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  • Boston expands lawsuit against state gambling commission Thursday, 21 May 2015 | 10:33 AM ET

    BOSTON— An amended lawsuit filed by the city of Boston is asking a judge to bar the current Massachusetts gaming regulators from any future action on the $1.7 billion casino proposed for neighboring Everett. Mayor Marty Walsh announced Thursday the city amended its complaint that challenges the Massachusetts Gaming Commission's decision to award Wynn...

  • Latin American bidders vie for Portuguese flag carrier Thursday, 21 May 2015 | 10:25 AM ET

    LISBON, Portugal— The Portuguese government says it will hold talks with two Latin American airline operators to decide which of the two will be sold a 61 percent stake in state-owned flag carrier TAP Air Portugal. The government said in a statement Thursday that bids from David Neeleman, who founded Brazil's third-largest airline Azul, and from German...

  • RIYADH, May 21- Saudi Arabia's market regulator has recommended nine current or former officials at Saudi Arabian telecom operator Mobily be prosecuted for violations that include insider trading, a local financial news website reported on Thursday. The Capital Market Authority, which has been investigating Mobily since the company slashed 18 months of...

  • South Jersey Gas reapplies to build Pinelands pipeline Thursday, 21 May 2015 | 6:59 AM ET

    UPPER TOWNSHIP, N.J.— South Jersey Gas is again seeking permission to build a 22- mile natural gas pipeline in New Jersey's Pinelands. The company argues the pipeline to the B.L. England Generating Station in Upper Township meets standards for approval. In a statement, New Jersey Sierra Club director Jeff Tittel called the company's decision "outrageous."

  • May 21- The Kuala Lumpur- based Islamic Financial Services Board is preparing guidelines for Islamic capital market products, retakaful and stress testing, as the industry body tightens oversight of market practices. IFSB guidelines allow national financial regulators to have the final say on how they apply standards, but its prescriptive approach is...

  • Japanese zoos to stop buying Taiji dolphins   Wednesday, 20 May 2015 | 9:24 PM ET
    Japanese zoos, aquariums to stop buying Taiji dolphins

    Ric O'Barry, head of Ric O'Barry's Dolphin Project, discusses news that Japan's association of zoos and aquariums will stop buying dolphins caught in the waters of Taiji.

  • CORRECTED-Japan approves third nuclear plant for restart Wednesday, 20 May 2015 | 7:44 PM ET

    TOKYO, May 20- Japan's nuclear regulator signed off on the basic safety of a reactor at a third nuclear plant on Wednesday, as the country inches toward rebooting its atomic industry more than four years after the 2011 Fukushima disaster. The decision will be a boost for operator Shikoku Electric Power Co, which relied on its sole Ikata nuclear power station in...

  • NEW YORK/ LONDON, May 20- A U.S. regulator has granted a series of waivers to JPMorgan Chase& Co and four other major banks allowing them to continue their usual securities business, after they agreed to plead guilty to criminal charges. Four of the banks- Barclays Plc, JPMorgan, Citigroup Inc and the Royal Bank of Scotland Plc- pleaded guilty to manipulating foreign...

  • NetApp to cut 500 jobs Wednesday, 20 May 2015 | 5:23 PM ET

    May 20- Data storage equipment maker NetApp Inc is cutting about 500 jobs, after it reported weak fourth-quarter results and gave current quarter forecast below estimates. The company said it expected to incur charges of about $25 million to $35 million related to the terminations, the company said in a regulatory filing. Most of the charges will be recognized...

  • LONDON, May 20- The European Union risks pricing itself out of the global economy by excessive regulation, British finance minister George Osborne said on Wednesday, making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member. Osborne was addressing business leaders in London in one of his first major speeches after an...

  • May 20- U.S. healthcare conglomerate Johnson& Johnson said on Wednesday it expects to submit more than 10 new medicines with annual revenue potential of at least $1 billion each to regulators by 2019, and is testing dozens of new uses for existing medicines. J&J said it would file for approval of daratumumab for the blood cancer multiple myeloma in the United...

  • New York's top financial regulator to step down Wednesday, 20 May 2015 | 2:12 PM ET

    ALBANY, N.Y.— Benjamin Lawsky, New York state's top financial regulator who collected billions of dollars in penalties and fees from Wall Street giants, announced Wednesday that he will step down. Lawsky, who was appointed the first superintendent of the Department of Financial Services in 2011, plans to open a New York- based legal and consulting business and be...

  • NEW YORK/ LONDON, May 20- Citigroup Inc and JPMorgan Morgan Chase& Co are receiving regulatory waivers to allow them to continue to quickly issue new securities and continue doing business with mutual funds and exchange-traded funds, according to two people familiar with the matter. Barclays Plc, another bank that agreed to plead guilty on Wednesday to U.S....

  • NY cuts red tape in pesticide regulations for farmers Wednesday, 20 May 2015 | 12:47 PM ET

    ALBANY, N.Y.— The Cuomo administration is cutting some red tape to make it easier for farmers to comply with pesticide regulations. The changes came out of a new Task Force on Lessening Obstacles to Agriculture, which is made up of state agency officials and representatives from the agriculture industry. Jeff Williams of the New York Farm Bureau said the new task...

  • Utility regulators keep wind power negotiations alive Wednesday, 20 May 2015 | 12:34 PM ET

    AUGUSTA, Maine— Utility regulators moved one step closer Wednesday to entering into a long-term contract with developers hoping to sell power generated by a wind project in Somerset County. The Maine Public Utilities Commission voted 2-1 to modify and approve the terms of an agreement with NextEra Energy Resources LLC to ensure that the state is getting the...

  • NEW YORK, May 20- U.S. healthcare conglomerate Johnson& Johnson said on Wednesday it expects to submit more than 10 new medicines with annual revenue potential of at least $1 billion each to regulators by 2019, and is testing dozens of new uses for existing medicines. J&J said it would file for approval of the experimental drug daratumumab for the blood cancer...

  • J&J says will submit 10 medicines to regulators by 2019 Wednesday, 20 May 2015 | 9:20 AM ET

    NEW YORK, May 20- Drugmaker Johnson& Johnson said on Wednesday that it would submit 10 new medicines to regulators by 2019, forecasting that many of the drugs in its research and development pipeline will have more than $1 billion in peak annual sales. J&J said that it would submit experimental cancer drug daratumumab for use in double refractory multiple...

  • May 20- Drug developer Lpath Inc said it would cut jobs and costs after its experimental eye drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath, which had about 25 employees as of March 1, according to a regulatory filing, also said it would re-evaluate its research and...

  • HONG KONG, May 20- China's Hanergy Thin Film Power Group is under investigation by Hong Kong's market watchdog, a source told Reuters just hours after the company lost half its market value of nearly $40 billion in 24 minutes on Wednesday. A source familiar with the situation later said Hanergy had been under investigation for several weeks by Hong Kong's...

  • HONG KONG, May 20- Chinese green energy firm Hanergy, whose shares plunged nearly 50 percent on Wednesday, is under investigation by Hong Kong's market watchdog for alleged market manipulation, a source familiar with the situation told Reuters. The source said the Securities and Futures Commission had been investigating Hanergy Thin Film Power Group for...