REGULATORY AGENCY | SEC

U.S. pilots new airport scans after privacy concerns

Image of a passenger appears on the screen as Transportation Safety Administration employees demonstrate new body scanner software in Arlington, Virginia
U.S. aviation security authorities on Tuesday unveiled a new pilot program aimed at quelling an uproar about full-body scanners used to screen air travelers -- the new software will no longer produce an image of the actual person.

Outcry mounts over Canadian Internet billing ruling

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Backed by a public outcry, Canadian opposition parties lined up on Tuesday to voice concerns about a regulatory decision that chokes off the ability of small independent Internet providers to offer unlimited downloading to their customers.
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Nasdaq investigates index quote outage

Nasdaq did not publish quotes for its main indexes after the market opened on Friday due to a data outage, but individual stock quotes were unaffected.

Who is Allen Stanford?

Texas billionaire Allen Stanford, who is accused of running a massive $7-billion Ponzi scheme, is incompetent to stand trial and must go to a rehabilitation center for addiction to pain medication, a U.S. judge in Houston has ruled. The following are key facts about the disgraced business magnate and a timeline of his legal battle:

Lawmakers plan to reintroduce China currency bill

U.S. lawmakers plan to reintroduce China currency legislation that was overwhelmingly approved last year by the House of Representative but failed to become law, congressional aides said on Wednesday.

Rise in pedestrian deaths renews call for iPod bill

Rise in accidents stemming from pedestrian distraction has prompted renewed call for iPod bill. New York State Senator Carl Kruger has re-introduced legislation making it illegal to use an iPod, cell phone, Blackberry or any other electronic device while crossing the street.

MTV Skins show violating child porn laws?

MTV executives have ordered changes in a new hit drama called 'Skins' because of fears that some explicit scenes could violate child pornography laws by featuring the sex- and drug-fueled exploits of misfit teenagers.

Google Grants $100 Mln Equity to Eric Schmidt

Search giant Google said it will award $100 million worth of equity to Eric Schmidt, who will step down as the company's chief executive in April to make way for co-founder Larry Page.

Verizon challenges FCC's new Internet rules

Verizon Communications took the Federal Communications Commission to court on Thursday over its new Internet traffic rules, arguing the regulator had overstepped its authority.
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SEC sets asset-backed securities disclosure rules

U.S. regulators adopted new rules Thursday that seek to give investors better information before they decide to invest in asset-backed securities, a market that's still struggling to recover from the financial crisis.

QE2 not working miracles, but Fed unlikely to roll it back

The Federal Open Market Committee (FOMC) of the Federal Reserve, which meets next week, is unlikely to curtail its plan to buy $600 billion of Treasury securities by June despite the stronger tone of the incoming economic data, research firm Capital Economics said in a note on Wednesday.

Obama signs regulatory strategy to foster employment

A new Executive Order by US President Barack Obama has laid down regulatory measures on Tuesday to promote the country's economic growth and foster job creation while protecting the health and well-being of Americans throughout effective regulations.
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U.S. firms in China see regulation as top hurdle: survey

An increasing number of U.S. companies in China say the enforcement of intellectual property rights has deteriorated in the last year and that the regulatory environment is the biggest hurdle to doing business there, a survey showed on Wednesday.
India top court defers view on PM role in scandal

PM Singh to reshuffle cabinet amid graft, inflation

Prime Minister Manmohan Singh will reshuffle his cabinet on Wednesday in a mid-term effort to refresh a coalition government snared by corruption scandals and year-high food inflation as it faces key state elections.

Shell, others allowed to resume deepwater drilling in Gulf of Mexico

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), the federal agency, which oversees U.S. offshore drilling, has allowed Shell Offshore Inc. and 12 other oil and gas companies to resume deepwater drilling operations in the Gulf of Mexico without the need to submit revised exploration or development plans for supplemental National Environmental Policy Act (NEPA) reviews.
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Volcker rule tests new systemic risk council

The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendations on how to enforce one of the most recognizable if inscrutable aspects of the six-month-old Wall Street reform law: the Volcker rule.

RIM gives India access but not to secure e-mails

BlackBerry maker Research In Motion said it has given India the means to access its Messenger service and reiterated that no changes could be made to allow monitoring of secure corporate emails.

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