If, as some expect, the U.S. Labor Department reverts to a classification test it used before 2004, it would likely make more workers overtime-eligible, and a new round of litigation could result as companies sort out employee reclassifications.» Read More
MEXICO CITY, Dec 4- Mexico's telecoms industry watchdog said on Wednesday it has informed the companies it will assess for tougher regulation, likely the first step in taking measures against phone giant America Movil and broadcaster Televisa.
BEIJING, Dec 5- China's Foreign Ministry said on Thursday that China told visiting U.S. Vice President Joe Biden that Beijing's decision to set up an air defence identification zone in the East China Sea accorded with international law.
The heated battle for Warrnambool has moved into the slow lane as two separate regulators examine offers from preferred bidder Canada's Saputo Inc and rival Murray Goulburn Co-operative Co Ltd..
The FCC will auction the so-called H Block frequencies in the first opportunity the regulator has offered companies to acquire ownership of new airwaves since 2008..
WASHINGTON, Dec 4- Three Wall Street trade groups sued the U.S. Commodity Futures Trading Commission on Wednesday to rescind tough overseas trading guidelines they fear could hurt markets and cut profits.
As part of the settlement, former Fifth Third Chief Financial Officer Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant for any publicly traded company, the SEC said on Wednesday. The SEC case arose after the U.S. real estate downturn had caused a surge in nonperforming assets at Fifth Third.
Dec 3- A former hedge-fund analyst who argued that Dendreon Corp's therapeutic vaccine for prostate cancer may hasten the death of patients has reached a settlement with U.S. securities regulators over failure to disclose her financial interests in the company.
WASHINGTON, Dec 4- Three Wall Street trade groups sued the U.S. Commodity Futures Trading Commission on Wednesday to stop tough overseas trading guidelines that they fear could hurt markets and reduce their profits.
The US plans to bring civil mortgage fraud cases against several financial institutions early in 2014, Attorney General Eric Holder said on Wednesday.
WASHINGTON, Dec 4- The U.S. audit watchdog revived a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits.
BRUSSELS, Dec 4- EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros on Wednesday for rigging financial benchmarks. The other banks penalised are Societe Generale, JPMorgan and brokerage RP Martin.
The U.S. Supreme Court on Tuesday heard arguments about a man lost his frequent flier status because the airline said he "abused the program."
DETROIT, Dec 3- A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city's bond holders.
Judge Steven Rhodes' ruling appears firmly rooted in the facts about Detroit's financial failure presented to him at last month's eligibility trial, and that will be more difficult to overcome on appeal than a ruling based solely on the judge's reading of a law.
Wall Street banks get clarity about a ban on betting with their own money next week when the CFTC meets to vote on the so called Volcker rule.
WASHINGTON, Dec 3- Wall Street banks will get the final decision about a controversial ban on betting with their own money next week after years of debate, as three U.S. regulators each announced meetings to vote on the Volcker rule.
WASHINGTON, Dec 3- The U.S. unemployment rate could fall substantially early next year as belt-tightening in Washington throws more than a million long-term unemployed Americans off the benefit rolls.
The US unemployment rate could fall early next year as cuts throws more than a million long-term unemployed Americans off the benefit rolls.
HOUSTON, Dec 3- The U.S. Environmental Protection Agency may have been too harsh when it banned BP Plc from lucrative federal contracts as punishment for its 2010 Macondo oil spill, the UK and prominent business groups said on Tuesday.
WASHINGTON, Dec 3- The U.S. Federal Reserve and the Federal Deposit Insurance Corp. both announced they would hold Dec. 10 board meetings to vote on the so-called Volcker rule, which bans banks from making bets with proprietary funds.
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