MUMBAI, Dec 11- When Franklin Templeton's India unit wanted to launch a mutual fund that would switch allocation among stocks, bonds, gold and money markets, the Indian regulator baulked, deeming it too risky for domestic investors, according to the company.» Read More
WASHINGTON, Dec 10- Two U.S. regulatory agencies on Tuesday voted to unanimously approve the Volcker rule to restrict banks from trading for their own profits. The U.S. Federal Deposit Insurance Corp board of directors and the U.S. Federal Reserve Board of Governors both approved the rule on Tuesday morning.
WASHINGTON, Dec 10- The first winter snowfall of the season slowed U.S. government operations on Tuesday but did not bring them to a standstill, with Congress, the Supreme Court and financial regulators meeting for business as usual.
DUBLIN, Ohio-- Federal regulators have granted "fast track" status for the expanded use of a lymphatic treatment from Navidea Biopharmaceuticals, the company said Tuesday.
LONDON-- The British government has scrapped plans to outsource the buying of military equipment due to a lack of bidders for the contract. Defense Secretary Philip Hammond had sought to privatize the defense ministry's procurement wing, but it recently emerged that only one bidder was left in the process.
The Volcker Rule could have unforeseen consequences, but it's needed to protect the economy, the outgoing CFTC commissioner told CNBC before his vote.
HARTFORD, Conn.-- Connecticut has withdrawn an appeal to the U.S. Supreme Court challenging a ruling that former Gov.
The Bureau of Investigations and Enforcement said its 10- month review did not find any factors that would disqualify MGM from doing business in Massachusetts. The five commissioners will make the final decision on whether to find MGM suitable.
WASHINGTON, Dec 10- The U.S. Commodity Futures Trading Commission, one of five regulators due to adopt the so-called Volcker rule on Tuesday, said it canceled a public vote on the issue because of the threat of a snowstorm in the Washington area. Federal Reserve and the Federal Deposit Insurance Corp- would hold their scheduled votes on Tuesday.
A budget deal aimed at avoiding a U.S. government shutdown on Jan. 15 could emerge in Congress on Tuesday, aides said on Monday.
WASHINGTON, Dec 9- The U.S. Supreme Court on Monday extended the time it will take to hear a case challenging White House recess appointments to the National Labor Relations Board and granted the Senate's top Republican 15 minutes during the Jan. 13 oral arguments.
OSI Systems Inc. shares plunged Monday on reports that it may face a ban on contracts with the Department of Homeland Security following some missteps.
Here's why SEC commissioner Michael Piwowar plans to vote against the Volcker Rule.
WASHINGTON-- Shares of Acura Pharmaceuticals Inc. rose Monday after the company said it met with federal regulators to discuss a new version of the painkiller hydrocodone that uses the company's abuse-resistant technology. Acura said the FDA agreed to review the study and determine whether it could be used to support a new drug application.
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m.. WASHINGTON _ Labor Department releases job openings and labor turnover survey for October, 10 a.m.. WASHINGTON _ Senate Finance Committee hearing on President Barack Obama's nominee to head the Internal Revenue Service, 10 a.m..
WASHINGTON-- The Financial Industry Regulatory Authority said Monday that Oppenheimer& Co. Inc. will have to pay $921,000 in fines and restitution for charging customers unfair prices for municipal securities transactions.
SILVER SPRING, Md.-- Specialty drugmaker United Therapeutics Corp. said Monday that it received a subpoena from federal regulators looking into the company's marketing of three drugs used to treat a form of hypertension. United Therapeutics said it intends to cooperate with the investigation. United Therapeutics shares fell 31 cents to $90.66 in trading.
*HSBC considering floating up to 30 pct of UK business- FT. LONDON, Dec 9- HSBC played down a report on Monday that it was considering listing a third of its British retail and commercial banking arm in order to meet UK regulation and unlock value for shareholders. The Financial Times on Monday said HSBC was considering selling 30 percent of its UK arm.
Dec 9- Natural gas exploration and production company Rice Energy Inc said it had filed with U.S. regulators to go public. Reuters reported in October that the privately held company, founded by former BlackRock Inc portfolio manager Daniel Rice and his children, planned a stock offering that could value the company at up to $2.5 billion.
Tuesday's vote "ushers in an era of Big Brother banking,'' a banking analyst tells USA Today.
Dec 9- Acura Pharmaceuticals Inc said the U.S. Food and Drug Administration agreed to review the results of a failed mid-stage trial of a painkiller made with the company's technology designed to deter abuse.