Bloomberg Wells Fargo CEO John Stumpf will forgo $41 million in compensation, the bank’s board of directors announced, as punishment for a bogus accounts scandal that has rocked the company. The bank has already apologized and said it fired 5,300 employees tied to the illegal conduct, which saw employees boost sales figures by opening unauthorized deposit and credit accounts ...

  Agencies The entire state of South Australia lost electricity after severe winds and storms lashed the region, according to Adelaide-based SA Power Networks. The distributor, which services about 850,000 homes and businesses, said that Australia’s fourth-largest state by area is currently without power and there is “no upstream supply from the transmission network.” The state — about one and ...

  Bloomberg India has more than doubled the amount of coal small and medium companies can buy as the country aims to boost domestic sales of the fuel to reduce a glut. The cap was raised to 10,000 metric tons a year, from 4,200 tons set almost nine years ago, the coal ministry said in a notice. The new guidelines ...