US: Law and Regulation
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BRUSSELS, Jan 31- EU antitrust regulators charged pharmaceutical firms Johnson& Johnson and Novartis on Thursday over the delay of a generic competitor for painkiller fentanyl in the Dutch market.
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FRANKFURT, Jan 31- Deutsche Bank posted a $3.5 billion quarterly loss as it took legal and restructuring charges aimed at drawing a line under past scandals and boosting its capital position in a tougher regulatory and trading environment.
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Jan 30- Wall Street creditors on Wednesday asked a U.S. judge overseeing America's biggest municipal bankruptcy to knock down a legal hurdle keeping them from pushing Alabama's Jefferson County for higher sewer rates to service $3.14 billion of defaulted debt.
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*Sale of California plants not ruled out. HOUSTON, Jan 30- Phillips 66 is studying "any and all options" for its California refineries given challenges with state regulatory requirements and high costs, Chief Executive Greg Garland told analysts on Wednesday.
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*Argentine suit stems from $19 bln ruling against Chevron. BUENOS AIRES, Jan 30- An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of the plaintiffs' lawyers said on Wednesday.
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BUENOS AIRES, Jan 30- An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of the plaintiffs' lawyers, Enrique Bruchou, told Reuters on Wednesday. Two Chevron affiliates, Chevron Argentina and Ing.
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BRUSSELS, Jan 30- EU regulators are considering charging more firms with anti-competitive practices in using injunctions to prevent rivals using their patents rather than negotiating fair fees, a month after taking action against Samsung Electronics, the EU's antitrust chief said on Wednesday.
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BRUSSELS, Jan 30- EU antitrust regulators blocked a 5.2 billion euro bid by United Parcel Service Inc for TNT Express, denting the world No. 1 package delivery company's hopes of expanding its presence in Asia and Latin America. The European Commission said UPS had not offered adequate concessions to ensure the deal would not hurt consumers.
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BRUSSELS, Jan 30- EU antitrust regulators blocked a 5.2 billion euro bid by United Parcel Service Inc for TNT Express as expected, saying the firm had not offered adequate concessions to ensure the deal would not hurt consumers.
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Jan 30- A U.S. federal court has ruled Samsung Electronics Co did not willfully infringe on some of Apple Inc's patents and denied a request by the U.S. technology giant to raise damages awarded to it in its legal fight against the South Korean firm, court documents showed.
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*Banks' wealth management business positive for China- regulator. SHANGHAI, Jan 30- China's banking regulator will strengthen regulation of banks that use faulty accounting practices to disguise losses on the high-yield investment products that are increasingly replacing traditional deposits as banks' key sources of funding.
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SEOUL, Jan 30- A U.S. court has ruled that Samsung Electronics Co did not willfully infringe on some of Apple Inc's patents and denied a request by the U.S. firm to raise patent damages awarded to it in its legal dispute against the South Korean firm, a court ruling showed on Wednesday.
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Chesapeake Energy, battling a governance crisis and financial strain, said that CEO Aubrey McClendon is leaving the company.
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*Drug from Sanofi and Isis Pharmaceuticals to be sold as Kynamro. *FDA requiring four post-marketing studies. Jan 29- The U.S. Food and Drug Administration on Tuesday approved a drug made by Sanofi SA and Isis Pharmaceuticals Inc designed to treat a rare genetic disorder that causes dangerously high levels of bad LDL cholesterol.
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*Drug from Sanofi and Isis Pharmaceuticals to be sold as Kynamro. *FDA requiring four post-marketing studies. Jan 29- The U.S. Food and Drug Administration on Tuesday approved a drug made by Sanofi SA and Isis Pharmaceuticals Inc designed to treat a rare genetic disorder that causes dangerously high levels of bad LDL cholesterol.
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WASHINGTON, Jan 29- Senator Carl Levin for years tried to close U.S. corporate tax loopholes but failed to persuade many fellow Democrats. His panel, which has oversight over government operations, has no power to enact tax law, and neither tax-writers nor Senate leadership have taken up his cause.
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WASHINGTON, Jan 29- The Justice Department and the Department of Homeland Security are examining the proposed takeover of Sprint Nextel by Japan's Softbank Corp for national security and other issues, and have asked the U.S. telecommunications regulator to defer any action on the deal.
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DETROIT, Jan 29- Michigan Governor Rick Snyder asked the state Supreme Court to rule whether a law passed last month making payment of union dues voluntary is constitutional, a move critics said was designed to circumvent legal challenges by labor unions.
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*Spain, Italy amongst weakest countries. LONDON, Jan 29- European companies are having to reassess the cost of a rush of takeovers in more buoyant times as regulators call time on outdated asset values.
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MILAN/ SIENA, Jan 29- Alessandro Profumo went to Monte dei Paschi to stage a financial turnaround; now one of Italy's most renowned bankers must also drag the 540- year-old institution out of a legal and political mire.
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