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Regulations

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  • 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...

  • TORONTO, March 25- A senior executive at BCE Inc's Bell Media unit apologized on Wednesday for interfering in editorial coverage after Canada biggest communications company was harshly rebuked by the country's broadcast regulator. The apology came after the Globe and Mail newspaper, citing unnamed sources, reported Bell Media's President Kevin Crull told...

  • Wyoming is among states challenging new EPA rules Wednesday, 25 Mar 2015 | 6:21 PM ET

    CHEYENNE, Wyo.— Wyoming, the nation's leading coal-producer, joined 20 other states pressing arguments Wednesday before the U.S. Supreme Court against federal regulations that would cut the amounts of mercury and other pollutants that can be emitted by power plants. The states and industry groups say the EPA failed to consider the issue of cost involving the...

  • WASHINGTON— The world's largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the Justice Department announced Wednesday. The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a yearslong investigation into...

  • PayPal to pay $7.7M in sanctions violations settlement Wednesday, 25 Mar 2015 | 4:24 PM ET

    WASHINGTON— PayPal Inc. has agreed to pay $7.7 million to settle with U.S. regulators who said the payments company allowed violations of U.S. sanctions against Iran, Cuba and Sudan. The Office of Foreign Assets Control, an agency of the Treasury Department, announced Wednesday the civil settlement with the digital payments processor. The agency said PayPal, a...

  • OTTAWA, March 18- Canada's energy regulator is investigating up to a dozen new allegations of natural gas pipeline safety-code violations at TransCanada Corp, according to documents reviewed by Reuters. It marks the second time in recent years the regulator has probed safety practices at Canada's second-largest pipeline company following complaints by a...

  • Comcast says $45B Time Warner Cable deal to take longer Wednesday, 25 Mar 2015 | 12:47 PM ET

    NEW YORK— Comcast says its $45 billion purchase of Time Warner Cable will take longer than expected because of a long-running regulatory review. Comcast said in a blog post Wednesday that it now expects the FCC's review to finish in the middle of the year. Philadelphia- based Comcast Corp. has called the case a "procedural matter" related to its Time Warner Cable...

  • The final rule preempts state "blue sky laws" for stock deals valued at more than $20 million and up to $50 million, meaning those companies would not have to register their deals in every state before they can be sold and the states could not block riskier deals. The SEC's rule aims to strike a compromise with the North American Securities Administrators...

  • WASHINGTON, March 25- Comcast Corp has reassessed the timing of the regulatory review of its proposed merger with Time Warner Cable Inc and now expects its conclusion in the middle of this year, a company executive said in a blog post on Wednesday. The $45 billion deal is under review by the U.S. Justice Department and the Federal Communications Commission.

  • COMCAST CORP SAYS REGULATORY REVIEW OF TIME WARNER CABLE MERGER NOW EXPECTED BY MIDDLE OF THE YEAR.