Business

In this Monday, Oct. 14, 2019 photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, Oct. 16. (AP Photo/Steven Senne)
October 16, 2019 - 6:54 am
CHARLOTTE, N.C. (AP) — Bank of America is reporting a 21% drop in third quarter profits due to a $2 billion impairment charge. The nation's second largest bank reported net income of $5.78 billion, or 56 cents per share. That's better than the per-share projections of 50 cents that Wall Street was...
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Chinese investors react as they monitor stock prices at a brokerage house in Beijing, Wednesday, Oct. 16, 2019. Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. (AP Photo/Andy Wong)
October 16, 2019 - 6:51 am
TOKYO (AP) — Global markets were mixed Wednesday as investors await another batch of earnings reports from U.S. companies and Brexit talks faltered yet again. Germany's DAX rose 0.3% to 12,666, while Britain's FTSE 100 fell 0.1% to 7,202. France's CAC 40 was flat to slightly lower at 5,699. U.S...
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The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
October 16, 2019 - 5:47 am
BRUSSELS (AP) — Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices fell by more than initially thought, official figures showed Wednesday. In an update, statistics agency Eurostat found that consumer prices rose by an annual...
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FILE - In this Dec. 15, 2017, file courtroom sketch, Mehmet Hakkan Atilla, right, testifies in his trial in New York. Atilla, a Halkbank official, was convicted in 2018 of conspiracies to violate U.S. sanctions law, defraud the U.S. and commit money laundering and bank fraud. Halkbank, a major Turkish bank, was criminally charged in an indictment Tuesday, Oct. 15, 2019, with participating in a multibillion-dollar scheme to evade U.S. sanctions against Iran. In a release, U.S. Attorney Geoffrey S. Berman said senior bank officials designed and carried out the scheme to move billions of dollars of Iranian oil revenue illegally. (Elizabeth Williams via AP, File )
October 16, 2019 - 5:25 am
NEW YORK (AP) — The United States criminally charged a major Turkish bank with helping to evade sanctions against Iran, potentially raising diplomatic tensions as the U.S. tries to contain Turkey's military offensive in Syria. The charges against Halkbank, a state-owned bank, were announced Tuesday...
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October 16, 2019 - 5:25 am
BRUSSELS (AP) — European regulators on Wednesday ordered chipmaker Broadcom to change the way it does business with key customers over competition concerns. EU antitrust chief Margrethe Vestager said her department had "strong indications" that Broadcom is "engaging in anticompetitive practices."...
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FILE - In this Sept. 26, 2018, file photo, signs promoting 5G wireless technology from Chinese technology firm Huawei are displayed at the PT Expo in Beijing. The Federal Network Agency in Germany issued rules Tuesday Oct. 15, 2019, releasing draft security guidelines for next generation 5G wireless networks that stop short of banning Huawei. (AP Photo/Mark Schiefelbein, FILE)
October 16, 2019 - 3:45 am
BEIJING (AP) — Chinese tech giant Huawei has reported a double-digit rise in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said Wednesday that its sales rose 24.4% in the first nine months of 2019 to 610.8 billion...
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October 16, 2019 - 3:44 am
AMSTERDAM (AP) — Signify, the Dutch company formerly known as Philips Lighting, says it is buying Cooper Lighting Solutions from Eaton Corp. for $1.4 billion (1.27 billion euros) in a move intended to strengthen its position in the North American market. Signify said late Tuesday that the deal is...
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FILE - In this Sept. 27, 2019, file photo, Counselor to the President Kellyanne Conway walks to speaks to media at White House in Washington. As the impeachment inquiry gains steam, top White House officials are pulling off a well-timed disappearing act. They’ve skipped high-profile TV shows and avoided driveway chat sessions with reporters. (AP Photo/Carolyn Kaster, File)
October 15, 2019 - 6:54 pm
MANCHESTER, N.H. (AP) — The husband of White House counselor Kellyanne Conway has donated to one of President Donald Trump's Republican primary challengers. According to Federal Election Commission filings, George Conway donated $5,600 to former Illinois congressman Joe Walsh's 2020 run on Aug. 30...
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October 15, 2019 - 6:32 pm
WASHINGTON (AP) — Lawmakers investigating the market dominance of Big Tech say they've received part of the information they requested from Google, Facebook, Amazon and Apple, and expect to get the rest soon. Tuesday was the deadline for the companies to provide a broad range of documents to the...
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October 15, 2019 - 6:21 pm
SAN FRANCISCO (AP) — The Labor Department says it has reached a $5 million settlement with chip maker Intel Corp. over allegations of pay discrimination against its female, African American and Hispanic employees. As part of the agreement, Intel will pay $3.5 million in back wages and interest. It...
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