Legislation Regulations

  • Drone Racing Event Held On New York City's Governors Island

    The last few years have seen drones become an increasingly common sight in our skies.

  • LONDON, Feb 20- Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion takeover of Walmart's Asda, saying it was unlikely the companies would be able to address its "extensive" concerns about the deal. "Close to the worst possible outcome," said Bernstein analyst Bruno Monteyne. Sainsbury's, Britain's...

  • *FTSE 100 up 0.1 pct. Feb 20- Britain's FTSE 100 rose as Lloyds gained after promising to return cash to shareholders and optimism prevailed around the China-U.S. trade talks, while Sainsbury's slumped after regulators objected to its takeover of Walmart's Asda. The FTSE 100 was up 0.1 percent and the FTSE 250 up 0.2 percent by 0951 GMT.

  • LONDON, Feb 20- Britain's competition regulator has dealt a potentially fatal blow to Sainsbury's planned $9.5 billion takeover of Walmart's Asda, saying it was unlikely the companies would be able to address its "extensive" concerns about the deal. "Close to the worst possible outcome," said Bernstein analyst Bruno Monteyne. Sainsbury's, Britain's...

  • LONDON, Feb 20- Britain's competition regulator said on Wednesday Sainsbury's planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale of a significant number of stores, or even one of the brands. In a major blow to the companies' plans to create Britain's biggest supermarket group, the Competition and Markets Authority...

  • LONDON, Feb 20- Britain's competition regulator said Sainsbury's $9.5 billion takeover of Walmart-owned Asda should either be blocked entirely or require the sale of a significant number of stores, or even one of the brands. The Competition and Markets Authority said on Wednesday its current view was "that it is likely to be difficult for the companies to...

  • BRUSSELS, Feb 19- Facebook is not currently in EU regulators' crosshairs but it may well be in future because of the crucial role played by data, Europe's antitrust chief said on Tuesday. European Competition Commissioner Margrethe Vestager's comments came two weeks after the German cartel office ruled that the world's largest social network abused its...

  • The company's shares rose 32 percent to $145.98 before the opening bell. The study was required to achieve one of the two main goals, as agreed with the U.S. Food and Drug Administration in order to meet the primary objective, the company said. Intercept said it intends to file for regulatory approval in the United States and Europe in the second half of 2019..

  • Feb 19- A non-opioid painkiller developed by Pfizer Inc and Eli Lilly and Co succeeded in reducing chronic low back pain when used in a stronger dose, results from a late-stage study showed on Tuesday. But a lower dose of the drug, tanezumab, failed to alleviate pain when compared with a placebo, the companies said in a statement. U.S. health regulators have been...

  • Some 200 billion euros of suspicious payments from Russia and other states flowed through the Estonian branch of Danske Bank, which is already being investigated in Denmark, Estonia, Britain and the United States, between 2007 and 2015.. This has raised questions about supervision of the Danish bank, prompting the EU's executive European Commission to ask the...

  • Facebook CEO, Mark Zuckerberg

    A new report published by U.K. lawmakers Monday after an 18-month investigation found Facebook "intentionally and knowingly" violated data privacy and anti-competition laws.

  • LONDON, Feb 18- Facebook is "open to meaningful regulation", it said on Monday after British lawmakers said that big technology companies should be subject to a compulsory code of ethics to tackle the spread of fake news and abuse of users' data. "We are open to meaningful regulation and support the committee's recommendation for electoral law reform," said...

  • WASHINGTON, Feb 17- The U.S. Commerce Department sent a report on Sunday to U.S. As the White House received the report, the industry unleashed what is expected to be a massive lobbying campaign against it. The Motor and Equipment Manufacturers Association, which represents auto parts suppliers, warned that tariffs will shrink investment in the United States at a...

  • WASHINGTON, Feb 14- The U.S. Federal Aviation Administration late Thursday declared Vietnam complies with international safety standards, giving its airlines the opportunity to fly to the United States and codeshare with American carriers. The FAA said the decision means Vietnam complies with international safety standards "and has been granted a...

  • *U.S. stock portfolio shrinks $38 billion amid selloff. Feb 14- Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and software company Red Hat Inc.. The changes were disclosed in a Thursday regulatory filing detailing...

  • WASHINGTON, Feb 14- The U.S. Justice Department said on Thursday it had settled with Learfield IMG College, a unit of Learfield Communications, over allegations it had agreed with smaller rivals to refrain from competing against one another. "IMG and Learfield have agreed or otherwise coordinated to limit competition between one another and between...

  • WASHINGTON, Feb 14- The U.S. Justice Department said on Thursday it had settled with Learfield IMG College, a unit of Learfield Communications, over allegations it had agreed with smaller rivals to refrain from competing against one another. The unit, formed by a merger of Learfield and IMG College, which closed in December, had been accused of failing to compete in...

  • FRANKFURT, Feb 14- Some banks that conduct their euro zone business from London have failed to meet regulators' expectations to move enough staff into other EU countries in time for Brexit, the German bank supervisor Joachim Wuermelling said on Thursday. Brexit makes this an issue in particular for investment banks, which have long used London as their hub.

  • VIENNA, Feb 14- Austria's competition authority has initiated an investigation against Amazon on suspicion that it had violated Austrian and European antitrust law, it said on Thursday. The regulator said it would examine terms and conditions under which the U.S. firm grants Austrian retailers access to its marketplace. "There is a suspicion that Amazon puts...

  • Feb 13- Levi Strauss& Co filed documents on Wednesday to list itself on the New York Stock Exchange, seeking to return to public markets after more than three decades. The 145- year-old company, which intends to list as "LEVI", set a placeholder amount of $100 million to indicate the size of the IPO. It is required to post quarterly earnings with U.S. regulators as it its...