on a national level.
19 February, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Ally assumes it will lose entire GM leasing business – CEO
Exclusive: Ally assumes it will lose entire GM leasing business – CEO
Ally Financial Inc (ALLY.N) is taking steps to replace its remaining exclusive leasing deals with General Motors Co (GM.N), betting that the largest U.S. carmaker will eventually finish taking that business in-house, the auto lender’s chief executive said in an interview. GM has already said that its financing arm, GM Financial, would replace Ally as the exclusive lessor for Buick, GMC and Cadillac vehicles. Ally expects GM Financial to eventually take over leasing for Chevrolet as well, Ally Chief Executive Jeffrey Brown told Reuters on Thursday.
19 February, 2015 by The TZ Newswire Staff Comments Off on Daicel to build U.S. air bag inflator plant earlier than planned
Daicel to build U.S. air bag inflator plant earlier than planned
Daicel Corp said it would build a second U.S. factory for air bag inflators in early 2016, bringing forward original plans partly to meet automakers’ demand for alternatives to potentially deadly inflators made by Takata Corp. Daicel’s shares rose as much as 4 percent in Tokyo. Automakers such as Honda Motor Co have said they are turning to Daicel, Autoliv Inc and others to help supply inflators as Takata struggles to produce them fast enough for the millions of cars being recalled worldwide.
19 February, 2015 by The TZ Newswire Staff Comments Off on Movers & Shakers: Deere, LabCorp, Cabot Oil earnings in focus
Movers & Shakers: Deere, LabCorp, Cabot Oil earnings in focus
Among the companies whose shares are expected to see active trade in Friday’s session are Deere, LabCorp, and Cabot Oil.
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19 February, 2015 by The TZ Newswire Staff Comments Off on Samsung goes after Apple on new front
Samsung goes after Apple on new front
Samsung’s acquisition of LoopPay may see it dominate the mobile payment space, experts say, upping the rivalry with long-standing competitor Apple.