DETROIT, Nov 26- The U.S. National Highway Traffic Safety Administration on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave Takata until Tuesday to declare that its air bag inflators are defective and issue a recall. Shares in Takata plunged as much as 7.9...» Read More
In an exclusive live interview on cnbc.com’s home page, The Business Roundtable chairman talks to CNBC's Liz Claman about global competitiveness, immigration, Sarbanes-Oxley and the new Congress.
CNBC, America's Business Channel, and CNBC.com look at the best -- and worst -- states for business in our new exclusive study.
To arrive at America's Top States for Business, we scored all 50 states -- using publicly available data -- on 40 different measures of competitiveness., and then separated those metrics into the ten broad categories.
The bill would set licensing standards for mortgage loan originators and log those lenders in a national registry, the lawmaker said in a statement.
Congress is holding three different hearings Wednesday to weigh increasing regulations and taxes on private equity and hedge funds. So why is James Chanos, founder and president of Kynikos Associates, so calm? He joined "Morning Call" to explain why he doesn't fear "heavy-handed" legislative actions.
Irwin Latner, hedge-fund lawyer and partner at Herrick Feinstein, told CNBC’s “Morning Call” that the risk of over-regulating hedge funds is now greater than the need for more controls. ... But Christian Weller, senior economist at the Center for American Progress, said Congress is simply gathering information to assess the risk posed by hedge funds.
This week, CNBC is counting down America’s Top States for Business. On Monday, CNBC’s Scott Cohn reported from No. 5: North Carolina, a right-to-work state. On “Power Lunch,” Mark Mix, president of the National Right to Work Committee, and Marybeth Maxwell, director of American Rights at Work, joined Cohn and CNBC’s Bill Griffeth to debate whether non-union states are better for business.
A senior scientist at Consumers Union told "Squawk Box" that the U.S. regulators need to step-up inspections of food coming from China, particularly seafood.
Britain's financial watchdog has found poor practice by intermediaries and lenders in the U.K. subprime mortgage market and has launched enforcement action against five firms, it said on Wednesday.
Filmmaker Michael Moore, whose movie "Sicko" opens Friday, told CNBC that he's urging investors to dump shares of health insurers and health maintenance organizations because "people don't need a middleman between the doctor and the patient."
U.S. Treasury Secretary Henry Paulson said it would be unwise and dangerous to single out hedge funds and private equity when revising the tax code.Speaking at the Wall Street Journal's Deals and Dealmakers Conference, which was shown live on CNBC.com, Paulson said proposals in Congress to boost the tax rate on hedge funds and private equity firms to 35% from 15% ignore the economic benefits of partnerships.
International concerns over China's food safety problems have increased, though one advisor said the U.S. must still look after its trading partner. "China is a natural ally of the United States. We should not make it otherwise," Robert Kuhn, senior advisor at Citigroup said on "Power Lunch."
The U.S. Securities and Exchange Commission has opened 12 enforcement investigations into matters surrounding collateralized debt obligations (CDO), the agency's leader told a Congressional panel.
Senators reached agreement on a proposal to increase automobile fuel economy standards to 35 miles per gallon, the first significant boost demanded of automakers in nearly 20 years.
Prime Minister Tony Blair said Wednesday that there are legitimate concerns about the level of tax paid by private equity companies and their executives, which the government is studying.
Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, people close to the deal said.
A debate continues in the Senate over the energy bill that could bring massive changes to the current U.S. energy policy. On “Morning Call,” Christopher Horner, author of “The Politically Incorrect Guide to Global Warming and Environmentalism,” and David Hamilton, director of the Sierra Club’s Global Warming & Energy program, debated which party has the best policy.
The U.S. International Trade Commission ordered a ban on Thursday of some imported cell phone models containing Qualcomm chips that infringe on a Broadcom patent.
A U.S. appeals court overruled regulators who decided that expletives uttered on broadcast television violated decency standards, a major victory for TV networks.
Regulators postponed a decision Friday on revoking the license of BP's Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon.