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  • NEW YORK— Sun Pharmaceuticals will sell the rights to one generic drug as part of its purchase of competitor Ranbaxy Laboratories, U.S. antitrust regulators said Friday. The Federal Trade Commission said the companies will sell Ranbaxy's interests in generic minocycline, an antibiotic used to treat several types of infections. Torrent Pharmaceuticals, an...

  • Alibaba promises more action against fake goods Friday, 30 Jan 2015 | 11:05 AM ET

    BEIJING— E-commerce giant Alibaba pledged Friday to do more to fight online sales of counterfeit goods, quickly settling a public dispute with a Chinese regulator after the value of its U.S.-traded shares plunged. Alibaba founder Jack Ma and the director of the Cabinet's State Administration of Industry and Commerce met and pledged to cooperate more...

  • PARIS, Jan 30- Search engine Google has agreed to better inform users about how it handles their personal information after an investigation by Britain's data protection regulator found its privacy policy was too vague. As a result, Google will not be fined by the United Kingdom for its actions, in contrast to France and Spain where regulators imposed penalties...

  • BEIJING, Jan 30- China's securities regulator said on Friday it will punish five fund management companies for faulty internal controls that led to insider trading, another move in a Beijing's widening crackdown on Chinese brokerages and fund managers. The China Securities Regulatory Commission named only two of the five: China Asset Management Co Ltd and...

  • China's new tech rules play to local firms' strengths Thursday, 29 Jan 2015 | 11:59 PM ET

    BEIJING/ SAN FRANCISCO, Jan 30- Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. Western companies say the rules have not yet been...

  • UPDATE 1-U.S. FDA approves Bristol-Myers, J&J HIV pills Thursday, 29 Jan 2015 | 6:35 PM ET

    Jan 29- The U.S. Food and Drug Administration on Thursday approved two fixed-dose HIV pills that combine protease inhibitors- one made by Bristol-Myers Squibb Co and the other by Johnson& Johnson- both with a boosting agent produced by Gilead Sciences Inc.. Bristol-Myers said its drug, Evotaz, is a once-daily pill containing Reyataz, also known as atazanavir, a...

  • U.S. FDA approves Bristol-Myers' HIV drug Thursday, 29 Jan 2015 | 5:44 PM ET

    Jan 29- The U.S. Food and Drug Administration has approved the sale of Evotaz, a once-daily combination pill to treat HIV made by Bristol-Myers Squibb Co, the company said on Thursday. The new drug combines Reyataz, also known as atazanavir, a Bristol-Myers' protease inhibitor, with cobicistat, a boosting agent produced by Gilead Sciences Inc..

  • Exploding air bag may have killed Texas man Thursday, 29 Jan 2015 | 4:14 PM ET

    HOUSTON— Federal safety regulators are looking into the death of a Texas man who may be the latest victim of exploding automobile air bags made by Takata Corp. of Japan. Senator Bill Nelson, D- Fla., said Thursday on the Senate floor. Honda said in a statement that the car was part of a 2011 national recall to fix the driver's air bag inflators, but records show the...

  • 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...