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  • DETROIT, Oct 20- Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators. That raised the number of vehicles affected by regional recalls launched in...

  • NEW YORK, Oct 20- A Toronto man accused by the U.S. Securities and Exchange Commission of insider trading related to Herbalife Ltd on Monday sued the federal regulator agency to stop it from pursuing its case. In a complaint filed in Manhattan federal court, Jordan Peixoto said the SEC's administrative proceeding against him deprives him of protections he would...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • Judge to rule against Ameren in power line case Monday, 20 Oct 2014 | 3:28 PM ET

    JEFFERSON CITY, Mo.— A judge said Monday that he will rule against a subsidiary of Ameren Corp. in a legal fight over whether it needs state regulators' permission to build a high-voltage power line across northern Missouri. Cole County Circuit Judge Dan Green said he's inclined to reject Ameren's request for a declaration that the Missouri Public Service...

  • District Judge Shira Scheindlin in New York ordered Wyly and the estate of his late brother Charles to pay damages of $187.7 million plus interest to the SEC, after a jury found them liable for fraud in May. The SEC has since said the total, including interest, should be $299.4 million, which is one of the largest awards ever sought from individual defendants.

  • WASHINGTON, Oct 20- Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. The recommendation by the Securities Industry and Financial Markets Association was one of several unveiled on...

  • Lorillard CEO to get $44M after Reynolds merger Monday, 20 Oct 2014 | 12:21 PM ET

    RICHMOND, Va.— The CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc., regulatory filings show. Murray Kessler is one of several Lorillard executives to receive compensation if they're terminated after the deal closes, according to a filing with the...

  • WASHINGTON, Oct 20- The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion. Sysco and U.S. Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide variety of goods from napkins to eggs to cleaning...

  • *Deregulation not to impact India's diesel exports. NEW DELHI, Oct 20- India's scrapping of diesel price controls opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms. Reliance Industries plans to revive its old business cautiously, while...

  • Feds nix wind farm near Erie airport, cite radar Monday, 20 Oct 2014 | 8:22 AM ET

    The FAA had previously approved the wind farm in North East Township. But when that approval expired in May, the FAA revisited the question of radar safety and earlier this month decided it would be a problem, the Erie Times-News reported Monday. "The analysis done by FAA Technical Operations indicates that all of the wind turbines would be in the radar line of...

  • Sprint cuts 452 jobs at its Kansas headquarters Saturday, 18 Oct 2014 | 3:36 PM ET

    OVERLAND PARK, Kan.— Sprint Corp. has cut 452 jobs from its Overland Park headquarters as part of a previously announced cost-cutting effort, the nation's third-biggest cellphone carrier disclosed in a filing with the Kansas Department of Commerce. It doesn't cover any job losses outside the headquarters campus, although they are believed to be happening too,...

  • MEXICO CITY/ DETROIT/ TOKYO, Oct 18- Manufacturing problems with Takata Corp air bags go beyond what the Tokyo- based company has disclosed to U.S. safety regulators about why the devices are at risk of exploding with dangerous force, according to internal company documents reviewed by Reuters. Takata has cooperated with an investigation begun in June by...

  • Regulators close small Maryland bank Friday, 17 Oct 2014 | 8:04 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over NBRS Financial Bank of Rising Sun, Maryland. Howard Bank of Ellicott City, Maryland, has agreed to pay the FDIC a premium of 1.19 percent to assume all of the failed bank's deposits. Depositors of NBRS Financial will automatically become depositors of Howard Bank, the FDIC said.

  • North Dakota well leaking oil, gas and water Friday, 17 Oct 2014 | 6:23 PM ET

    WILLISTON, N.D.— Workers are attempting to contain an out-of-control oil well in North Dakota, authorities said Friday. North Dakota regulators said a well near Watford City in the western part of the state has been leaking oil, gas and water since Thursday. The well is about 4 miles northwest of Watford City and is operated by ExxonMobil subsidiary XTO Energy Inc..

  • Data analytics company Workiva files for IPO Friday, 17 Oct 2014 | 6:11 PM ET

    Morgan Stanley and Credit Suisse are among the major underwriters for the offering, the company said in a regulatory filing on Friday. The company had more than 2,100 enterprise customers as of Sept. 30, including JPMorgan Chase& Co, Philip Morris International, Boeing Co and Wal-Mart Stores Inc. The Ames, Iowa- based company's net loss widened to $28.4 million in...

  • Hedge fund seeks board seats at Family Dollar Friday, 17 Oct 2014 | 5:35 PM ET

    Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. Family Dollar said previously that regulators are less likely to raise antitrust concerns in a deal with Dollar Tree. Elliott Management said that Family Dollar missed a chance to get Dollar General and Dollar Tree into a bidding war.

  • NEW YORK, Oct 17- A slowdown in stock quote updates to the trading platform of OTC Markets on Friday led brokerage watchdog the Financial Industry Regulatory Authority to halt trading for almost two hours. OTC Markets is a marketplace for about 10,000 securities, some of them foreign, that are not listed on the New York Stock Exchange or Nasdaq.

  • Chimerix gets FDA OK to test drug for Ebola Friday, 17 Oct 2014 | 10:54 AM ET

    Chimerix Inc. said Thursday that it has received FDA clearance to proceed with a trial examining the safety and effectiveness of its brincidofovir tablets in patients who have the virus. Chimerix did not immediately return requests for comment. Chimerix is working with the U.S. Department of Defense on developing the drug as a treatment against smallpox.

  • Vermont Yankee: Shutdown to cost $1.24 billion Friday, 17 Oct 2014 | 9:51 AM ET

    Bill Mohl, president of Entergy Wholesale Commodities, a subsidiary of Vermont Yankee owner Entergy Corp., said the tally is based on federal Nuclear Regulatory Commission rules allowing a reactor owner to mothball the plant for up to 60 years to allow radioactive components to become less so and to allow the fund to grow. But Mohl also said Entergy hopes not to...

  • Lloyd Blankfein on volatility     Friday, 17 Oct 2014 | 9:11 AM ET

    CNBC's Carl Quintanilla speaks to Goldman Sachs CEO Lloyd Blankfein about bank regulations and market volatility.