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  • 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...

  • FDA to scrutinize unproven alternative remedies Thursday, 26 Mar 2015 | 10:23 AM ET

    The Food and Drug Administration says that it will hold a two-day meeting next month on regulations for homeopathic medicines, which have long occupied a place on the fringes of U.S. health care. According to a federal notice published online Thursday, the FDA will ask attendees whether there is data to "better assess the risks and benefits" of homeopathic...

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • WASHINGTON, March 26- The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans. The framework unveiled by the U.S. Consumer Financial Protection Bureau was a key step toward new rules for various types of loans that regulators say trap borrowers in...

  • BERLIN, March 26- European Union regulators plan a year-long investigation into ecommerce to help remove barriers to cross-border trade in the 28- nation bloc, the EU's antitrust chief said on Thursday. European Competition Commissioner Margrethe Vestager said she decided to launch the inquiry because such hurdles were hampering the growth of online...

  • WASHINGTON, March 26- The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans. The framework unveiled by the U.S. Consumer Financial Protection Bureau was a key step toward new rules for various types of loans that regulators say trap borrowers in...