US: Law and Regulation
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Eighteen people have been charged in what may be one of the nation's largest credit card fraud rings, a sprawling international scam that duped credit rating agencies and used thousands of fake identities to steal at least $200 million, federal authorities said.
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NEW YORK, Feb 5- Having a former top U.S. antitrust official on board was of little use to Grupo Modelo in convincing regulators to bless the proposed $20.1 billion takeover of it by Anheuser-Busch InBev SA.
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*Similar measures failed in previous Congress. The bill is sponsored by Senator Amy Klobuchar, a Democrat from Minnesota and the new chair of the Senate Judiciary Committee's antitrust panel, and by Senator Chuck Grassley, a Republican from Iowa.
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SAC Capital, still fighting distractions on multiple fronts, churned out a modestly positive January with returns of about 2.5 percent, say two people familiar with the matter.
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Feb 5- The Netherlands' nationalization of bank SNS Reaal underlines the euro zone's weak spots while illustrating the dangers of its plans to address them. The Netherlands last week seized control of SNS, its fourth-largest financial services firm, in a $14 billion rescue, employing powers granted it under a new law passed last year.
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NEW YORK, Feb 5- Investor Daniel R. Tisch's stake in Barnes& Noble Inc has reached 8.1 percent, according to a regulatory filing on Tuesday, and the U.S. bookstore's shares rose 8 percent.
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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.