Law Legislation

More

  • CARSON CITY, Nev.— NV Energy is proposing "grandfathering" existing rooftop solar customers into lower rates if they installed their system or applied for one by Sept. 10, 2015, although it defers to regulators to decide how much of a benefit those customers would receive. "This is now the second bait and switch from Berkshire Hathaway's Nevada utility," said Bryan...

  • BRUSSELS, Feb 1- European and U.S. negotiators missed a deadline to agree a key data transfer pact, the European Union's executive said, with talks snagged over a new oversight role and options for European citizens to seek redress over data privacy violations. European Union data protection law bars companies from transferring EU citizens' personal data to...

  • Judge Patrick Falvey rejected arguments that officials in Tyre failed to adequately consider how the Lago Resort and Casino would affect the surrounding community under state environmental review law. A local group called Casino Free Tyre claims the town board did the bidding of casino developers by failing to scrutinize the effects of the large...

  • *Bankia beats on 2015 profit, rises 34 pct to 1.04 bln eur. MADRID, Feb 1- Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40 percent rise in net profit for 2015, although a rising legal bill linked to its troubled flotation is clouding its outlook. Falling charges against soured debts as Spain's economy rebounded helped Bankia post...

  • WASHINGTON, Jan 31- Barclays and Credit Suisse are poised to settle federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said on Sunday. Of that, Barclays will pay a $70 million fine split evenly between the SEC and New York state, admit...

  • New anti-poverty agenda has an uncertain price tag Saturday, 30 Jan 2016 | 11:39 AM ET

    TRENTON, N.J.— New Jersey Democratic lawmakers have embarked on an ambitious agenda to fight poverty, but the price tag to taxpayers is uncertain. The push from Assembly Speaker Vincent Prieto comes as combatting poverty— an idea stretching back to Lyndon Johnson's War on Poverty five decades ago— is gaining currency nationally. Recently, President Barack Obama...

  • WASHINGTON— Battling across Iowa ahead of the first-in-the-country vote on Monday, Hillary Clinton and Bernie Sanders are dueling on fertile populist ground: resentment against Wall Street, bailed-out big banks and a financial system seen as rigged. Sanders, the socialist independent senator and underdog rival, decries the "greed, fraud, dishonesty and...

  • LOS ANGELES— The federal government has agreed to stop approving oil fracking off the California coast until it studies whether the practice is safe for the environment, according to legal settlements filed Friday. Separate deals reached with a pair of environmental organizations require the Department of Interior to review whether well techniques such...

  • WASHINGTON, Jan 29- Switzerland's chief prosecutor said on Friday he has formally asked Malaysia for help with his probe into possible violations of Swiss law by the state-owned fund 1 Malaysia Development Berhad, saying suspected misappropriations amounted to about $4 billion. Earlier this week, Malaysia's attorney general cleared Prime Minister Najib...

  • Swiss prosecutor asks Malaysia to help in 1MDB probe Friday, 29 Jan 2016 | 5:50 PM ET

    WASHINGTON, Jan 29- Switzerland's chief prosecutor said on Friday he has formally asked Malaysia for help with his probe into possible violations of Swiss law by the state-owned fund 1 Malaysia Development Berhad involving suspected misappropriations of about $4 billion.

  • *Caesars wants a decision before a March trial in New York. CHICAGO, Jan 29- The bankrupt operating unit of Caesars Entertainment Corp will soon ask a U.S. judge to shield its parent from $12 billion of lawsuits to facilitate a debt-cutting rescue deal, but approval could set a bad precedent for creditors. Hedge fund bondholders have sued Caesars in New York and...

  • District Judge John Gleeson in Brooklyn is a defeat for HSBC and the U.S. Department of Justice, which complained the release could make it easier to launder money, including for terrorism, and discourage cooperation with law enforcement. Attorney Robert Capers in Brooklyn declined to comment. Cherkasky's January 2015 report was to be kept under wraps but...

  • A new deal is crucial for the many thousands of businesses that until late last year relied on "Safe Harbour", a framework which protected Europeans' data moving to the United States, when it was struck down by an EU court over concerns about U.S. European Union data protection law says companies cannot transfer EU citizens' personal data to countries outside the...

  • A new deal is crucial for the many thousands of businesses that until late last year relied on "Safe Harbour", a framework which protected Europeans' data moving to the United States, when it was struck down by an EU court over concerns about U.S. European Union data protection law says companies cannot transfer EU citizens' personal data to countries outside the...

  • WASHINGTON, Jan 29- Democratic U.S. Senator Elizabeth Warren released on Friday a report criticizing what she called "shockingly weak" punishments for corporate crimes and condemned the Justice Department and Securities and Exchange Commission for their lax approach. Warren, a favorite among progressives, criticized the Justice Department and federal law...

  • WARSAW, Poland— Poland's conservative, pro-Catholic government says it plans to help finance a college founded by a controversial priest who also runs Radio Maryja, a station that has been reprimand by the Vatican for fomenting anti-Semitism. Members of the ruling Law and Justice party say they want to earmark 20 million zlotys from this year's budget for...

  • MADRID— Spain's Princess Cristina has lost a legal battle to avoid being tried for tax fraud and is expected to testify next month in a corruption trial also featuring her husband and 16 other defendants, a panel of judges ruled Friday. Lawyers for the sister of King Felipe VI, a prosecutor and a state attorney representing Spanish tax authorities all said...

  • WASHINGTON— President Barack Obama sought to showcase progress on his watch on closing the pay gap for women while keeping up the pressure on business, Congress and individuals to tackle an issue he said was still far from being solved. In recent years, the pay disparity has narrowed slightly, but a woman in the U.S. still makes 79 cents to a man's dollar, the White...

  • WASHINGTON— Republican presidential contenders let fly with some inaccuracies when they badmouthed the Obama administration on health care, military readiness and pay for construction workers in their latest debate. And from his own event a few miles away in Des Moines Iowa, debate no-show Donald Trump greatly exaggerated the U.S. trade deficit with China.

  • Chris Christie's 2011 decision to spend $1.8 billion on road repairs now at the center of a New York lawsuit:. Chris Christie's decision to take $1.8 billion from a bistate agency to fix state roads might cause legal problems. But the Port Authority's spending on Pulaski repairs is also being challenged by an airline, probed by the Federal Aviation...