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Regulations

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  • OMAHA, Neb., May 2- Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. Those catastrophes can be costly, and both the September 11 attacks on the World Trade Center and Pentagon as well as Hurricane...

  • Canada has promised to "harmonize" its regulations with the United States. The decision has angered the North American rail industry, but Transportation Secretary Anthony Foxx said his department believes it will stand up to any legal challenge. The Association of American Railroads, which has lawyers studying the rule, slammed the government for basing its...

  • WASHINGTON, May 1- The United States and Canada have a 400- page plan to control oil train dangers that walks a thin line: promote safety without stifling a business that has spurred domestic oil production. As with many such contentious issues, calls by regulators to retrofit oil tank cars, reduce speeds and require new braking systems in the continent's...

  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • Operating conditions in Venezuela worsened in February after President Nicolas Maduro's socialist government launched a 70 percent devaluation of the bolivar via a new "free floating" currency system known as Simadi. Herbalife, which did not return messages seeking comment, has said in regulatory filings it may be forced to deconsolidate its operations in...

  • WASHINGTON, May 1- U.S. telecom industry groups, alongside AT&T Inc and CenturyLink Inc, called for regulators to block parts of new rules for Internet service providers on Friday, citing "crushing" compliance costs and threats to investment. The request, expected to be rejected by the FCC, is a prelude to a building court battle over the rules, which put the agency...

  • WASHINGTON, May 1- U.S. telecom industry groups, alongside AT&T Inc and smaller companies, on Friday called for regulators to immediately block parts of new stricter rules for Internet service providers, citing steep costs and threats to investment. In a filing with the Federal Communications Commission, USTelecom Association, CTIA-The Wireless Association...

  • TELECOM INDUSTRY SAYS NEW REGULATORY REGIME, PRIVACY REQUIREMENTS WILL CREATE UNRECOVERABLE COMPLIANCE BURDEN, HURT RURAL BROADBAND DEPLOYMENTS.

  • US, Canada set tough rail tanker safety rules Friday, 1 May 2015 | 2:17 PM ET
    Firefighters battle blazes after a freight train loaded with oil derailed in Lac-Megantic, Quebec, on July 6, 2013.

    After a series of fiery crashes, U.S. and Canadian regulators set tough new design standards on the rail cars used to ship flammable liquids.

  • WASHINGTON, May 1- A U.S. appeals court on Friday threw out a constitutional challenge to the U.S. Consumer Financial Protection Bureau. On a 2-1 vote, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit said Nevada company Morgan Drexen Inc and an attorney who contracts with the firm, Kimberly Pisinski, had no legal grounds to make...

  • US, Canada unveil rules to boost oil train safety Friday, 1 May 2015 | 10:30 AM ET

    The regulations are a long-awaited response to a series of fiery train crashes in the U.S. and Canada, including four so far this year. The most serious accident occurred in July 2013, when a runaway oil train derailed in Lac-Megantic, Quebec, just across the border from Maine, killing 47 people and destroying most of the town's central business district.

  • RPT-U.S., Canada ready oil train safety measures Friday, 1 May 2015 | 7:00 AM ET

    WASHINGTON, May 1- Canada's transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety regulations on shipping crude oil by rail, a politically sensitive issue on both sides of the border. Transportation Secretary Anthony Foxx are expected to demand that railroad companies equip cars...

  • LISBON, Portugal— Pilots at Portugal's state-owned national airline have begun a 10- day strike, forcing flight cancellations as they press their demand to be given up to a 20 percent stake in the company when it is privatized later this year. The Civil Aviation Pilots' Union, which represents a majority of the flag carrier's more than 900 pilots, is also demanding...

  • NEW YORK, April 30- An oil train safety plan for the United States and Canada to be announced on Friday will include an unexpected mandate on the rail industry to adopt an advanced braking system, industry sources familiar with the rules said. However, the Transportation Department has concluded that ECP braking would deliver meaningful safety improvements.

  • April 30- The U.S. Food and Drug Administration on Thursday approved The Medicines Co's dry powder blood-clotting agent for use in hospital settings, a month after the treatment received approval in Europe. The approval comes at a time Medicines Co is facing a drop in sales of its lead product, Angiomax anticoagulant injection, which accounted for over 80...

  • McKesson settles investigation on controlled substances Thursday, 30 Apr 2015 | 5:27 PM ET

    April 30- U.S. drug wholesaler McKesson Corp said it settled with several federal agencies, including the Department of Justice, claims alleging suspicious order reporting practices for controlled substances. The suspensions will not result in supply disruptions to any customer, McKesson said in a regulatory filing on Thursday. McKesson said it had already...

  • JUDGE OVERSEEING GOVERNMENT'S ANTITRUST LAWSUIT AGAINST AMERICAN EXPRESS CO ISSUES INJUNCTION AGAINST STEERING CUSTOMERS.

  • Glaxo gets OK to expand marketing of inhaler drug Thursday, 30 Apr 2015 | 3:46 PM ET

    WASHINGTON— GlaxoSmithKline plc says it has received U.S. approval to sell its once-a-day respiratory inhaler Breo Ellipta for a new use in asthma patients ages 18 and older. The expanded approval from the Food and Drug Administration will help Glaxo replace sales of its best-selling product, Advair, which faces generic competition in Europe and pricing...

  • NEW YORK, April 30- Banks need to put in place more stringent standards around algorithmic trading to help reduce risks to the financial system as trading becomes more electronic and increasingly complex, a group made up of global regulators said on Thursday. Another example was the 2012 Facebook Inc initial public offering, when market makers lost around $500...

  • WASHINGTON, April 30- U.S. financial regulators on Thursday issued a rule subjecting real estate appraisal companies to tighter oversight after lax lending standards in the mortgage market contributed to the 2007-09 financial crisis. The regulation allows states to register and supervise these so-called appraisal management companies, which value...