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  • Family Dollar delays vote on Dollar Tree deal Tuesday, 23 Dec 2014 | 10:59 AM ET

    MATTHEWS, N.C.— Family Dollar says it has delayed a shareholder vote on its proposed acquisition by Dollar Tree until Jan. 22. Family Dollar Stores Inc. has been courting multiple buyout offers. The judge determined that Family Dollar's board acted reasonably in not negotiating with Dollar General, because of antitrust risks and uncertainty that regulators...

  • Report advises Iowa to wait on drone regulation Tuesday, 23 Dec 2014 | 9:38 AM ET

    IOWA CITY, Iowa— Iowa should take a wait-and-see approach to regulating unmanned aerial vehicles because of their huge potential for positive uses in business and government, the Iowa Department of Public Safety advises in a new report. Farmers use the pilotless aircraft to check on their crops, and University of Iowa scientists are deploying them in research.

  • Dec 23- A Financial Industry Regulatory Authority arbitration panel ordered Cantor Fitzgerald& Co and BGC Financial LP to jointly pay about $1 million in damages to a former employee for breach of contract. Raymond Walton alleged that Cantor Fitzgerald and BGC Financial failed to pay him agreed-upon amounts. Attorneys for Walton, Cantor Fitzgerald and BGC...

  • Israel challenges natural gas developers over monopoly Tuesday, 23 Dec 2014 | 6:18 AM ET

    JERUSALEM— Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry. A conglomerate of companies including Texas- based Noble Energy and Israel's Delek Group has been developing Israel's offshore natural gas deposits,...

  • BEIJING, Dec 23- Investor Warren Buffett's NetJets Inc has been caught by surprise by headwinds in China amid Beijing's austerity drive and a slowing economy, the business aircraft supplier's chief executive officer said. Less than three months after NetJets won regulatory approval to provide charter services in China, business in and around China is...

  • NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...

  • PG&E discloses more emails with state regulators Monday, 22 Dec 2014 | 6:17 PM ET

    SAN FRANCISCO— California's largest power utility released a dozen more emails Monday that it said showed improper back-channel discussions between the utility and top state regulators. The emails date back to 2010 and feature a Pacific Gas& Electric Co. executive who has since left the company, Brian Cherry, describing private discussions with California...

  • NEW YORK/ SANTIAGO- A former board member of Chile's CFR Pharmaceuticals SA was charged on Monday by U.S. regulators with insider trading on information regarding Abbott Laboratories' $2.9 billion acquisition of CFR earlier this year. Hurtado earned nearly $500,000 in profits, according to the SEC. According to the SEC, Bilbao first learned of Abbott's...

  • WASHINGTON, Dec 22- U.S. Federal Communications Commission on Monday once again paused its review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, citing delays in getting documents from Time Warner Cable. The FCC said it learned this month that Time Warner Cable had improperly withheld more than 7,000 documents the regulators had...

  • JERUSALEM, Dec 22- Israel's antitrust authority said Monday it may revoke an arrangement permitting an Israeli and a U.S. company to develop Israel's largest natural gas field by branding them a cartel. The authority summoned representatives of Israel's Delek Group and Texas- based Noble Energy and told them it was "still considering to announce that buying...

  • UPDATE 1-CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 3:43 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • NEW YORK— Eli Lilly will sell its heartworm treatment for dogs to garner U.S. approval for its $5.4 billion acquisition of the animal health division belonging to Norvartis. The Federal Trade Commission said Monday that it is requiring the sale of Eli Lilly's Sentinel heartworm products because the Novartis deal would reduce competition and lead to higher...

  • FAA's drone do's & dont's  Monday, 22 Dec 2014 | 1:17 PM ET
    A SteadiDrone QU4D aerial drone fitted with a GoPro video camera.

    With the consumer drone market soaring, CNBC's Josh Lipton discusses new FAA rules for drone operators.

  • CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 1:12 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • TripAdvisor fined $600,000 by Italian anti-trust Monday, 22 Dec 2014 | 1:02 PM ET

    MILAN— Italy's antitrust authority has fined travel planning website TripAdvisor 500,000 euros following complaints of improper business practices lodged by a national hoteliers' association and a consumer protection agency. The antitrust authority said in a statement Monday that TripAdvisor had failed to adopt controls to prevent false reviews,...

  • US, industry launch drone safety campaign Monday, 22 Dec 2014 | 11:20 AM ET

    The campaign includes a website— www.knowbeforeyoufly.com— which advises both recreational and commercial drone operators of FAA regulations and how to fly their unmanned aircraft safely. The campaign was announced by the Association for Unmanned Vehicle Systems International and the Small UAV Coalition, both industry trade groups, and the Academy of...

  • BioCryst gets FDA approval for flu drug Rapivab Monday, 22 Dec 2014 | 11:07 AM ET

    NEW YORK— BioCryst Pharmaceuticals said Monday that U.S. regulators approved its drug Rapivab, an intravenous treatment for the flu. Shares of BioCryst Pharmaceuticals Inc. rose 17 cents to $11.33 in morning trading. Rapivab, or peramivir, was approved in Japan and South Korea in 2010 and is marketed in Japan by Shionogi and Co. It is only available in Korea on a...

  • Dec 22- Ocwen Financial Corp's executive chairman and founder, William Erbey, will step down as part of a $150 million legal settlement with New York's financial regulator. The settlement payment will be toward New York housing programs and foreclosed homeowners. New York Financial Services superintendent Benjamin Lawsky accused the company of harming...

  • *Regulators want to set capital "floor" for industry. *Proposals will reduce reliance on external credit ratings. LONDON, Dec 22- Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk.

  • NY requires Ocwen reforms, $150M homeowner help Monday, 22 Dec 2014 | 9:30 AM ET

    ALBANY, N.Y.— New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation's largest subprime mortgage servicer to reform its practices and provide $150 million to help struggling New York homeowners. The consent order requires William Erbey to resign as executive chairman of the corporation and chairman of four...