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Legislation Regulations

  • *Hejun Vanguard Group filed two complaints with MOFCOM. HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. Beijing- based Hejun Vanguard Group, a...

  • Andrew Puzder, CEO of the company that owns Carl's Jr. and Hardee's, on Wednesday withdrew his nomination to head the Labor Department, which is charged with protecting workers' rights and welfare. Although the wage increases many restaurant operators have dealt with were enacted at the state or local level, Obama's Labor Secretary's Tom Perez had been a...

  • Feb 15- Anthem Inc on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust regulators. Judge Travis Laster of Delaware's Court of Chancery granted the temporary order, saying it would keep the deal together so Anthem...

  • pollution

    The president intends to sign the actions during a visit to the Environmental Protection Agency headquarters to swear in Scott Pruitt.

  • Charlie Munger, Berkshire Hathaway

    Munger believes Wells Fargo will survive its cross-selling scandal, though he said the company was too slow to correct what it did wrong.

  • CALGARY, Alberta, Feb 15- The Alberta Energy Regulator suspended licences on all oil and gas well facilities and pipelines belonging to Lexin Resources Ltd on Wednesday, nearly doubling the number of orphaned wells in Canada's main crude-producing province. Calgary- based Lexin also owes more than C $1 million to Alberta's orphan fund and more than C $70...

  • CALGARY, Alberta, Feb 15- The Alberta Energy Regulator suspended licenses on all oil and gas well facilities and pipelines belonging to Lexin Resources Ltd on Wednesday, nearly doubling the number of orphaned wells in Canada's main crude-producing province. Calgary- based Lexin also owes more than C $1 million to Alberta's orphan fund and more than C $70...

  • Feb 15- Currency broker FXCM Inc, which was banned last week from operating in the United States, said on Wednesday its non-U.S. monthly trading volume rose 18 percent to an estimated $253 billion in January from December. FXCM was banned last week by the U.S. Commodity Futures Trading Commission from doing business in the United States for betting against its...

  • CALGARY, Alberta, Feb 15- The Alberta Energy Regulator suspended licenses on all oil and gas well facilities and pipelines belonging to Lexin Resources Ltd on Wednesday, nearly doubling the number of orphaned wells in Canada's main crude-producing province. Calgary- based Lexin also owes more than C $1 million to Alberta's orphan fund and more than C $70...

  • CALGARY, Alberta, Feb 15- The Alberta Energy Regulator suspended licences on all oil and gas well facilities and pipelines belonging to Lexin Resources Ltd on Wednesday, nearly doubling the number of orphaned wells in Canada's main crude-producing province. Calgary- based Lexin also owes more than C $1 million to Alberta's orphan fund and more than C $70...

  • In separate rulings, federal judges struck down both deals as anticompetitive, at the request of the Justice Department. Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem's lawsuit, which was also filed in...

  • Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee February 14, 2017 in Washington, DC.

    CNBC's Steve Liesman highlights Fed Chair Janet Yellen's testimony on Capitol Hill.

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Commission, which investigates anti-trust practices, said it had referred the case for prosecution to the...

  • A stop sign stands outside the Environmental Protection Agency (EPA) building in Washington, DC.

    Rep. Matt Gaetz's bill to eliminate the EPA became available after reports of the effort stirred consternation on social media.

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Competition Commission said it had concluded an investigation into whether banks colluded by using an instant...

  • SAO PAULO, Feb 15- Grupo BTG Pactual SA will keep high capital ratios in coming quarters to prepare Latin America's No. 1 independent investment bank to grow in core activities, following a dramatic balance sheet downsizing last year, Chief Executive Officer Roberto Sallouti said on Thursday. The regulatory capital ratio at BTG Pactual's core banking unit rose...

  • Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. President Donald Trump and Republicans have vowed to repeal and replace Obamacare, the national healthcare reform law that created new individual insurance and...

  • President Donald Trump's vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverage for pricey new medicines. The prospect of big change at the regulatory agency comes as drugmakers are under fire for...

  • Cigna also filed a lawsuit in Delaware on Tuesday, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem in its lawsuit, which was also filed in Delaware, is seeking a temporary restraining order to prevent Cigna from ending the deal, arguing there is...

  • President Donald Trump's vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverage for pricey new medicines. The prospect of big change at the regulatory agency comes as drugmakers are under fire for...