Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
A former CIA officer has been arrested and charged with illegally retaining classified records, including names and phone numbers of covert CIA assets.
Jerry Chun Shing Lee, 53, was arrested Monday night after arriving at JFK International Airport.
He made an initial appearance Tuesday in federal court in New York, but will face charges in northern Virginia, where the CIA is located.
According to court documents, Lee, a Hong Kong resident, served in the CIA from 1994 to 2007 as a case officer. He worked in a variety of overseas offices and was trained in surveillance detection, recruiting and handlings assets and handling classified material, among other things.
A court affidavit states that in 2012, after Lee had left the CIA, he traveled from Hong Kong with his family to northern Virginia, where he lived from 2012 to 2013. When he flew to Virginia, for reasons that are not explained, the FBI obtained a warrant to search Lee's luggage and hotel room. Agents found two small books with handwritten notes containing names and numbers of covert CIA employees and locations of covert facilities, according to the affidavit.
A CIA review of the information in the books found information at Secret and Top Secret levels of classification, according to the affidavit.
The eight-page FBI affidavit makes no allegations of espionage against Lee, only alleging illegal retention of documents. Any conviction on that offense carries a maximum penalty of 10 years in prison.
The affidavit indicates Lee was interviewed five times by FBI agents in 2013, but never disclosed that he possessed the books.
Court records do not list an attorney for Lee.
Dean Boyd, a CIA spokesman, declined comment on the case Tuesday, citing Lee's ongoing prosecution.
Court records indicate Lee is a naturalized U.S. citizen and an Army veteran.