Trump taps net neutrality opponent Ajit Pai to head FCC Jan 23, 2017 04:57PM

By David Shepardson

WASHINGTON (Reuters) - President Donald Trump on Monday tapped Republican Commissioner Ajit Pai to head the U.S. Federal Communications Commission, which is expected to roll back many of the Obama Administration's telecommunications and internet policies.

Pai, a former Justice Department, FCC and Capitol Hill staffer, in December predicted landmark "net neutrality" rules adopted in 2015 would not last. The son of Indian... (continue reading...)


U.S. reaches settlement with Endo on pay-for-delay charges Jan 23, 2017 02:47PM

By Toni Clarke

WASHINGTON (Reuters) - Endo International Plc (NASDAQ: ENDP) said on Monday it has reached a proposed settlement with U.S. antitrust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications.

The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc (NASDAQ: IPXL) to delay the introduction of a generic version of its painkiller Opana ER.

The... (continue reading...)


Trump signs order withdrawing U.S. from Trans-Pacific trade deal Jan 23, 2017 11:57AM

WASHINGTON (Reuters) - President Donald Trump signed an executive order formally withdrawing the United States from the 12-nation Trans-Pacific Partnership trade deal on Monday, following through on a promise from his campaign last year.

In an Oval Office ceremony, Trump also signed an order imposing a federal hiring freeze and a directive banning U.S. non-governmental organizations receive federal funding from providing abortions abroad.

... (continue reading...)


Morgan Stanley CEO James Gorman's 2016 pay up 7 pct to $22.5 million Jan 20, 2017 04:18PM

By Olivia Oran

(Reuters) - Morgan Stanley (NYSE: MS) Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target.

Gorman will receive $22.5 million in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email.

Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase... (continue reading...)


Trump picks FCC member Pai to lead agency: Bloomberg Jan 20, 2017 03:33PM

WASHINGTON (Reuters) - President Donald Trump will name Ajit Pai, a Republican member of the Federal Communications Commission, to lead the agency, Bloomberg News reported on Friday, citing a person familiar with the transition.

Pai has dissented from the decisions of Democrats on the FCC that supported net neutrality provisions that forbid internet service providers from blocking or slowing web traffic to some users.

(Reporting by Eric Walsh)


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