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Legislation Regulations

  • WASHINGTON, April 25- Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months. Orthofix International NV caught one of the analysts' attention in 2012. The Texas- based medical device maker kept hitting ambitious earnings targets...

  • Speaking to Reuters by phone a day ahead of the expected announcement, Ross said that the duties would affect $5 billion worth of softwood lumber imports from Canada. A Commerce Department fact sheet on the pending announcement seen by Reuters shows that West Fraser Mills will pay the highest duties at 24.12 percent, followed by Canfor Corp at 20.26 percent.

  • WASHINGTON, April 24- Wells Fargo& Co has presented the Federal Reserve with a satisfactory plan on how to unwind its business in case of bankruptcy, the U.S. central bank said on Monday. In December, the Fed and Federal Deposit Insurance Corporation notified Wells Fargo that the bank's plan fell short. U.S. taxpayers had to prop up banks that were deemed "too big to...

  • WASHINGTON, April 24- MetLife Inc is asking a U.S. court to put on pause a case over how the government deems certain companies "too big to fail," one of the most significant reforms to come out of the financial crisis, while President Donald Trump's administration finishes reviewing the current regulatory approach. Last week, Trump ordered a review of the Financial...

  • WASHINGTON— Insurance giant MetLife on Monday asked a federal appeals court to put on hold a ruling on whether the government can tag the company as a potential threat to the financial system. Trump last week asked federal regulators to review the decision by the Financial Stability Oversight Council. The government then appealed to the U.S. Court of Appeals...

  • ANCHORAGE, Alaska— A Seattle- based seafood processing company operating in Alaska will be assessed a $1.3 million civil penalty for violating clean air rules under a proposed settlement with the U.S. Environmental Protection Agency and the state of Alaska. Westward Seafoods in 2010 signed a consent decree with EPA and the U.S. Department of Justice and paid a...

  • NEW YORK, April 24- Wells Fargo& Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years. Wells Fargo has been engulfed in scandal since September, when it reached a $190 million settlement with regulators over complaints that its retail...

  • President Donald Trump looks on as Treasury Secretary Steve Mnuchin speaks at a signing ceremony at the Treasury Department in Washington, U.S., April 21, 2017.

    The president has a lot more work to do if he wants to meet the lofty goals he set out for his first 100 days in office.

  • April 24- Canada's Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found, days after regulators accused the company of making "materially misleading statements" to investors. Shares of Canada's biggest non-bank mortgage lender fell as much as 5.7 percent to C $18.15 in morning trading.

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway will step down from the board once a replacement is found, days after regulators accused the company of making "materially misleading statements" to investors. The Ontario Securities Commission on Wednesday issued allegations against Soloway and another former Chief Executive...

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway, who has been accused by regulators of making "materially misleading statements" to investors, will step down from the board once a replacement is found. The Ontario Securities Commission on Wednesday accused Home Capital, Canada's biggest non-bank mortgage lender, of making "...

  • April 24- Home Capital Group Inc said founder and former CEO Gerald Soloway, who has been accused by regulators of making "materially misleading statements" to investors, will step down from the board once a replacement is found. The Ontario Securities Commission on Wednesday accused Home Capital, Canada's biggest non-bank mortgage lender, of making "...

  • WASHINGTON, April 24- The U.S. Transportation Department said on Monday it has granted preliminary approval to St. Louis to explore putting its city-owned airport under private management. The Transportation Department told Reuters it approved the preliminary application of St. Louis Lambert International Airport, owned and operated by the city of St. Louis,...

  • SHANGHAI, April 24- China's major stock indexes fell around 1 percent on Monday, extending last week's sharp drop, after state media signaled Beijing would tolerate more market volatility as regulators clamp down on riskier forms of financing and coax companies to reduce debt. Recent signs of stability in China's economy "have provided a good external...

  • SHANGHAI, April 24- China's major stock indexes fell around 1 percent on Monday, extending last week's sharp drop, after state media signalled Beijing would tolerate more market volatility as regulators clamp down on riskier forms of financing and coax companies to reduce debt. Recent signs of stability in China's economy "have provided a good external...

  • Definitely won’t see a big surge of further regulation in US: Weber

    UBS Chairman Axel Weber talks about the state of banking regulation, with specific discussion on the roll back of Dodd Frank.

  • SAN FRANCISCO, April 21- Apple Inc outlined a plan to train operators of self-driving cars in documents submitted to California regulators earlier this month, the latest clues to the company's autonomous vehicle technology aspirations. Apple was granted a permit to test self-driving cars on April 14 by the California Department of Motor Vehicles but the...

  • The outside of the Food and Drug Administration headquarters is seen in White Oak, Md., on Monday, November 9, 2015.

    South Korea's Samsung Bioepis wins U.S. FDA nod for biosimilar of J&J's Remicade.

  • The U.S. Food and Drug Administration approved Renflexis, developed by Samsung Bioepis Co. of South Korea. Its U.S. partner, Merck& Co. of Kenilworth, New Jersey, will market Renflexis. The first biosimilar for Remicade, Inflectra from New York- based Pfizer Inc., went on sale in November at a 15 percent discount.

  • President Donald Trump ordered the Treasury Department on Friday to examine two powers given to regulators to police large financial companies following the 2008 financial crisis, Treasury Secretary Steven Mnuchin said. In his first visit to the Treasury building, Trump signed two memos that analysts view as largely affirming existing priorities he has...