REGULATORY AGENCY | SEC

Bernie Madoff: They Had to Know

Booking mug shot of Bernard Madoff
They had to know, said the jailed former fund manager Bernie Madoff, referring to bankers and investors who should have been able to uncover his Ponzi scheme.
A shopper leaves a branch of Game supermarket chain in South Africa

S.Africa commission recommends Wal-Mart deal approval

South Africa's Competition Commission has recommended that retail group Wal-Mart's proposed acquisition of 51 percent of equity in Massmart be approved without conditions, the two companies said in a statement on Saturday.
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Chairman of the Federal Reserve Ben Bernanke at National Press Club luncheon on the economic outlook in Washington

Bernanke to testify on Dodd-Frank next week

Federal Reserve Chairman Ben Bernanke and other top U.S. regulators will appear before the Senate Banking Committee next week to discuss the implementation of the Dodd-Frank financial reform law, the committee announced on Thursday.
The headquarters of the U.S. Food and Drug Administration (FDA) is shown in Silver Spring, Maryland.

Medtronic's MRI-safe pacemaker gets FDA nod

Medtronic Inc. (NYSE: MDT) said the U.S. Food and Drug Administration (FDA) approved its Revo MRI pacemaker - the first such device in the U.S. designed for safe use during certain magnetic resonance imaging (MRI) exams.
FDA Approves Regeneron for Wet Age-Related Macular Degeneration.

FDA approves First Pacemaker, apt for safe MRI scans

The US Food and Drug Administration FDA on Tuesday approved the first pacemaker system -- produced by medical device giant Medtronic Inc and designed to be used safely during certain magnetic resonance imaging (MRI) exams.
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Regulators set to curb bank bonuses, part of global move

Regulators on Monday are expected to make their most forceful attempt yet to clamp down bank bonuses since the 2007-2009 financial crisis, but the proposals pale in comparison to harsher restrictions already set in Europe.
India's former telecommunications minister Andimuthu Raja (C) leaves India's Central Bureau of Investigation (CBI) headquarters in New Delhi February 3, 2011

Former Indian telecom minister arrested over $40 bln graft scam

India's former Telecom Minister Andimuthu Raja, his personal secretary RK Chandolia and former telecom secretary Siddharth Behura have been arrested by India's Central Bureau of Investigation (CBI) over his alleged manipulation while allocating the second-generation telecom (2G) spectrum licenses in 2007 and 2008.

Sanofi's push for Genzyme continues

Sanofi-Aventis is reportedly expected to sweeten its bid for U.S. biotechnology company Genzyme later this week. The two companies are said to be negotiating a cash deal worth $74 a share or $19 billion, plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
A Withings Smart Blood Pressure Monitor with an iPhone connection is displayed during a media preview event for the 2011 International Consumer Electronics Show (CES) in Las Vegas.

FDA OK's iPhone, iPad medical-image app for doctors

The U.S. Food and Drug Administration has approved a new mobile radiology application that allows doctors to see medical images and make diagnoses on Apple's iPhone and iPad. The Mobile MIM app should be available in Apple’s U.S. App Store next week.
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Outgunned by Wall Street, SEC warns of fraud

Tighter budgets at the U.S. Securities and Exchange Commission could mean killing vital technology upgrades needed to catch swindlers, the agency's chief said on Friday in a blunt appeal for more funding.
The Supreme Court in Washington

Senate panel backs patent overhaul bill

A bill to reduce the likelihood of massive damage awards in patent disputes took a step forward on Thursday with approval by the Senate Judiciary Committee.
US Environmental Protection Agency Director Lisa Jackson at the EPA in Washington, December 7, 2009

EPA to set first-ever standard for perchlorate in water

The U.S. Environmental Protection Agency (EPA) said it will develop a first-ever national standard for perchlorate, a naturally occurring and man-made chemical found in rocket propellant, fireworks, explosives and in some drinking water systems.
Andimuthu raja

CBI arrests ex-telecoms minister Andimuthu Raja

The Central Bureau of Investigation (CBI) on Wednesday arrested former telecoms minister Andimuthu Raja over a massive graft scam, officials said, a huge blow for Prime Minister Manmohan Singh and efforts to pass bills in the parliamentary budget session.

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