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  • *NHTSA sets Dec. 1 deadline for Takata documents. DETROIT, Oct 30- U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. Takata spokesman Alby Berman said on Thursday the...

  • DETROIT, Oct 30- U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. Takata spokesman Alby Berman on Thursday said the company "is cooperating fully with NHTSA and is...

  • US turns up heat on Takata over air bag problem Thursday, 30 Oct 2014 | 1:39 PM ET

    DETROIT— U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. The National Highway Traffic Safety Administration also wants to know how many replacement parts Takata can make each day and what it has discussed with automakers...

  • Oct 30- An early warning last week from LPL Financial Holdings Inc that unexpectedly high regulatory costs would hurt third-quarter earnings failed to placate investors on Thursday, as shares tumbled after the brokerage firm reported actual results. LPL Financial, the largest independent brokerage firm with almost 14,000 brokers that use its products and...

  • Oct 30- The U.S. Department of Education will introduce new regulations next year in its latest attempt to improve the job prospects of those graduating from for-profit colleges and universities. "They dropped the cohort default so people say it's less bad than it was three months ago," Steve Gunderson, chief executive of the Association of Private Sector...

  • FTC accuses Gerber of false claim on baby formula Thursday, 30 Oct 2014 | 11:24 AM ET

    "We are defending our position because we believe we have met, and will continue to meet, all legal requirements to make these product claims," said Kevin Goldberg, vice president and general counsel for the New Jersey- based company. The FDA agreed, but only if Gerber qualified its statement by making clear that there was "little scientific evidence" for the...

  • MOSCOW, Oct 30- Russia won court approval on Thursday to seize shares held by a billionaire businessman's company in oil producer Bashneft over its "improper privatisation", marking a success for the latest state move to reclaim prized corporate assets. Moscow's Arbitration Court ruled in favour of prosecutors who said Bashneft was unlawfully sold to local...

  • MADRID, Oct 30- The Spanish government has decided to postpone its plans to privatise airport operator Aena with a $10 billion public share offer, a source with knowledge of the matter said on Thursday. The sale of a 49 percent stake in the world's biggest airports operator had promised to be the largest initial public offering in Europe this year.

  • UK financial adviser Sesame fined for fourth time Thursday, 30 Oct 2014 | 10:02 AM ET

    LONDON, Oct 30- Sesame, Britain's largest network of financial advisers, was fined on Thursday another 1.6 million pounds for trying to side-step a ban on inducements in an industry beset by misselling scandals. But it picked its providers on the basis of additional services they were prepared to buy from Sesame's companies, the Financial Conduct Authority...

  • *Bank makes provision to settle UK, US foreign exchange probes. LONDON, Oct 30- Barclays Plc set aside 500 million pounds in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. Barclays is one of six banks in talks with UK regulators to pay about 1.5...

  • LPL Financial profit falls as regulatory fines jump Thursday, 30 Oct 2014 | 6:29 AM ET

    Oct 30- LPL Financial Holdings Inc reported an 11.6 percent drop in quarterly profit as the brokerage faced more regulatory fines. Net income fell to $33.3 million, or 33 cents per share, in the third-quarter ended Sept. 30, from $37.6 million, or 36 cents per share, a year earlier. The company warned last week it spent $23 million in regulatory expenses in the third...

  • Oct 30- The U.S. Department of Education will introduce stricter regulations next year in its latest attempt to improve the job prospects of those graduating from for-profit colleges and universities. For-profit institutions, including Apollo Education Group Inc, Corinthian Colleges Inc and DeVry Education Group Inc, have been struggling to attract new...

  • Oct 29- The U.S. Equal Employment Opportunity Commission has sued Honeywell International Inc to stop the company from imposing penalties on employees who refuse to undergo testing under its corporate wellness program. Honeywell employees could be penalized up to $4,000 each, through surcharges and lost contributions to health plans, if they or their...

  • WhatsApp founders own nearly $9B in Facebook stock Wednesday, 29 Oct 2014 | 6:50 PM ET

    SAN FRANCISCO— WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month. The breakdown of the big winners in Facebook Inc.' s $22 billion acquisition emerged Wednesday in a regulatory...

  • WASHINGTON, Oct 29- U.S. safety regulators do not expect Japanese auto parts maker Takata Corp to be able to fully supply replacement parts for millions of defective air bags until after February, and urged Takata and the automakers it supplies to seek additional parts from other companies. Takata must boost production and even tap competitors to address...

  • WASHINGTON, Oct 29- The Depository Trust& Clearing Corp on Wednesday dropped a lawsuit against the U.S. swaps regulator, a court document showed, ahead of what two sources said was a possible rule change by the agency. DTCC, which performs back-office services for the Wall Street banks that own it, last year sued the Commodity Futures Trading Commission, which...

  • US agency sues Honeywell over wellness testing Wednesday, 29 Oct 2014 | 5:18 PM ET

    The Equal Employment Opportunity Commission has sued Honeywell to stop it from imposing penalties on employees who refuse certain wellness tests.

  • WASHINGTON, Oct 29- Cigarette maker Reynolds American's proposal to buy smaller rival Lorillard Inc presents antitrust regulators with a conundrum: Their mandate is to prevent higher prices because of mergers, but U.S. public policy aims to make cigarettes more expensive to discourage smoking. Reynolds, the No. 2 U.S. cigarette maker, said in July it would buy No. 3...

  • UPDATE 1-MetLife beats profit estimates as premiums rise Wednesday, 29 Oct 2014 | 4:51 PM ET

    Oct 29- MetLife Inc, the largest U.S. life insurer, reported a better-than-expected quarterly profit, helped by higher premiums and gains tied to its derivatives program. MetLife said earlier this month that it would fight a plan by the U.S. risk council to designate it as a firm whose demise could risk global finance, a tag that brings far greater regulatory...

  • UPDATE 1-Pfizer meningitis vaccine wins U.S. approval Wednesday, 29 Oct 2014 | 3:06 PM ET

    Oct 29- Pfizer Inc has won U.S. approval for its Trumenba vaccine against meningitis, a potentially deadly bacterial disease that has recently caused outbreaks on college campuses, the U.S. Food and Drug Administration said on Wednesday. It is the first approved U.S. vaccine that prevents invasive disease caused by the bacterium Neisseria meningitidis B, a...