WASHINGTON— Johnson& Johnson is asking surgeons not to use a line of devices for removing growths from the uterus amid regulators' growing concern that the electronic surgical tools raise the risk of spreading cancer to other parts of the body. The company cited an FDA meeting earlier this month that reinforced "the complexity of this issue."» Read More
New York Attorney General Andrew Cuomo and 14 other states are filing a lawsuit against Amgen, alleging that the biotech company was offering kickbacks to medical providers to increase the sale of its anemia drug Aranesp.
The House Ethics Committee formally acknowledged that Rep. Maxine Waters (D-CA.) is under investigation for allegedly using her influence to help a bank in which her husband owned stock
If policy makers want to bring down bank pay, they should do something to make the industry more competitive, and to assure that no one expects the taxpayer to again pay all the costs if the industry blows up again. says Floyd Norris in the New York Times.
You’ve heard it before, but a health care bill looks likely to pass the House that would create a public option and ultimately cover at least 95% of the nation.
The court-appointed receiver who is trying to unwind the alleged Allen Stanford Ponzi scheme says he has identified $1.5 billion in assets that could be returned to victims.
The government should “pull the plug” on problem banks rather than bail them out and imposing tougher regulation on them, Roger Nightingale, strategist at Pointon York, told CNBC Wednesday.
Obama officials and House Democrats are no longer considering having financial firms pre-pay into a fund to help cover the costs of winding down too-big-too-fail financial firms, a source said.
The Fed would play less of a role in handling firms that pose a systemic risk to the economy, giving more authority to a council composed of several regulatory agencies
Eight months after he seized control of what was left of their life's savings, a court-appointed attorney in Dallas has finally met with investors in the alleged Stanford Ponzi scheme, CNBC has learned.
Despite what you’ve heard, the public option might not be off the table after all.
The Smart Choices nutrition labeling program, created voluntarily by nine large U.S. manufacturers, is halting after federal regulators said such systems could mislead consumers, officials with the labeling group said Friday.
U.S. Federal Reserve Chairman Ben Bernanke Friday laid out his most detailed description yet of the central bank's post-crisis approach to regulation and said requiring big banks to hold more capital was under consideration.
A federal judge tossed out a lawsuit this week that was seeking to have Craigslist pull its “erotic services” ads.
Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis.
Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.
A government watchdog said the $700 billion bailout for the financial industry played a major role in rescuing the economy over the last year but also engendered anger and distrust among Americans because of secrecy and confusion about the way the program was handled.
While at this time I don't expect a regulation bill to be ready for the President to sign this year, I believe it is likely there will be one ready before the mid-term 2010 elections next year. Again, change is coming whether it makes sense or not.
Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?
Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.
Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.