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- By Emma Court The free product allows patients to easily destroy leftover addictive medications One way an opioid addiction can start is in the medicine cabinet, where leftover medication...
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Bank of America 4Q profits fall by 48 percent due to tax law
(AP Photo - Elise Amendola)
By KEN SWEET
From Associated Press
January 17, 2018 7:37 AM EST

NEW YORK (AP) — Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law.

MILAN (AP) — Car sales in Europe topped the 15-million mark for the first time in a decade in 2017, the fourth straight year of higher registrations, the association of European carmakers said Wednesday.

BRUSSELS (AP) — European Commission chief Jean-Claude Juncker on Wednesday maintained the offer for Britain to remain in the EU even after both sides have entered the second phase of Brexit negotiations.

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse."

BAGHDAD (AP) — When Iraqi forces drove Islamic State militants out of eastern Mosul a year ago, Nashwan Shakir Mahmoud raced back to his home, hoping that his red and white 1955 Chevrolet coupe had survived three years of war and upheaval.

PARIS (AP) — French police are deploying extra forces to western France before a government announcement Wednesday on whether to build an airport that has mobilized nearly a decade of sometimes violent protests.

FRANKFURT, Germany (AP) — German automaker Volkswagen had record sales of 10.74 million vehicles last year as markets in Brazil and Russia rebounded strongly.

PARIS (AP) — French authorities are searching five sites run by dairy giant Lactalis in an investigation into the botched mass recall of baby milk products after a salmonella scare.

SHANGHAI (AP) — An Apple Inc. supplier in eastern China has denied allegations by a New York rights group that its workers toil for ten-hour shifts in loud, polluted conditions, without proper overtime pay or adequate safety protections to make MacBook and iPhone parts, before returning to filthy dormitories with cold showers.

LONDON (AP) — Burberry shares are down over 6 percent in early trading after the luxury fashion house reported disappointing retail sales for the holiday season.

BEIJING (AP) — Politics weighs more heavily on foreign companies in China than it has in nearly three decades. The latest flashpoint was Beijing's fury last week at hotel keeper Marriott and other companies that labeled self-ruled Taiwan a country on websites or customer materials.

Walmart is helping customers get rid of leftover opioids by giving them packets that turn the addictive painkillers into a useless gel.

DETROIT (AP) — The North American International Auto Show in Detroit opened to the press this week with one big question hanging in the air: How will autonomous vehicles change the industry? The answer is still unclear.

WASHINGTON (AP) — Disgruntled conservatives threatened late Tuesday to scuttle Republican leaders' plans to prevent a weekend government shutdown, saying GOP leaders now lack the votes to push their proposal through the House.

TOKYO (AP) — Shares were lower in early Asian trading Wednesday after a lackluster session on Wall Street, where the Dow industrial average ended almost flat after backtracking from a broad rally earlier in the day.

WASHINGTON (AP) — The owners of a Trump-branded hotel in Panama sued President Donald Trump's family-owned company in federal court Tuesday, alleging that the namesake business committed mismanagement and fraud.

SAN FRANCISCO (AP) — General Electric Co. will pay $15 billion to make up for the miscalculations of an insurance subsidiary as a new regime weighs future changes that could culminate in a breakup of a company conceived in the industrial age.

NEW YORK (AP) — The expected wave of litigation against the Federal Communications Commission's repeal of net-neutrality rules has begun.

NEW YORK (AP) — The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders.

DETROIT (AP) — Japanese vehicle brands are exploring new design ideas — and figuring out what sets them apart from their U.S. and European rivals — with new prototype vehicles.

BISMARCK, N.D. (AP) — Fearing sanctions by the state, some North Dakota oil drillers have begun cutting output to control the amount of natural gas that's being burned off at well sites and wasted as a byproduct of crude production, industry and state officials say.

WASHINGTON (AP) — More than 60 groups, including foreign governments, political campaigns and business organizations, spent money at Trump-branded properties across the U.S.

NEW YORK (AP) — Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law.

PARIS (AP) — French prison guards protested outside scores of jails across the country Tuesday for the second day in a row, demanding more security, more staff and safer handling of violent inmates.