GO
Loading...

Regulations

More

  • US agency threatens to act against air bag maker Wednesday, 26 Nov 2014 | 11:38 AM ET

    DETROIT— A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver's air bag inflators are defective and to agree to a nationwide recall. In a letter to Takata's Washington office, the National Highway Traffic Safety...

  • Amazon drones already grounded?     Wednesday, 26 Nov 2014 | 11:07 AM ET

    Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" team, discuss if FAA regulations will make drone use too expensive for small businesses and unusable for many commercial applications.

  • WASHINGTON, Nov 26- The Obama administration on Wednesday proposed stricter curbs on ground-level ozone, a pollutant linked to several serious health conditions, in a move industry groups said would place a heavy burden on the U.S. economy. The Environmental Protection Agency said it would set National Ambient Air Quality Standard between 65 and 70 parts per...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. Chrysler's delay in alerting owners of potential defects in Takata air bags "exacerbates the risk to motorists' safety," the NHTSA said in a...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. The Fiat Chrysler Automobiles unit is at the "rear of the pack" among automakers in telling its customers of the possible dangers of Takata's air bags,...

  • TOKYO, Nov 26- Japan's transport ministry said on Wednesday it received a report of an "unusual deployment" of a Takata Corp air bag outside an existing recall programme- raising the prospect that recalls could be expanded in Japan. Officials at the ministry, Japan's auto safety regulator, told reporters a passenger-side air bag exploded as it was being removed...

  • The Fed plans beefier capital standards for GE unit Tuesday, 25 Nov 2014 | 6:04 PM ET

    The Federal Reserve will create stricter rules on General Electric's finance unit, similar to standards imposed on large banks.

  • WASHINGTON, Nov 25- The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. "GE Capital has been preparing for the enhanced regulatory standards provided for in the Dodd-Frank Act," company spokesman...

  • Microsoft to pay China $140 mln for 'tax evasion' Tuesday, 25 Nov 2014 | 4:38 PM ET

    SEATTLE, Nov 25- China has levied about $140 million in back taxes from Microsoft Corp in the first major case concerning cross-border tax evasion in the country, as regulators ramp up pressure on U.S. corporations doing business there. "In 2012 the tax authorities of China and the United States agreed to a bilateral advanced pricing agreement with regards to...

  • HSBC to pay $12.5 million to settle SEC charge Tuesday, 25 Nov 2014 | 4:37 PM ET

    The SEC says HSBC Private Bank began doing so more than 10 years ago and collected fees totaling about $5.7 million. HSBC, Europe's largest bank by market value, said in a statement that it is pleased to have reached a settlement with the SEC. According to the SEC, HSBC Private Bank decided to exit the U.S. cross-border business in 2010..

  • BRUSSELS, Nov 25- The United States voiced concern on Tuesday over a draft plan by two EU lawmakers to break up Google Inc, saying politicians should not influence the EU's antitrust inquiry into the world's most popular Internet search engine. A spokeswoman for Guenther Oettinger, European commissioner for digital affairs, confirmed his opposition to...

  • WASHINGTON, Nov 25- The U.S. Supreme Court on Tuesday agreed to weigh a challenge by industry groups and some states to an Obama administration regulation intended to limit emissions of mercury and other hazardous pollutants mainly from coal-fired power plants. The EPA rule, if left intact, could help spur utility companies to shut down some coal-fired plants...

  • WASHINGTON, Nov 25- HSBC Holdings Plc will pay $12.5 million to resolve charges that its Swiss private banking unit illegally offered services to U.S. clients without being properly registered, the U.S. Securities and Exchange Commission said on Tuesday. The SEC said HSBC's Swiss unit amassed 368 U.S. client accounts, and its employees traveled to the United...

  • BRUSSELS, Nov 25- The United States voiced concern on Tuesday over a draft plan by two EU lawmakers to break up Google Inc, saying politicians should not influence the EU's antitrust inquiry into the world's most popular Internet search engine. The European Commission has been investigating Google for four years following complaints by rivals and has yet to...

  • Home Depot faces dozens of breach-related lawsuits Tuesday, 25 Nov 2014 | 8:12 AM ET

    Home Depot faces at least 44 lawsuits in the United States and Canada over a massive data breach earlier this year that affected 56 million debit and credit cards. But those expenses aren't clear yet because the cases are in early stages, the company said in a quarterly filing with the Securities and Exchange Commission. The company said earlier this month after...

  • LONDON, Nov 25- Scott Wotherspoon runs a small tiling firm in Scotland. The 43- year-old borrowed about $4 million from Royal Bank of Scotland. He thinks he is due compensation for mis-selling, like thousands of other businesses that Britain's financial watchdog has ruled are eligible.

  • SHANGHAI, Nov 25- China's central bank cut the yield for a key short-term money rate on Tuesday for the fourth time this year, as regulators step up efforts to reduce funding pressure on Chinese companies. Expectations for further easing have stimulated stock markets in China and abroad, while depressing domestic bond yields and putting downward pressure on...

  • Man pleads guilty to fraud over helicopter weights Monday, 24 Nov 2014 | 8:42 PM ET

    GRANTS PASS, Ore.— A former executive of a southern Oregon company whose helicopter crashed, killing nine people fighting a 2008 wildfire, has pleaded guilty to providing false aircraft weights to the U.S. Forest Service to win a firefighting contract. Steven Metheny, of Medford, pleaded guilty Monday in federal court in Medford to fraud and conspiracy, two of the...

  • Bayer: FDA will speed review of 2 respiratory meds Monday, 24 Nov 2014 | 5:51 PM ET

    WHIPPANY, N.J.— Two medicines Bayer HealthCare Pharmaceuticals Inc. is testing for respiratory disorders will get priority review by U.S. regulators and other benefits under a 2012 program to boost development of new antibiotics. Bayer HealthCare, based in Whippany, New Jersey, said Monday the Food and Drug Administration has designated two of its...

  • Honda admits failing to report deaths, injuries Monday, 24 Nov 2014 | 4:55 PM ET

    DETROIT— Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law. The agency said at the time that Honda may have failed to report incidents related to air bags made by Takata Corp. as well as other defective parts. Honda has recalled more than 5 million vehicles in...