ADVFN - Advanced Financial Network.
HOME» NYSE » W » WFC Stock Price » WFC Stock News

Wells Fargo Share News

 Wells Fargo & Co. (new) Stock Price
WFC Stock Price
 Wells Fargo & Co. (new) Stock Chart
WFC Stock Chart
 Wells Fargo & Co. (new) Stock News
WFC Stock News
 Wells Fargo & Co. (new) Company Information
WFC Company Information
 Wells Fargo & Co. (new) Stock Trades
WFC Stock Trades

SMF Energy Files For Chapter 11 Bankruptcy After Loan Default

DOW JONES NEWSWIRES SMF Energy Corp. (FUEL) filed for Chapter 11 bankruptcy protection after its principal lender declared it in default on its loan agreements. SMF, which owes about $11.2 million under its loan agreements with Wells Fargo & Co. (WFC), expects to receive needed consents to allow it to continue operating parts of its business that have continuing value as it works through a reorganization plan. The provider of mobile and bulk fueling and other services across a broad range of industries from trucking to telecommunications also said it expects that it will be required to sell off assets that aren't considered to have a "going concern" value. Further details regarding asset sales weren't disclosed. SMF said it didn't expect that plans unveiled last month to improve revenue and cut costs would be enough to offset an anticipated downturn in its financial results any time soon. SMF said that competitive pressures have prevented it from raising prices. Shares closed Friday at 84 cents and were halted in recent premarket trading. The stock is down roughly 70% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Wells Fargo (WFC)
DateTimeHeadline
12/18/201419:45:18Mobile's Rise Poses a Riddle for Banks
12/17/201420:17:47Banks Find Niche Helping Firms Defend Against Activists
12/12/201400:05:45Finra Fines 10 Banks Over Their Pursuit of an IPO's Business...
12/11/201417:40:17Finra Fines 10 Banks Over Their Pursuit of an IPO's Business...
12/11/201412:15:33Finra Fines 10 Firms Over Coverage Of Toys 'R' Us IPO -- 3rd...
12/11/201411:58:30Finra Fines 10 Firms Over Coverage Of Toys 'R' Us IPO -- 2nd...
12/08/201419:03:33UBS Advisers With $3.5 Million in Production Depart for Wells--Street...
12/03/201423:46:37CFPB's Ombudsman Speaks Loudly on Student Loans
11/25/201419:10:24Regulators Give Passing Grade to Wells Fargo Plan on Theoretical...
11/25/201416:36:46Reguators Okay Wells Fargo Plan on Theoretical Bankruptcy
11/22/201420:43:09After a Good Start, Health Enrollment Faces Test
11/19/201411:41:24Wells Fargo Appoints Elizabeth Duke to Board -- Update
11/19/201411:07:42Wells Fargo Appoints Elizabeth Duke to Board
11/13/201419:27:16Ocwen, Wells Fargo End Servicing Rights Deal That Was on 'Indefinite...
11/10/201416:45:39Wells Fargo Hires a Team From J.P. Morgan Private Bank -- Street...
11/05/201410:55:51GOP Win Would Lend Student Lenders a Hand -- Barron's
10/28/201406:40:03Big Banks: Fourth-Quarter Outlook -- Barron's
10/14/201417:58:52MARKET SNAPSHOT: S&P 500 Snaps 3-day Losing Streak
10/14/201417:46:58Wells Fargo Third-Quarter Profit Rises -- 5th Update
10/14/201417:43:50Wells Fargo Third-Quarter Profit Rises -- 4th Update

Wells Fargo and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad