Friday, October 18

Tag: Regulation/Government Policy

Activision Blizzard to Pay Around $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover
15Dec By adminNo Comments
Technology

Activision Blizzard to Pay Around $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Activision Blizzard has agreed to pay about $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.California’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock
14Dec By adminNo Comments
Money

Oklahoma Finds It Hard to Break Up With JPMorgan and BlackRock

Cutting ties with the largest U.S. banks and asset managers is easier said than done. In Oklahoma, where a new law requires the state to stop doing business with financial companies that “boycott” the oil-and-gas industry, officials and pension employees are running into hurdles while trying to comply.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Private Market Can Add Discipline to Deposit Insurance
14Dec By adminNo Comments
Health

The Private Market Can Add Discipline to Deposit Insurance

Following the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank this spring, U.S. lawmakers have faced a policy head-scratcher. When bank runs happen on the internet, not at the teller’s window, how can the government ensure that smaller and regional banks can meet increased demands for liquidity during moments of panic? Excessive capital requirements would harm smaller banks more than larger ones, while reducing the demand for liquidity by increasing the amount of deposit insurance would create serious moral hazard.Solving such a complex problem requires a fresh look at deposit insurance. The Federal Deposit Insurance Corp., to its credit, hinted at the answer in a May report on the history and nature of deposit insurance. It asked whether private insurance has a ro...
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Credit Suisse to Pay $10 Million After SEC Alleges Prohibited Underwriting, Advising
14Dec By adminNo Comments
Money

Credit Suisse to Pay $10 Million After SEC Alleges Prohibited Underwriting, Advising

Credit Suisse Securities and two affiliated entities will pay more than $10 million to settle charges from the U.S. Securities and Exchange Commission that it allegedly provided certain prohibited services.The SEC said Wednesday that the bank acted as an underwriter and investment adviser to mutual funds after being prohibited from doing so by a New Jersey court in October 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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TikTok Strikes Back in Indonesia
13Dec By adminNo Comments
Money

TikTok Strikes Back in Indonesia

The Indonesian government executed its crackdown on “social shopping” in the name of protecting local small businesses. TikTok ended up taking over a local champion. The deal makes good sense for TikTok, in more ways than one. It gets a way back into its key e-commerce market in Southeast Asia. It also sends a shot across the bow of regulators in other countries that might be contemplating similar moves.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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COP28 Leaders Call for ‘Transitioning Away’ From Fossil Fuels in Final Push at Climate Talks
13Dec By adminNo Comments
World

COP28 Leaders Call for ‘Transitioning Away’ From Fossil Fuels in Final Push at Climate Talks

DUBAI—Officials from the United Arab Emirates leading talks at the United Nations climate conference proposed a compromise agreement on Wednesday that calls for the world to transition away from fossil fuels, seeking to bridge differences between big energy-producing nations and countries that want to completely phase out coal, oil and natural gas.The proposed deal, circulated after all-night talks, calls for “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner.” It says the shift to clean energy for the global economy should accelerate this decade with the aim of net-zero greenhouse gas emissions by 2050. Scientists say that is crucial to fulfilling the Paris Accord, the landmark climate agreement that calls for governments to attempt to limit ...
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Apple, Google Get Billions From Their App Stores. That’s Now Under Threat.
13Dec By adminNo Comments
Technology

Apple, Google Get Billions From Their App Stores. That’s Now Under Threat.

Updated Dec. 12, 2023 6:34 pm ETMonday’s court ruling that Google has operated an illegal app-store monopoly is the latest in a mounting series of threats to the $500 billion-a-year app-store economy, which has evolved into a profit machine for Apple and Google that helped define the smartphone era.A jury unanimously sided with Epic Games, saying that Google had harmed the videogame maker by maintaining an illegal monopoly. Google said it plans to appeal the verdict and stands by its business model. In a separate case that concluded in 2021, a federal judge largely ruled against Epic even as she ruled that Apple must allow third-party software makers to steer customers to payment options within their own apps. The outcome might ultimately be decided by the Supreme Court.Copyright ©2023 Do...
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Legal Hurdles Stack Up for Gensler’s SEC
12Dec By adminNo Comments
Money

Legal Hurdles Stack Up for Gensler’s SEC

Dec. 12, 2023 12:39 pm ETWASHINGTON—Gary Gensler is facing a growing number of legal challenges as the Securities and Exchange Commission chair moves forward with wide-reaching efforts to squeeze Wall Street for the benefit of investors and companies.A group of hedge funds sued the SEC on Tuesday in hopes of overturning a pair of recent rules requiring more disclosures around short selling and securities lending. The case was filed in the same conservative appeals court that looks set to kill another SEC rule aimed at getting investors more information about public companies’ share repurchases.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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