Nikkei Closes Down Over 7% After Volatile Session
US: Law and Regulation
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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.
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Illinois, which has the worst-funded state pension system in the United States, has agreed to settle charges alleging it repeatedly misled municipal bond investors about the underfunding of its pensions.
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WASHINGTON, March 11- The top tax law writer in the U.S. House of Representatives will pitch a plan to revamp the taxation of many small businesses, and some large ones, on Tuesday in his latest bid to rewrite the tax code. Dave Camp, chairman of the House Ways and Means Committee, has said he wants to pass tax reform legislation this year.
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NEW YORK, March 11- New York City's plan to ban large sugary drinks from restaurants, movie theaters and other establishments was invalidated by a judge on Monday, the day before the new law was to take effect.
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NEW YORK, March 11- A judge on Monday invalidated New York City's plan to ban large sugary drinks from restaurants, movie theaters and other establishments, one day before the new law was to take effect.
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NEW YORK, Feb 19- A judge on Monday invalidated New York City's plan to ban large sugary drinks from restaurants and other eateries, one day before the new law was to take effect.
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March 11- The New York State Psychiatric Association and consumers with health insurance from UnitedHealth Group Inc on Monday sued the company over mental health benefits, saying it had not provided the treatments that federal and state laws require.
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March 11- The New York State Psychiatric Association and consumers with health insurance from UnitedHealth Group Inc on Monday sued the company over mental health benefits, saying it had not provided the treatments that federal and state laws require.
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March 11- U.S. nuclear regulators on Monday rejected an appeal by UniStar, a unit of French power company Electricite de France, against a decision barring it from building a third reactor at the Calvert Cliffs nuclear plant in Maryland.
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*Buyout offer of $9.56/ ADS values co at about $500 mln. March 11- Simcere Pharmaceutical Group received a buyout offer from a consortium led by founder-chairman Jinsheng Ren, the latest in a series of China- based companies going private to avoid regulatory scrutiny in the United States.
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NAIROBI, March 11- Kenya's Supreme Court will handle any challenge to the result of last week's presidential election in a fair and speedy manner, the chief justice said on Monday, two days after defeated candidate Raila Odinga threatened legal action over the outcome.