A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp.
Japan has proposed basing benchmark interest rates on actual trades as part of global efforts to improve the transparency of this process following a series of rate-fixing scandals.
Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation.
A gunman opened fire inside a New Orleans-area mall still busy with shoppers on Christmas eve, killing a man before he was taken into custody, police said on Wednesday.
