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Legislation Regulations

  • Uber loses its licence to operate in London

    London's transport regulator on Friday stripped Uber of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app.

  • Sept 22- Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter. The assets identified for sale include Time Customer Service and a majority stake in the Essence magazine, the company said in a regulatory...

  • LONDON, Sept 22- London stripped Uber on Friday of its licence to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world's biggest cities. Regulator Transport for London said Uber's conduct posed risks to public safety and it would not renew its licence when it expires on Sept. 30.

  • LONDON, Sept 22- London stripped Uber on Friday of its license to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world's biggest cities. Regulator Transport for London said Uber's conduct posed risks to public safety and it would not renew its license when it expires on Sept. 30.

  • JOHANNESBURG, Sept 22- A South African business lobby group suspended KPMG from membership on Friday, citing the "gravity" of its conduct over the auditor's work for business friends of President Jacob Zuma. The firm is already being investigated by the country's Independent Regulatory Board of Auditors for its work for the Gupta firms. Meanwhile South...

  • LONDON— Uber will lose its license to operate in London because it may be endangering public safety and security, the local regulator said Friday, in a severe blow to a company already facing big questions over its corporate culture. The company, which has been beset by a litany of scandals over its management style— from accusations of sexism to the illegal use of...

  • SHANGHAI, Sept 22- China's top securities regulator has vowed to crack down hard on misbehavior including market manipulation, insider trading and collusion with "big crocodiles" in the country's capital markets. In a statement on Friday on its website, the China Securities Regulatory Commission said its chairman, Liu Shiyu made the comments at a recent...

  • SAN FRANCISCO, Sept 21- Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world's largest social network over secretive ads that run during election campaigns. Zuckerberg, broadcasting live on Facebook from company headquarters in Menlo...

  • CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8. The Surface Transportation Board, the U.S. rail regulator, is due to host a hearing in Washington, D.C., over CSX's service on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after CSX executives said the railroad had made...

  • The 10th U.S. Circuit Court of Appeals in Denver said it would be a waste of time to rule on the regulations, which govern hydraulic fracturing on federal lands, because the Trump administration has already begun the process of revoking them. The ruling left the status of the regulations unclear, and neither the federal Bureau of Land Management nor its parent...

  • WASHINGTON, Sept 21- Wall Street's top regulator came under fire on Thursday over its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. The breach involved the U.S. Securities and Exchange Commission's EDGAR filing system, which houses...

  • By Lisa Lambert and Patrick Rucker. WASHINGTON, Sept 21- The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with Wall Street, former agency officials and lawyers said this week. The credit-reporting company is subject to five federal laws governing listed companies, the use of...

  • WASHINGTON, Sept 21- Wall Street's top regulator came under fire on Thursday about its cyber security and disclosure practices after admitting hackers had breached its database of corporate announcements in 2016 and may have used it for insider trading. The breach involved Securities and Exchange Commission's EDGAR filing system, which houses...

  • NEW YORK— The Latest on Facebook and the Russia investigation:. The top Democrat on the Senate intelligence panel says he is pleased with Facebook's announcement that the company is going to provide Congress with thousands of ads bought by Russians and increase transparency. The top Democrats on the House and Senate intelligence panels are praising...

  • Customers will be able to air grievances when the Surface Transportation Board, the top U.S. rail regulator, hosts a hearing over CSX's service in Washington on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after top executives said the railroad had made great strides in fixing service problems that gripped its system...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...

  • WASHINGTON, Sept 21- The top U.S. markets regulator has revealed that hackers accessed its corporate disclosure database and may have illegally profited by trading on the information stolen. A: Some time in 2016. The Securities and Exchange Commission determined in August 2017 that the hack may have led to insider trading. A: The SEC has not said who the...