US: Law and Regulation
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WASHINGTON, May 20- The U.S. Supreme Court on Monday ruled that the U.S. Federal Communications Commission has authority to try to speed up the process for installing wireless communications towers when local governments have been slow to act.
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Feb 15- U.S. securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3 G Capital.
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NEW YORK, Feb 15- U.S. securities regulators on Friday sued unknown traders over suspected insider trading in H.J. Heinz Co call options ahead of the announced buyout of the company.
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Feb 15- U.S. securities regulators on Friday filed suit against unknown traders in the options of ketchup maker H.J. Heinz Co, alleging they traded on inside information before the company announced a deal to be acquired for $23 billion by Warren Buffett's Berkshire Hathaway and Brazil's 3 G Capital.
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Feb 15- U.S. power company American Electric Power Co Inc said Friday it expects to spend $4 billion to $5 billion between now and 2020 to make its remaining coal plants compliant with current and proposed federal environmental regulations.
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In a letter to a company called Supplementality LLC, for example, FDA said the distributor was improperly offering products intended to diagnose, mitigate, prevent, treat or cure the flu virus, and demanded the company "immediately cease marketing" in this way.
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Investors who fled in fear over potentially massive tax increases associated with the "fiscal cliff" have barely broken a sweat over corresponding spending cuts.
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Feb 15- Dish Network Corp said on Friday it is writing down the assets of its Blockbuster stores in the United Kingdom, resulting in a pretax charge of $46 million for 2012, according to a regulatory filing.
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Feb 15- A 75- year-old Indiana grain farmer will take on global seed giant Monsanto Co at the U.S. Supreme Court next week in a patent battle that could have ramifications for the biotechnology industry and possibly the future of food production.
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*U.S. Supreme Court to consider same issue in April. CANBERRA, Feb 15- An Australian court ruled on Friday that two technology companies could hold a patent on genetic material related to cancer, in a case similar to one before the U.S. Supreme Court that has implications for gene-based medicine worldwide.
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Feb 14- Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple Inc in the fourth quarter, while other managers found discount retailers Dollar General Corp and Dollar Tree Inc attractive, regulatory filings showed on Thursday.
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Feb 14- AMR Corp and US Airways Group on Thursday sealed an $11 billion merger, but before they can welcome their first passenger onboard they have to get regulators to sign off and then integrate a web of intricate systems.
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*Tesoro's bid for BP's Carson plant investigated by FTC. WASHINGTON, Feb 14- Tesoro Corp., one of California's biggest gasoline producers, has made an aggressive play to buy a BP refinery in southern California but winning antitrust approval will be no slam dunk.
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MADRID, Feb 14- Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts.
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Feb 13- Inventors based in the United States led the world in nanotechnology patent applications and grants in 2012, according to a new study by law firm McDermott Will& Emory.
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Anheuser-Bush InBev changed terms of its proposed $20.1 billion acquisition of Mexican brewer Grupo Modelo in an attempt to get the deal past regulators.
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Hahn worked in Boston for Deutsche Bank's private wealth management division, a unit of Deutsche Bank AG, from 2008 to 2009. FINRA permanently barred him from the securities industry last year after a series of customer and regulatory complaints, according to a public disclosure report.
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Hahn worked in Boston for Deutsche Bank's private wealth management division, a unit of Deutsche Bank AG, from 2008 to 2009. FINRA permanently barred him from the securities industry last year after a series of customer and regulatory complaints, according to a public disclosure report.
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MEXICO CITY, Feb 13- The legal framework governing Mexico's state-run energy sector will require major changes if the country is to boost production and attract significant private investment, a top official for oil major Royal Dutch Shell said. Mexico nationalized its oil industry in 1938, and deep reform would require changes to the constitution.
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A federal judge has dismissed antitrust lawsuits accusing Visa, MasterCard, JPMorgan Chase, Bank of America and Wells Fargo of conspiring to fix automated teller machine fees.
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WASHINGTON, Feb 13- The top U.S. audit watchdog said the federal government is "simply wrong" in its decision to include the non-profit corporation on a list of agencies facing steep automatic budget cuts if Congress fails to act. The White House and its Office of Management and Budget did not respond to requests for comment.