Regulatory News

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FCC to open up valuable airwaves for tech and telecom companies


NEW YORK - U.S. regulators on Friday voted to open a swath of government-controlled airwaves for commercial use by tech and telecom companies such as Verizon Communications Inc and Google Inc as they seek to meet growing data demands from new wireless devices.

Big U.S. investors push SEC for oil industry to detail risks of climate change

WILLISTON, N.D. - Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to their business models.

U.S. proposes higher royalty rates for drilling federal land

WASHINGTON - The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department on Friday.

Breakingviews, 17 Apr 2015

Celestica settles U.S. lawsuit over disclosures for $30 million

NEW YORK - Celestica Inc has reached a $30 million settlement of a long-running U.S. lawsuit in which shareholders alleged that the Canadian electronics company committed securities fraud by misleading them about its financial health and restructuring costs.

Breakingviews 17 Apr 2015

UBS set to beef up compliance with 350 staff - memo

ZURICH - Swiss bank UBS is set to add as many as 350 compliance staff in Nashville and Krakow over the next two to three years, according to a memo seen by Reuters on Friday.

Breakingviews 17 Apr 2015

PwC to pay $65 million to resolve lawsuit over MF Global

NEW YORK - PricewaterhouseCoopers agreed to pay $65 million in cash to settle a lawsuit claiming it fraudulently deceived MF Global Holdings Ltd investors about its auditing of the now-defunct brokerage, which was run by former New Jersey Governor Jon Corzine.

Breakingviews 17 Apr 2015

Bank of America settles currency-rigging lawsuit

NEW YORK - Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market.

Breakingviews 16 Apr 2015

U.S. judge finds Wells Fargo breached 2010 mortgage settlement

NEW YORK - Wells Fargo Bank breached a nationwide 2010 legal settlement involving adjustable-payment mortgages, a federal judge ruled, finding that the bank did not properly evaluate homeowners who applied for help to avoid foreclosures.

Breakingviews, Money 16 Apr 2015

Ex-Wyoming fund exec to replead to insider trading: lawyer

NEW YORK - A former Wyoming Retirement System chief investment officer whose insider trading guilty plea was called into question after a major appellate ruling limited the reach of such laws has decided to enter a new guilty plea.

Breakingviews 16 Apr 2015

IAG's British Airways quits European trade body over policy differences

LONDON - International Airlines Group (IAG) said its subsidiaries British Airways and Iberia had quit a European airline trade group after disagreeing with the policy of other members toward competition in the skies.

Breakingviews 16 Apr 2015

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