LONDON, Feb 7- The chairman of an influential committee of British lawmakers has asked finance minister George Osborne to make clear that banks should not be able to offset regulatory fines against their corporation tax bills. Tyrie, who chairs Britain's Treasury Select Committee, also requested clarification from Osborne that settlements reached with...» Read More
Irwin Latner, hedge-fund lawyer and partner at Herrick Feinstein, told CNBC’s “Morning Call” that the risk of over-regulating hedge funds is now greater than the need for more controls. ... But Christian Weller, senior economist at the Center for American Progress, said Congress is simply gathering information to assess the risk posed by hedge funds.
This week, CNBC is counting down America’s Top States for Business. On Monday, CNBC’s Scott Cohn reported from No. 5: North Carolina, a right-to-work state. On “Power Lunch,” Mark Mix, president of the National Right to Work Committee, and Marybeth Maxwell, director of American Rights at Work, joined Cohn and CNBC’s Bill Griffeth to debate whether non-union states are better for business.
A senior scientist at Consumers Union told "Squawk Box" that the U.S. regulators need to step-up inspections of food coming from China, particularly seafood.
Britain's financial watchdog has found poor practice by intermediaries and lenders in the U.K. subprime mortgage market and has launched enforcement action against five firms, it said on Wednesday.
Filmmaker Michael Moore, whose movie "Sicko" opens Friday, told CNBC that he's urging investors to dump shares of health insurers and health maintenance organizations because "people don't need a middleman between the doctor and the patient."
U.S. Treasury Secretary Henry Paulson said it would be unwise and dangerous to single out hedge funds and private equity when revising the tax code.Speaking at the Wall Street Journal's Deals and Dealmakers Conference, which was shown live on CNBC.com, Paulson said proposals in Congress to boost the tax rate on hedge funds and private equity firms to 35% from 15% ignore the economic benefits of partnerships.
International concerns over China's food safety problems have increased, though one advisor said the U.S. must still look after its trading partner. "China is a natural ally of the United States. We should not make it otherwise," Robert Kuhn, senior advisor at Citigroup said on "Power Lunch."
The U.S. Securities and Exchange Commission has opened 12 enforcement investigations into matters surrounding collateralized debt obligations (CDO), the agency's leader told a Congressional panel.
Senators reached agreement on a proposal to increase automobile fuel economy standards to 35 miles per gallon, the first significant boost demanded of automakers in nearly 20 years.
Prime Minister Tony Blair said Wednesday that there are legitimate concerns about the level of tax paid by private equity companies and their executives, which the government is studying.
Federal antitrust regulators have cleared Cerberus Capital Management's $7 billion purchase of Chrysler, people close to the deal said.
A debate continues in the Senate over the energy bill that could bring massive changes to the current U.S. energy policy. On “Morning Call,” Christopher Horner, author of “The Politically Incorrect Guide to Global Warming and Environmentalism,” and David Hamilton, director of the Sierra Club’s Global Warming & Energy program, debated which party has the best policy.
The U.S. International Trade Commission ordered a ban on Thursday of some imported cell phone models containing Qualcomm chips that infringe on a Broadcom patent.
A U.S. appeals court overruled regulators who decided that expletives uttered on broadcast television violated decency standards, a major victory for TV networks.
Regulators postponed a decision Friday on revoking the license of BP's Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon.
New York Gov. Eliot Spitzer, who rose to political prominence by uncovering wrongdoing on Wall Street, Tuesday proposed overhauling how the state oversees financial firms to reflect their consolidation.
China's former top drug regulator was sentenced to death in an unusually harsh punishment for taking bribes to approve substandard medicines, including an antibiotic blamed for at least 10 deaths.
The Federal Reserve will consider whether new regulations could curtail lending practices that have contributed to a rise in mortgage delinquencies, Fed Chairman Ben Bernanke said in a letter released on Friday.
The British government ordered the country's competition watchdog on Thursday to carry out a full inquiry into British Sky Broadcasting's purchase of a significant stake in commercial broadcaster ITV.
The U.S. Securities and Exchange Commission approved new guidance to help companies comply with what critics say is a burdensome and costly provision of the Sarbanes-Oxley corporate reform law.