Financial industry regulation

October 12, 2018 - 2:43 pm
WASHINGTON (AP) — The Education Department says it will no longer try to delay an Obama-era regulation that helped students defrauded by for-profit colleges get their loans forgiven. A federal court ruled last month that Education Secretary Betsy DeVos' decision to delay the regulation, known as...
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President Donald Trump arrives to speak at a campaign rally at Erie Insurance Arena, Wednesday, Oct. 10, 2018, in Erie, Pa. As Hurricane Michael pounded the Southeast on Wednesday, Trump took shelter at the campaign rally in Pennsylvania, where he sought to boost Republicans before the midterms. (AP Photo/Evan Vucci)
October 10, 2018 - 5:28 pm
ERIE, Pa. (AP) — As Hurricane Michael pounded Florida on Wednesday, President Donald Trump took shelter at a campaign event in Pennsylvania, where he sought to boost Republicans before the midterms. Trump acknowledged the hurricane at the top of his rally in Erie, offering his "thoughts and prayers...
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October 10, 2018 - 7:31 am
GENEVA (AP) — Switzerland's high court has upheld the acquittal of a former private banker who handed over confidential client information to WikiLeaks, ruling he wasn't bound by the country's strict banking secrecy laws at the time. The Federal Tribunal validated a ruling by Zurich's regional...
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FILE- In this Sept. 17, 2018, file photo SpaceX founder and chief executive Elon Musk speaks after announcing Japanese billionaire Yusaku Maezawa as the first private passenger on a trip around the moon in Hawthorne, Calif. U.S. securities regulators have filed a complaint against Musk alleging that he made false and misleading statements about plans to take the company private in August. (AP Photo/Chris Carlson, File)
September 28, 2018 - 3:05 pm
SAN FRANCISCO (AP) — The very attributes that have fueled a mania around Elon Musk — his vision, brash personality and willingness to take risks — could prove to be his downfall. The Tesla CEO who made his fortune and his renegade-genius reputation by bursting through the barriers of conventional...
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FILE - This Aug. 8, 2018 file photo shows the Tesla emblem on the back end of a Model S in the Tesla showroom in Santa Monica, Calif. Tesla investors have taken a wild ride as Wall Street values the promise of one of the world’s leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet. (AP Photo/Richard Vogel, File)
September 28, 2018 - 11:41 am
NEW YORK (AP) — Tesla investors have taken a wild ride as Wall Street values the promise of one of the world's leading electric car makers, the hurdles the company faces as it tries to become a world-class manufacturer, and a mercurial CEO who can get the market buzzing with a single tweet. Tesla...
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In this January 18, 2008, photo, former Chinese securities regulator Yao Gang, right, and Clara Furse, the then-Chief Executive of the London Stock Exchange, participate in a ribbon-cutting event at a business center for the LSE in Beijing. Yao, the former deputy chairman of the China Securities Regulatory Commission, was sentenced Friday, Sept. 28, 2018, to 18 years in prison on charges of taking bribes and insider trading. (Chinatopix via AP)
September 28, 2018 - 2:07 am
BEIJING (AP) — A former Chinese stock market regulator who was detained after a collapse in share prices in 2015 was sentenced Friday to 18 years in prison on charges of taking bribes and insider trading. Yao Gang, a former deputy chairman of the China Securities Regulatory Commission, was one of a...
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FILE- In this Sept. 17, 2018, file photo SpaceX founder and chief executive Elon Musk speaks after announcing Japanese billionaire Yusaku Maezawa as the first private passenger on a trip around the moon in Hawthorne, Calif. U.S. securities regulators have filed a complaint against Musk alleging that he made false and misleading statements about plans to take the company private in August. (AP Photo/Chris Carlson, File)
September 27, 2018 - 6:51 pm
DETROIT (AP) — U.S. securities regulators are asking a federal court to oust Tesla Inc.'s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private. The Securities and Exchange Commission says in the...
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FILE - In this Sept. 12, 2018, file photo, Health & Human Services Secretary Alex Azar speaks during an interview with The Associated Press in New York. Azar said premiums for a popular type of health plan under the Affordable Care Act will edge downward next year. Speaking in Nashville on Thursday, Sept. 26, Azar said premiums for a popular type of “silver” plan will drop by 2 percent in the 39 states served by the federal HealthCare.gov website. The number of marketplace insurers will grow for the first time since 2015. (AP Photo/Mary Altaffer, File)
September 27, 2018 - 10:44 am
WASHINGTON (AP) — Premiums for a popular type of "silver" health plan under the Affordable Care Act will edge downward next year in most states, the Trump administration's health chief announced Thursday. Health and Human Services Secretary Alex Azar said premiums for a so-called "benchmark" silver...
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FILE - In this Oct. 11, 2017 file photo, a Pacific Gas & Electric crew works at restoring power following a wildfire along the Old Redwood Highway in Santa Rosa, Calif. California Gov. Jerry Brown signed a measure Friday, Sept. 21, 2018, allowing utilities to bill their customers to pay for future legal settlements stemming from devastating 2017 wildfires, even if the blazes are blamed on the company's mismanagement. The bill is aimed at preventing bankruptcy for Pacific Gas & Electric Co. The nation's largest utility by revenue faces billions of dollars in liability if investigators determine its equipment caused the Tubbs Fire that destroyed thousands of homes and killed 22 people in Santa Rosa last year. (AP Photo/Eric Risberg, File)
September 21, 2018 - 1:33 pm
SACRAMENTO, Calif. (AP) — Gov. Jerry Brown signed a measure Friday allowing utilities to bill their customers to pay for future legal settlements stemming from devastating 2017 wildfires, even if the blazes are blamed on the company's mismanagement. The bill is aimed at preventing bankruptcy or...
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People pass a Nike store in New York, Tuesday, Sept. 4, 2018. An endorsement deal between Nike and Colin Kaepernick is prompting a flood of debate online as sports fans react to the apparel giant backing an athlete known mainly for starting a wave of protests among NFL players of police brutality, racial inequality and other social issues. (AP Photo/Mark Lennihan)
September 04, 2018 - 2:17 pm
NEW YORK (AP) — Nike's "Just Do It" campaign featuring Colin Kaepernick is a rare example of a brand jumping into a divisive issue uninvited. Still, like it or not, American companies are increasingly being pulled into the country's political and cultural wars. Here's a look at other companies that...
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