US regulator News

Losing its public face and guiding force would be a big blow for money-losing Tesla, which has a market value of more than $50 billion, chiefly because of investors` belief in Musk`s leadership. 

Bitcoin prices shot above $10,000 for the first time earlier this week and stood at $10,648 at midday Friday.

The Department of Financial Services (DFS) has fined Habib Bank and its New York branch USD 225 million for failure to comply with laws and regulations designed to combat money laundering, terrorist financing, and other illicit financial transactions.

Samsung Electronics Co Ltd said on Friday it will expedite new shipments of its Galaxy Note 7 smartphones starting this week in response to a US regulator`s advisory to not charge or turn on the phone in flight due to faulty batteries. 

Airline passengers should not turn on or charge their Samsung Electronics Co Ltd Galaxy Note 7 smartphones during flights or stow them in checked baggage due to concerns over the phone`s fire-prone batteries, the US Federal Aviation Administration said.

The EU`s ruling that Apple Inc must pay a huge tax bill to Ireland was clearly based on facts and existing rules and was not a decision aimed against the United States, European Commission President Jean-Claude Juncker said on Sunday.

Volkswagen reached an agreement Thursday with US regulators to offer US owners of some 480,000 illegally polluting diesel cars options of "substantial compensation" and to fix the cars, or to buy them back

However, the fees for facility inspection of foreign companies have been reduced, which may encourage more firms to opt for audit of their facilities by the regulator.

Sebi had found Factorial guilty of violating fraudulent and unfair trade practices regulations.

The US Federal Aviation Administration (FAA) has upgraded India's aviation safety rating, paving the way for the domestic airlines to expand in the US skies.

A judge on Friday lifted a suspension on her order directing Microsoft Corp to turn over a customer's emails stored overseas to U.S. prosecutors, but the software company said it would not release any emails while it appeals the ruling.

The airlines said said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.

Export-focused drugmaker Dr. Reddy`s Laboratories Ltd said it was in talks with a US regulator over allegations it violated packaging rules for some prescription drugs sold there between 2008 and 2012.

The filing gave no other details on the nature of the probe.

The bank is accused of breaking sanctions against Iran, Sudan and Cuba between 2002 and 2009 by carrying out dollar transactions with them.