Legislation Regulations

  • Deutsche Bank will have to raise more capital: Pro

    Richard Clarida, Pimco, weighs in on Deutsche Bank worries as a huge fine looms from the Justice Department. And Clarida draws a distinction between DB's problems and Lehman Brothers.

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Asia Corp Gov

    Asian firms and investors need to get more involved and drive bottom-up corporate governance, says Asian Corporate Governance Association's Jamie Allen.

  • BRUSSELS, Sept 29- U.S. software company Salesforce called on EU regulators on Thursday to investigate antitrust issues related to Microsoft's $26 billion bid for social network LinkedIn. "Salesforce believes this raises significant antitrust and data privacy issues that need to be fully scrutinized by competition and data privacy authorities in the...

  • WASHINGTON, Sept 29- A Chinese industry group making a rare appearance at a U.S. government hearing sought on Thursday to counter arguments that excess aluminum capacity in China threatened American and global producers and processors of the metal. Appearing at the end of a day of submissions at the U.S. International Trade Commission, the officials argued...

  • WASHINGTON, Sept 29- A Chinese industry group making a rare appearance at a U.S. government hearing sought on Thursday to counter arguments that excess aluminum capacity in China threatened American and global producers and processors of the metal. Appearing at the end of a day of submissions at the U.S. International Trade Commission, the officials argued...

  • Corporate Governance

    Improved corporate governance in emerging market economies may help shield them better from global financial shocks, says IMF's Gaston Gelos.

  • Bank Stocks

    Both Wells Fargo and Deutsche Bank are driving risk-off sentiment in financial markets, says Manulife AM's Nathan Thooft.

  • CHARLOTTE, N.C.— North Carolina regulators are allowing Duke Energy to expand from being the country's largest electricity company to selling natural gas. Duke Energy Corp. said in a statement Thursday that the North Carolina Utilities Commission has allowed its acquisition of Piedmont Natural Gas Co. The regulatory approval is the last needed for the deal.

  • Sept 29- Hedge fund Och-Ziff Capital Management Group LLC will pay over $400 million and Chief Executive Officer Daniel S. Och will pay another $2.2 million to resolve civil and criminal charges related to bribing officials in several African countries, U.S. prosecutors and regulators said on Thursday. As part of a deal with the Justice Department, Och-Ziff...

  • BRUSSELS, Sept 29- U.S. software company Salesforce called on EU regulators on Thursday to investigate antitrust issues related to Microsoft's $26 billion bid for social network LinkedIn. "Salesforce believes this raises significant antitrust and data privacy issues that need to be fully scrutinized by competition and data privacy authorities in the...

  • WASHINGTON— A former Delta Air Lines Inc. executive will pay more than $5 million to settle charges that he profited improperly by manipulating trades in energy futures. The Commodity Futures Trading Commission said Thursday that Jon P. Ruggles would give up $3.5 million in ill-gotten profits and pay a $1.75 million civil penalty. Ruggles, of Orlando, Florida,...

  • Och-Ziff also plans to enter into a differed prosecution agreement with the U.S. Department of Justice later Thursday to resolve related criminal charges in federal court in Brooklyn and pay an additional $213 million fine, according to the Securities and Exchange Commission. The SEC said Chief Financial Officer Joel Frank agreed to settle civil charges.

  • WASHINGTON, Sept 29- Hedge fund Och-Ziff Capital Management Group LLC will pay about $200 million and Chief Executive Officer Daniel S. Och will separately pay another $2.2 million to settle civil charges related to bribing foreign officials, U.S. regulators said Thursday. The Securities and Exchange Commission said that Chief Financial Officer Joel Frank,...

  • PORTLAND, Maine— Interstate fishing regulators are working on a new plan to manage the monkfish fishery on the East Coast. The New England Fishery Management Council has initiated a plan to create new fishing specifications for the fish for the next three years. Fishermen catch monkfish from Maine to North Carolina, though most are brought ashore in...

  • Sept 29- Alcobra Ltd's market value more than halved on Thursday, a day after the company said the U.S. Food and Drug Administration had placed a hold on its lead experimental drug. Shares of the Israel- based company fell as much as 58 percent to a record low of $1.95. The disorder affects about 4.1 percent of American adults aged 18 and above in a given year, and 9...

  • FRANKFURT, Sept 29- Britain will have no choice but to stick with European Union banking laws when it leaves the bloc to avoid blowing a "huge hole" in its regulatory system, a financial industry lobbyist said on Thursday. This would blow a huge hole in Britain's regulatory system, "Bishop, who sits on the executive committee of the Financial Services Negotiation...

  • Sept 29- Chesapeake Energy Corp said it received a subpoena from the U.S. Department of Justice seeking information on the accounting methodology for the acquisition and classification of oil and gas properties. Chesapeake had also received subpoenas from the DoJ, the U.S. Postal Service and states, seeking information on how the company pays royalties to...

  • The Federal Communications Commission also wanted to promote gadgets that would let people search easily for video from online services such as Netflix and YouTube, not just TV channels. The FCC's plan could make it easier to find TV shows and movies from sources other than cable, putting further pressure on the TV industry. Jessica Rosenworcel, one of the...

  • Fed's George: Economy would still grow with rate hike

    Kansas City Fed President Esther George shares her outlook on the economy and makes her case for an increase in interest rates.