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BOJ leaves stimulus program unchanged

Bloomberg The Bank of Japan (BOJ) left its monetary stimulus program unchanged as it downgraded its assessment of exports, factory output and overseas economies. The BOJ’s decision to maintain its policy interest rates and asset purchases was predicted by all 46 experts surveyed by Bloomberg. Its gloomier take on the economy was also largely expected after a raft of weak ...

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Wells Fargo boosts CEO’s pay to $18.4m

Bloomberg Wells Fargo & Co. boosted Chief Executive Officer Tim Sloan’s compensation by 5.7 percent to $18.4 million for last year as the bank has worked to overcome multiple scandals. Sloan got $2.4 million in salary and $14 million of restricted stock linked to performance goals, the San Francisco-based bank said in a regulatory filing. He also got a $2 ...

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Boeing in turbulence as lawsuit risks soar

Bloomberg Lawyers are already targeting Boeing Co. for Ethiopian Airlines disaster even while investigators are still trying to figure out what caused two 737 Max 8 jetliners to go down in a span of five months, killing 346 people. Boeing faces the prospect of substantial payouts to the families of passengers if it’s found responsible for both the Indonesia and ...

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