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  • *Latest setback for Google already mired in privacy, other issues. BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging anti-trust regulators to break up Google, the latest setback for the world's most popular Internet search engine. Google has been in the EU's regulatory sights since 2010, and is also grappling with...

  • BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking them up. The resolution did not mention Google or any specific search engine, though Google is by far the dominant provider of such services in Europe with an...

  • JAKARTA, Nov 27- Indonesia's main anti-graft watchdog is planning a sector-wide audit of the country's oil and gas industry next year, the latest step in a push to clean up the energy sector and restore investor confidence in Southeast Asia's biggest crude producer. The audit could lead to further prosecutions, Johan Budi, deputy chairman for the Corruption...

  • DETROIT, Nov 26- The U.S. National Highway Traffic Safety Administration on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave Takata until Tuesday to declare that its air bag inflators are defective and issue a recall. Shares in Takata plunged as much as 7.9...

  • FDA rejects Avanir's migraine drug-device Wednesday, 26 Nov 2014 | 5:30 PM ET

    Nov 26- The U.S. Food and Drug Administration rejected Avanir Pharmaceuticals Inc's migraine drug device, a few weeks after the regulator had raised questions regarding some data submitted as part of the marketing application. Earlier this month the FDA had asked Avanir to assess the root cause of errors observed in the data from the drugmaker's human factors...

  • FTC approves Medtronic acquisition of Covidien Wednesday, 26 Nov 2014 | 4:41 PM ET

    NEW YORK— The U.S. Federal Trade Commission said Wednesday that it approved Medtronic's $42.9 billion acquisition of Covidien after the medical device maker agreed to sell a business that makes a type of catheter used in veins. Medtronic said it will sell Covidien's drug-coated balloon catheter business to Colorado Springs, Colorado- based The...

  • WASHINGTON, Nov 26- Medtronic Inc has won U.S. antitrust approval to buy Dublin- based Covidien Plc on condition that it sell its drug-coated balloon catheter business, the Federal Trade Commission said on Wednesday. Medtronic and Covidien shareholders will vote on the merger on Jan. 6. Medtronic is the world's largest stand-alone medical device maker, with a...

  • Bristol-Myers: FDA blocks hepatitis C drug for now Wednesday, 26 Nov 2014 | 1:37 PM ET

    U.S. regulators have declined to approve Bristol-Myers Squibb's daclatasvir as part of a combination hepatitis C treatment with another antiviral drug called asunaprevir. The FDA then requested more data on the effects of daclatasvir in combination with other drugs for treating hepatitis C, currently one of the hottest areas in drug research.

  • WASHINGTON, Nov 26- AT&T Inc sought to clarify to U.S. regulators its plans to pause investments in high-speed Internet connections until "net neutrality" rules are settled, saying in a letter on Wednesday that the plans related to new and not existing commitments. The FCC pressed AT&T to specify how its response would play into the company's planned $48.5...

  • DETROIT, Nov 26- The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave Takata until Tuesday to issue a recall. A letter from NHTSA to Takata Senior Vice President Kazuo Higuchi obtained by Reuters said Takata's...

  • US agency threatens to act against air bag maker Wednesday, 26 Nov 2014 | 11:38 AM ET

    DETROIT— A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver's air bag inflators are defective and to agree to a nationwide recall. In a letter to Takata's Washington office, the National Highway Traffic Safety...

  • Amazon drones already grounded?     Wednesday, 26 Nov 2014 | 11:07 AM ET

    Jon Steinberg, Daily Mail North America CEO, and the "Squawk Alley" team, discuss if FAA regulations will make drone use too expensive for small businesses and unusable for many commercial applications.

  • WASHINGTON, Nov 26- The Obama administration on Wednesday proposed stricter curbs on ground-level ozone, a pollutant linked to several serious health conditions, in a move industry groups said would place a heavy burden on the U.S. economy. The Environmental Protection Agency said it would set National Ambient Air Quality Standard between 65 and 70 parts per...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. Chrysler's delay in alerting owners of potential defects in Takata air bags "exacerbates the risk to motorists' safety," the NHTSA said in a...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. The Fiat Chrysler Automobiles unit is at the "rear of the pack" among automakers in telling its customers of the possible dangers of Takata's air bags,...

  • TOKYO, Nov 26- Japan's transport ministry said on Wednesday it received a report of an "unusual deployment" of a Takata Corp air bag outside an existing recall programme- raising the prospect that recalls could be expanded in Japan. Officials at the ministry, Japan's auto safety regulator, told reporters a passenger-side air bag exploded as it was being removed...

  • The Fed plans beefier capital standards for GE unit Tuesday, 25 Nov 2014 | 6:04 PM ET

    The Federal Reserve will create stricter rules on General Electric's finance unit, similar to standards imposed on large banks.

  • WASHINGTON, Nov 25- The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. "GE Capital has been preparing for the enhanced regulatory standards provided for in the Dodd-Frank Act," company spokesman...

  • Microsoft to pay China $140 mln for 'tax evasion' Tuesday, 25 Nov 2014 | 4:38 PM ET

    SEATTLE, Nov 25- China has levied about $140 million in back taxes from Microsoft Corp in the first major case concerning cross-border tax evasion in the country, as regulators ramp up pressure on U.S. corporations doing business there. "In 2012 the tax authorities of China and the United States agreed to a bilateral advanced pricing agreement with regards to...

  • HSBC to pay $12.5 million to settle SEC charge Tuesday, 25 Nov 2014 | 4:37 PM ET

    The SEC says HSBC Private Bank began doing so more than 10 years ago and collected fees totaling about $5.7 million. HSBC, Europe's largest bank by market value, said in a statement that it is pleased to have reached a settlement with the SEC. According to the SEC, HSBC Private Bank decided to exit the U.S. cross-border business in 2010..