Bank of America 4Q profits fall with lower interest rates

NEW YORK (AP) — Consumer banking giant Bank of America is saying its fourth-quarter profits fell 4% from a year ago, as the bank was impacted by the rapid decline of interest rates in late 2019. ...

Prosecutors seek nearly 5 years in prison for ex-Congressman

NEW YORK (AP) — A former congressman should serve nearly five years in prison for insider trading, especially after coming to represent “the cynical idea that those in power who make the laws are not ...

Taiwan Futures Exchange to launch sustainability indices in 2020

TAIPEI (Taiwan News) — The Taiwan Futures Exchange (TAIFEX) saw nearly 270 million futures contracts traded in 2019, which is above the six-year average of 250 million, and is set to promote sus...

Former top stockbroker to go on trial for fleecing clients

A former Pennsylvania stockbroker who was kicked out of the securities industry and ordered to pay millions of dollars in damages to customers he allegedly fleeced faces trial Monday on an unusual set...

Planned refinery by national park hurt by funding, lawsuits

BISMARCK, N.D. (AP) — Anemic funding, alleged unpaid work and legal fights are hobbling developers of a proposed $800 million oil refinery near Theodore Roosevelt National Park in western North Dakota...

Taiwan shares end down amid geopolitical conflicts

Shares in Taiwan moved lower Wednesday, extending losses from a session earlier, as investors were motivated to cut their holdings by Iran's bombing of an airbase in Iraq housing U.S. troops, deal...

Ex-Goldman Sachs banker pleads guilty to insider trading

NEW YORK (AP) — A former banker at Goldman Sachs pleaded guilty to an insider trading charge Tuesday, admitting that he stole secrets from the investment bank and gave them to a securities trader in S...

Nissan says ex-chairman Ghosn guilty of 'serious misconduct'

TOKYO (AP) — Nissan said Tuesday it will still pursue legal action against its former chairman, Carlos Ghosn, despite his escape from Japan to Lebanon. The Japanese automaker said in a statem...

Ex-Nissan boss Ghosn in Lebanon, left Japan over ‘injustice’

TOKYO (AP) — Nissan’s former Chairman Carlos Ghosn said Tuesday from Lebanon that he was not fleeing justice but instead left Japan to avoid “injustice and political persecution&rdqu...

Taiwan's JCIC honors institutions for excellent credit information management

TAIPEI (Taiwan News) — To improve the availability, accuracy, and quality of credit information, Taiwan's Joint Credit Information Center (JCIC) has established three awards since 2007 to ho...

Business Highlights

___ Former Uber CEO Kalanick severs ties with ride-hailing giant NEW YORK (AP) — Former Uber CEO Travis Kalanick is severing ties to the ride-hailing company he co-...

Boeing ousts its CEO after two deadly 737 Max crashes

NEW YORK (AP) — Boeing ousted CEO Dennis Muilenburg on Monday with no end in sight to the crisis that has engulfed the vaunted American aircraft manufacturer since the crash of two of its 737 Max airl...

4 on trial over Slovak investigative journalist's murder

PEZINOK, Slovakia (AP) — Four people go on trial in Slovakia on Thursday over last year's alleged contract killing of an investigative journalist and his fiancee, a crime that shocked the country and ...

Income growth greatest in tech hubs over past 5 years

ORLANDO, Fla. (AP) — From the middle of the Obama administration to the midpoint of the Trump presidency, household income grew the most in tech and entertainment centers like Austin, Texas; Nashville...

Ailing former WorldCom CEO ordered freed from prison

NEW YORK (AP) — A former top executive sentenced to 25 years in prison in one of the largest corporate accounting scandals in U.S. history was ordered freed from prison Wednesday for medical reasons. ...