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  • Indian companies scramble to find women directors Friday, 27 Mar 2015 | 7:21 AM ET

    India's market regulator, the Securities and Exchange Board of India, has set a final deadline of April 1 for all of the country's listed companies to name at least one female director. Mukesh Ambani, the second richest Indian who heads the petrochemicals to telecoms conglomerate Reliance Industries Ltd., appointed his wife Nita Ambani to the company's board.

  • March 26- A former LPL Financial LLC broker who borrowed nearly $2.3 million from clients to build a vacation rental property in Hawaii has been permanently barred from the securities industry in a settlement reached with Wall Street's watchdog. Raymond Daniel Schmidt, who was affiliated with the unit of LPL Financial Holdings Inc in Oceanside, California,...

  • Project sponsor Mines Management Inc. of Spokane, Washington, rejected the group's compensation figure during court-ordered settlement talks on Wednesday. Mines Management chief executive Glenn Dobbs says the agency's announcement marks a major step forward. "It's the culmination of 10 years of very hard work by good people at the U.S. Forest Service and...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • Nevada casino regulators scold Caesars for bankruptcy Thursday, 26 Mar 2015 | 6:02 PM ET

    LAS VEGAS— Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.' s debt-heavy subsidiary an embarrassment and lamented the company's inability to pay 63 former executives some $33 million in promised pension payments. The Nevada Gaming Commission pressed Caesars executives Thursday about the company's overall bankruptcy...

  • March 26- Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, an annual base salary of $650,000 and a special one-time $5 million sign-on bonus. Porat, who will join Google on May 26, will also get a new hire grant of $25 million through restricted stock units and a $40 million biennial grant in 2016, the company said in a regulatory filing on...

  • American Apparel discloses SEC probe tied to former CEO Thursday, 26 Mar 2015 | 5:22 PM ET

    NEW YORK— American Apparel says the Securities and Exchange Commission is investigating unspecified matters tied to its former CEO, Dov Charney. The Los Angeles- based clothing retailer said in a regulatory filing Wednesday that the SEC investigation has to do with "matters arising from" a review of Charney by the company's board that led to Charney's firing in...

  • NEW YORK, March 26- Olympus Corp, the largest maker of a medical device at the center of recent U.S. superbug outbreaks, issued new cleaning instructions for its equipment on Thursday, urging health providers to adopt them "as soon as possible." The U.S. Food and Drug Administration does not recommend that patients forego procedures until the brushes are shipped out,...

  • NEW YORK— Orexigen Therapeutics said Thursday that European Union regulators approved its weight loss drug for sale. Shares of Orexigen Therapeutics Inc. were up 18 cents, or 2.6 percent, to $7.10 in afternoon trading after rising to $7.47 earlier in the day. Orexigen's partner Takeda Pharmaceuticals handles marketing of Contrave and pays royalties to...

  • NEW YORK, March 26- Leon Cooperman's Omega Advisors Inc told clients earlier this week that it has been subpoenaed by federal prosecutors and regulators seeking information about its trading activities in certain securities, according to a letter seen by Reuters on Thursday. Attorney's office in New Jersey and the U.S. Securities and Exchange Commission.

  • But a U.S. regulator cited the email as evidence that Nomura Holdings Inc and RBS made false statements about mortgage securities they sold to Fannie Mae and Freddie Mac. The FHFA's case is the first to reach trial out of 18 lawsuits the regulator filed in 2011 over some $200 billion in mortgage-backed securities that various banks sold Fannie Mae and Freddie...

  • OTTAWA, March 26- Canada's Conservative government has given the energy regulator about a year to deliver up-to-date guidelines for pipeline companies to improve safety and protect the environment. Natural Resources Minister Greg Rickford instructed the National Energy Board to study the issue and report its findings with new safety guidelines by next...

  • BIRMINGHAM, Ala.— Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections from heavy debt burdens and warned Republicans that he would veto attempts to unravel regulations that govern the financial industry. Obama praised the Consumer Financial Protection Bureau for its proposal to...

  • U.S. business groups have already complained about the new rules, which China announced in December, and senior officials including Secretary of State John Kerry have written to their Chinese counterparts about them. Japan and the European Union have echoed U.S. concerns about the regulations, which China says aim to promote cybersecurity.

  • Cooperman to CNBC: No allegation of wrongdoing   Thursday, 26 Mar 2015 | 12:14 PM ET
    Cooperman to CNBC: No allegation of wrongdoing

    Leon Cooperman and Omega Advisors have sent a letter to its investors saying the firm has been subpoenaed over the trading of certain securities by the SEC and U.S. Attorney's office, reports CNBC's Scott Wapner. Rob Sechan, UBS, weighs in.

  • GENEVA, March 26- The United States is concerned about China's restrictions on the use of foreign information technology equipment by the banking sector, the United States said in a filing published by the World Trade Organization on Thursday. U.S. business groups have already complained about the regulations, and senior officials, including Secretary of...

  • Lawmakers unhappy with new fracking rules Thursday, 26 Mar 2015 | 11:47 AM ET

    WASHINGTON— Republican and Democratic lawmakers in the House have found something in common: Many have issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing. The lawmakers' complaints were aired Thursday during a House subcommittee hearing called...

  • Cooperman tells investors firm got subpoena   Thursday, 26 Mar 2015 | 11:19 AM ET
    Cooperman tells investors firm got subpoena

    Leon Cooperman and Omega Advisors have sent a letter to its investors saying it has been subpoenaed over the trading of certain securities, reports CNBC's Scott Wapner.

  • FINRA fines Oppenheimer $3.75M in employee fraud case Thursday, 26 Mar 2015 | 11:15 AM ET

    NEW YORK— The Financial Industry Regulatory Authority is ordering Oppenheimer& Co. to pay $3.75 million for failing to supervise an employee who defrauded clients and the producers of a canceled Broadway musical. FINRA ordered Oppenheimer to pay a $2.5 million fine and $1.25 million in restitution for failing to investigate Mark Hotton before hiring him,...

  • AMSTERDAM, March 26- A Dutch regulatory agency raided the Amsterdam offices of taxi hailing service Uber on Thursday in connection with its UberPOP unit after a court deemed it illegal in December. Amsterdam newspaper Het Parool reported the company saying the raid was a "warning to international start-ups, technology companies and multinationals that...