Republican members of the Financial Crisis Inquiry Commission have released preliminary findings that point to heavy mortgage-related losses at large U.S. and European financial firms as the primary culprit precipitating the economic turmoil behind the 2008 financial crisis.
Italy's antitrust regulator has fined 15 companies — including units of Sara Lee Corp., L'Oreal and Johnson & Johnson — more than €81 million ($107 million) for an alleged long-running scheme to coordinate list prices sent to large retailers for cosmetic and health care products.
The U.S. Department of Commerce has proposed revamping the way it conducts anti-dumping reviews, floating new measures that would make it more difficult for exporters in nonmarket economy countries to avoid uniform dumping margins and ensure that smaller companies are individually examined.
Congressional leaders have put forward a new draft of legislation to authorize the U.S. Department of Defense to spend its $725 billion budget in fiscal year 2011, stripping out all controversial measures in hopes of passing it before the end of the year.
Responding to concerns over rampant piracy, China has agreed to a number of intellectual property protections such as cracking down on online infringement, which the Office of the U.S. Trade Representative says will boost U.S. exports and protect American innovation.
European Union Trade Commissioner Karel De Gucht has signaled that a free trade agreement between Canada and the EU is on track to be completed by the end of 2011, after little more than a year of ongoing negotiations.
The U.S. Commodity Futures Trading Commission on Thursday proposed final rules for swap trading facilities in a bid to increase transparency in the derivatives trading market, a week after it tabled its original proposal for the facilities.
The U.S. House of Representatives has thrown its support behind the U.S. Navy's plan to sign contracts with two competing teams of shipbuilders for fixed-price, multiyear purchases of up to 20 littoral combat ships, which Navy officials claim will shave billions off the LCS program's price tag.
The U.S. House of Representatives has passed a tariff bill that would extend two trade preference programs for 18 months and lower duties on hundreds of imported goods, a move that is being hailed by domestic industry as a means of slashing the costs of doing business in the United States and boosting American manufacturing exports.
The U.S. Consumer Product Safety Commission on Wednesday voted to ban drop-side cribs, marking the first time in nearly 30 years that federal crib standards have been updated.
The U.S. House of Representatives voted Wednesday to send a bill repealing the military's "don't ask, don't tell" ban on openly gay members to the Senate, where supporters see it as the last chance this year for Congress to legislate an end to the policy, rather than leave its fate to the courts.
The U.S. Senate approved an $858 billion compromise bill on Wednesday to extend the Bush-era tax cuts, which includes provisions extending tax credits for ethanol producers, ethanol tariffs and billions in grants for renewable energy projects.
The U.S. Securities and Exchange Commission on Wednesday advanced rules designed to rein in the over-the-counter derivatives market by funneling most transactions through a central clearinghouse.
In-house counsel from more than 260 companies have raised concerns that the U.S. Securities and Exchange Commission’s proposed program for rewarding whistleblowers who tip off the agency to securities law violations may encourage employees to hold off on reporting company misconduct so that they can amass a larger bounty.
The Senate Appropriations Committee has released a 2011 budget bill that contains $32.2 billion for federal environmental agencies, along with a provision that would triple the length of the permitting process for offshore drilling projects.
Senate appropriators have released a $1.1 trillion omnibus bill to pay for government operations through fiscal year 2011, proposing to reshuffle more than $667 billion in military budgetary authority while funding newly passed legislative priorities including health care, food safety and financial regulatory reform.
A federal judge has ordered the U.S. Fish and Wildlife Service to re-examine and redraft portions of its rules protecting the endangered delta smelt in a long-awaited ruling in the fight between champions of the tiny fish and locals fed up with water usage restrictions designed to protect its habitat.
As the U.S. House of Representatives nears a vote on a bill to repeal the military's “don’t ask, don’t tell” policy, three decorated service members are seeking reinstatement to active duty after being discharged under the law.
The U.S. Department of the Interior has clarified new safety regulations for offshore drilling to help the oil industry comply with the rules, which apply to oil spill response plans, calculations for worst-case discharge and blowout preventer testing.
The European Commission said Tuesday that it wanted to allow some member states — including the U.K., France and Germany — to move toward creating a unified patent protection scheme that could reduce the bloated translation costs associated with obtaining patents in Europe.