US: Law and Regulation
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MEXICO CITY, March 15- An ambitious government plan to shake up Mexico's phone and television markets passed its first hurdle in Congress just days after it was unveiled, but political sniping, legal risks and the power of industry giants could still blunt or delay it.
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*Brazil's non-oil states dominate in congress. BRASILIA, March 14- Brazil's President Dilma Rousseff signed into law on Thursday a bill stripping oil-producing states of billions in royalty earnings to share them with non-producing regions, but a legal challenge is expected to the hotly-contested change.
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TOKYO, March 15- Boeing Co said its proposed fix for problems relating to the lithium-ion batteries on its 787 Dreamliner would eliminate the risk of fire, as the company seeks to reassure regulators and the public about the jet's safety and get it flying again.
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*Exchanges scheduled to be up and running on Jan. 1, 2014. WASHINGTON, March 14- The U.S. government could have to run more state health insurance exchanges than expected under President Barack Obama's healthcare law, if U.S. states pursuing their own marketplaces cannot complete them on time, a senior official said on Thursday.
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BOSTON, March 14- Hedge fund manager William Ackman said on Thursday that Herbalife Ltd, the nutritional supplements company he is betting against, was like another multilevel marketing company that U.S. regulators shut down in January.
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March 14- New York utility regulators on Thursday approved a proposal to seek 1,350 megawatts of generation or transmission later in March to keep the power grid reliable in case Entergy Corp's Indian Point nuclear power plant is closed.
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BOSTON, March 14- Hedge fund manager William Ackman said on Thursday that Herbalife Ltd, the nutritional supplements company he is betting against, was similar to another multilevel marketing company that U.S. regulators shut down in January.
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NEW YORK, March 13- The legal battle over New York City's ban of large sugary drinks is set to continue in early June, after a New York appellate court agreed on Wednesday to hear the city's appeal of a ruling that struck down the new law.
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WASHINGTON, March 13- The U.S. International Trade Commission said on Wednesday that it would delay a decision on allegations that Apple infringed upon patents owned by Samsung Electronics in making the iPod touch, iPhone and iPad. The ITC said it would now issue a decision on May 31.
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Democrats will unveil a budget blueprint that will slice the deficit by $1.85 trillion through spending cuts and tax increases.
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*Listing assets in Cairo may have become more risky. DUBAI, March 13- A regulatory battle over an offer to buy out shareholders in Orascom Construction Industries may inflict damage on the Cairo stock market that lingers long after Egypt's politics stabilise and the economy recovers.
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March 13- Online travel agency Priceline.com' s $1.8 billion deal to acquire smaller rival Kayak Software Corp, which was expected to close this month, will be delayed due to a prolonged review by UK antitrust regulators. Ascendiant Capital Markets analyst Edward Woo said the delay could be because of the OFT's 2012 investigation of online travel agencies.
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SEATTLE, March 12- Boeing Co got approval from U.S. transport regulators on Tuesday to start testing a redesigned battery for the 787 Dreamliner, putting it one step closer to getting its most troubled airplane back into regular service. Boeing's shares closed up 1.5 percent, hitting an almost five-year high, and extended gains in after-hours trade.
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*MetroPCS fights back against activists ahead of April 12 vote. NEW YORK, March 12- MetroPCS Communications Inc fought back against shareholder criticism of its proposed merger with T-Mobile USA on Tuesday, the same day that the U.S. Federal Communications Commission approved the deal.
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March 12- Maurice "Hank" Greenberg, the former American International Group Inc chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer's bailout to roughly $55.5 billion from $25 billion.
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SAN FRANCISCO, March 12- A U.S. appeals court on Tuesday revived a lawsuit against United Continental Holdings Inc's United Airlines that was brought by a woman who claimed she was not promptly provided a wheelchair in an airport when she asked for one.
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WASHINGTON, March 12- Mary Jo White, President Barack Obama's choice to lead the U.S. Securities and Exchange Commission, told lawmakers that her past legal work for Wall Street clients would not prevent her from being a tough financial watchdog.
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SEC nominee Mary Jo White told lawmakers on Tuesday she does not believe her prior work defending big Wall Street clients will hinder her ability to lead the agency.
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WASHINGTON, March 12- Mary Jo White, President Barack Obama's choice to lead the U.S. Securities and Exchange Commission, told lawmakers considering her candidacy that her past legal work for big Wall Street clients would not impede her job at the agency.
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LONDON, March 12- Kenya's peaceful election has given investors an added impetus to buy assets in East Africa's biggest economy, but a legal challenge to the result and the possible international trial of the winner could dampen enthusiasm.