CHICAGO (Reuters) - Boston Scientific Corp. <BSX.N> could be selling implantable heart rhythm devices again within 30 days if no new issues arise beyond the paperwork problems revealed this week.
"Our number one conclusion is ... that Boston likely overreacted in pulling its products from the market and has a good ...More
By Huw Jones and John O'Donnell
LONDON/BRUSSELS - (Reuters) - Top officials warned policymakers on Wednesday to avoid hurting global efforts to toughen up financial regulation as differences emerge over derivatives speculation, hedge funds and bank capital.
"We all sit in the same boat," Financial Stability Board Chairman Mario Draghi ...More
NEW YORK (Reuters) - A bankruptcy judge said Lehman Brothers Holdings Inc <LEHMQ.PK> could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.
The disclosure statement, which is a necessary step for Lehman to get creditor approval for its plan, would detail Lehman ...More
WASHINGTON (Reuters) - A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.
Securities and Exchange Commission Chairman Mary Schapiro, testifying at a congressional hearing, provided scant details on who and ...More
WASHINGTON D.C. (WTAQ) - Almost half the Wisconsin companies which have lobbyists in Washington spent more last year to try to get their way. According to the Center for Responsive Politics, 15 of the Badger State’s 36 largest firms have D.C. lobbyists. And 7 of them spent more ...More
NEW YORK (Reuters) - Fannie Mae, the largest provider of U.S. residential funding, on Wednesday slashed its forecast for residential investment this quarter following a "setback" in home sales, and warned on its impact on the economic recovery.
Fannie Mae <FNM.N> also cut its forecast for 2010 mortgage originations ...More
WASHINGTON (Reuters) - A House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found elaborate accounting tricks that helped to hide the investment bank's insolvency.
Democratic Representative Mary Jo Kilroy and Republican Representative Spencer Bachus requested the ...More
DETROIT (Reuters) - General Motors Co <GM.UL> has a "reasonable chance" to show a profit in 2010 and could sell shares by late this year though it has no timetable for an IPO that would reduce the U.S. government's majority stake, Chief Financial Officer Chris Liddell said on ...More
FRANKFURT/COLOGNE (Reuters) - The tussle over German generic drugs maker Ratiopharm is drawing to a close as the three remaining contenders square off in the final round of bidding, sources close to the deal told Reuters on Wednesday.
Pfizer <PFE.N> will submit its bid on Wednesday, a person briefed ...More
WASHINGTON (Reuters) - A top bank regulator said on Wednesday that the "jury's still out" about whether consumers want controversial overdraft protection that can charge them large fees for accidentally overdrawing their accounts.
Comptroller of the Currency John Dugan said he thought some institutions' recent moves to end overdraft fees ...More
