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Legislation Regulations

  • LONDON, April 29- Japan's Shinzo Abe called on Prime Minister Theresa May to ensure a smooth transition for business as the United Kingdom leaves the European Union, to avoid a cliff edge where rules and regulations for firms change overnight. A day after talks with May at her country residence at Chequers outside London, the leader of the world's third largest...

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • BOSTON, April 28- The Massachusetts attorney general sued a unit of Ocwen Financial Corp on Friday, accusing the mortgage servicing company of engaging in abusive practices that harmed thousands of homeowners in the state. The lawsuit, filed in Suffolk County Superior Court, came a week after the U.S. Consumer Financial Protection Bureau, the Florida attorney...

  • April 28- Twitter Inc Chief Executive Jack Dorsey snapped up more than half a million of the company's shares for about $9.5 million, a regulatory filing on Friday showed. Dorsey bought 574,002 Twitter shares in multiple transactions at prices ranging between $16.47 and $16.74 per share, according to the filing. http://bit.ly/2oUhQFO. That adds to the roughly...

  • The Food and Drug Administration on Friday approved the drug for adults with acute myeloid leukemia who have a genetic mutation called FLT3. The drug's maker, Novartis Pharmaceuticals Corp., said it is the first new medicine for the blood cancer in 25 years. Novartis said the list price will be $14,990 for four weeks of treatment.

  • WASHINGTON, April 27- Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states. Currently, the resolutions only require simple majorities to pass both...

  • NEW YORK, April 28- Health insurers seeking regulatory approval for 2018 individual insurance plans can file two sets of premium rates as a way to deal with market uncertainty created by Republicans' promise to repeal and replace Obamacare, a California state insurance regulator said on Friday. California Insurance Commissioner Dave Jones told insurers in a...

  • Trump's promise to manufacturers

    Jay Timmons, National Association of Manufacturers CEO, discusses the organization's view on how helpful President Trump has been for the manufacturing industry so far.

  • MONTREAL/ NEW YORK April 28- Bombardier Inc shares fell as much as 5.45 percent on Friday after Boeing Co sought a U.S. anti-dumping probe against the company, adding to growing trade tensions between the United States and Canada. Boeing's actions came days after the Commerce Department imposed duties averaging 20 percent on imports of Canadian softwood...

  • BRUSSELS, April 28- EU antitrust regulators scrapped on Friday an investigation into Faurecia, Germany's Eberspaecher Group and TenneCo of the United States, three years after raiding the auto suppliers and others on suspicion of anti-competitive practices. The European Commission said at the time of the raids in March 2014 they were concerned the...

  • WASHINGTON, April 28- A U.S. appeals court on Friday granted a Trump administration request to put on hold a legal challenge by industry and a group of states to former President Barack Obama's regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo. A 10- judge panel of the U.S....

  • WASHINGTON, April 27- Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states. Currently, the resolutions only require simple majorities to pass both...

  • WASHINGTON, April 28- A U.S. appeals court on Friday granted a Trump administration request to put on hold a legal challenge by industry and a group of states to former President Barack Obama's regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo.

  • Jes Staley, CEO of Barclays

    Barclays chief Jes Staley has admitted he “made a mistake” after his attempts to unearth the identity of a whistleblower resulted in regulatory investigation, according to Reuters reports.

  • Now, in Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline- Enbridge Inc.' s aging Line 5, which crosses the Straits of Mackinac. It also delivers about half the propane used to heat Michigan homes. The unprecedented demands to move an existing pipeline present steep political and regulatory...

  • WASHINGTON— The Trump administration has successfully delayed a legal fight over enforcing Obama-era restrictions on pollution from coal-fired power plants. The U.S. Court of Appeals for the District of Columbia Circuit on Thursday granted a request from the Environmental Protection Agency to postpone a planned hearing on 2012 rules requiring energy...

  • WASHINGTON, April 27- The Federal Trade Commission gave a private equity firm approval on Thursday to sell to Dollar General Corp 323 stores that Sycamore purchased as part of a divestiture package two years ago, the agency said on Thursday. Sycamore Partners II, LP bought the stores in 2015 when Dollar Tree was forced to sell shops in 35 states to win antitrust...

  • April 27- Biomarin Pharmaceuticals Inc said the annual price for its drug, which won U.S. approval on Thursday, to treat a rare and fatal type of pediatric brain disease is expected to be $486,000 after mandatory government discounts and rebates. The Food and Drug Administration approved Brineura, an enzyme replacement therapy, for patients aged 3 and older to...

  • WASHINGTON, April 27- The Federal Trade Commission gave Sycamore Partners II, LP approval on Thursday to sell Dollar General Corp 323 stores that Sycamore purchased as part of divestiture package two years ago, the agency said on Thursday.

  • April 27- Those who remember the collapse of the housing bubbles in Britain and the U.S. might want to tune in to the saga of troubled Canadian alternative lender Home Capital Group Inc.. HCGs stock price fell nearly 60 percent on Wednesday, following the launch of an investigation by Canadian regulators into allegations it misled investors, a rush to the exit by...