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  • *GE, Honeywell blame strong dollar for lower revenue. April 17- The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings. Both Honeywell International and General Electric blamed the strong dollar...

  • Chinese e-commerce company Baozun files for U.S. IPO Friday, 17 Apr 2015 | 4:17 PM ET

    April 17- Chinese e-commerce company Baozun Inc filed with U.S. regulators for an initial public offering of American Depository Shares. Morgan Stanley, Credit Suisse and BofA Merrill Lynch are underwriting the IPO, the company said in a preliminary prospectus filed with the U. S Securities and Exchange Commission on Friday. Baozun counts Alibaba Investment...

  • April 17- Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter. Time Warner Cable shares were trading down 5.1 percent at $150.08 on the New York Stock Exchange while...

  • April 17- Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported, citing people familiar with the matter. A review could come as soon as next week, people familiar with the matter told Bloomberg. Time Warner and Comcast did...

  • *Separate from Google antitrust investigation. BRUSSELS, April 17- Internet platforms such as Google, Microsoft and Yahoo! European Commission Vice-President Andrus Ansip is expected to formally announce the new strategy on May 6.

  • The generic, called Glatopa, is made by Sandoz, a unit of Swiss drug company Novartis AG, and U.S.-based Momenta Pharmaceuticals. The Food and Drug Administration approved the drug Thursday. But Teva Pharmaceutical Industries, which makes Copaxone, has said it expects generic versions of the drug to go on sale in the U.S. in September.

  • NEW YORK, April 17- U.S. regulators on Friday voted to open a swath of government-controlled airwaves for commercial use by tech and telecom companies such as Verizon Communications Inc and Google Inc as they seek to meet growing data demands from new wireless devices. The Federal Communications Commission voted unanimously to chalk out a process to allow...

  • NEW YORK— U.S. stocks are moving lower in midday trading following steep declines in Europe and some disappointing results from big companies. Investors are worried about Greece's shaky finances and news from China Friday that regulators would tighten rules on borrowing by investors to buy stocks following big gains this year. In the U.S., American Express...

  • Google's EU showdown offers openings to competitors Friday, 17 Apr 2015 | 11:58 AM ET

    That appears to be the European Union's strategy to pursue Google in a competition dispute by choosing to push a narrow set of charges around its shopping service, while opening another investigation of Google's Android mobile phone software. In accusing Google of anti-competitive practices against rival shopping sites, the EU competition authority said...

  • WASHINGTON— The Obama administration took a first step Friday toward a possible increase in fees charged for oil and gas companies to drill on federal lands. The Bureau of Land Management issued a notice seeking public comment on whether regulations are needed to give the government more flexibility in setting its fees. The Government Accountability Office...

  • LONDON, April 17- Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.S. legislators. "If and when sanctions are lifted, EIA's baseline forecast for world crude oil prices in 2016 could be reduced $5- $15 per barrel," Adam Sieminski said to the...

  • BEIJING, April 17- China's bank regulator temporarily suspended this week new financial industry cybersecurity rules after feedback from banks, showing the practical challenges of the nation's long-term effort to cut dependence on entrenched foreign technology. China has recently advanced a wave of new policies to tighten cybersecurity roughly 18...

  • WILLISTON, N.D., April 17- Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to their business models. Calpers and other investors will tell the SEC...

  • China suspends bank-technology rules that sparked worry Thursday, 16 Apr 2015 | 11:40 PM ET

    BEIJING, April 17- China has put on hold bank-technology rules that Washington and others complained amount to unfair regulatory pressure on foreign firms, a government notice seen by Reuters said. Secretary of Commerce Penny Pritzker visits China on a high-profile trade mission to drum up business for U.S. firms. "I think the government concern is reasonable,...

  • WASHINGTON, April 16- Iraq is committed to making difficult reforms to its bureaucracy and regulations for foreign companies in order to attract much-needed investment, Prime Minister Haidar al-Abadi said at a Washington forum on Thursday. "In Iraq I think it's playing a role in delaying investment. The fiscal crisis in Iraq had focused officials' minds on the...

  • Family Endowment Partners LP and its head, Lee Weiss, steered the couple, James and Jane Sutow, to a $9 million investment in Biosyntec Polska, according to an American Arbitration Association ruling on Tuesday. The firm, which also has offices in Pennsylvania and Maryland, manages $335 million in assets, according to a regulatory filing. The Sutows lost a total of...

  • MIAMI, April 16- Boost Mobile, part of Sprint Corp, on Thursday launched a prepaid plan for U.S. consumers calling and texting Cuba, taking advantage of new, relaxed U.S. commercial regulations with the Communist-run island nation. The Obama administration's new Cuban policy regulations approved by the Treasury and Commerce departments have opened the door for...

  • Judges Thomas Griffith and Brett Kavanaugh, both of the U.S. Court of Appeals for the District of Columbia Circuit, asked if it was too early to address whether the Environmental Protection Agency had the legal authority to regulate power plants, as proposed under the administration's Clean Power Plan. The high-profile hearing featured arguments by Laurence...

  • April 16- Venture capital firm Andreessen Horowitz has hired Facebook Inc's former general counsel Ted Ullyot for handling its policy and regulatory affairs. Ullyot has earlier been a litigation partner in Kirkland& Ellis LLP. President George W. Bush and chief of staff at the Justice Department under former attorney general Alberto Gonzales.

  • Penn National updates plans for Plainville slot parlor Thursday, 16 Apr 2015 | 1:31 PM ET

    BOSTON— Massachusetts is inching closer to the official launch of its casino industry, as Penn National Gaming submitted revised plans Thursday for a slot parlor slated to open in June along the Rhode Island border while regulators highlighted steps the state still needs to complete before it can oversee gambling operations. Plans for Plainridge Park still...