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  • Lawsky proposes bitcoin regulation changes  Thursday, 18 Dec 2014 | 11:34 AM ET

    Benjamin Lawsky, New York Superintendent of Financial Services, is proposing changes to bitcoin and other virtual currencies. CNBC's Mary Thomson reports the details.

  • New York regulator lays out tweaks to bitcoin rules Thursday, 18 Dec 2014 | 11:30 AM ET

    WASHINGTON, Dec 18- New York state plans to soften proposed rules for virtual currencies such as bitcoin, its banking regulator said on Thursday, after receiving a round of public comments. Start-up companies dealing in the budding technology could get a two-year partial waiver from complying with the full set of rules to help them continue their business, New...

  • France fines 13 firms $1.2 bln for price-fixing Thursday, 18 Dec 2014 | 7:24 AM ET

    PARIS— Penalizing a dirty business involving cleaning products, French regulators fined 13 consumer-products makers about 950 million euros for price fixing on goods like shampoos, detergents and toothpaste. France's competition authority said Thursday that the companies sought to maintain "artificially high" prices in negotiations with supermarkets...

  • SAN JOSE, Calif., Dec 18- Google will try to persuade a U.S. judge on Thursday to dismiss an antitrust lawsuit over its Android smartphone operating system, as the Internet search company faces increased regulatory pressure from European authorities. The hearing in San Jose, California, federal court is over the lawsuit filed by two smartphone consumers who say...

  • Amid scrutiny, Vegas hotelier wins gambling license Thursday, 18 Dec 2014 | 2:14 AM ET

    LAS VEGAS— The man who started a hospitality empire with a Los Angeles nightclub and turned the Sahara Hotel and Casino on the Las Vegas Strip into a hipper, sleeker destination is facing questions from gambling regulators for the second time this month about his cocaine use and questionable business dealings. Sam Nazarian is expected to appear before the...

  • Circus disputes citation for hair-hanging accident Thursday, 18 Dec 2014 | 1:25 AM ET

    PROVIDENCE, R.I.— Ringling Bros. and Barnum& Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a spokesman for circus parent company Feld Entertainment, said this week that although...

  • *China watching rouble closely as Russian currency collapses. BEIJING, Dec 18- China is closely monitoring the slide in the Russian rouble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy imports struggles to avoid a free-fall. Wang Yonggui, head of policy and regulations for the State Administration of Foreign...

  • Nightlife king faces queries from gaming regulator Wednesday, 17 Dec 2014 | 8:55 PM ET

    LAS VEGAS— A Los Angeles nightlife entrepreneur who revamped Las Vegas' Sahara Hotel and Casino into a hipper, sleeker destination is getting ready to defend his past again so he can obtain a Nevada gambling license after admitting recent cocaine use and explaining his curious business dealings with felons. "What he has run into is history," said Michael Green, a...

  • CALGARY, Alberta, Dec 17- Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall. In a letter to Canada's National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because it has walked away...

  • Motiva backs off hydrocracker expansion at Texas refinery Wednesday, 17 Dec 2014 | 3:19 PM ET

    HOUSTON, Dec 17- Motiva Enterprises has withdrawn its permit request to expand a hydrocracker and diesel hydrotreater unit at its Texas refinery, the largest in the United States. In a brief letter received by the U.S. Environmental Protection Agency earlier this month, Motiva asked, without explanation, to withdraw its August permit application for the...

  • SAO PAULO, Dec 17- Grupo BTG Pactual SA's Chilean unit obtained a permanent banking license to operate in the country on Wednesday, allowing Latin America's largest independent investment bank to start operations in Chile by the end of January. In a statement, BTG Pactual said the unit, known as Banco BTG Pactual Chile, wanted a full banking license in Chile to "grow...

  • ND fines company $687,500 for disposal violations Wednesday, 17 Dec 2014 | 2:27 PM ET

    BISMARCK, N.D.— North Dakota regulators assessed a $687,000 fine Wednesday against a Utah company for violating saltwater waste disposal rules. Jack Dalrymple, approved the sanction against Springville, Utah- based Redemption Energy LLC. Lynn Helms, director of the state Department of Mineral Resources, told the commission the company showed "very little...

  • Sprint accused of billing for unwanted services Wednesday, 17 Dec 2014 | 1:00 PM ET

    WASHINGTON— Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers hundreds of millions of dollars in charges for text message alerts and other services that they didn't order. The Consumer Financial Protection Bureau said Wednesday that it has sued the third-largest U.S. cellphone carrier over billing for...

  • Nevada regulators reject tribal solar plant again Wednesday, 17 Dec 2014 | 11:35 AM ET

    LAS VEGAS— Nevada regulators on Wednesday refused a second request to waive competitive bids for utility company NV Energy to buy solar power from a proposed solar generation station on the Moapa River Paiute Indian Reservation outside Las Vegas. Proponents said they hope the company will try again, while state Bureau of Consumer Protection chief Eric...

  • UPDATE 2-Regulators extend tax probe to all 28 EU nations Wednesday, 17 Dec 2014 | 10:52 AM ET

    BRUSSELS, Dec 17- European Union competition regulators have asked all 28 member countries for details of tax deals made with companies between 2010 to 2013, broadening their investigation into corporate tax avoidance. The move by the European Commission follows ongoing inquiries into Luxembourg's tax rulings for carmaker Fiat Chrysler and online giant...

  • UPDATE 1-Pozen says FDA rejects lead drug again Wednesday, 17 Dec 2014 | 8:18 AM ET

    Dec 17- Pozen Inc said two versions of its experimental heart drug were rejected for the second time by the U.S. Food and Drug Administration, which again cited deficiencies in the manufacturing plant of a supplier of an active ingredient. Pozen's shares fell nearly 23 percent to $6.99 in premarket trading on Wednesday. Pozen, which first received the rejection...

  • BEIJING/ SHANGHAI, Dec 17- Deep-pocketed Chinese rivals and tough regulators stand in the way of U.S. car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tieup with domestic internet giant Baidu Inc.. "You have to do things differently in order to succeed here in China," Uber Chief Executive Travis...

  • MEXICO CITY, Dec 16- Mexico's telecommunications regulator IFT has approved a plan from dominant broadcaster Televisa that lays out how the company will share infrastructure with competitors in order to avoid stiff penalties tied to its share of controlling more than half the market, the watchdog said on Tuesday. The plan is part of a process that Televisa, the...

  • NEW YORK/ LOS ANGELES, Dec 16- The National Labor Relations Board is expected to rule soon on if, and how, companies can be held responsible for labor violations carried out by their contractors or franchisees- a move that could have far-reaching implications for businesses. In fact, if a conflict is found between the NLRB's stance and findings from other state and...

  • Cuba to renegotiate wages paid by foreign companies Tuesday, 16 Dec 2014 | 3:13 PM ET

    HAVANA, Dec 16- Communist-run Cuba will renegotiate wages for some 40,000 nationals working in joint ventures with foreign companies, driving up labor costs as Cuba actively seeks foreign investment crucial to its economic growth plans. The new regulations, published in official media on Tuesday, no longer allow companies to pay the minimum wage in Cuba and...