WASHINGTON, July 28- The U.S. Commerce Department has put on hold at least two companies' requests for permission to sell lightly processed crude abroad, effectively stalling an industry push to export an expanding glut of oil amid the U.S. shale revolution, sources said.» Read More
*Russia to appeal "politically biased decision". MOSCOW/ LONDON/ AMSTERDAM, July 28- An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
July 28- Smith& Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas.
Analysts, who were surprised by the decision, said the issues cited by the FDA were "rather mild" and expected Zalviso to eventually receive approval. The FDA in its complete response letter sought more data to ensure proper use of the device but did not ask for additional human clinical trials.
US stocks head lower to start the week; European markets sink lower Lands of opportunity: Foreign markets fueling growth of US tech trendsetters, other companies Dollar Tree buying peer Family Dollar Stores for approximately $8.5 billion Zillow buying Trulia in $3.5 billion deal to create online real estate titan Pending sales of US homes fell 1.1 percent in June; pace remains slower than in 2013 US stock market opens mixed on Wall Street; Family Dollar and Trulia jump on merger news Tyson to sell Mexico, Brazil poultry operations for $575 million in cash Lloyds bank to pay $400 million to settle with US, British regulators over market rigging Healthy sales, cheap yen help push Nissan quarterly profit up with North America, China growth Virgin America files for initial public offering, size and timing still to be determined
Meera Joshi, NYC Taxi & Limousine CEO, discusses the launch of ride-sharing service Lyft in New York City, officially taking on rival Uber.
President Barack Obama could act without Congress to limit U.S. corporations moving their tax domiciles abroad in inversion deals, a tax expert says.
July 28- Shares of AcelRx Pharmaceuticals Inc plunged nearly 28 percent in premarket trading, after the U.S. Food and Drug Administration rejected its pain drug device, Zalviso, late on Friday. AcelRx said it would resubmit its marketing application for Zalviso by the end of the year, pending further discussions with the FDA.
BRUSSELS— The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services. The takeover of Beats Electronics and Beats Music announced in May for $2.6 billion in cash and $400 million in stock is the most expensive acquisition in Apple's 38- year history.
Tim Skeet, managing director for financial institutions DCM at RBS, says that "economics is remodelling itself" and that the financial sector needs more regulation.
WASHINGTON, July 28- President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.
BELGRADE, July 27- Serbia's government adopted a new privatisation bill and proposed changes to bankruptcy law on Sunday to speed up the sale of loss-making state-owned companies. The laws, which have yet to be passed by parliament, are a pre-condition for the release of a $250 million World Bank budget support loan.
BELGRADE, July 27- Serbia's government adopted a new privatization bill and proposed changes to bankruptcy law on Sunday to speed up the sale of loss-making state-owned companies. The laws, which have yet to be passed by parliament, are a pre-condition for the release of a $250 million World Bank budget support loan.
The FHFA filed 18 lawsuits against Goldman and other banks in 2011 over about $200 billion in mortgage-backed securities that later went sour.
NEW YORK, July 26- A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.
DETROIT, July 26- Nissan Motor Co has expanded by 226,326 vehicles a recall of older models equipped with defective air bags made by Japan's Takata Corp, Nissan said in an amended filing posted Saturday by U.S. safety regulators.
NEW YORK, July 25- Lyft Inc will launch ride-sharing operations on Friday evening in New York City after reaching an agreement with New York authorities over the company's compliance with state licensing and insurance regulations.
The Securities and Exchange Commission announced the settlement with Citigroup's LavaFlow Inc. on Friday. The settlement includes a $2.85 million penalty, the largest the SEC has imposed on an alternative trading system.
NEW YORK, July 25- A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect clients' confidential trading data, U.S. regulators said on Friday.
SEATTLE— An Amazon.com employee from out of town was the operator of a drone that buzzed the Seattle Space Needle this week, police said. Amazon.com Inc. recently asked the Federal Aviation Administration for permission to use drones as part of plans to deliver packages to customers in 30 minutes or less.
WASHINGTON, July 25- A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients' confidential trading data, U.S. regulators said Friday.