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Legislation Regulations

  • WASHINGTON— President Donald Trump has lost another informal adviser from the business world: billionaire investor Carl Icahn, who gave the White House guidance on its deregulation efforts. Icahn controls a sizable stake in refiner CVR Energy. Icahn also said he was stepping down because he didn't want to cloud the work of Neomi Rao, who as head of the Office of...

  • NEW YORK, Aug 18- Billionaire investor Carl Icahn on Friday said he was ending his role as special advisor to U.S. President Donald Trump after facing criticism that his advice on regulations could help his own businesses. Some Democratic lawmakers and biofuels advocates have argued that Icahn's policy recommendations to the Republican administration...

  • Aug 18- After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo& Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds. Wells, the third-largest U.S. bank, disclosed in a regulatory filing on Aug. 4 that the Consumer Financial...

  • Former JP Morgan trader Javier Martin-Artajo waves as he leaves the National Court in Madrid on November 15, 2013, after his extradition hearing.

    SEC drops case against ex-JPMorgan traders after testimony from the man dubbed "London Whale" proved unreliable.

  • Packaged bottles of Poland Spring water on a conveyer belt.

    A lawsuit claims Poland Spring Water doesn't meet the federal definition of spring water.

  • Legal regulation targetted at how AI will be applied

    Ben Allgrove, partner at Baker & McKenzie, says legal regulation will be targeted at how artificial intelligence is applied, rather than the technology itself.

  • NEW YORK— Federal regulators have proposed a $183.3 million settlement with a student loan company that authorities allege engaged in predatory lending practices. The Consumer Financial Protection Bureau filed a lawsuit and settlement against Aequitas Capital Management, a private equity fund that purchased or funded $230 million in loans to students...

  • Aug 17- The U.S. Food and Drug Administration on Thursday expanded the use of Lynparza, sold by AstraZeneca Plc and Merck& Co Inc, to include ongoing treatment of patients with recurrent ovarian cancer who have responded to platinum-based chemotherapy. The agency also approved a new two-tablet regimen for the drug, regardless of whether patients test positive...

  • Aug 17- CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe of service disruptions at the No. 3 U.S. railroad, saying their complaints were "grossly exaggerated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition this week asked federal rail regulators to investigate CSX's "chronic...

  • Aug 17- The U.S. Food and Drug Administration on Thursday expanded the use of Lynparza, sold by AstraZeneca Plc and Merck& Co Inc, to include ongoing treatment of patients with recurrent ovarian cancer who have responded to platinum-based chemotherapy. The agency also approved a new two-tablet regimen for the drug, regardless of whether patients test positive...

  • A flag waves in front of the headquarters of the Securities and Exchange Commission in Washington, D.C.

    Two lawyers appointed at the SEC have ties to major companies like Goldman Sachs and Wells Fargo, that could complicate regulation.

  • Steven Peikin, the new co-head of enforcement at the SEC, held as much as $9 million worth of stock in dozens of blue-chip companies as of Aug. 8, according to a disclosure filing obtained through a public records request. Should those companies come before the SEC, potential conflicts of interest could arise. Having such conflicts is not unusual for senior SEC...

  • Aug 17- CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe of service disruptions at the No. 3 U.S. railroad, saying their complaints were "grossly exaggerated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition this week asked federal rail regulators to investigate CSX's "chronic...

  • *Suez Canal Economic Zone projects eligible for incentives. CAIRO, Aug 17- Egypt is hoping that long-awaited regulations approved on Thursday to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active within days.

  • Aug 17- CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe into service disruptions at the No. 3 U.S. rail road, saying their complaints were "grossly overstated," according to a letter seen by Reuters on Thursday. The Rail Customer Coalition earlier this week asked federal rail regulators to investigate CSX's "...

  • BOSTON, Aug 17- Mylan NV has finalized a $465 million settlement with the U.S. Justice Department, resolving claims it overcharged the government for its EpiPen emergency allergy treatment, which became the center of a firestorm over price increases. The U.S. Attorney's Office in Massachusetts revealed the accord on Thursday, 10 months after Mylan said it...

  • OSLO, Aug 17- ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator said on Thursday. Discovered in 1969, Ekofisk was the first oilfield to begin production off Norway, kickstarting a period of unprecedented wealth for the nation of 5 million...

  • BISMARCK, N.D.— North Dakota regulators have rescheduled a public hearing on whether the developer of the Dakota Access pipeline violated state rules. The Public Service Commission is looking into whether Energy Transfer Partners removed too many trees and improperly handled some soil during construction of the $3.8 billion pipeline.

  • Australia joins China and Japan in trying to regulate bitcoin and digital currency exchange providers with crackdown on money laundering.

  • *France set for strongest growth since 2011- INSEE. PARIS, Aug 17- France's unemployment rate fell to its lowest level in five years during the second quarter, boosting President Emmanuel Macron as he pushes through reforms to ease employment regulations. Lorne Baring, managing director of Geneva- based investment company B Capital, said the unemployment data...