LAS VEGAS-- Pinnacle has reached an agreement in principle with federal regulators on the structure of its proposed acquisition of rival Ameristar Casinos Inc..
June 15- Aetna Inc said on Saturday it has notified California's insurance regulator that it plans to stop selling health policies to individual consumers in the state at the end of 2013..
The letter, which was reviewed by Reuters, was sent on May 21 by former securities broker David Evansen to Richard Ketchum, the chief executive officer of the Financial Industry Regulatory Authority and Susan Axelrod, FINRA's executive vice president of regulatory operations.
WASHINGTON, June 14- A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
SolarCity Corp. shares jumped Friday after a CreditSuisse analyst upgraded the company's stock. THE SPARK: Analyst Satya Kumar raised SolarCity to "Outperform" from "Neutral" based on new financing arrangements, lower operating costs and potential favorable changes to the regulatory environment in California.
*Russia says U.N. decisions by' consensus' are too vague. *Belarus, Ukraine back Moscow after defeat in Qatar. Seething after they were overruled in a consensus decision at U.N. talks in Qatar last year, Russia, Belarus and Ukraine blocked one strand of two-week climate talks in Bonn ending on Friday, by insisting on clearer rules for decision-making.
DETROIT, June 14- Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan.
Biotech drugmaker Amgen Inc. said Thursday that the Food and Drug Administration has approved a new use for its bone drug Xgeva. The company, based in Thousand Oaks, Calif., said it now can market Xgeva for treating a rare condition, giant cell tumor of bone, when surgery isn't practical.
*Royalty wins relief to appeal Takeover Panel ruling. DUBLIN, June 13- Royalty Pharma won an Irish court injunction against a regulator on Thursday, allowing the U.S. company to appeal a ruling on conditions that threaten to scupper its hostile bid for Elan Corp.. However, this was change forbidden by the Irish Takeover Panel.
*Myriad Genetics shares rise after ruling, then fall. WASHINGTON, June 13- A unanimous U.S. Supreme Court on Thursday prohibited patents on naturally occurring human genes but allowed legal protections on synthetically produced genetic material in a compromise ruling hailed as a partial victory for patients and the biotechnology industry.
June 13- The U.S. Supreme Court decided on Thursday that human genes cannot be patented, but said patents on synthetically produced genetic material are valid. The Supreme Court case involved Myriad Genetics Inc and its patents on two genes known to raise the risk of breast and ovarian cancers.
Among the initial public offerings stories for Thursday, June 13, from AP Business News:. _ Shares of beauty products company Coty Inc. dropped in their first day of trading on the New York Stock Exchange. _ HD Supply may raise up to $1.33 billion in its initial public offering, according to a filing by the industrial distributor with federal regulators.
June 13- New York utility regulators on Thursday approved Canadian power company Fortis Inc's $1.5 billion purchase of CH Energy Group Inc, the parent of New York power company Central Hudson.
NORTH LITTLE ROCK, Ark.-- State and federal authorities want a judge to find ExxonMobil broke the law when a pipeline failed at Mayflower and spilled an estimated 150,000 gallons of crude oil in a neighborhood and adjacent waterway, authorities announced Thursday.
June 13- New York utility regulators on Thursday approved Canadian power company Fortis Inc's $1.5 billion agreement to buy CH Energy Group Inc, the parent of New York power company Central Hudson.
*Standard Chartered's Meddings, Sainsbury's King possible candidates. LONDON, June 13- Royal Bank of Scotland will struggle to recruit a suitable replacement for ousted chief executive Stephen Hester, someone who must steer it through privatisation and accept that political interference comes with the job.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."