US: Law and Regulation
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NEW YORK, Feb 5- Having a former top U.S. antitrust official on board was of little use in convincing regulators to bless Anheuser-Busch InBev SA's proposed $20.1 billion takeover of Grupo Modelo.
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The modern income tax system has been called a lot of things, and now it also can be called a centenarian. The current tax system was formalized 100 years ago this month, when the 16th Amendment was ratified. Here's a celebration of quotes about the taxman.
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NEW YORK, Feb 4- Boeing Co has asked the Federal Aviation Administration for permission to conduct test flights of its 787 Dreamliner, suggesting the company is making progress in finding a solution to the battery problems that grounded the entire 787 fleet last month.
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NEW YORK, Feb 4- Boeing Co has asked the Federal Aviation Administration for permission to conduct test flights of its 787 Dreamliner, a move suggesting the company is making progress in finding a solution to the battery problems that prompted regulators to ground the entire 787 fleet two weeks ago.
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Feb 4- The Obama administration on Monday proposed eliminating certain obsolete Medicare regulations, a move it said would save hospitals and other healthcare providers an estimated $676 million a year, or $3.4 billion over five years.
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SAN FRANCISCO, Feb 4- Apple Inc and other online retailers did not break California law by requiring consumers to provide their address and phone numbers as a condition of accepting credit card payments, the state's high court ruled on Monday.
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The news also caused shares of Moody's Corp, whose Moody's Investors Service unit is S&P's main rival, to slide 10.7 percent. It is unclear why regulators may be now focusing on S&P rather than Moody's or Fimalac SA's Fitch Ratings.
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*S&P says Justice Department lawsuit would lack merit. The news also caused shares of Moody's Corp, whose Moody's Investors Service unit is S&P's main rival, to slide 10.7 percent. It is unclear why regulators may be now focusing on S&P rather than Moody's or Fimalac SA's Fitch Ratings.
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IBM agreed in March 2011 to pay around $10 million to resolve SEC charges over improper gifts to government officials in South Korea and China. IBM neither admitted nor denied the allegations, a common feature in SEC settlements.
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Feb 4- Biotechnology company Gilead Sciences on Monday said two trials of its hepatitis C drug, the centerpiece of its oral hepatitis C treatment program, met their goals in two late-stage studies. The results are expected to be used to support the company's regulatory filing seeking approval in the United States.
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*FDA approves Sun Pharma Global FZE's generic Doxil. *First generic version to be approved by FDA. Last February, the FDA allowed for the temporary importation of Lipodox, which is made by Sun and contains the same active ingredient as Doxil.
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SAN FRANCISCO, Feb 4- Apple Inc and other online retailers did not break California law by requiring consumers to provide their address and phone numbers as a condition of accepting credit card payments, the state's high court ruled on Monday.
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Tomorrow the SEC will hold a hearing on whether they should let some stocks trade in increments of other than a penny.
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Feb 4- Herbalife Ltd shares fell 10 percent in premarket trading on Monday after a newspaper reported the seller of weight loss products is facing a law enforcement probe. Herbalife said that for a direct selling company of its size it has had relatively low number of complaints to the FTC, the U.S. government's consumer watchdog.
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BOURNEMOUTH, England, Feb 4- British banks that fail to shield their day-to-day banking from risky investment activities will face being broken up, finance minister George Osborne said on Monday.
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NEW YORK/ WASHINGTON- Feb 1- Anheuser-Busch InBev SA, Grupo Modelo and Constellation Brands Inc are discussing ways to address U.S. regulators' antitrust concerns over their mega-merger and expect to soon open settlement talks to avoid a trial, a source close to one of the companies said on Friday.
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Feb 1- St. Jude Medical Inc, frustrated by regulatory and product issues last year, vowed that it would meet or exceed its 2013 earnings forecast, even though it does not expect much of a recovery in the medical technology market. Chief Executive Dan Starks acknowledged that St.
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WASHINGTON, Feb 1- A panel of small business experts on Friday urged U.S. securities regulators to encourage the creation of a new exchange to list smaller companies to make it easier for them to enter the public market. The recommendation by the Advisory Committee on Small and Emerging Companies to the Securities and Exchange Commission is not binding.
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The Obama administration is offering a compromise on new Obamacare rules that would allow religious employers to exclude contraceptives from health insurance for employees, but would still guarantee those employees access to free coverage for birth control.
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WASHINGTON, Feb 1- A U.S. appeals court ruled on Friday that a journalist does not have a legal right to see a consultant report prepared for American International Group Inc as part of an agreement between the company and securities regulators.