Well, see, Yahoo just doesn’t have enough on its plate these days. So why not the revelation that hackers stole data on 500 million users in 2014? The hack—thought to be a state-sponsored affair—is likely the biggest data breach ever. [Good thing that Verizon sale already went through . . . in principle, at least] – NYTimes and WSJ
Dealbook’s Common Sense column on how the Wells Fargo scandal will test the DOJ’s new “get-tough” approach [see, e.g., the Yates Memo] when it comes to corporate misconduct and an increased focus on individual wrongdoers – NYTimes [and WSJ]
Former RBC wealth management chief executive (and political scion) John Taft weighs in on the behavior that led to Wells Fargo’s trouble and sees the obsession with “cross-selling” as a huge part of the cultural problem at banks – NYTimes
And some in Congress are lobbying for a Labor Department investigation to determine if that culture of “aggressive sales quotas” led to forcing unpaid overtime on employees – Law360
Bloomberg’s Benchmark feature isn’t so sure that Fed Chair Yellen is reading the labor market data correctly – Bloomberg
Even as China celebrates the $7.4 billion IPO for its Postal Savings Bank, Wall Street continues to suffer from the worst IPO business season in 20 years. Banks have taken in roughly $3.7 billion in fees from US-listed IPOs this year—a drop of an adjusted $9 billion from the height of the market in 2000 – WSJ
Oh, those millennials. Always engaging in insider trading for love. Wait, what? The SEC’s reportedly accusing a 20-something couple of acting on insider information after the boyfriend tipped his girlfriend about Apollo’s purchase of ADT earlier this year, prompting the girlfriend’s trades that netted her $24k. The couple’s downfall was made easier by discussions of the deal on work email. Ouch – Bloomberg
The Apple/Tesla rumors hit the Street the other day. Now there’s word that Apple’s making a few inquiries at McLaren, the UK-based supercar and Formula One business – NYTimes
With Anbang’s disruptive interest in Starwood now history, SW loyalty rewards members should brace themselves for a new reality: Marriott has announced plans to link its loyalty program with Starwood’s as early as 2018 – Bloomberg
Here’s a thought that could make global warming really real really fast for anyone who needs a pick-me-up in the morning. The world’s coffee supply, it seems (and the 125 million people for whom the industry provides a living), could be disastrously impacted by warming temps around the globe – NYTimes
Need a quick getaway? Enjoy this Voyages feature from 6 Times photographers and satisfy a little bit of your globetrotting urge from the comfort of your desk – NYTimes
Have a great weekend.