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Law Legislation

  • ATLANTA, Feb 23- Outgoing Atlanta Federal Reserve president Dennis Lockhart put a plug in for looser bank regulations on Thursday, saying debate over ways to change the Dodd-Frank financial reform laws were appropriate given the economy's strength and what he regards as improved bank management. The regulatory "pendulum," he said, had likely swung too far in the...

  • NEW YORK, Feb 23- L3 Technologies Inc said on Thursday it reached a $34.5 million settlement of a lawsuit by shareholders who accused the defense contractor of accounting fraud in its aerospace systems business. Shareholders led by two Michigan pension plans accused L3 of hiding improprieties, including those raised by an internal management-level...

  • TEL AVIV, Feb 23- The Israeli government has drafted a law banning the sale of binary options overseas by online trading firms based in Israel, a business that has drawn broad international criticism over allegations of illicit practices. The proposed amendment to the country's securities law was drawn up by the securities authority and other government...

  • LONDON, Feb 23- Barclays reported a surprise increase in its capital reserves on Thursday thanks to the speedy sale of unwanted assets, helping the British bank put money aside as it braces for legal battles and worsening market conditions. While Barclays profits were lower than expected, they nearly trebled from a year earlier as the bank emerges from an...

  • WASHINGTON— With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade lawmakers across the country to approve rules that would benefit the automaker while potentially keeping its competitors off the road. GM began by getting a bill passed last year on its home turf, in Michigan. This year, bills similar...

  • The Alaska Republican held up a blank sheet of paper to illustrate his point. Lisa Murkowski is sponsoring legislation to open the refuge that takes up Alaska's northeast corner and is larger than West Virginia and Connecticut combined. The coastal plain is not the apex of Alaska scenery, but it's a nursery for polar bears, muskoxen and the vast Porcupine...

  • *Group PBT 3.2 bln stg vs 3.972 bln consensus. LONDON, Feb 23- Barclays reported a surprise increase in its core capital ratio on Thursday, as the bank took advantage of its rising profits to put money aside for expected demands on its cash from legal issues and worsening global market conditions. Barclays faces a suit by the U.S. Department of Justice on civil...

  • SAN FRANCISCO— The Latest on a ruling to block a California law that allows entertainment professionals to force a website to remove their ages.:. A federal judge in San Francisco has blocked a California law that allows actors and other entertainment professionals to force a popular industry website to remove their ages. Jerry Brown signed in September was...

  • SAN FRANCISCO— A California law that restricts a popular Hollywood website from posting actors' ages raises First Amendment concerns and does not appear likely to combat age discrimination in the entertainment industry in any meaningful way, a federal judge said Wednesday. Chhabria said the law prevented IMDb from publishing factual information on its...

  • ASUNCION, Feb 22- Paraguay's Supreme Court ruled in favor of the Treasury Ministry on Wednesday in a dispute over the constitutionality of a proposed bond sale, allowing it to issue $550 million in debt next month. The unprecedented budget veto meant that the 2016 budget remained in place, but the opposition claims that does not give the Treasury Ministry the...

  • "They just feel like the underdogs to me, and I don't like to see people taken advantage of," Hawaii state Sen. A federal legal loophole allows foreign fishermen to fish off the coast of Hawaii, even though they are technically not allowed to enter the United States. U.S. Customs and Border Protection says these men are banned, raising questions about whether the state...

  • Feb 22- A judge has crushed the hopes of a group of investors in Ultra Petroleum Inc, a bankrupt natural gas company, who had sought to collect a $300 million windfall because a clerk entered a court order on the wrong date. Bankruptcy Judge Marvin Isgur approved on Feb. 13 the disclosures for Ultra's plan to emerge from Chapter 11, although his order was not put on the...

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • SANTIAGO, Feb 22- BHP Billiton's decision this week to give up its legal right to replace striking workers at the Escondida copper mine in Chile is a move aimed at sacrificing some output to undermine the union's position, analysts said Wednesday. The strike began on Feb 9, after workers voted overwhelmingly to reject a wage contract offer by BHP Billiton.

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • SEOUL, Feb 22- Collusion, price-fixing and disseminating false news in the foreign exchange market will be punishable by criminal law in South Korea for the first time starting later this year as the government toughens up regulation. In enforcement regulations set out in an amendment on foreign exchange trading laws issued on Wednesday, the finance ministry...

  • SEOUL, Feb 22- Collusion, price-fixing and disseminating false news in the foreign exchange market will be punishable by criminal law in South Korea for the first time starting later this year as the government toughens up regulation. In enforcement regulations set out in an amendment on foreign exchange trading laws issued on Wednesday, the finance ministry...

  • But the Senate's vote Wednesday afternoon was 24-16, leaving supporters of the bill three votes shy of the necessary two-thirds majority to overturn the veto. A majority of Republicans in both GOP- controlled chambers voted to override the veto, reflecting a view that tax cuts Brownback championed in 2012 and 2013 went too far and are a key factor in Kansas'...

  • WASHINGTON, Feb 21- Andrew Olmem, an attorney and former Republican congressional aide, has joined the White House National Economic Council as a deputy to Gary Cohn, said two sources familiar with the move. Olmem, an attorney to the Senate Banking Committee during the financial crisis, left his job at Venable LLP last week, said the law firm. The National Economic...

  • WASHINGTON, Feb 21- Andrew Olmem, an attorney and former Republican Congressional aide, has joined the White House National Economic Council as a deputy to Gary Cohn, said two sources familiar with the move. Olmem, an attorney to the Senate Banking Committee during the financial crisis, left his job at Venable LLC last week, said the law firm. Olmem was a leading staff...