US: Law and Regulation
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NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off the bank's opponents from polling information.
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WASHINGTON/ NEW YORK, Feb 19- Antitrust experts said on Tuesday there were no guarantees that a deal to merge Office Depot Inc, the No. 2 U.S. office supply retailer, with smaller rival OfficeMax Inc would win government approval. The possible combination raises the ghost of a famous antitrust case- the proposed deal to merge Staples with Office Depot.
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A U.S. judge said David Einhorn's hedge fund had shown a "likelihood of success" if his legal attack against Apple goes forward, though he made no immediate ruling on whether to block next week's shareholder vote on a proxy proposal.
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NEW YORK, Feb 19- A U.S. judge said David Einhorn's hedge fund had shown a "likelihood of success" if his legal attack against Apple Inc goes forward, though he made no immediate ruling on whether to block next week's shareholder vote on a proxy proposal.
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NEW YORK, Feb 19- A U.S. judge made no immediate ruling Tuesday on hedge fund star David Einhorn's legal attack on Apple Inc, but said the hedge fund had shown a "likelihood of success" if the case goes forward.
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*Judge says greenlight capital has shown "likelihood of success" in Apple Inc. apple's February 27 shareholder vote- court hearing. irreparably harmed if Apple vote goes forward.
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WINSTON-SALEM, N.C., Feb 19- North Carolina Governor Pat McCrory on Tuesday signed into law a measure that will cut benefits for jobless workers by about one-third and reduce how long they can collect any aid in a state with the fifth-highest unemployment rate in the country.
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*Finmeccanica says never broke Indian law. MILAN, Feb 19- Italian defence company Finmeccanica, at the centre of a probe into alleged bribery to win an Indian helicopter tender, said on Tuesday it was ready to cooperate with Indian authorities to clarify the matter.
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Feb 19- BMW is recalling 569,830 of its vehicles in the United States and Canada due the chance of an electrical failure that may cause the cars to stall unexpectedly, U.S. regulators and the company said. BMW on Tuesday said that there was one crash, in Canada, reported to the company related to the issue, which did not cause injury.
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* "All hell breaks loose" if IRS loses- professor. WASHINGTON, Feb 19- The Supreme Court on Wednesday will hear arguments in a dispute between U.S. tax authorities and PPL Corp over a British tax imposed on the power utility after it bought one of many businesses privatized by former British Prime Minister Margaret Thatcher.
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One type of software glitch affecting four of the ING firms led to nearly six million emails left unreviewed by supervisors. The five ING affiliates self-reported the problems to FINRA beginning in late 2010, an ING spokesman said in a statement.
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Feb 19- Wall Street's industry-funded watchdog fined five affiliates of ING Groep NV a total of $1.2 million for not storing or reviewing millions of company emails, according to an announcement on Tuesday. ING, which agreed to the fine in a settlement with FINRA, neither admitted nor denied the allegations but consented to the entry of the regulator's findings.
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PORT ELIZABETH, South Africa, Feb 19- A tearful funeral was held on Tuesday for model and law school graduate Reeva Steenkamp, with mourners calling for a harsh penalty for her boyfriend, Paralympic star Oscar Pistorius, who has been charged with her murder.
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Feb 19- BMW is recalling about 750,000 of its vehicles in the United States, Japan, Canada and South Africa due the chance of an electrical failure that may cause the cars to stall unexpectedly, U.S. regulators and the company said. BMW on Tuesday said that there was one crash, in Canada, related to the issue, which did not cause injury.
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Retailers say much of the demand for ammunition is from gun owners who are stockpiling in case certain weapons are banned.
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MONTEVIDEO, Feb 16- Uruguay's Supreme Court has thrown out a controversial tax on large land holdings in the South American beef and soy producer, saying on Saturday the levy introduced in 2011 was unconstitutional.
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Feb 15- U.S. securities regulators filed suit on Friday against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway Inc and Brazil's 3 G Capital.
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Feb 15- U.S. securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3 G Capital.
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NEW YORK, Feb 15- U.S. securities regulators on Friday sued unknown traders over suspected insider trading in H.J. Heinz Co call options ahead of the announced buyout of the company.
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Feb 15- U.S. securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3 G Capital.
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Feb 15- U.S. power company American Electric Power Co Inc said Friday it expects to spend $4 billion to $5 billion between now and 2020 to make its remaining coal plants compliant with current and proposed federal environmental regulations.