Bloomberg Wells Fargo & Co. is facing a Department of Justice (DOJ) investigation into whether employees in the company’s wholesale-banking business improperly altered customer data, a person familiar with the matter said. The changes were made to meet a regulatory deadline, the Wall Street Journal reported earlier Thursday. “This particular situation involved a new process and a new required document …

Bloomberg British Airways may become the first high-profile company to run afoul of Europe’s far-reaching data privacy rules — and face potentially hefty fines — after a computer hack compromised credit card data from some 380,000 customers. The European Union’s General Data Protection Regulation, or GDPR, which took effect in May, mandates that companies have to take technical precautions such …

Bloomberg EasyJet Plc Chief Executive Officer Johan Lundgren is in talks for further deals allowing passengers to connect with flights operated by long-haul carriers after announcing an accord with Singapore Airlines Ltd. Europe’s second-biggest discount carrier aims to seal more tie-ups before the year’s end, Lundgren said in an interview in London. Potential allies include more Asian operators as well …

Bloomberg With Amazon.com Inc. hitting a trillion-dollar valuation earlier this week, the company’s shadow looms over the entire retail industry. But there are still sizable gaps that Amazon and other online giants don’t address, and that’s where Peter Price looks to build a business. The 78-year-old entrepreneur is seeking out mom-and-pop shops — like the local butcher, toy store or …

Bloomberg US safety regulators are investigating an engine failure on a Delta Air Lines Inc. jet that forced pilots to shut down the turbine and return to Atlanta shortly after takeoff. The accident occurred last week on a Boeing Co. 757-200 bound for Orlando, Florida, the National Transportation Safety Board said. Delta Flight 1418, which had 121 passengers and six …

Bloomberg Peace talks between Yemen’s exiled government and Shiite rebels planned for this week in Geneva haven’t taken place after the Houthis delegation didn’t arrive in the Swiss city. The United Nations’ special envoy to Yemen, Martin Griffiths, plans to head to the war-torn country within days, where he will hold talks with the Houthi rebels. “The environment for discussions …

Bloomberg The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field. The state’s previous record was $40,001 an acre set in December, according to a statement by the US Department of the Interior. Overall, the …

Bloomberg Orsted A/S unveiled the world’s largest offshore wind farm, an 87-turbine complex in the Irish Sea covering an area more than double the size of Manhattan. The Walney Extension off the coast of northwest England has a generating capacity of 659 megawatts and is capable of powering 590,000 homes, according to Danish company Orsted, the world’s biggest developer of …

Bloomberg Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the rescue plan for the oil industry that will consist of producing more crude oil soon, and we will need these companies that have experience, most of them national companies,” President-elect Andres Manuel Lopez Obrador said. “We are …

Bloomberg The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for delivery five or more years in the future is due to the growth of tight oil fields and the shift in producers’ need to hedge oil so far out in the future, according …