×

Law Legislation

  • MEXICO CITY, July 26- America Movil, the telecommunications company of Mexican tycoon Carlos Slim, and Movistar, the Colombian unit of Spain's Telefonica SA, may not have to pay any compensation while legal action in Colombia is under review, a government minister said on Wednesday. Shares of America Movil closed down 0.32 percent and Telefonica shares closed up...

  • WILMINGTON, Del., July 26- A U.S. bankruptcy judge on Wednesday gave Elliott Management Corp 11 more days to formalize its plans to bid on Oncor Electric Delivery Co before the court approves the $9 billion offer for the utility from Berkshire Hathaway Inc.. Judge Christopher Sontchi of the Delaware bankruptcy court pushed back the hearing for the approval of...

  • SEOUL, South Korea— After a tumultuous year when its chief was jailed and its fire-prone smartphones were recalled and then discontinued, Samsung Electronics has reported record high quarterly earnings thanks to booming demand for memory chips. The record high profit Samsung reported for its semiconductor unit on Thursday likely pushed South Korea's...

  • Legislation to close a $2 billion hole in the Pennsylvania state budget will get a vote in the full Senate after clearing committee late Wednesday. Tom Wolf commended the Senate "for taking a responsible step toward balancing the budget," including the tax on gas drillers. Republicans who control the Pennsylvania Senate have agreed on a plan to close a $2 billion...

  • WASHINGTON, July 26- U.S. lawmakers are near an agreement that would pave the way for the Senate to vote on legislation imposing new sanctions on Russia and Iran, the chairman of the Senate Foreign Relations Committee said on Wednesday. However, he did not say whether the Senate version of the bill would strip out language imposing sanctions on North Korea, as he had...

  • U.S. SENATE FOREIGN RELATIONS CHAIRMAN SAYS CLOSE TO DEAL FOR SENATE VOTE ON HOUSE RUSSIA SANCTIONS BILL.

  • WASHINGTON— President Donald Trump's choice of a key player in his drive to scale back financial rules would likely push to relax regulations on community banks, ease restrictions on some speculative trading and soften annual tests of big banks' health. A Senate committee will hold a confirmation hearing Thursday for Quarles. He is expected to eventually win...

  • The ruling in the case of Joseph Jiampietro, the ex-managing director, followed investigations of how one of his subordinates at Goldman obtained leaked documents from a friend who worked at the Federal Reserve Bank of New York. In a ruling unsealed last week, Administrative Law Judge Christopher McNeil recommended the Federal Reserve Board of Governors bar...

  • That's the message insurers are delivering to a Republican-controlled Congress that is busy dismantling the Obama-era law and may be reluctant to continue propping it up with federal funds. Those payments, estimated at $7 billion a year, have been challenged by Republicans in court, and President Donald Trump isn't offering any guarantees for that money...

  • HELENA, Mont.— Montana election officials on Wednesday allowed a conservative group to move forward with a proposed ballot initiative that would let people sue for emotional or mental distress if they spot a transgender person using a public bathroom that doesn't correspond to their gender at birth. The proposal in Montana would require people to use public...

  • John Kasich of Ohio, Brian Sandoval of Nevada, Charlie Baker of Massachusetts, Larry Hogan of Maryland and Phil Scott of Vermont. Dean Heller voted on Tuesday to move ahead on the GOP effort to repeal and replace the law. President Donald Trump said he was "hearing good things" on health care hours after the Senate rejected legislation he backed that would repeal...

  • *EU seen threatening Poland, but not launching sanctions yet. BUDAPEST, July 26- The zloty firmed slightly on Wednesday on expectations that the European Union's executive will not launch new legal proceedings against Poland over a law allowing the government to appoint judges. One EU official who declined to be named said the EU's executive on Wednesday would...

  • WASHINGTON— The Senate's days-long debate on health care features a dynamic that's relatively rare on Capitol Hill. The Senate has started off by taking up the House-passed bill— which doesn't have enough support to pass the Senate— and it'll take near-unanimity among Republicans for them to alter the measure. Here's a primer on how to watch this week's Senate...

  • ALBANY, N.Y.— Police in New York state may soon have a high-tech way of catching texting drivers: a device known as a "textalyzer" that allows an officer to quickly check if a phone has been in use before a crash. Andrew Cuomo on Wednesday directed the Governor's Traffic Safety Committee to examine the technology, as well as the questions about privacy and civil...

  • WASHINGTON— Prodded by President Donald Trump, a bitterly divided Senate voted, at last, Tuesday to move forward with the Republicans' long-promised legislation to repeal and replace "Obamacare." When the Senate voted Tuesday evening on the bill's initial amendment, it underscored how hard it will be for the chamber's divided Republicans to pass a sweeping...

  • July 26- The Australian consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints. The Australian Competition and Consumer Commission said in a statement that Ford had refused to provide a refund or...

  • WASHINGTON— The Latest on Republican efforts to repeal a banking regulation that would let consumers participate in class-action lawsuits.:. Just two weeks ago, the Consumer Financial Protection Bureau finalized a rule banning most types of mandatory arbitration clauses. The Consumer Financial Protection Bureau finalized the rule just two weeks ago.

  • Sen. Susan Collins, R-Maine and Sen. Jack Reed, D-R.I.

    Sens. Susan Collins and Jack Reed are caught on a hot mic discussing the budget and Trump in unflattering terms, the Washington Post says.

  • Jerry Brown signing legislation to extend California's cap and trade climate program:. Arnold Schwarzenegger joined his successor Jerry Brown on San Francisco's Treasure Island Tuesday as Brown signed a bill keeping cap and trade alive until 2030.. Jerry Brown is set to sign legislation keeping alive California's signature initiative to fight global...

  • The U.S. Department of Labor on Tuesday called for public comments on the rule, which is the first step in revoking or revising it. The rule would have doubled to $47,000 the maximum salary a worker can earn and still be eligible for mandatory overtime pay under federal wage law. The Labor Department appealed the judge's decision temporarily blocking the rule to a...