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Legislation Regulations

  • Uber's drawings of 3-D sensors contained Alphabet's trade secrets, the lawsuit claims.

  • WASHINGTON, Feb 23- U.S. regulators joined their European counterparts on Thursday and granted some last-minute relief on a swaps rule, after the derivatives industry said it was overwhelmed with record-keeping requirements by the rule coming online next week aimed at driving down risk in the financial system. The country's banking regulators- the Federal...

  • WASHINGTON, Feb 23- The Financial Stability Oversight Council, made up of the heads of the U.S. financial regulatory agencies, will meet on March 2, according to a notice from the Treasury Department on Thursday. The preliminary agenda for the first FSOC meeting called by newly confirmed Treasury Secretary Steve Mnuchin includes "an update on the annual...

  • Feb 23- Baidu Inc reported a second straight drop in quarterly revenue as regulatory scrutiny into healthcare and related advertisements continued to take a toll on the Chinese internet search giant. The company's revenue fell 2.6 percent to 18.21 billion yuan in the fourth quarter ended Dec. 31 from 18.70 billion yuan a year earlier. Net income fell 83.3...

  • Feb 23- Royal Bank of Canada is in a court battle with a former executive it dismissed after moving him to the Bahamas where it could continue a lucrative trading business hindered by U.S. regulations. The dispute, according to court documents, centers on whether the former executive, Tebogo Phiri, has the right to valuable intellectual property such as data and...

  • Feb 23- Royal Bank of Canada is in a court battle with a former executive it dismissed after moving him to the Bahamas, where it could continue a lucrative trading business hindered by U.S. regulations by using a little-known exception for foreign banks. The dispute, according to court documents, centers on whether the former executive, Tebogo Phiri, has the right...

  • Feb 23- Royal Bank of Canada is in a court battle with a former executive it dismissed after moving him to the Bahamas, where it could continue a lucrative trading business hindered by U.S. regulations by using a little-known exception for foreign banks. The dispute, according to court documents, centers on whether the former executive, Tebogo Phiri, has the right...

  • Cuggino on markets: There's a timeline on this optimism

    Steve Massocca, Wedbush Equity Management CIO, and Michael Cuggino, Permanent Portfolio Funds portfolio manager, discuss whether the Trump administration is driving the market rally.

  • PORTLAND, Maine— An executive order by President Donald Trump designed to radically cut back on federal regulations has spurred disagreement among fishermen about how it will affect them— and lawmakers and regulators aren't sure what the answer is. Several fishing groups, ranging from the Alaska Longline Fishermen's Association to the Massachusetts...

  • NEW YORK, Feb 23- Chinese telecom equipment maker ZTE Corp has been granted a slightly longer reprieve from export restrictions imposed by the U.S. government as it seeks to resolve a probe of alleged violations of U.S. sanctions on Iran. But the latest window is smaller than earlier 90- day reprieves granted by the Commerce Department, which keeps the pressure on...

  • Lyft mustache logo

    Lyft added 50 new cities on Thursday, including Topeka, Bismarck, Cedar Rapids, Des Moines, Columbus and Birmingham.

  • NEW YORK, Feb 23- Chinese telecom equipment maker ZTE Corp has been granted a new reprieve from export restrictions imposed on the company by the U.S. government. In an online posting on Thursday, the U.S. Commerce Department extended ZTE's temporary export license until March 29. The extension allows U.S. firms to continue to supply the Chinese company with...

  • LONDON, Feb 23- Three of the world's biggest exchanges are launching precious metals contracts in London this year, each aiming for a chunk of the city's $5- trillion- a-year gold business. The London Metal Exchange, CME and ICE see an opportunity as increasing regulatory scrutiny is raising costs for banks trading gold over the counter in bilateral deals.

  • Tourists take a picture with the market bull near the New York Stock Exchange in New York City.

    Anyone wondering whether the business community is behind Trump only needs to look at markets for answers, in the view of Mnuchin.

  • South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called ZAR Domination, a reference to the rand's official currency market code. Local lender Standard Bank, which is also among the 17 named in the...

  • Steven Mnuchin

    The Trump administration appointee said he is "primarily focused on middle-class" tax cuts.

  • *Positive results for Relvar Ellipta lung function study in patients with well-controlled asthma. *Patients randomised to FF/VI taken once-daily maintained lung function versus those randomised to twice-daily FP/SAL, meeting study's primary endpoint. *GSK now intends to submit this data to European Medicines Agency.

  • NEW YORK, Feb 23- Interdealer broker NEX Group Plc, formerly known as Icap, has invested in a RSRCHXchange, a London- based startup that runs an online marketplace for research on stocks, as regulatory changes in Europe and pressure on asset management fees spur innovation in the equity research sector. The company will use the injection of cash develop the...

  • WASHINGTON— When a summer thunderstorm knocked out power to Scott Pruitt's home three years ago, the then-attorney general of Oklahoma reached out to a lobbyist for American Electric Power. The 2013 email exchange is one of dozens reviewed by The Associated Press that underscore the cozy ties between the new head of the Environmental Protection Agency and...