Sep 27, 2014

Shipping firm in conspiracy case

A Japanese shipping company agreed Friday to pay the U.S. a $67.7 million criminal fine for conspiring to fix prices for international ocean shipments of cars, trucks and other wheeled vehicles at the Port of Baltimore and other locations, the Justice Department said. Kawasaki ...

U.S. closes loopholes to curb corporate tax inversions

Sep 23, 2014

U.S. closes loopholes to curb corporate tax inversions

The U.S. Treasury took action Monday to halt a rising torrent of U.S. companies moving offshore to cut their tax bills, saying the surge in so-called inversions threatened government income. The move to close loopholes that encourage U.S. companies to merge with a foreign ...

Sep 20, 2014

Insider trading solution in digital age: Post-it notes

With no surreptitious phone call or text message on illicit hot stock tips safe from U.S. regulators, Frank Tamayo thought he had a perfect no-tech foil: Post-it notes. According to charges filed Friday by the Securities and Exchange Commission, for more than five years ...

Aug 29, 2014

Kookmin Bank's Japan branches suspended for making improper loans

Kookmin Bank, South Korea’s largest lender, was suspended from conducting new transactions at its branches in Japan for improper lending. The four-month ban takes effect on Sept. 4, the Financial Services Agency said in a statement in Tokyo Thursday. The regulator found that some ...

Aug 19, 2014

China's Xi vows to rein in runaway executive pay

China’s president has promised to rein in “unreasonably high” pay for executives at state companies in an apparent effort to mollify public frustration at the wealth of government-owned industry. President Xi Jinping’s announcement, carried by the official Xinhua News Agency, comes as the ruling ...

Facebook manipulated emotions in secret study

Jun 30, 2014

Facebook manipulated emotions in secret study

Facebook secretly manipulated the feelings of 700,000 users to understand “emotional contagion” in a study that prompted anger and forced the social network giant on the defensive. For one week in 2012, Facebook tampered with the algorithm used to place posts into users’ news ...

Icahn probed for illegal stock tips

May 31, 2014

Icahn probed for illegal stock tips

A federal investigation is probing whether a top-ranked professional golfer and a high-stakes gambler got illegal stock tips from billionaire investor Carl Icahn, U.S. media reported Friday. The Federal Bureau of Investigation and the Securities and Exchange Commission are investigating the stock trading patterns ...

Bounty rises for fugitive Sewol businessman

May 26, 2014

Bounty rises for fugitive Sewol businessman

Under-pressure South Korean prosecutors Monday upped to $500,000 a cash reward for information leading to the arrest of a fugitive businessman in connection with last month’s ferry disaster. The new sum was a 10-fold increase from the 50 million won ($50,000) originally offered last ...