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  • Dec 16- Online taxi service Uber Technologies Inc has limited employee access to its "God View," a real-time taxi monitoring tool, amid increasing privacy concerns. God View, which lets the company see all Uber cabs in a city and waiting customers who have hailed cars, is now available only to "employees working in operations or other areas, like fraud prevention," Uber...

  • Dec 16- The Pennsylvania Supreme Court ordered Wal-Mart Stores Inc to pay $188 million to employees who had sued the retailer for failing to compensate them for rest breaks and all hours worked. Wal-Mart said on Tuesday that it might appeal the decision, which upheld lower court rulings, to the U.S. Supreme Court. Monday's ruling on the class-action lawsuit will...

  • Dec 16- Wal-Mart Stores Inc said the Pennsylvania Supreme Court had ordered it to pay about $188 million to settle a class-action lawsuit filed by employees who claimed their meal and rest breaks were regularly cut. Wal-Mart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

  • MUMBAI, Dec 16- An Indian court asked for further investigation into an illegal coalfield allocation case involving Hindalco Industries on Tuesday, rejecting an earlier report from the federal police that said the probe was likely to be closed. The Central Bureau of Investigation said in August it was likely to close the case against Hindalco's billionaire...

  • UPDATE 4-Repsol to buy Talisman Energy for $13 billion Tuesday, 16 Dec 2014 | 3:15 AM ET

    *Repsol strikes deal to buy Canada 5th largest oil producer. MADRID, Dec 16- Spanish oil company Repsol said on Tuesday it had reached a deal to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $13 billion. Repsol will pay $8.3 billion Repsol for 100 percent of Talisman shares which represents a 56 percent premium to the Calgary- based...

  • India moves closer to a nationwide sales tax Tuesday, 16 Dec 2014 | 12:45 AM ET

    NEW DELHI, Dec 16- India's plans to rationalise state and federal indirect taxes into a harmonised goods and service tax took a step closer to reality after New Delhi struck a deal with recalcitrant states, two government sources told Reuters. Finance Minister Arun Jaitley brokered a compromise on Monday evening that would pave the way for a key constitutional...

  • Dec 15- Florida lender BankAtlantic Bancorp Inc and its chief executive defrauded investors in 2007, early in the U.S. financial crisis, a federal jury found on Monday. BBX Capital Corp, as BankAtlantic is known today, and Alan Levan, who remains as CEO, were found liable by a federal jury in Miami following a six-week trial in a lawsuit filed by the U.S. Securities and...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced." "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. This year alone, Coca-Cola spent $3.5 billion in buying minority stakes in beverage companies Monster...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced." "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. Following criticism from Warren Buffett and other investors for its outsized employee share rewards,...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced". "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. His blunders on failed acquisitions alone have cost shareholders $16.3 billion, "Wintergreen said in a...

  • NEW DELHI, Dec 15- The alleged rape of a woman passenger by an Uber taxi driver once again spotlights the risks of India's transport system, which fails to keep women safe. Now the service has become a model for Prime Minister Narendra Modi's government to replicate nationwide, its chief executive says. "The Delhi incident shows the need for' She Taxis' all over the...

  • *Court banned Xiaomi selling in India on Dec. 10. *Xiaomi was fastest growing vendor in India. MUMBAI/ BEIJING, Dec 14- The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of patent challenges.

  • In Myanmar, racing to save a colonial past in decay Saturday, 13 Dec 2014 | 2:01 PM ET

    The race is on to salvage colonial buildings in Myanmar amid the threat of collapse due to continued decay.

  • India questions man over pro-Islamic State tweets Saturday, 13 Dec 2014 | 1:49 AM ET

    BANGALORE, India— Police in southern India said Saturday that they have arrested a man who has admitted to running a popular pro-Islamic State group Twitter account, but added that he appears to have no direct links to the militant group. On Friday, Britain's Channel 4 reported that it had uncovered the identity of the man, who was using the Twitter account@...

  • HOUSTON, Dec 12- Banks are responding to tumbling crude prices by trimming the value of oil reserves tied to credit lines, possibly causing a cash crunch for some highly-leveraged U.S. exploration and production firms. But I don't think anybody is going to be able to add on significantly more debt, "said Christian Ledoux, a senior portfolio manager at San Antonio-...

  • Uber French ruling latest in series of challenges Friday, 12 Dec 2014 | 12:58 PM ET

    A judge ordered Uber's temporary suspension in Spain, saying it represents unfair competition. The Madrid commercial court judge said this week in a preliminary ruling that Uber drivers lacked proper permits to transport passengers in Spain. The suspension was sought by Madrid's Taxi Association, which is planning legal action against Uber.

  • *Oil refiners may pay $1 billion more in taxes. NEW DELHI, Dec 12- A plunge of nearly half in oil prices could help Indian Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion when he presents his 2015/ 16 budget in February, two government sources told Reuters. As a result, the government would claw back most of the money that India saves on oil...

  • French court says Uber may infringe on taxi law Friday, 12 Dec 2014 | 6:23 AM ET

    A judge ordered Uber's temporary suspension in Spain, saying it represents unfair competition. The Madrid commercial court judge said this week in a preliminary ruling that Uber drivers lacked proper permits to transport passengers in Spain. The suspension was sought by Madrid's Taxi Association, which says it is planning legal action against Uber.

  • MUMBAI, Dec 12- A ban on online taxi services in India, following the arrest in New Delhi of an Uber driver accused of rape, has brought uncertainty to the millions of dollars of international investment pumped into Uber's Indian rivals Ola and TaxiForSure. Ola raised $210 million in October from a group led by Japan's SoftBank Corp. TaxiForSure attracted $30...

  • MF Global's underwriters to settle suit for $74 mln Friday, 12 Dec 2014 | 5:40 AM ET

    Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...