Latest Industry regulation News

US, South African farmers cry fowl over Trump metal tariffs

Oct. 16, 2018 10:38 AM EDT

WASHINGTON (AP) — Which came first, the chicken or the trade war? Well before President Donald Trump began slapping tariffs on steel, aluminum and other imported goods, there was a deal with South Africa that gave U.S. chicken producers duty-free access to a market that had effectively been shut to them...

Payments companies hit deadline for keeping data in India

Oct. 16, 2018 7:57 AM EDT

SRINIGAR, India (AP) — Global credit card and payments companies like American Express, Visa and MasterCard are facing a challenge in meeting a requirement to store transaction data for all Indian customers within the country. A new rule took effect Tuesday that directs payment companies to store all...

Payments companies hit deadline for keeping data in India

Oct. 16, 2018 5:08 AM EDT

NEW DELHI (AP) — Global credit card and payments companies like American Express, Visa and MasterCard are facing a challenge in meeting a requirement to store transaction data for all Indian customers within the country. A new rule took effect Tuesday that directs payment companies to store all transaction...

Insurer Anthem will pay record $16M for massive data breach

Oct. 15, 2018 6:43 PM EDT

WASHINGTON (AP) — The nation's second-largest health insurer has agreed to pay the government a record $16 million to settle potential privacy violations in the biggest known health care hack in U.S. history, officials said Monday. The personal information of nearly 79 million people — including...

Investigators search Opel premises in diesel emissions probe

Oct. 15, 2018 1:03 PM EDT

FRANKFURT, Germany (AP) — German prosecutors said Monday that law enforcement officials have conducted searches at automaker Opel as part of an investigation into suspected manipulation of diesel emissions. Meanwhile, the country's transportation ministry said it intended to order 100,000 Opel vehicles...

Correction: Gas Explosions story

Oct. 15, 2018 11:10 AM EDT

BOSTON (AP) — In a story Oct. 11 about the federal investigation into natural gas explosions in Massachusetts, The Associated Press erroneously reported on the preliminary findings. The National Transportation Safety Board found that the Columbia Gas company, not the utility workers, failed to account for...

Bank of America 3Q profits rise 32 percent, beats forecasts

Oct. 15, 2018 9:03 AM EDT

NEW YORK (AP) — Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest rates allowed BofA to charge more for loans, and lower corporate tax rates helped it save hundreds of millions on taxes. The Charlotte, North Carolina-based banking giant said...

Bangladesh newspaper editors protest digital security law

Oct. 15, 2018 8:36 AM EDT

DHAKA,Bangladesh (AP) — Editors of major daily newspapers in Bangladesh's capital formed a human chain on Monday to protest a new digital security law they say will stifle freedom of speech and media freedom. Members of the Editors' Council formed the chain in front of the National Press Club in Dhaka and...

Tennessee, other states ask for action on illegal robocalls

Oct. 15, 2018 4:41 AM EDT

NASHVILLE, Tenn. (AP) — Tennessee's attorney general has joined several dozen other states to ask the federal government to take action on illegal robocalls. Attorney General Herbert H. Slatery III's office said in a news release that a document signed by officials from almost three dozen states asks the...

Democratic candidates focus on health care as midterms near

Oct. 15, 2018 12:27 AM EDT

PHOENIX (AP) — In a windowless conference room, Republican Senate candidate Martha McSally was asking executives at a small crane manufacturing company how the GOP tax cut has helped their business when one woman said: "I want to ask you a question about health care." Marylea Evans recounted how, decades...