GO
Loading...

Enter multiple symbols separated by commas

Legislation Regulations

More

  • Aug 24- Geico, the auto insurance unit of Warren Buffett's Berkshire Hathaway Inc, agreed to pay $6 million to settle charges it discriminated based on gender, education level and occupation when quoting rates online, the California Department of Insurance said on Monday. The settlement lasts three years and resolves claims first raised by the Consumer...

  • NEW YORK, Aug 24- The U.S. Patent and Trademark Office on Monday rejected an attempt by prominent hedge fund manager Kyle Bass to challenge two patents on Acorda Therapeutics Inc's flagship multiple sclerosis drug, Ampyra. Bass, founder of Dallas- based Hayman Capital Management, has said big companies were improperly extending patent protection in...

  • BISMARCK, N.D.— North Dakota regulators approved the ownership transfer Monday of an unfinished $300 million wind farm project in the southeastern part of the state to a Minneapolis utility. The Public Service Commission approved the transfer of the Courtenay Wind Farm near Jamestown from Edina, Minnesota- based Geronimo Energy to Xcel Energy.

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • But the workers who drive them are inevitably placed in harm's way, "literally waiting to be struck," said Robert Roy, president of Royal Truck& Equipment Inc. in Coopersburg. Two of the autonomous vehicles will make their debut at highway construction sites in Florida by the end of the year under a state Department of Transportation demonstration program.

  • Aug 24- A Charles Schwab Corp unit has agreed to a $2 million civil fine for failing to keep sufficient cash on hand to meet capital requirements on three separate days last year, Wall Street's industry-funded watchdog said on Monday. The regulator also censured the brokerage unit, Charles Schwab& Co., Inc.. The capital deficiencies took place between May 15 and...

  • MINNEAPOLIS— Target Corp. has agreed to pay $2.8 million to settle a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission, the federal agency announced Monday. Three employment assessments formerly used by the Minneapolis- based retailer disproportionately screened out applicants for professional positions based on...

  • NEW YORK— Drugmaker Pfizer says it's received the final regulatory approvals for its $15.23 billion purchase of the injectable drug and infusion device maker Hospira, and says the deal will close in early September. Pfizer said the Federal Trade Commission ordered it to sell four drugs in order to preserve competition. Pfizer said it will help expand...

  • DETROIT, Aug 21- U.S. safety regulators have opened an investigation into air bags on Honda Motor Co's 2008 Accord sedans after 19 complaints of air bags failing to deploy including in a front crash that resulted in an injury, federal officials said on Friday. It appears to be a problem separate from that of combustible air bag inflators made by Takata Corp in Honda...

  • NEW YORK, Aug 20- InterDigital Inc has violated U.S. antitrust law by failing to keep its promise to fairly license its technology considered essential to mobile phone communications, Microsoft Corp said in a lawsuit on Thursday. It comes as the U.S. International Trade Commission is set to rule this month on whether Microsoft smartphones should be banned from...

  • The complaint against InterDigital, filed in federal court in Wilmington, Delaware, comes as the U.S. International Trade Commission is set to rule this month on whether Microsoft smartphones should be banned from import into the United States for infringing two of InterDigital's patents.

  • Nelson Peltz will join board of food distributor Sysco Thursday, 20 Aug 2015 | 5:30 PM ET

    NEW YORK— Activist investor Nelson Peltz's Trian Fund is getting two Sysco board seats after becoming the food distributor's largest shareholder. In June Sysco gave up on a $3.5 billion deal to buy competitor U.S. Foods because antitrust regulators opposed it. PepsiCo, for example, rejected Peltz' push to separate its drinks and snack units.

  • Virginia City saloon owner denied gambling license Thursday, 20 Aug 2015 | 5:04 PM ET

    LAS VEGAS— A California man who bought two saloon casinos in Virginia City will be forced to sell them after Nevada regulators said he was unfit to be involved in the state's gambling industry. The Nevada Gaming Commission unanimously denied Vincent Michael Malfitano a license on Thursday and barred him from being the casinos' landlord. He bought the Delta...

  • Pension advance firms cheat retirees -U.S. lawsuit Thursday, 20 Aug 2015 | 3:00 PM ET

    The lawsuit against Pension Funding LLC and Pension Income LLC was brought by the U.S. Consumer Financial Protection Bureau and the New York State Department of Financial Services. It accused the California- base companies and their principals of duping older Americans, mainly through online pitches, from 2011 through last December into redirecting...

  • WASHINGTON— Federal and New York regulators have sued two companies that make loans against retirees' pensions, saying they deceived consumers about the high rates of the loans. Regulators say that the companies, Pension Funding LLC and Pension Income LLC, used deceptive marketing tactics to target the pensions of seniors and military personnel.

  • Drug industry links run deep in field of sexual medicine Thursday, 20 Aug 2015 | 11:53 AM ET

    WASHINGTON— How do you measure sexual desire? Those questions made the difference for Sprout Pharmaceuticals, which received federal approval Tuesday for Addyi, the first pill for women who suffer from a loss of sexual appetite. Adriane Fugh-Berman of Georgetown University, who organized a petition urging the FDA to reject Addyi.

  • Lawsuits stemming from the FDIC's role as receiver for Austin- based Guaranty Bank, which had bought more than $2.7 billion of the securities, were filed against Citigroup Inc, Bank of New York Mellon Corp and US Bancorp late Wednesday in Manhattan federal court. The FDIC, whose full name is Federal Deposit Insurance Corp, said the banks failed in their role as bond...

  • NAIROBI, Aug 20- Kenya's telecoms regulator said on Thursday that new regulations to prevent large firms abusing their dominant position in the sector are not targeted at Safaricom, the country's biggest operator, or any other company. He denied media reports that the regulations were targeted at Safaricom, which is 40 percent- owned by Britain's Vodafone.

  • Aug 20- Consolidation among U.S. banks, particularly capital-squeezed small- and mid-cap lenders, is set to rise in the next year or two due to persistently low interest rates, RBC banking analyst Gerard Cassidy said. This week, BB&T Corp said it would buy National Penn Bancshares Inc for about $1.8 billion, hot on the heels of regulatory approval for its $2.5...

  • The Internet and telecommunications provider blocked personal mobile hotspots of convention visitors and exhibitors who used their own data plans instead of paying Smart City's fees for Wi-Fi signals, the FCC said. Smart City President Mark Haley said the company has occasionally used technologies to prevent wireless devices from interfering with...