On Thursday, Shares of Wells Fargo & Co (NYSE:WFC), added 0.42% and closed at $45.18 in the last trading session. The last trading range of the stock ranges between $44.83 and $45.39. Finkelstein Thompson LLP declares that we are investigating Wells Fargo & Company. Wells Fargo & Company (WFC) revealed on September 7, 2016, that the Consumer Financial Protection Bureau had fined the company $100 million for secretly opening over 2 million unauthorized deposit and credit card accounts since 2011 in order to meet performance aims. Wells Fargo’s conduct has also resulted in millions in refunds to affected customers, the initiation of other governmental investigations and sanctions, lawsuits by former employees alleging they were wrongfully terminated, and securities fraud, class action lawsuits. One such class action has already been filed in the Northern District of California – Case 3:16-cv-05479.
Finkelstein Thompson LLP is investigating whether certain officers and directors of Wells Fargo & Company breached their fiduciary duties or committed other violations of law in failing to supervise or maintain adequate internal controls to prevent or to timely discover the opening of the unauthorized deposit and credit card accounts.
Starbucks Corporation (NASDAQ:SBUX), dropped -0.39% and closed at $53.14 in the last trading session. The last trading range of the stock ranges between $53.03 and $53.48. The company’s Market capitalization is $77.67 Billion with the total Outstanding Shares of 1.47 Billion. Starbucks (SBUX) recently opened its first store in Englewood in the South Side of Chicago at 63rd and Halsted. The store is part of Starbucks nationwide program to support local economic development in at least 15 diverse, low- to- medium-income communities by 2018. Three such locations have already opened in Ferguson, Phoenix and the Jamaica neighborhood of Queens, NY. Similar to those stores, the new location in Englewood will support efforts to revitalize the community by creating meaningful local jobs, providing an exclusive in-store job skills training program for youth, and investing in local minority-owned contractors and suppliers. Starbucks also declared plans to expand the national program to five new communities in 2017, counting neighborhoods in the Baltimore, Birmingham, Long Beach, CA, Miami, and Seattle areas.
“While communities like Englewood have been plagued by crime, poverty, and a severe lack of opportunity, there is in fact a long-term movement underway to revitalize these neighborhoods and return the story to one of hope, resilience and progress,” said Rodney Hines, director for community investments for Starbucks U.S. Retail Operations. “Our aim with this program is to show that when the private and public sectors come together to drive meaningful investment, we can create new jobs and economic opportunities that have the potential to reverberate for generations to come. Opening in Englewood is not just an opportunity to grow our business, but to be part of a local solution for social change.”
Zayo Group Holdings Inc (NYSE:ZAYO), lost -0.26% and closed at $30.93 in the last trading session. The last trading range of the stock ranges between $30.89 and $31.05. During the 52-week trading session the minimum price at which share price traded, registered at $19.59 and reached to max level of $31.08. A major wireless carrier has selected Zayo Group Holdings, Inc. (ZAYO) to deploy C-RAN connectivity in two major metro areas. In one market, Zayo will provide an “over the top” fronthaul solution, providing incremental fibers on existing paths to supplement the existing network. In the second market, Zayo will initiate service for the carrier in a new cluster of sites, solving for high-demand areas by extensively leveraging dense, existing metro dark fiber assets.
Increasingly, wireless carriers are turning to C-RAN architecture to improve network performance while reducing capital expenditures and gaining operating efficiencies. “C-RAN facilitates wireless carriers to cost-efficiently keep pace with the growing bandwidth demand of their customers,” said Dave Jones, executive vice president, Dark Fiber Solutions at Zayo. “C-RAN, which requires a plentiful supply of dark fiber, is a prime example of second tenant economics for Zayo.”