GO
Loading...

Regulations

More

  • Data analytics company Workiva files for IPO Friday, 17 Oct 2014 | 6:11 PM ET

    Morgan Stanley and Credit Suisse are among the major underwriters for the offering, the company said in a regulatory filing on Friday. The company had more than 2,100 enterprise customers as of Sept. 30, including JPMorgan Chase& Co, Philip Morris International, Boeing Co and Wal-Mart Stores Inc. The Ames, Iowa- based company's net loss widened to $28.4 million in...

  • Hedge fund seeks board seats at Family Dollar Friday, 17 Oct 2014 | 5:35 PM ET

    Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. Family Dollar said previously that regulators are less likely to raise antitrust concerns in a deal with Dollar Tree. Elliott Management said that Family Dollar missed a chance to get Dollar General and Dollar Tree into a bidding war.

  • NEW YORK, Oct 17- A slowdown in stock quote updates to the trading platform of OTC Markets on Friday led brokerage watchdog the Financial Industry Regulatory Authority to halt trading for almost two hours. OTC Markets is a marketplace for about 10,000 securities, some of them foreign, that are not listed on the New York Stock Exchange or Nasdaq.

  • Chimerix gets FDA OK to test drug for Ebola Friday, 17 Oct 2014 | 10:54 AM ET

    Chimerix Inc. said Thursday that it has received FDA clearance to proceed with a trial examining the safety and effectiveness of its brincidofovir tablets in patients who have the virus. Chimerix did not immediately return requests for comment. Chimerix is working with the U.S. Department of Defense on developing the drug as a treatment against smallpox.

  • Vermont Yankee: Shutdown to cost $1.24 billion Friday, 17 Oct 2014 | 9:51 AM ET

    Bill Mohl, president of Entergy Wholesale Commodities, a subsidiary of Vermont Yankee owner Entergy Corp., said the tally is based on federal Nuclear Regulatory Commission rules allowing a reactor owner to mothball the plant for up to 60 years to allow radioactive components to become less so and to allow the fund to grow. But Mohl also said Entergy hopes not to...

  • Lloyd Blankfein on volatility     Friday, 17 Oct 2014 | 9:11 AM ET

    CNBC's Carl Quintanilla speaks to Goldman Sachs CEO Lloyd Blankfein about bank regulations and market volatility.

  • Oct 17- A former UBS AG branch manager's pay discrimination case in Puerto Rico highlights behavior some lawyers say can give brokerages an edge in arbitration: breaking discovery rules. In May, a Financial Industry Regulatory Authority arbitration panel dismissed Carlos Capacete's claim that UBS paid him less than branch managers on the U.S. mainland.

  • NEW YORK, Oct 16- Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The move by Wells Fargo comes as regulatory scrutiny over dark pools has intensified over concerns about the lack of transparency in the trading venues. Wells Fargo's dark pool ranks 32nd out of 41 alternative...

  • WASHINGTON, Oct 16- The White House on Thursday nominated Michelle Lee to be director of the U.S. Patent and Trademark Office, which the former executive with Internet giant Google Inc has led on an acting basis since January. Her nomination is subject to approval by the U.S. Senate.

  • Oct 16- Pfizer Inc failed to convince the U.S. Food and Drug Administration to remove a black box warning on its controversial quit-smoking drug Chantix, with an advisory panel to the agency voting against the removal on Thursday. The panel agreed to revisit its stance on the warning label once data from Pfizer's post-marketing study of Chantix is available.

  • Third traffic death in U.S. linked to Takata air bags Thursday, 16 Oct 2014 | 4:02 PM ET

    DETROIT, Oct 16- A fatal accident near Los Angeles last year of a 2002 Acura sedan involved a Takata Corp air bag, the third death in the United States linked to a defective safety component made by the Japanese supplier, according to local officials and the automaker. U.S. safety regulators at the National Highway Traffic Safety Administration are investigating...

  • CHICAGO, Oct 16- The head of a U.S. Senate subcommittee raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. "Given recent concerns about shipping delays...

  • MUMBAI, Oct 16- India's state-owned banks, weighed down by bad loans and lackluster profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation. IDBI Bank Ltd- another state-owned lender which owns stakes in the country's top stock exchange and rating agency Credit Analysis and...

  • BRUSSELS, Oct 16- Europe's outgoing antitrust chief will not open formal investigations into Google's mobile operating system Android nor into banks suspected of rigging the foreign exchange market, but will leave the decisions to his successor. European Competition Commissioner Joaquin Almunia, who will step down at the end of October, had on several...

  • UPDATE 1-Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 7:12 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday for an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The company, which operates the Habit Burger Grill chain of restaurants, offers...

  • Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 6:25 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday to raise up to $86.3 million in an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The amount of money a company says it plans to raise in...

  • Buffett reduces stake in Tesco to under 3 percent Thursday, 16 Oct 2014 | 5:48 AM ET

    LONDON— Warren Buffett's Berkshire Hathaway has reduced its stake in British retailer Tesco to under 3 percent, offering a fresh slap to the struggling company. Buffett's move, revealed in a regulatory filing Thursday, was not unexpected. He told CNBC this month that his investment in the supermarket giant was "a huge mistake by me."

  • Regulator recuses himself amid PG&E emails probe Wednesday, 15 Oct 2014 | 7:17 PM ET

    SAN FRANCISCO— A California Public Utilities Commission member who was involved in secret email exchanges with the state's largest utility said Wednesday he is recusing himself from several matters related to the company. Mike Florio said in a brief notice that he is removing himself from an ongoing rate case involving Pacific Gas& Electric Co. and...

  • The agency's approval, published in the Federal Register on Wednesday, ends years of controversy about the proposal, which was sparked by multibillion-dollar Ponzi schemes orchestrated by Bernard Madoff and R. Allen Stanford. Wall Street's industry-funded watchdog, the Financial Industry Regulatory Authority, had been pushing to put the so-called "...

  • WASHINGTON, Oct 15- The U.S. The Fed said it will meet on Oct. 22 to adopt the final version of the credit risk retention rule, a requirement of the 2010 Dodd-Frank law to reform Wall Street. The rule must also be adopted by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Department of...