WASHINGTON, April 24- In an unusual move, three top officials with the U.S. Federal Trade Commission on Thursday came out in opposition to laws that ban automakers like Tesla Motors Inc from selling their automobiles directly to consumers. Such laws are currently in place in Arizona, Maryland, New Jersey, Texas and Virginia.» Read More
The FDA is considering new rules for e-cigarettes that are similar to those that currently govern tobacco products, reports NBC's Tom Costello.
BUENOS AIRES, April 24- Argentina's Congress gave final approval on Thursday to pay Repsol $5 billion in bonds to compensate the Spanish oil giant for the 2012 nationalization of Argentine energy company YPF. The plan had already been approved by Argentina's Senate and Repsol's board.
NEW YORK, April 23- A U.S. federal judge denied a bid by Apple Inc on Wednesday to hold off a trial in a case brought by state attorneys general accusing the company of conspiring with five major publishers to fix e-book prices.
The proposed rules are a complete turnaround for the FCC on the subject of so-called net neutrality.
The company also said it had received notice from the Securities and Exchange Commission that regulators may pursue enforcement against Qualcomm for allegedly making bribes to Chinese state-owned companies or agencies. Qualcomm shares fell $3.21, or 4 percent, to $77.50 in after-hours trading.
TOKYO, April 24- For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time.
Federal Communications Commission Chairman Tom Wheeler on Wednesday said he plans to circulate his proposed rules among other commissioners on Thursday, teeing them up for a vote at the FCC's May 15 meeting. That issue was recently brought into the spotlight by a tussle between video streaming service Netflix Inc and cable company Comcast Corp.
The proposed rules will make sure broadband providers do not block or slow access to content on the Internet, FCC Chairman Tom Wheeler says.
*Senate must approve legislation by May 19. ROME, April 23- Italian Prime Minister Matteo Renzi easily won a confidence vote on Wednesday over his plans to ease rules for companies that hire temporary workers, part of a broader plan to overhaul labour regulations. The decree must be approved by the Senate by May 19 to become a permanent law.
The politically connected former CEO of a prominent New York City charity has admitted he helped steal $5 million in an insurance scheme.
WASHINGTON, April 23- Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday. Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal.
WESTON, Mass.— Biogen Idec raised its forecast for the year as first-quarter net income increased 12 percent, helped by a revenue boost from the multiple sclerosis treatment Tysabri and a product approval. It received regulatory approval in Europe earlier this year, following approval last year from the U.S. Food and Drug Administration.
WASHINGTON, April 22- Twelve lawmakers are urging U.S. regulators to implement a new rule requiring companies to disclose if their products contain "conflict minerals" from Africa's Democratic Republic of Congo, even though part of the rule was struck down by a U.S. appeals court last week.
NEW YORK, April 22- Texas businessman Sam Wyly took the stand in his civil trial in New York on Tuesday and denied U.S. Securities and Exchange Commission claims that he and his brother used a complex network of offshore trusts to conceal years of stock trades and net $550 million in undisclosed profit.
April 22- The U.S. Food and Drug Administration on Tuesday proposed speeding up medical device approvals for patients who have no other treatment options through a new program focused on earlier and more frequent interactions between companies and FDA staff.
PHOENIX— Calling Uber a cutting-edge concept, the Arizona Senate on Tuesday approved a bill that exempts it and other rideshare companies from the same regulations that traditional taxi and limo companies have. It would require that Uber insure its drivers with $1 million policies.
Lyle Best traveled nearly 200 miles from the heart of North Dakota's oil patch Tuesday to tell state regulators one thing: "Slow down."
Valeant, Ackman make $45.6 B Allergan bid Novartis reshapes business with GSK, Lilly deals Earnings and corporate deals lift US stocks Job market for college grads better but still weak McDonald's 1 Q profit slips as US sales decline Comcast 1 Q earns surge on upbeat NBC results General Motors seeks more protection from suits GM restructuring engineering in response to recall E-cig industry awaits looming federal regulation Harley-Davidson 1 Q earnings roar ahead
Novartis reshapes business with GSK, Lilly deals Valeant, Ackman make $45.6 B Allergan bid Earnings and corporate deals lift US stocks Job market for college grads better but still weak McDonald's 1 Q profit slips as US sales decline Comcast 1 Q earns surge on upbeat NBC results General Motors seeks more protection from suits GM restructuring engineering in response to recall E-cig industry awaits looming federal regulation Harley-Davidson 1 Q earnings roar ahead
The proposed Expedited Access Premarket Approval Application program would feature earlier and more frequent interactions between companies and FDA staff. The program is not a new pathway to market, the FDA said, but rather a change in approach aimed at reducing the time it takes to develop a product and get it to market.