Legislation Regulations

  • WASHINGTON/ TOKYO, Sept 24- Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal Takata report released by U.S. regulators on Friday. In the United States, nearly 70 million inflators have been declared defective. In one event detailed in the...

  • The SEC separately charged a third director, former New York Republican Party Finance Committee Chairman Matthew T. Mellon II, for failing to file timely reports on his stock trades. "We are disappointed that the SEC would pursue such a ridiculous claim." The SEC said the three directors were not participants in the alleged fraud at Moon River Studios.

  • The Food and Drug Administration cleared a near-copy of the drug, dubbed Amjevita, developed by Amgen Inc. Regulators approved the drug for more than a half-dozen conditions listed on the original drug's label, including severe psoriasis and Crohn's diseases. But currently only one biosimilar cleared by the FDA approval pathway is actually on the market in...

  • WASHINGTON, Sept 23- Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal Takata report released by U.S. regulators on Friday. The National Highway Traffic Safety Administration released a series of reports into Takata's defective air...

  • A UPS Delivery Drone.

    UPS began testing delivery drones this week, but Oppenheimer analyst Andrew Uerkwitz said Friday there are several concerns with drones delivering packages.

  • Former Governor of New York, David Patterson.

    The SEC charged former New York Governor David Paterson and Charles Koppelman on Friday for not reporting stock trades in a startup movie company in a timely manner.

  • Sept 23- Alaska Air Group Inc agreed this week to give the U.S. Justice Department additional time to review its merger with Virgin America Inc, but the deal is still on track to close in the early part of the fourth quarter, an Alaska spokeswoman said Friday. Alaska Airlines reached an understanding with the U.S. regulator earlier this year not to close the merger...

  • WASHINGTON, Sept 23- Japanese air bag supplier Takata Corp said it failed to inform U.S. auto safety regulators of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal report released on Friday. The National Highway Traffic Safety Administration released a series of reports into Takata's defective air bag inflators, which have...

  • UPS's medical emergency at the Children's Island summer camp off the Massachusetts coast was fictional. Amazon.com Inc is focusing on tests abroad, but UPS and others want to win over the U.S. Federal Aviation Administration, whose primary concern is safety. The FAA's rules published on Aug. 29 dictate conditions for commercial drones.

  • WASHINGTON, Sept 23- Japanese supplier Takata Corp said its U.S. arm, not the parent company, was largely responsible for designing, testing and producing tens of millions of defective air bag inflators, according to an internal report released on Friday by U.S. safety regulators. The National Highway Traffic Safety Administration released a series of reports...

  • WASHINGTON— Commerce Department releases new home sales for August, 10 a.m.. WASHINGTON— Commerce Department releases durable goods for August, 8:30 a.m.; Federal Reserve Chair Yellen testifies to House Financial Services Committee about bank regulation, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department...

  • SALT LAKE CITY— A Salt Lake City company specializing in the little-known business of tracking down heirs to unclaimed inheritances pleaded not guilty Friday in a federal antitrust case that's part of a wider U.S. Department of Justice probe into the industry. Kemp& Associates is accused of conspiring with fellow heir-tracking companies for more than 14...

  • NEW YORK, Sept 23- A federal judge has ordered the U.S. Commodity Futures Trading Commission to justify why a settlement with Deutsche Bank AG in a case over the bank's handling of swap reporting is fair and in the public interest. District Judge William Pauley in Manhattan said in an order on Thursday that while regulatory agencies like the CFTC should be...

  • FRANKFURT, Sept 23- Deutsche Bank is going for long-term solutions rather than quick fixes in setting up its new compliance team to ensure the bank can put behind it the problems that have cost it billions of euros in fines, the bank's regulatory boss said. Germany's biggest bank is also fighting a $14 billion demand from the U.S. Department of Justice to settle a...

  • In a report published last month, Japan's Fair Trade Commission said that NTT Docomo, KDDI Corp and Softbank Group were refusing to sell older surplus iPhone models to third party retailers, thereby hobbling smaller competitors. Both iPhone 7 and Samsung's Galaxy S7 edge model sell for 93,960 yen under Docomo's main service package without any contract, but...

  • LONDON, Sept 23- Britain's HSBC is seeking to release billions of dollars of capital tied up in the United States without upsetting the country's politicians and regulators, senior sources at the bank said. HSBC, which has been in the sights of U.S. regulators over breaching anti-money laundering rules, has more than $20 billion of capital in the United States...

  • BRIEF-GSK FILES REGULATORY SUBMISSIONS IN U.S. *GSK announces regulatory submissions for subcutaneous formulation of Benlysta for patients with systemic lupus disease. *Has filed regulatory submissions in US and Europe for Benlysta.

  • According to the lawsuit by the states, Indivior told the FDA that it planned to offer a new "sublingual film," or dissolvable strip version of the drug, which had been licensed to Indivior by MonoSol Rx. The lawsuit claims that the company persuaded the FDA to approve the strip by raising concerns that the tablet posed high exposure risks to children.

  • SYDNEY, Sept 23- Australia's top two pension funds have made a joint indicative offer to buy a majority stake in the country's biggest electricity network, a month after bids from Chinese and Hong Kong interests were rejected on security grounds. The unsolicited approach for a 50.4 percent stake in Ausgrid was made by IFM Investors, which invests on behalf of 29...

  • BERLIN, Sept 22- International airlines have requested antitrust immunity from the United States to allow them to discuss routes to Venezuela, which is blocking ticket revenues from leaving the country, the International Air Transport Association said on Thursday. Airlines have around $3.8 billion in revenues trapped in Venezuela due to currency controls.