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Legislation Regulations

  • BEIJING, March 25- A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple's Chinese subsidiary and a local retailer Zoomflight...

  • BEIJING, March 25- A Chinese court has ruled in favour of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple's Chinese subsidiary and a local retailer...

  • RIVERSIDE, Calif., March 24- California on Friday approved vehicle pollution targets that the Trump administration last week put on hold, setting up a potential face-off between federal and state regulators that could be expensive for automakers and a headache for consumers. Board Chair Mary Nichols invited the auto industry to suggest implementation...

  • NEW YORK— A federal judge ruled Friday that UPS ignored "red flags" that its brown trucks were being used to transport untaxed cigarettes from Indian reservations, but stopped short of imposing a $873 million penalty that regulators sought in the civil case. District Judge Katherine B. Forrest in Manhattan found Atlanta- based United Parcel Service Inc. liable...

  • The investors are asking a three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia to reconsider its earlier decision. Fannie Mae preferred gained about 1.6 percent to $6.86 a share while Freddie Mac preferred was up 3.1 percent to $3.17 a share. Instead, the Treasury Department required that the companies pay an amount equal to their...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • *Core capital goods orders slip 0.1 percent in February. WASHINGTON, March 24- New orders for key U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. The Commerce Department said on Friday...

  • Jeff Bezos

    Amazon.com won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago.

  • Samsung drags it feet on restructuring

    Samsung is unlikely to adopt a holding company structure as this would undermine the Lee family's control, warns Nomura's Michael Na.

  • *More electric cars sold in China than rest of world combined. BEIJING, March 24- Chinese automaker Chery Automobile Co Ltd has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.

  • March 23- Amazon.com Inc on Thursday won a more than $1.5 billion tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. Tax Court rejected a variety of IRS arguments, and found that on several occasions the agency abused its discretion, or acted arbitrarily or capriciously. Lauber's decision "should...

  • DENVER— Colorado regulators can put more weight on protecting public health and the environment when they draw up rules for oil and gas drilling, the state's second-highest court said Thursday, giving environmentalists and others a new tool to argue for stricter regulations. However, the ruling in a lawsuit filed by six young plaintiffs could face a review by...

  • WINNIPEG, Manitoba, March 23- The western Canadian province of Saskatchewan will review regulations and engineering standards for pipelines around bodies of water following a Husky Energy Inc oil spill last year into a major river. Husky's July 2016 spill into the North Saskatchewan River forced the cities of Prince Albert and North Battleford to find...

  • NEW YORK/ BOSTON March 23- For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary. But in at least two cases, shareholders withdrew proposals after Goldman...

  • NEW YORK/ BOSTON March 23- For the first time in more than a decade, Goldman Sachs Group Inc has managed to avoid any proxy battles with activist shareholders by convincing investors and securities regulators that voting on several proposed corporate policy changes were unnecessary. But in at least two cases, shareholders withdrew proposals after Goldman...

  • The Food and Drug Administration said it approved Bavencio, known chemically as avelumab, to treat metastatic Merkel cell carcinoma in patients 12 years and older. Richard Pazdur, director of the FDA's Oncology Center of Excellence, said in a statement. About 1,600 people in the United States are diagnosed with MCC every year, according to the National Cancer...

  • The two remaining Republicans in the Senate were absent and did not cast a vote. Senate Majority Leader Mitch McConnell said the Senate was overturning a regulation that "makes the internet an uneven playing field, increases complexity, discourages competition, innovation, and infrastructure investment." In a joint statement, Democratic members of the FCC and...

  • WINNIPEG, Manitoba, March 23- The western Canadian province of Saskatchewan will review regulations and engineering standards for pipelines around bodies of water following a Husky Energy Inc oil spill last year into a major river. Husky's July 2016 spill into the North Saskatchewan River forced the cities of Prince Albert and North Battleford to...

  • WASHINGTON— The Republican-led Senate moved Thursday to undo Obama-era regulations that would have forced internet service providers like Comcast and Verizon to ask customers' permission before they could use or sell much of their personal information. The Federal Communications Commission, then controlled by Democrats, put the regulations in place in...

  • WASHINGTON, March 23- The U.S. Senate on Thursday voted 50 to 48 to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc.. Under the rules approved by the Federal Communications Commission in October under then-President Barack Obama, internet providers...