The bill would set licensing standards for mortgage loan originators and log those lenders in a national registry, the lawmaker said in a statement.
French legislators approved a measure championed by President Nicolas Sarkozy that would encourage people to work beyond the 35-hour work week by cutting taxes on overtime pay.
Schneider Electric won compensation from the EU on Wednesday for its refusal to let the company buy Legrand SA in 2001, the first time a court has ordered regulators to reimburse a business for losses due to a takeover ban that was later overturned.
Ryanair Holdings, the discount airline prevented from buying rival Aer Lingus, said Tuesday it will take to court EU competition authorities over their alleged failure to enforce competition rules fairly.
EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
Police in London's bustling nightclub and theater district on Friday defused a bomb that could have killed hundreds, after an ambulance crew spotted smoke coming from a Mercedes filled with a lethal mix of gasoline, propane and nails, authorities said.
Here's the quick and dirty on what yesterday's ruling by the U.S. Supreme Court on Leegin v. PSKS means for retail: The case of Leegin v. PSKS came to the docket of the Supreme Court after a dispute over the sale prices of designer handbags. Brighton/Leegin of City of Industry, Calif. Brighton/Leegin required a Lewisville, Texas, boutique, Kay's Kloset, to agree in writing not to sell its products below a certain price.
Police cordoned off part of central London after they defused what they called a "potentially viable explosive device" found in a car.
The Supreme Court overturned Thursday a nearly 100-year-old precedent that some price-setting agreements between manufacturers and retailers are automatically illegal under federal antitrust law.
President Bush suffered a major defeat on his plan to overhaul U.S. immigration laws Thursday when the Senate refused to close debate and advance the legislation.
Okay, let's say you're a shareholder in a company, and that company's just gotten a takeover bid from a private equity firm. That offer represented a 13.6% premium to the stock's closing price yesterday. You may think to yourself: I've got myself a nice little profit here. But wouldn't a 19.3% profit be that much nicer? No, I didn't pull those figures out from my fedora. That's the difference, according to Dealogic, between the average premiums in management-led buyouts versus non-management deals. And these days, shareholders are outraged by it, and bringing that rage to the courtroom.
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.
NASCAR filed a $100 million counter claim against AT&T on Sunday, accusing the wireless provider of interfering with its exclusive sponsorship agreement with rival wireless company Nextel.
The immigration bill will be brought back to the floor next week. Mark Krikorian, executive director from the Center for Immigration Studies and Jared Bernstein, CNBC’s Contributor and Senior Economist at the Economic Policy Institute shared their insights on the legislation on “Morning Call.”
Cadbury Schweppes, the world's largest confectionery group, pleaded guilty on Friday to charges of selling unsafe chocolate in Britain and Ireland during 2006 and faces an unlimited fine.
Taking punitive action against China's currency policy may happen in "stages." Four senators introduced legislation to move China toward a market-determined exchange rate in a gradual, four-phase program. ... This is a step in the right direction, because "we want to continue to have dialogue with China," U.S. Chamber of Commerce Vice President for East Asia Myron Brilliant told "Power Lunch" viewers.
With refiners failing to operate at maximum capacity, Sen. Ron Wyden (D-Ore.) proposed a bill to take away government subsidies from oil companies if they do not increase refiner capacity."If you really want to help consumers who are getting clobbered at the pump, you've got to expand refinery capacity," Wyden said on "Morning Call."
Twelve minutes seems like an eternity in television land, but when you report an in-depth piece, there is inevitably juicy tidbits that end up never seeing the light of day. That's what happened with my look at the psychology behind a hedge fund con. It's the story of a college undergrad, Hakan Yalincak, who engaged in credit card fraud, hedge fund fraud and check kiting, in a classic Wall Street swindle. And here's the kicker: the targets of the scam were hedge fund traders and managers who worked at some of the most successful...
A showdown is looming between the White House and Congress as the Senate prepares to introduce a bill that attempts to force China to loosen the reigns on its currency. Supporters of the legislation like Lloyd Wood from the American Manufacturing Trade Action Coalition say it’s about time for a crackdown, while critics like Daniel Ikenson from the CATO Center for Trade Policy Studies say legislation like this will only lead to an economic and diplomatic rift between the two world superpowers. The two analysts discussed their insights on “Power Lunch.”
Bank of America has accused a Dutch court of unlawful action by blocking its $21 billion purchase of ABN Amro's U.S. unit LaSalle Bank in an appeal filing, the Financial Times reported on Friday.