Legislation Regulations

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  • DETROIT— U.S. auto safety regulators are in talks with Takata Corp. to add tens of millions of air bag inflators to what already is the biggest auto recall in American history, three people briefed on the matter said Tuesday. The government's National Highway Traffic Safety Administration wants the Japanese company to agree to a recall that could more than...

  • WASHINGTON, May 3- Under pressure from U.S. regulators, Japanese air bag manufacturer Takata Corp is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, three sources briefed on the matter said on Tuesday. The expanded recall will be phased in over several years and more than double what is...

  • LOS ANGELES, May 3- Anti-trust concerns are preventing corporations from pursuing mergers more than other broad regulatory or economic issues, several senior investment bankers said during a panel on Tuesday at the Milken Institute's Global Conference. "It's that increasingly high bar that we're seeing from an anti-trust perspective," said Paul Stefanick,...

  • Martin Shkreli, former CEO of Turing Pharmaceuticals LLC., smiles while flanked by Nancy Retzlaff, chief commercial officer for Turing Pharmaceuticals LLC., during a House Oversight and Government Reform Committee hearing on Capitol Hill, February 4, 2016 in Washington, DC.

    Martin Shkreli made an appearance at the U.S. Federal Court in Brooklyn for a hearing related to securities fraud charges.

  • May 3- MetLife Securities Inc will pay $25 million to Wall Street's industry-funded watchdog in a settlement stemming from misconduct related to switching customers' variable annuities, the regulator said on Tuesday. The sanction includes a $20 million fine and $5 million to be paid to customers, the Financial Industry Regulatory Authority said.

  • May 3- The Financial Industry Regulatory Authority has sanctioned MetLife Securities Inc. $25 million in connection with variable annuity sales, the regulator said on Tuesday. The sanction, agreed to in a settlement, includes a $20 million fine and $5 million to be repaid to customers, FINRA said. The fine is FINRA's largest related to variable annuities, the...

  • The companies said in a regulatory filing on Tuesday that the Securities and Exchange Commission had requested additional information about the deal to be included in the proxy statement, which the companies may not mail to shareholders before the SEC completes its review. Williams shareholders need to vote on the transaction, and the SEC must sign off on the...

  • BOSTON, May 3- Alternative asset investment manager Och-Ziff Capital Management Group LLC reported a first-quarter loss on Tuesday after taking a $200 million reserve as it moves closer to settling bribery charges with the U.S. government. The largest publicly traded U.S. hedge fund posted a distributable loss of $142.5 million, or 27 cents a share, compared...

  • Great tech companies should be public: Fred Wilson

    Fred Wilson, Union Square Ventures founder, shares his thoughts on tech company IPOs. Having companies go public explodes ecosystems around them, says Tim Armstrong, AOL chairman & CEO. And Wilson provides his outlook on Apple. The future of technology is in the cloud, says Wilson.

  • Creating tech-friendly policies in NYC

    Fred Wilson, Union Square Ventures founder, and AOL CEO Tim Armstrong, talk about lobbying for more tech-friendly policies in New York City. Also Wilson weighs in on why it makes sense to have rules about what Uber can do.

  • BEIJING, May 3- China's banking regulator, in a move to rein-in the rapidly growing' shadow loans' industry, has told commercial lenders to properly account for lending products that may appear on their balance sheets as lower-risk investments. The size of China's' shadow loan' book rose by a third to $1.8 trillion in the first half of 2015, equivalent to 16.5...

  • LONDON— Two firms have expressed interest in buying the available assets of Tata Steel UK, setting up rival bids that could help revive the troubled industry in Britain. Commodities trading firm Liberty House said Tuesday it has submitted a letter of intent to bid for Tata Steel's available assets in the U.K., including the massive Port Talbot steel works in...

  • Bank earnings pressure European markets

    CNBC's Julia Chatterley reports shares of UBS are trading lower after reporting disappointing quarterly results.

  • Now's the right time to invest in India: State Bank chair

    Arundhati Bhattacharya, chairman of State Bank of India, says new laws being introduced will enhance the ease of doing business in India.

  • The double whammy of low interest rates and regulations

    Sergio Ermotti, CEO of UBS, explains how low or zero interest rates and capital requirements create a "double whammy" knocking bank revenues.

  • ALBANY, N.Y.— Uber and its opponents in the cab industry are ratcheting up their fight over Uber's proposed expansion in New York state. The app-based ride-hailing service on Tuesday is releasing a survey it commissioned which found broad support for its plans to operate outside of New York City. The moves come as lawmakers prepare to consider regulations which...

  • May 2- Bank of America Corp reached a $190 million settlement with a federal home loan bank over four mortgage-related complaints, according to a securities filing on Monday. The bank had accrued "substantially all" of the settlement amount previously, Bank of America said in a filing with the U.S. Securities and Exchange Commission. The litigation was started by...

  • May 2- Bank of America settled four mortgage-related complaints brought against it by the Federal Home Loan Bank of Seattle, Bank of America disclosed in its quarterly earnings filing on Monday with the Securities and Exchange Commission. "Substantially all" of the $190 million settlement was previously accrued, the bank stated in its filing.

  • MEXICO CITY, May 2- Mexico's federal competition commission approved Aeromexico's $1.5 billion joint venture with Delta Airlines with certain conditions, Aeromexico said in a filing on Monday. One of Cofece's conditions is that eight pairs of slots in the Mexico City airport must be given up, Aeromexico said in a filing to Mexico's stock exchange.

  • WASHINGTON, May 2- Businesses better have good evidence to back up claims of health benefits from their products, the U.S. Federal Trade Commission said on Monday after the Supreme Court rejected POM Wonderful's challenge to FTC findings that the juice maker's advertising was misleading. The Supreme Court left in place a lower-court ruling that largely...