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  • MEXICO CITY, June 30- Total Mexican oil and gas reserves fell last year as state-owned oil company Pemex was unable to certify enough new discoveries to compensate for current production, the country's oil regulator CNH said on Tuesday. Mexico's total proven and probable oil reserves slid 7.4 percent from the previous year to 22.983 billion barrels of oil...

  • The state Public Utilities Regulatory Authority issued a draft decision saying that Spain's Iberdrola has not provided "any measurable or quantifiable commitments" that assure regulators that ratepayers will not be harmed by its plan to buy UIL Holdings Corp.. The agency said it cannot conclude that Iberdrola and UIL Holdings "will continue to possess the...

  • ERIE, Pa.— The Erie Coke Corp., after spending millions of dollars on pollution control improvements and fines, has satisfied environmental regulators who tried to shut it down. Court filings show Erie Coke is no longer obligated to operate under court-enforced settlements because pollution was successfully curtailed at the northwestern Pennsylvania...

  • NEW YORK— Shares of Pentair jumped Tuesday after regulatory filings showed activist investor Nelson Peltz's Trian Fund Management has taken a stake in the water and fluid-products systems company and is pushing it to consider acquisitions. Pentair PLC was the largest gainer on the S&P 500 index Tuesday, as its stock rose $4.32, or 6.7 percent, to $68.75.

  • WASHINGTON— The makers of the potent painkiller OxyContin have pulled out of a federal meeting to review the company's harder-to-abuse version of the much-debated drug. As a result, the company has withdrawn its application that was slated to be reviewed before a Food and Drug Administration committee next week. FDA meetings are typically planned months in...

  • NEW YORK, June 30- A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices, in a victory for the U.S. Justice Department. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in...

  • NEW YORK— Apple violated antitrust laws by colluding with publishers to raise electronic book prices when it entered a market in 2010 that had been dominated by Amazon.com, a divided federal appeals court panel said Tuesday. A three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan ruled 2- to-1 that a lower-court judge correctly found Apple...

  • NEW YORK, June 30- A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in imposing an injunction to prevent a...

  • LONDON, June 30- In a rare defeat for the U.S. Environmental Protection Agency, the U.S. Supreme Court ordered it on Monday to reconsider whether the EPA's regulations on mercury and other toxic emissions from power plants are appropriate and necessary. While the EPA considered the costs and benefits of various regulatory options later in the rule-writing...

  • *Total China stock market leverage may be around 4 trillion yuan. SHANGHAI/ HONG KONG, June 30- Despite reassurances by regulators that margin debt in China's stock markets remains manageable, total leverage could be as much as $645 billion- magnifying risks not just for retail investors, but also the thinly stretched corporate sector. That rapid run-up in...

  • The report by the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of world leaders each January, says major disruptions are in store for many once highly profitable financial services businesses. Exemplifying the trend, UK regulators last week granted a banking license to Atom, a "branch-free, paper-free" institution...

  • Still, the court's willingness to rein in the EPA emboldened opponents of Obama's climate change agenda, who said the court had finally woken up to what they call the haphazard and costly nature of the environmental regulations that Obama has put forth. Mike Duncan, president of the American Coalition for Clean Coal Electricity, which lobbies for the coal...

  • LAS VEGAS— Bragging rights are usually the only reward at the end of a well-played video game. Nevada is on the cusp of what could be a casino revolution that turns aisles of slot machines into something more akin to an adult's arcade. Nevada's unanimously approved Senate Bill 9 was backed by the slot machine industry and regulators are in the thick of crafting...

  • SHANGHAI, June 30- The recent sharp pullback in equities is unhealthy for stable market development, a spokesperson for China's securities regulator said on its official blog. Risks from brokerages' margin financing business are also controllable, the China Securities Regulatory Commission spokesperson said in the blog posting on Monday evening.

  • RALEIGH, N.C.— Duke Energy Corp. CEO Lynn Good is getting a raise a year after the country's largest electric company confronted a coal ash spill that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals, the company said in a regulatory filing Monday. Duke Energy's board of directors approved raising Good's annual salary by $50,000...

  • WASHINGTON, June 29- The Supreme Court on Monday dealt a blow to a sweeping U.S. air pollution regulation aimed primarily at curbing emissions of mercury from coal-fired power plants by ruling that the Obama administration wrongly failed to consider compliance costs. "EPA is disappointed that the court did not uphold the rule, but this rule was issued more than...

  • And that was before Puerto Rico Governor Alejandro Garcia Padilla admitted Monday that the country's budget gap was bigger than thought and it could not repay more than $70 billion in debt. Over the past year, funds run by Goldman Sachs Group Inc have increased their exposure to Puerto Rico to attract yield-hungry investors, U.S. regulatory filings show.

  • PRETORIA, June 29- South Africa's energy regulator rejected on Monday a request from cash-strapped utility Eskom to raise tariffs, and the state-owned power company said it would consult with the government on alternative ways of funding. Eskom, which provides virtually all of South Africa's electricity, is scrambling to repair its aging power plants and...

  • WASHINGTON, June 29- Private equity giant Kohlberg Kravis Roberts& Co. will pay nearly $30 million to settle civil charges that it misallocated more than $17 million in expenses and breached its fiduciary duty to clients, U.S. regulators said. The settlement marks the most high-profile case brought by the Securities and Exchange Commission to date against a...

  • BRUSSELS, June 29- Google Inc has been given until mid-August to head off EU charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission in April accused Google of distorting search results to favour its shopping service, hurting both rivals and consumers. The EU enforcer said Google's...