July 11- Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin' Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, according to a court document.» Read More
WASHINGTON, Jan 23- The U.S. Justice Department on Thursday said that General Electric Hitachi Nuclear Energy Americas LLC has agreed to pay $2.7 million to resolve allegations that it made false claims to U.S. regulators about a nuclear reactor component.
*Oil industry had petitioned EPA to lower mandate. Oil industry groups had petitioned the Environmental Protection Agency, or EPA, last year to lower the target because oil refiners would be required to buy millions of dollars worth of credits if cellulosic was unavailable.
WASHINGTON, Jan 23- The U.S. consumer watchdog on Thursday proposed extra scrutiny for big non-bank firms that provide international money transfers as part of ongoing efforts to oversee the industry. The Consumer Financial Protection Bureau can already examine banks and credit unions that offer money transfers.
NEW YORK, Jan 23- Goldman Sachs Group Inc must face a class-action lawsuit accusing it of defrauding investors to whom it sold $2 billion of risky debt linked to subprime mortgages that it was betting against before the 2008 financial crisis, a federal judge ruled on Thursday.
WASHINGTON, Jan 23- The U.S. environmental regulator informed oil industry groups on Thursday that it would reconsider the 2013 target for advanced ethanol made from grasses and trees as producers struggle to make the fuel.
*Germany accused of breaching EU law on car refrigerants. *European Commission gives Germany two months to respond. BRUSSELS/ STUTTGART, Jan 23- The European Commission launched legal proceedings against Germany on Thursday over Daimler's refusal to remove a banned refrigerant from new cars, the latest in a series of clashes between Brussels and Berlin.
Jan 23- The U.S. Justice Department accused United States Investigations Services, the largest private provider of security checks for the government, of bilking millions of dollars through improper background verifications.
Jan 23- JPMorgan Chase& Co Chief Executive Officer Jamie Dimon said on Thursday that government legal cases, including those over mortgage securities the company settled for more than $13 billion, were "unfair".
LONDON, Jan 23- Britain's financial regulator has fined the UK arm of South Africa's Standard Bank Group 7.6 million pounds for lax anti-money laundering controls of corporate customers linked to people holding prominent public positions.
LONDON, Jan 23- Britain's financial regulator has fined the UK arm of South Africa's Standard Bank Group 7.6 million pounds for lax anti-money laundering controls of corporate customers linked to people holding prominent public functions.
MOSCOW, Jan 23- The former business partner of Kremlin critic Mikhail Khodorkovsky will be released from prison on Friday under a ruling by Russia's Supreme Court that reduced his sentence.
*Unclear whether action will impact on multinationals' China operations. WASHINGTON, Jan 23- Chinese units of the global "Big Four" accounting firms should be suspended from practicing in the United States for six months, a U.S. judge ruled, in an escalation in a long-running dispute over regulators' access to audit documents.
Jan 23- The Justice Department has accused United States Investigations Services, the private firm that also vetted Edward Snowden before he leaked documents about U.S. spying efforts, of bilking millions of dollars through improper background checks, a court filing showed.
WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audit documents.
WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audits.
WASHINGTON, Jan 22- An administrative law judge on Wednesday temporarily barred the Chinese units of the "Big Four" accounting firms from practicing before U.S. securities regulators, saying they "willfully" refused to hand over the audit work they did for U.S.-listed Chinese companies.
Federal regulators plan to propose a long awaited test for side crash protection in child safety seats Wednesday.
*Offer completed ahead of MSCI upgrade of Qatar. DOHA, Jan 22- Mesaieed Petrochemical Holding Co, a unit of state-owned Qatar Petroleum, raised 3.2 billion riyals in the Qatari stock market's first initial public offer of shares since 2010, the parent firm said on Wednesday.
Jan 22- Amag Pharmaceuticals Inc said the U.S. Food and Drug Administration rejected its application for wider use of its iron deficiency drug due to safety concerns and asked for more trial data. The FDA asked Amag to provide additional safety data related to serious hypersensitivity, cardiovascular events and deaths.
Jan 22- Amag Pharmaceuticals Inc said the U.S. Food and Drug Administration rejected its application for a wider use of its iron deficiency drug, sending its shares down 18 percent in premarket trade.