News

BRUSSELS (Reuters) -Sixteen EU countries asked the European Commission on Monday to propose a new law in the coming months on taxing tobacco in the bloc to include new products such as electronic cigarettes – vapes – which are not (…)

(American Banker) A consumer advocacy group is calling for regulators to publicly release investigations into executives and directors of the three regional banks that collapsed last year: Silicon Valley Bank, Signature Bank and First Republic Bank. Americans for Financial Reform (…)

(JD Supra) A recent decision by the United States Bankruptcy Court for the Southern District of New York may have significant implications for digital asset holders and users. The decision, issued on October 24, 2024, granted a motion for alternative (…)

NEW YORK (Reuters) – General Electric, doing business as GE Aerospace, will pay $362.5 million in cash to resolve a long-running shareholder lawsuit accusing it of hiding risks at its power business, court papers show. A preliminary settlement of the (…)

(Reuters) – Citigroup has completed the separation of Banamex from its institutional banking business in Mexico as it prepares to list the retail bank, the Wall Street giant said on Monday. The move to split Grupo Financiero Citi México from (…)

(Reuters) -U.S. lender JPMorgan Chase agreed on Friday to drop its lawsuit against Tesla that accused the electric vehicle maker of “flagrantly” breaching a contract between the two companies in 2014 relating to warrants Tesla sold to the bank. The (…)

WASHINGTON (Reuters) -The U.S. Supreme Court examined on Monday the U.S. Food and Drug Administration’s refusal to let two e-cigarette companies sell flavored vape products that regulators consider a health risk to youths, while the lawyer for the businesses suggested (…)

NEW DELHI (Reuters) -India’s antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen (…)

WASHINGTON (Reuters) – The United Parcel Service will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities and Exchange Commission (SEC) said on Friday. The SEC said UPS misrepresented “its earnings because it (…)

(Reuters) -A federal judge on Friday rejected the U.S. Securities and Exchange Commission’s request to sanction Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of Twitter. U.S. District Judge (…)