US: Law and Regulation
More
-
*Settlement resolves intercompany claims between MF Global entities. Judge Martin Glenn greenlighted the deal at a hearing in U.S. Bankruptcy Court in Manhattan, about six weeks after trustees for MF's UK and U.S. broker-dealers, as well as its parent, announced the deal to resolve billions of dollars in intercompany claims.
-
WASHINGTON-- Shares of Halozyme Therapeutics tumbled 8 percent Thursday after a Wall Street analyst downgraded the specialty drugmaker, saying that European regulators may not approve a key cancer drug this year.
-
Jan 31- Ben Venue Laboratories Inc., a unit of German drug company Boehringer Ingelheim, may not freely make or distribute drugs from its facility in Bedford, Ohio, until U.S. regulators have determined it is in compliance with good manufacturing standards. Ben Venue has repeatedly violated good manufacturing practices, the FDA said in a statement.
-
Jan 31- Labor groups that have long spoken out against Wal-Mart Stores Inc will stop much of their picketing against the world's largest retailer after reaching a deal with the National Labor Relations Board, Wal-Mart said on Thursday.
-
Spain's ruling People's Party denied on Thursday that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts.
-
WASHINGTON, Jan 31- U.S. lawmakers on Thursday asked bank regulators to turn over documents related to the $8.5 billion settlement that ended a government-mandated review of crisis-era foreclosures, saying transparency was needed to boost confidence in the settlement.
-
WASHINGTON, Jan 31- Several Republican lawmakers on Thursday introduced legislation to stop a labor board and consumer watchdog from enforcing regulations, after an appeals court questioned the legitimacy of recent White House appointments at both agencies.
-
LITTLE ROCK, Ark.-- The Arkansas Teacher Retirement System hopes to invest $60 million in the $1 billion Big River Steel LLC mill planned for Osceola, officials announced Wednesday. The investment would be contingent on the Legislature's approval of a $125 million loan to help finance the mill project, which also would have to clear regulatory hurdles.
-
British billionaire Richard Branson's Virgin Galactic plans to fly tourists into outer space at $200,000- a-ticket from Spaceport America, near the community of Truth or Consequences. A 2010 state law shields Virgin Galactic from being sued in most cases for damages by passengers or their families if there was an accident.
-
DETROIT, Jan 31- General Motors Co is recalling 13,680 cars globally to address potential problems with improperly tightened suspension bolts and faulty airbags, according to the company and documents filed with U.S. safety regulators.
-
*Hezbollah, Russia, Iran denounce attack. *Syria says Israel bombed military research centre. Damascus could take "a surprise decision to respond to the aggression of the Israeli warplanes", Syrian ambassador to Lebanon Ali Abdul-Karim Ali said a day after Israel struck against Syria.
-
BRUSSELS, Jan 31- EU antitrust regulators stepped up their fight against companies blocking the market entry of cheaper generic medicines, with charges against Johnson& Johnson and Novartis over a pay-for-delay deal in the Netherlands.
-
BRUSSELS, Jan 31- EU antitrust regulators charged pharmaceutical firms Johnson& Johnson and Novartis on Thursday over the delay of a generic competitor for painkiller fentanyl in the Dutch market.
-
FRANKFURT, Jan 31- Deutsche Bank posted a $3.5 billion quarterly loss as it took legal and restructuring charges aimed at drawing a line under past scandals and boosting its capital position in a tougher regulatory and trading environment.
-
The Obama administration has adopted a strict definition of affordable health insurance that will deny assistance to millions of Americans with modest incomes who cannot afford family coverage offered by employers, The NYT reports.
-
Jan 30- Wall Street creditors on Wednesday asked a U.S. judge overseeing America's biggest municipal bankruptcy to knock down a legal hurdle keeping them from pushing Alabama's Jefferson County for higher sewer rates to service $3.14 billion of defaulted debt.
-
*Sale of California plants not ruled out. HOUSTON, Jan 30- Phillips 66 is studying "any and all options" for its California refineries given challenges with state regulatory requirements and high costs, Chief Executive Greg Garland told analysts on Wednesday.
-
*Argentine suit stems from $19 bln ruling against Chevron. BUENOS AIRES, Jan 30- An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of the plaintiffs' lawyers said on Wednesday.
-
NEW YORK-- Shares of Isis Pharmaceuticals Inc. soared Wednesday on news that the U.S. Food and Drug Administration approved its new drug application for its Kynamro cholesterol drug. Carlsbad, Calif.- based Isis has a deal with Genzyme, a unit of French drugmaker Sanofi SA, to market the drug if it is approved.
-
BUENOS AIRES, Jan 30- An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of the plaintiffs' lawyers, Enrique Bruchou, told Reuters on Wednesday. Two Chevron affiliates, Chevron Argentina and Ing.