The Pennsylvania State Senate approved a bill Tuesday that would allow the state to take the financial reins and thwart bankruptcy in the troubled city of Harrisburg, which has been facing a possible municipal bankruptcy after it defaulted on its debt.
Following a two-day hearing, a U.S. Food and Drug Administration advisory panel on Wednesday unanimously voted to yank approval for the use of Genentech Inc.'s drug Avastin in treating breast cancer patients.
The Federal Reserve Board on Wednesday limited the fees that banks can charge merchants for debit card transactions to 21 cents per swipe, a higher cap than previously proposed but still below what most issuers charge now.
Democratic senators on Wednesday criticized a trio of recent U.S. Supreme Court rulings, saying they privileged corporations and would bar individuals from accessing the justice system.
The Eighth Circuit on Wednesday refused TCF National Bank's request to block implementation of a limit on debit card swipe fees set to take effect next month as part of Congress' financial overhaul.
The U.S. Department of Defense issued an interim rule Wednesday that will create a pilot program to test a streamlined method of purchasing military-use, nondevelopmental items like programmable robots and all-terrain vehicles.
European Union member states on Wednesday reached a provisional agreement on a new rules meant to curb insider trading in energy markets, including a centralized repository for market activity.
The Federal Circuit on Wednesday overturned a ruling that affirmed anti-dumping duties on Japanese ball bearing imports, saying the U.S. Department of Commerce must explain why it continues to use zeroing in administrative reviews but not in investigations.
The European Union said Wednesday that its free trade agreement with South Korea will be a game changer for its trade relations with Asia and will tackle nontariff barriers across automotive, pharmaceutical, consumer electronics and other markets.
As the annual shareholder meetings season winds down, say-on-pay votes have been winning shareholder approval more widely than expected in the first year of mandatory voting on executive compensation as required by federal financial reform, according to a new analysis.
Australian competition regulators announced Wednesday that Western Australia's largest grain-handling company will no longer be allowed to exercise a monopoly over transporting grain to export locations in the state.
The U.S. Securities and Exchange Commission voted Wednesday to move forward with proposed rules under Title VII of the Dodd-Frank Act to establish business conduct standards for security-based swap dealers and participants.
Dozens of state attorneys general on Monday told the Office of the Comptroller of the Currency that the banking regulator should toss its proposed rules implementing last year's financial reform law because they improperly undermine state consumer protection laws.
The Texas Legislature passed a law Tuesday to reshape the Texas Windstorm Insurance Association, approving limits on the amount that property owners can recover if they sue the nonprofit insurer.
The International Monetary Fund on Tuesday chose French Finance Minister Christine Lagarde to serve as its managing director following Dominique Strauss-Kahn's May 18 resignation over claims that he tried to rape a New York hotel maid.
The Senate Finance Committee said Tuesday that it would move forward on three stalled free trade agreements between the U.S. and South Korea, Colombia and Panama, and that the deals will include a renewal of the Trade Adjustment Assistance program.
Members of a global chemical treaty could not agree to include chrysotile asbestos on a list of hazardous substances triggering disclosure obligations, but they did add three new pesticides, United Nations officials announced Monday.
U.S. trade officials urged China to open additional markets to American goods and services at a meeting in Beijing on Tuesday, cautioning that the commercial relationship with its key Asian trading partner faces hurdles.
The U.S. Department of Defense, U.S. General Services Administration and NASA proposed a rule Tuesday that would standardize the evaluation criteria for contractors' past performance reviews, after a decision last year to collect all reviews into a single governmentwide database.
The New York state judiciary on Tuesday formally adopted a new judicial assignment rule that prevents state judges from presiding over cases involving recent contributors to their election campaigns.