The authorities also imposed a six-month suspension on the local operations of the global firm, which was once one a dominant auditing firm in China.
Category: Regulation and Deregulation of Industry
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Navient Reaches $120 Million Student Loan Settlement With Consumer Watchdog
The company has been banned from servicing federal student loans and must pay $100 million to harmed borrowers, as well as a $20 million penalty.
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Trump’s Promises to Cut Inflation Are Unrealistic, Many Economists Say
Economists and analysts are dubious of Trump’s promises to slash gas prices or prod interest rates lower.
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After Fierce Lobbying, Regulators Soften Proposed Rules on Banks
A top Federal Reserve official said that blowback to proposed rules on capital requirements led him to “relearn the lesson of humility.”
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Harris Economic Plan Focuses on Prices, a Key Vulnerability
Vice President Kamala Harris has been balancing the challenges of defending “Bidenomics” and charting her own course on the economy.
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Just Miles from Kroger’s Court Battle, a Food Desert Shows What’s at Stake
Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like.
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Google and Apple Lose Appeals in Landmark E.U. Cases
The cases had established the European Union as the world’s leading tech watchdog, but have since raised questions about its protracted appeals process.
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Google’s Legal Scorecard Before New Antitrust Fight
How the tech giant has fared in its major legal battles across the U.S. and Europe so far.
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Mushroom-Laced Candy Recall Highlights F.D.A.’s Limited Safety Role
More than 150 people were sickened from products sold at smoke and vape shops, providing evidence of the lax regulation of new food items.
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Morgan Stanley Is Fined for First Republic C.E.O.’s Stock Sales
James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts regulators said.
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Larry Ellison Will Control Paramount After Skydance Merger
An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.