Stocks decline sharply as investors worry over Europe and as Wal-Mart Stores Inc. is hit by a report that it hindered an investigation into bribery allegations.
MUMBAI -(MarketWatch)- Wells Fargo & Co. (WFC), the largest U.S. mortgage lender, is considering opening a bank branch in India but has yet to make a formal decision on whether to apply for a branch license to the Reserve Bank of India, a senior executive said Monday.
World’s biggest retailer leads the broader market and the retail sector lower after the New York Times reports that the company’s Mexican subsidiary, its biggest foreign unit, has used bribery to fuel growth.
After the stock’s parabolic move to new highs earlier this year, the shorts have relished a big reversal. And the charts show they might not be done yet.
MarketWatch
MarketWatch
