Business News - #109-16

Oct 13, 2016, 11:02 AM

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Ericsson, the world's biggest maker of mobile network equipment has reported a 94 percent plunge in quarterly operating profit. Wells Fargo's chief executive, John Stumpf, is to resign immediately in the wake of a scandal over its sales practices. And shares in Hanjin Shipping surged by as much as 25% after the indebted firm announced that it was beginning the process to sell its US assets. #business #finance #economy #banking #Ericsson

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