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Wells Fargo falls as revenue misses estimates

  Bloomberg Wells Fargo & Co. fell after reporting first-quarter revenue that missed analysts’ estimates as the lender’s troubled community bank weighed on results. Wells Fargo shares slid 3 percent to $51.53 in New York, the lowest since Nov. 29 and the worst performance in the 65-company S&P 500 Financials Index. The stock has dropped 6.4 percent this year. The ...

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Al Rajhi Bank net profit rises by 10.1 percent

  DUBAI / Reuters Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 10.1 percent rise in its first-quarter net profit on Monday, beating analysts forecasts. The bank made 2.22 billion riyals ($589.30 million) in the three months to March 31, up from 2.017 billion riyals in the same period a year earlier, it said in a bourse ...

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New ways to grade schools!

  WASHINGTON / AP How often do students miss school? Are they ready for college? Are they physically fit? Is their school a welcoming place? States are beginning to outline new ways to evaluate their schools, rather than relying just on traditional measures such as test scores. The plans are required under a new federal education law, the Every Student Succeeds ...

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