Business News

Stocks Rattled by International Concerns

World markets are under pressure as China's exports in September tumbled 10% and imports fell 1.9%. (Fox News)

John Stumpf has “retired” as chairman and CEO of Wells Fargo bank.  This comes after he did a terrible job explaining why his employees opened over 2 million unauthorized client accounts and what he was going to do as the banks leader to fix it. COO Tim Sloan takes over as CEO. Executive-pay tracker Equilar estimates Stumpf will walk from Wells Fargo with about $134 million, despite agreeing last month to forfeit $41 million in unvested equity. And the big banks wonder why they have trust issues. (USA Today/CNBC)

Harley-Davidson, ticker symbol, HOG, will increase its emphasis on Asian sales, according to CEO Matthew Levatich. He is optimistic about growing the company's business in both existing and new Asian markets. (CNBC)

73 days till Christmas and Amazon is hiring in excess of 120,000 holiday season workers in 2016. In 2015, the e-commerce giant hired about 100,000 persons, with more than 14,000 staying on as full time employees after the holidays. (CNBC)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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