GO
Loading...

Regulations

More

  • Sprint accused of billing for unwanted services Wednesday, 17 Dec 2014 | 1:00 PM ET

    WASHINGTON— Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers hundreds of millions of dollars in charges for text message alerts and other services that they didn't order. The Consumer Financial Protection Bureau said Wednesday that it has sued the third-largest U.S. cellphone carrier over billing for...

  • Nevada regulators again reject tribal solar plant Wednesday, 17 Dec 2014 | 11:35 AM ET

    LAS VEGAS— Nevada regulators rejected for the second time Wednesday a request to waive competitive bids for utility company NV Energy to buy solar power from a proposed solar generation station on the Moapa River Paiute Indian Reservation outside Las Vegas. State Bureau of Consumer Protection chief Eric Witkowski called the Public Utilities Commission's...

  • UPDATE 2-Regulators extend tax probe to all 28 EU nations Wednesday, 17 Dec 2014 | 10:52 AM ET

    BRUSSELS, Dec 17- European Union competition regulators have asked all 28 member countries for details of tax deals made with companies between 2010 to 2013, broadening their investigation into corporate tax avoidance. The move by the European Commission follows ongoing inquiries into Luxembourg's tax rulings for carmaker Fiat Chrysler and online giant...

  • UPDATE 1-Pozen says FDA rejects lead drug again Wednesday, 17 Dec 2014 | 8:18 AM ET

    Dec 17- Pozen Inc said two versions of its experimental heart drug were rejected for the second time by the U.S. Food and Drug Administration, which again cited deficiencies in the manufacturing plant of a supplier of an active ingredient. Pozen's shares fell nearly 23 percent to $6.99 in premarket trading on Wednesday. Pozen, which first received the rejection...

  • BEIJING/ SHANGHAI, Dec 17- Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.. "You have to do things differently in order to succeed here in China," Uber Chief Executive Travis...

  • MEXICO CITY, Dec 16- Mexico's telecommunications regulator IFT has approved a plan from dominant broadcaster Televisa that lays out how the company will share infrastructure with competitors in order to avoid stiff penalties tied to its share of controlling more than half the market, the watchdog said on Tuesday. The plan is part of a process that Televisa, the...

  • NEW YORK/ LOS ANGELES, Dec 16- The National Labor Relations Board is expected to rule soon on if, and how, companies can be held responsible for labor violations carried out by their contractors or franchisees- a move that could have far-reaching implications for businesses. In fact, if a conflict is found between the NLRB's stance and findings from other state and...

  • Cuba to renegotiate wages paid by foreign companies Tuesday, 16 Dec 2014 | 3:13 PM ET

    HAVANA, Dec 16- Communist-run Cuba will renegotiate wages for some 40,000 nationals working in joint ventures with foreign companies, driving up labor costs as Cuba actively seeks foreign investment crucial to its economic growth plans. The new regulations, published in official media on Tuesday, no longer allow companies to pay the minimum wage in Cuba and...

  • Metro-North gets record fine in retaliation case Tuesday, 16 Dec 2014 | 12:32 PM ET

    HARTFORD, Conn.— The Metro-North-Railroad has been ordered to pay a record fine of more than $250,000 to an employee who faced disciplinary action after he reported getting injured on the job, the U.S. Labor Department said Tuesday. The Occupational Safety and Health Administration said the punitive damages are the highest ever in a retaliation case under the...

  • NC group wants Duke Energy to slow plants building Tuesday, 16 Dec 2014 | 12:09 PM ET

    RALEIGH, N.C.— A North Carolina group advocating renewable energy said Tuesday it is pressing federal regulators to investigate whether Duke Energy should buy power from other Southeast electric companies and build fewer power plants that cost consumers. Duke Energy responded in a statement that NC WARN is complaining after the company built natural gas...

  • SEC to drop Herbalife-related insider trading case Tuesday, 16 Dec 2014 | 11:12 AM ET
    An employee carries a box of products for shipment to a truck at the Herbalife Los Angeles distribution center in Carson, Calif.

    The SEC sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the trial.

  • Dec 16- The Financial Industry Regulatory Authority, Wall Street's industry-funded regulator, fined Bank of America Corp's Merrill Lynch unit $1.9 million for unfair pricing related to the purchase of distressed securities over two years. Merrill Lynch's global banking and markets credit trading desk had bought senior notes of Motors Liquidation Co,...

  • RadioShack hires advisory firm Tuesday, 16 Dec 2014 | 9:29 AM ET

    NEW YORK— RadioShack is bringing in FTI Consulting as an adviser in the midst of another round of cost cuts as the troubled electronics retailer warned again last week that it may have to seek bankruptcy protection. The company said in a regulatory filing on Tuesday that Carlin Adrianopoli, a senior managing director with FTI's corporate finance and...

  • Dec 16- Salix Pharmaceuticals Ltd said it would clear excess inventory by the end of 2015, a year earlier than it had forecast, sending its shares up about 6 percent premarket. The company forecast a profit of $3.10- $4.10 per share on total net product revenue of $1.25- $1.35 billion for 2015.. Salix also said the U.S. Food and Drug Administration has delayed a...

  • Salix to fix inventory pile-up by end of 2015 Tuesday, 16 Dec 2014 | 7:25 AM ET

    Dec 16- Salix Pharmaceuticals Ltd said it would cut sales to wholesalers to fix an inventory issue related to three key drugs, and withdrew its forecast for the fourth quarter. The company said it expects to fix the inventory issue by the end of 2015.. Salix also said the U.S. Food and Drug Administration has delayed a decision on the extended approval of Salix's...

  • WASHINGTON, Dec 16- Ocwen Financial Corp's mortgage servicing operations were criticized on Tuesday by a watchdog who questioned the independence of an internal audit group, adding to previous concerns from regulators. Ocwen is subject to the watchdog's oversight because it had acquired mortgage servicing rights from a unit of Ally Financial Inc. That...

  • WASHINGTON, Dec 15- The U.S. Securities and Exchange Commission moved on Monday to dismiss insider-trading proceedings against a man accused of illegally trading in Herbalife. The SEC's enforcement division sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the March 16, 2015 trial, according to...

  • WASHINGTON, Dec 15- The U.S. Securities and Exchange Commission moved on Monday to dismiss insider-trading proceedings against a man accused of illegally trading in Herbalife. The SEC's enforcement division sought to dismiss the civil charges against Jordan Peixoto because two crucial witnesses were not available for the March 16, 2015 trial, according to...

  • BRUSSELS, Dec 15- European Union antitrust regulators on Monday approved the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker after they promised to sell a swathe of overlapping assets. Holcim and Lafarge said the package, with the exception of a minor change in France, was about the same as that announced in...

  • TEL AVIV, Dec 15- Israel is proud to call itself a "Start-up Nation", with more tech firms listed on Nasdaq than any other country outside the United States and China. She has brought her company to the brink of commercial success-- pre-clinical safety studies and plans for regulatory approval are underway-- thanks to investment from the office of Israel's chief...