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Regulations

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  • Siemens, regulator deny China bribery report Tuesday, 5 May 2015 | 10:55 AM ET

    SHANGHAI, May 5- Siemens AG and China's State Administration for Industry and Commerce, a competition regulator, denied a Reuters report that the SAIC investigated the German group's healthcare unit and its dealers for "commercial bribery". "The SAIC has not launched a commercial bribery investigation into Siemens Healthcare Unit," a spokesperson for the...

  • BRUSSELS, May 5- EU regulators will miss a June deadline to decide whether tax deals granted by individual member states to companies including Apple and Starbucks are legal because they lack some data, the EU's antitrust chief said on Tuesday. The investigations launched last year centre on Luxembourg's tax rulings for carmaker Fiat Chrysler and online...

  • Is fracking to blame for US earthquakes?   Monday, 4 May 2015 | 6:36 PM ET
    Is fracking to blame for quakes? Maybe not: Pro

    Justin Rubinstein, seismologist at U.S. Geological Survey, explains why waste water injection is responsible for the rise in earthquakes in the U.S.

  • May 4- AcelRx Pharmaceuticals Inc said a division of the U.S. Food and Drug Administration had rejected the company's request for a meeting to discuss the need for an additional trial of its pain drug device, Zalviso. The company's shares fell about 32 percent to $2.85 in after-market trading on Monday after the FDA also restated its view that the additional...

  • WASHINGTON, May 4- Holcim Ltd, a Swiss company, and Lafarge S.A., which is based in Paris, on Monday won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission. Lafarge said previously that it would sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials for $450 million in...

  • WASHINGTON, May 4- Holcim Ltd, a Swiss company, and Lafarge S.A., which is based in Paris, on Monday won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission.

  • ALBANY, N.Y.— State officials are investigating an energy company after a spike in complaints from customers over higher-than-expected bills. The probe of Ambit was prompted by a spike in complaints in recent months to the state's utility regulation agency, Department of Public Service CEO Audrey Zibelman said Monday. Zibelman said Department of Public...

  • May 4- Corinthian Colleges Inc, the for-profit college operator hamstrung by federal and state investigations, filed for bankruptcy in Delaware on Monday, about a week after announcing it would shutter its remaining campuses and cease operations. In April, the Department of Education fined Corinthian $30 million for misrepresenting job placement rates to...

  • BRUSSELS, May 4- General Electric's CEO will meet the European antitrust chief on Tuesday, according to a person familiar with the matter, as the EU investigates the U.S. company's 12.4- billion-euro bid for an Alstom business. GE is seeking to convince the Commission to approve its proposal to buy French company Alstom's power equipment business, without...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday agreed to consider the Obama administration's bid to revive a regulation aimed at encouraging efficiency in the electricity market by paying users to reduce consumption at peak times. The court agreed to hear an appeal filed by the U.S. Federal Energy Regulatory Commission seeking to reverse a May 2014 ruling...

  • WASHINGTON— The Supreme Court said Monday it will hear a dispute over a regulation that offers financial incentives to factories, retailers and other large electricity users to reduce their power consumption. The justices agreed to review a lower court ruling that struck down a Federal Energy Regulatory Commission rule that requires utilities to pay...

  • LONDON, May 3- In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible...

  • The investigation, which has not previously been reported, follows a wide-reaching probe into the pharmaceutical industry in China that last year saw GlaxoSmithKline Plc fined nearly $500 million for bribing officials to push its medicine sales. "We are not aware of any situation that conforms to what you describe," said Germany- based spokesman Matthias...

  • Buffett hits back at Clayton Homes lending gripes Saturday, 2 May 2015 | 7:40 PM ET
    Warren Buffett and Bill Gates make their way to the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 2, 2015.

    Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.

  • Berkshire too big? Don't be silly, Buffett says Saturday, 2 May 2015 | 4:32 PM ET
    Warren Buffett at the Berkshire Hathaway Annual Shareholder's Meeting in Omaha Nebraska on May 2, 2015.

    Warren Buffett rejected the idea that Berkshire is so big that it is now too big to fail and requires tighter regulatory oversight.

  • 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...