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Wells Fargo to give extra pay to US workers

Bloomberg Wells Fargo & Co. is joining peers in awarding extra payments to employees as the bank deals with the coronavirus pandemic. Payments go to workers who earn base compensation of less than $100,000 and were employed by Wells Fargo for all of 2019, the San Francisco-based lender said in a statement. Eligible full-time employees will get $600 before taxes ...

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US states pursue about 6,000 complaints of price gouging

Bloomberg Amazon, Walmart, EBay and other large online sellers were urged by state law enforcement officials to crack down on price gouging that preys on panic over the coronavirus pandemic amid surging complaints by consumers. The attorneys general of New York and California called on the companies to take action as 6,000 complaints have poured in to authorities across the ...

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Norwegian buys time by unlocking state aid

Bloomberg Norwegian Air Shuttle ASA, the indebted low-cost carrier fighting for survival, bought itself some time as it managed to unlock the first, tiny slice of its state aid package. The carrier’s shares jumped as much as 25% when trading started in Oslo on Tuesday, though overall the stock is still down about 75% this year. Two Nordic banks will ...

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