Regulators deny quick approval of new Great Lakes pipeline

A Michigan regulatory agency has denied Enbridge’s request for quick approval of its plan to put a replacement oil pipeline beneath a Great Lakes channel By JOHN FLESHER AP Environmental Writer June 30, 2020, 6:58 PM 3 min read 3 min read Share to FacebookShare to TwitterEmail this article Traverse City, Mich. — A Michigan […]

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Feds water down Volcker Rule restrictions

The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because […]

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Bill Ackman wants blank-check IPO of up to $6.5 billion

Bill Ackman wants $6.5 billion to go unicorn hunting. In regulatory filing on Monday, the billionaire hedge fund manager announced new plans for his “blank-check IPO,” including efforts to raise $3 billion to $6.5 billion — up from $1 billion. Ackman, 54, also revealed plans to use the money to go after “mature unicorns,” which […]

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Juul could cut third of its workers amid harsh regulatory scrutiny

Juul is reportedly planning to lay off a third of its workforce amid a series of regulatory crackdowns that have stunted its growth, according to a new report. The e-cigarette maker will cut between 800 and 950 jobs amid intense regulatory scrutiny and declining market share, according to the Wall Street Journal. The layoffs would […]

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U.S. top financial regulators discuss financial market resilience

WASHINGTON (Reuters) – Top U.S. financial regulatory officials including Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin discussed the resilience of financial markets amid the spread of coronavirus on Tuesday, the Treasury Department announced. The unscheduled call of the President’s Working Group on Financial Markets was focused on the market turmoil as the […]

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