WASHINGTON, March 29 The U.S. Supreme Court on Wednesday said a New York law barring retailers from charging more to buy with credit instead of cash is a speech regulation and sent the case back to a lower court for further review.
The court, in a 8-0 decision, threw out a lower court's ruling upholding the New York law as a price regulation. Merchants contend laws like the one in New York infringe on their free speech rights guaranteed by the U.S. Constitution by dictating how they describe their pricing to customers.
(Reporting by Lawrence Hurley; Editing by Will Dunham)
U.S. IRS probes drug company-funded patient assistance charity
BOSTON, June 29 The U.S. Internal Revenue Service is probing whether a patient-assistance charity wrongly gave a benefit to its pharmaceutical company donors by returning most of the money they donated as payments for drugs they make, court papers show.
Travelers Co's William Heyman elected as FINRA chairman
June 29 The Financial Industry Regulatory Authority (FINRA) on Thursday named William Heyman, chief investment officer of Travelers Company Inc, as its chairman, effective July 18.