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  • Wellmark Health proposed the increases for 16 of its plans, including one increase of nearly 35 percent, in filings with state regulators and the U.S. Department of Health and Human Services. Iowa- based insurers proposed rate increases of at least 10 percent for 30 separate plans, according to the federal HHS. The company serves 1.7 million Iowa residents.

  • DETROIT, June 2- Millions of owners of vehicles equipped with Takata air bags may have to get repairs done more than once because of shortages of replacement parts and uncertainty over whether repair parts already installed are defective, auto industry officials and safety regulators said on Tuesday. A House subcommittee has scheduled a hearing for 2 p.m. EDT...

  • BRUSSELS, June 2- U.S. tech firm Disconnect has filed a complaint to EU antitrust regulators against Google's ban on its privacy app, accusing the Silicon Valley giant of abusing its dominant market position. Google was not willing to engage in a dialogue, "Disconnect Chief Executive Casey Oppenheim told Reuters on Tuesday. The European Commission, which opened a...

  • LISBON, Portugal— A senior Portuguese official on Tuesday gave the two bidders in the privatization of TAP Air Portugal three days to improve their offers, hinting the flag carrier's sale could be called off if they don't. The government announced last month it had accepted to consider bids for 61 percent of the state-owned airline from David Neeleman, who...

  • Michael Burgess, R- Texas, said at a subcommittee hearing to question federal regulators and officials from Takata Corp., the Japanese company that makes the air bags. Takata agreed last month to expand its year-old recall to 33.8 million air bags defective under pressure from the National Highway Traffic Safety Administration, which is now overseeing the...

  • BB&T CEO: New world of banking   Tuesday, 2 Jun 2015 | 6:44 AM ET
    BB&T CEO: New world of banking

    Kelly King, BB&T chairman & CEO, discusses the banking giant's plans for expansion, and the overall health of lending and small business.

  • June 2- Kraft Foods Group Inc and Mondelez International Inc petitioned a judge to dismiss two counts in a case filed by the U.S. Commodity Futures Trading Commission that alleged the companies manipulated wheat prices. The CFTC in April accused Kraft Foods and Mondelez of making massive bets in Chicago's futures markets in late 2011 as part of a plot to drive...

  • WASHINGTON, June 1- A leading mutual fund trade group is asking U.S. regulators to pressure their international counterparts to abandon efforts to draft criteria that could be used by countries to designate large funds as systemically risky. In a May 28 letter made public on Monday, Investment Company Institute President Paul Schott Stevens told the heads of...

  • WASHINGTON, June 1- First Tennessee Bank agreed to pay $212.5 million to resolve a case involving Federal Housing Administration- insured mortgage lending, the U.S. Justice Department said on Monday. Benjamin Mizer of the Justice Department's Civil Division said First Tennessee's "reckless underwriting has resulted in significant losses of federal funds...

  • Mark Rosekind, administrator of NHTSA, will be one of the witnesses on Tuesday at a subcommittee hearing on the safety of Takata Corp air bag parts. About 34 million vehicles equipped with Takata air bag parts have been recalled in the United States. He will also note that no root cause has been found for the malfunctioning of some Takata air bags, which have been...

  • New California water rules fall short: Scientists Monday, 1 Jun 2015 | 4:34 PM ET
    The remnants of a marina are seen at the New Melones Lake reservoir east of Stockton, California, which is now at less than 20 percent capacity.

    California's new urban water use rules go into effect Monday, but the state must do more to prepare for the "new normal," a group of scientists say.

  • June 1- Takata Corp has told U.S. safety regulators it will no longer use a volatile chemical in its air bag inflators, which have been linked to six deaths since 2008.. The agreement to stop using ammonium nitrate was detailed by Takata executive Kevin Kennedy, in written testimony ahead of a hearing before a U.S. House panel on Tuesday. Discovery of a root cause of...

  • DETROIT, June 1- Takata Corp has told U.S. safety regulators it will no longer use a volatile chemical in its air bag inflators. The agreement to cease using ammonium nitrate was detailed by Takata executive Kevin Kennedy, in written testimony ahead of a hearing before a U.S. House panel on Tuesday. Discovery of a root cause of Takata's air bag problems "is not...

  • NEW YORK— Movie theater operator AMC Entertainment Holdings Inc. disclosed Monday that it received two requests for documents from U.S. agencies relating to an investigation of anticompetitive conduct. A spokesman from the Justice Department and a spokeswoman from the Ohio attorney general office declined to comment. Shares of AMC Entertainment fell 45...

  • Court bars defamation claim against Remington Monday, 1 Jun 2015 | 12:11 PM ET
    A shooter takes aim with a Remington Model 700 SPS Varmint rifle at the Spurwink Rod and Gun Club in Cape Elizabeth, Maine, Jan. 28, 2013.

    The Montana man who raised allegations about Remington Arms and its Model 700 rifle cannot sue the company, a court has ruled.

  • Companies landing subsidies   Monday, 1 Jun 2015 | 11:41 AM ET
    Companies landing subsidies

    One of the biggest industries receiving government subsidies is agriculture, reports CNBC's Eamon Javers.

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday ruled in favor of a Muslim woman who sued after being denied a job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wore a head scarf for religious reasons. On a 8-1 vote, the court handed a victory to the U.S. Equal Employment Opportunity Commission, a federal agency that sued the company on behalf of...

  • Muslim woman wins Abercrombie headscarf case Monday, 1 Jun 2015 | 10:39 AM ET
    Samantha Elauf (R) and her mother Majda Elauf of Tulsa, Oklahoma, pose for photographers outside the U.S. Supreme Court after the court heard oral arguments in EEOC v. Abercrombie & Fitch February 25, 2015 in Washington, DC.

    The US Supreme Court ruled in favor of a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie & Fitch.

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday ruled in favor of a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wore a head scarf for religious reasons. On a 8-1 vote, the court handed a win to the U.S. Equal Employment Opportunity Commission, a federal agency that sued the company on...

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday ruled in favor of a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wore a head scarf for religious reasons. On a 8-1 vote, the court handed a win to the U.S. Equal Employment Opportunity Commission, a federal agency that sued the company on...