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Wells Fargo to pay $1B fine for mortgage, auto practices

Wells Fargo will pay $1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in a wide-ranging scandal at the banking giant.

 
Las Vegas gambler Bill Walters ordered to forfeit $25.4M

Las Vegas gambler Bill Walters, who’s scheduled to report to prison next month, was ordered to forfeit $25.4 million in illegal insider-trading gains.

 
‘Kill switch’ for stolen smartphones rejected by carriers

Samsung Electronics, the world’s largest mobile phone manufacturer, has proposed installing a built-in anti-theft measure known as a “kill switch” that would render stolen or lost phones inoperable, but the nation’s biggest carriers have rejected the idea, according to San Francisco’s top prosecutor.