(CNN Money) -- Wells Fargo has fired one of its most powerful executives for misconduct. The scandal-ridden bank said Friday that it fired Franklin Codel, head of the consumer lending division, which churns out mortgages and auto loans. But Wells Fargo stressed it wasn't related to sales tactics, nor to the performance of the division. Instead, the bank said Codel violated company policy "during a communication he had with a former team member regarding that team member's earlier termination."
(CNN Money) -- First, the good news for Target. The struggling retailer actually had a decent third quarter. Profits and sales topped Wall Street's forecasts. Now, for the bad news. Target's outlook for the fourth quarter isn't particularly jolly. And that's got investors spooked. Shares of Target fell 8% in early trading Wednesday after the retailer said it expects fourth quarter earnings to be between $1.05 and $1.25 a share. Wall Street was expecting a profit of $1.24 a share, so the low end of the range is disappointing.
(CNN Money) -- The United States can look forward to many more years of an unprecedented oil and gas boom. The International Energy Agency predicted Tuesday that a dramatic increase in shale production will transform the U.S. into the world's largest exporter of liquefied natural gas by the mid-2020s. Another milestone will be reached soon after: By the late 2020s, the U.S. -- which only lifted its ban on oil exports in 2015 -- will ship more oil to foreign markets than it imports.
(CNN Money) -- General Electric is getting rid of the light bulb, the most iconic product of GE's 125-year existence. Unveiling GE's roadmap , new CEO John Flannery said that the company would focus on its health, power and aviation businesses. Lighting didn't make the cut to be part of GE's future.
(CNN Money) -- A handshake. A pat on the back. A hug. A shoulder rub. When it comes to workplace contact, what's OK and what's not? A good rule of thumb, from lawyers and etiquette experts alike: if you're considering anything beyond a handshake, proceed with caution.
(CNN Money) -- Twitter is about to get more words -- a lot more. The company announced on Tuesday it is doubling how many characters users can cram into a tweet. Most tweets will now fit 280 characters, up from 140. The new limit will roll out to Twitter users in almost all 40 languages Twitter supports. In late September, Twitter began a test of 280-character tweets with a small group of users.
(CNN Money) -- The interview is going great. You're qualified, the position sounds exciting and you're vibing with the boss. You've got this. Then comes the dreaded salary question. Salary talk during the hiring process is a delicate dance. Asking for too much might take you out of consideration, too little could mean compromising earnings. "People worry that it's going to hurt their chances of getting an offer if they come in above or below what the company has in mind," said Pamela Skillings, an interview coach and co-founder of The Big Interview.
(CNN Money) -- Jumping ship at your job pays off. Teachers, nurses, construction workers and even hotel employees who switched jobs recently saw bigger wage increases than their former colleagues who stayed put, according to new research from ADP, the payment processor.
(CNN Money) -- BMW is recalling 1.4 million cars and SUVs in North America due to the risk they could catch fire. The company has filed two recalls with the National Highway Traffic Safety Administration. They affect versions of the 3-series, 5-series, X5, X3 and Z3. The first recall, which spans more than 740,000 vehicles, covers a part of the engine that can short circuit and melt. This increases the chances of a fire, even when the vehicle isn't in use. BMW, in its NHTSA filing, said it's not aware of any related accidents or injuries.
(CNN Money) -- Want to invest in gender equality? There's a growing number of ways to do that. Earlier this year, National Australia Bank raised 500 million Australian dollars ($384 million) from investors keen to promote gender equality at work, and get a healthy return on their cash. It was the country's first gender bond. "It's not often that you see capital markets and diversity come together," said Eva Zileli, head of group funding at National Australia Bank.