March 25, 2009 |
Chief executives from four U.S. stock exchanges sent a joint letter to the Securities and Exchange Commission seeking to have new rules instituted to restrict short selling. In a letter to SEC Chairwoman Mary Schapiro, the heads of NYSE Euronext, Nasdaq OMX Group Inc. and two smaller exchanges proposed a rule that would curb "abusive" short selling, which "destroys the overall confidence in our capital markets." The new rules would go beyond the previous "uptick" rule curbing short selling, which had been in place since the 1930s until being rescinded in 2007.
February 23, 2009 |
For weeks, President Obama has been pushing hard on his plan to revive the nation's economy, driving the $787-billion stimulus package through Congress, following up with a plan for homeowners facing foreclosure and readying a strategy for reviving the moribund credit system.
February 13, 2009 |
The Federal Trade Commission's new Internet-advertising guidelines don't put enough pressure on companies to protect consumer data used in targeted marketing campaigns, privacy advocacy groups said. The agency released the voluntary standards Thursday to guide Web marketers' efforts at self-regulation. The FTC report urged advertising providers such as Google Inc.
February 4, 2009 |
Car companies brought more than just new vehicles to this year's Washington Auto Show. Executives at Volkswagen and Toyota Motor Corp., for instance, put their political goals on stage alongside fancy concept cars in their push for unified national fuel-efficiency and vehicle emission standards.
January 28, 2009 |
Savers have long been able to take advantage of the above-average interest rates that weak banks pay to attract deposits. But those days may soon be over. The Federal Deposit Insurance Corp. on Tuesday proposed new limits on rates paid by banks that have less-than-adequate capital. The agency would throw out its current complicated formulas for determining maximum interest rates at weak banks and replace them with a relatively simple formula: The new cap for each product would be 0.
December 31, 2008 |
Federal regulators officially rejected a banking industry push to suspend accounting rules that force banks to value assets on their balance sheets at current market prices even if they plan to hold them for years. The Securities and Exchange Commission issued a report to Congress that recommended maintaining so-called mark-to-market rules but suggested improvements to current accounting practices.
December 26, 2008 |
When a Colorado emergency room nurse fell gravely ill after treating a gas field worker, doctors struggled to figure out what was wrong with her. Her liver, heart and lungs were failing, probably a result of inhaling ZetaFlow -- a substance used in natural-gas drilling -- from the patient's boots. But doctors could find little treatment information in the medical texts or on the Internet because the fluid's formulation is a closely guarded trade secret.
November 20, 2008 |
Nike Inc., Starbucks Corp., Levi Strauss & Co. and two other U.S. companies called Wednesday for aggressive policies to limit global warming to help rescue the country from an economic crisis. The coalition appealed for steep cuts in U.S. greenhouse-gas emissions, investment in renewable energy from the wind and sun, and limits on polluting coal-fired power plants. Congress and President-elect Barack Obama should take action on the matter early in 2009, they said.
CALIFORNIA | LOCAL
November 19, 2008 |
Federal wildlife stewards have issued new rules limiting the use of three common pesticides now considered culprits in the decline of the Pacific Coast's salmon and steelhead runs. The decision by the National Marine Fisheries Service, which comes after nearly a decade of jousting between environmentalists and the federal government, concludes that the insecticides diazinon, Malathion and chlorpyrifos jeopardize the famed but imperiled migratory fish. Under the new measures, which must be implemented within a year, the chemicals cannot be applied by air within 1,000 feet of salmon waters.
November 19, 2008 |
The Environmental Protection Agency is completing new air quality rules that will make it easier to build coal-fired power plants, oil refineries and other major polluters near national parks and wilderness areas, despite the fact that half of the EPA's 10 regional administrators have formally dissented from the decision and another four have criticized the move in writing.