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  • FTC settles case against 'revenge porn' site operator Thursday, 29 Jan 2015 | 3:44 PM ET

    WASHINGTON— A Colorado man accused of operating a "revenge porn" website has settled with federal regulators who said he broke the law by posting nude pictures of women without their consent or knowledge. The FTC says Craig Brittain of Colorado Springs, Colo., ran the website isanybodydown.com, which is no longer operational. The FTC says Brittain advertised a...

  • SAN FRANCISCO, Jan 29- Alibaba Group Holding Ltd's underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce. Now, Wall Street is cutting back on expectations in part because of fears that Chinese...

  • WASHINGTON, Jan 29- The U.S. Federal Communications Commission raised a record-breaking $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, far surpassing the expectations of experts and industry analysts. Major bidders included wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc as well as satellite TV...

  • Jan 29- U.S. vehicle safety regulators want to find whistleblowers with knowledge "of possible defects or any wrongdoing" by Takata Corp, stepping up pressure on the air bag maker whose products are linked to five deaths and dozens of injuries. The National Highway Traffic Safety Administration told Reuters it was urging potential informants to call its...

  • FDA expands use of Imbruvica to treat rare form of cancer Thursday, 29 Jan 2015 | 11:29 AM ET

    Jan 29- The U.S. Food and Drug Administration said it cleared an expanded use of Imbruvica to treat Waldenström's macroglobulinemia, a rare form of cancer that begins in the body's immune system. The approval represents a fourth indication for the drug, sold by Johnson& Johnson and Pharmacyclics Inc, since its initial approval in November 2013.

  • Jan 29- Venaxis Inc said its appendicitis test was not found to be substantially equivalent to standard of care by the U.S. health regulator. Venaxis' blood-based test, APPY1, helps identify patients who are less likely to develop acute appendicitis. The company said it would consider exploring different study protocols to address the U.S. Food and Drug...

  • SHANGHAI, Jan 29- Chinese banks seeking to profit from the country's stock market frenzy have bought into the recent surge in margin finance, foiling regulatory efforts to reduce debt-fueled speculation and amplifying the risk if the rally turns into a rout. That exposes China's banking system to greater risks, even as lenders struggle with an economic...

  • Ducey explains decision to stop citing Uber, Lyft drivers Thursday, 29 Jan 2015 | 12:44 AM ET

    Doug Ducey on Thursday said he stopped state regulators from citing drivers for rideshare companies such as Uber and Lyft because the policy wasn't working and was hampering job creation. It comes as the Legislature works on a deal allowing the new and growing ridesharing industry to operate legally while protecting consumers. The Legislature passed a bill...

  • *Stock regulator to inspect 46 firms on margin trading-Xinhua. SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system.

  • SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system. "The inspection belongs to normal regular supervision and should not be...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a crash which could strain the financial system. "The inspection belongs to normal regular supervision and should not be...

  • "net neutrality" rules are expected to regulate for the first time deals in which content companies such as Netflix Inc pay broadband providers to connect with their networks for smooth downloads, according to people familiar with the plan. The new draft is expected to expand the authority of the FCC to previously unregulated traffic exchange deals, known as...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a sudden reversal. "The inspection belongs to normal regular supervision and should not be over-interpreted," Xinhua said...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies as part of what it called normal supervision, the official Xinhua news agency reported late on Wednesday. Three sources told Reuters on Wednesday that Chinese regulators would launch a fresh investigation into stock margin trading, and banks have been...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • S&P close to $1.37B deal over risky mortgage bond ratings Wednesday, 28 Jan 2015 | 3:22 PM ET

    WASHINGTON— Standard& Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. The credit rating agency is expected to sign an agreement to settle with the Justice Department and about 20 state...

  • BISMARCK, N.D.— A pipeline that ruptured recently in North Dakota and spilled nearly 3 million gallons of saltwater produced during oil drilling wasn't inspected by the state before being installed, according to state regulators. Alison Ritter, a spokeswoman for the North Dakota Industrial Commission, which oversees the state's oil and gas industry, said...

  • Abiomed hits all-time high on sales, new device clearance Wednesday, 28 Jan 2015 | 12:49 PM ET

    NEW YORK— Shares of Abiomed surged to an all-time high Wednesday after posting strong third-quarter results and gaining marketing approval for a new heart device. The Food and Drug Administration granted a humanitarian device exemption for Abiomed's Impella RP, meaning it can be put into use without typical delays. Abiomed Inc. also topped Wall Street...

  • New rules in China upset western tech companies Wednesday, 28 Jan 2015 | 12:15 PM ET

    The Chinese government has adopted new regulations for companies that sell computer equipment to Chinese banks, The New York Times reports.