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The biggest beer deal in years looks set for completion as Anheuser-Busch InBev said it had reached an agreement with the Justice Department on antitrust challenges to its $20 billion move for Grupo Modelo.
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DETROIT, April 3- Hyundai Motor Corp and its Kia Motors affiliate are recalling more than 1.8 million cars and SUVs in the United States to address a potentially faulty switch and a loose headliner, according to U.S. safety regulators.
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In an exclusive interview, CNBC's Steve Liesman talks with Federal Reserve Bank Governor Daniel Tarullo, about the state of the economy; Fed policy; banking regulations; and the" too big to fail" policy.
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LITTLE ROCK/ HOUSTON, April 2- U.S. pipeline regulators on Tuesday ordered Exxon Mobil Corp to take necessary corrective action for its ruptured pipeline that spilled thousands of barrels of crude oil into a small Arkansas housing development last week.
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April 2- J.C. Penney Co Inc Chief Executive Ron Johnson received total compensation of $1.9 million in 2012, according to a regulatory filing on Tuesday, a sharp decline after a year that saw the department store chain's sales fall perilously.
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WASHINGTON, April 2- U.S. regulators said on Tuesday that companies can use Twitter, Facebook and other social media to make key announcements as long as they tell investors which sites they will use, an effort to help companies navigate the new media age.
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MORRIS PLAINS, N.J.-- Drug developer Immunomedics said Tuesday that it expects to receive a payment of $16.7 million after settling allegations with a former broker that were brought before financial regulators. Immunomedics had referred the matter to the Financial Industry Regulatory Authority, a private regulator of brokerage firms and exchange markets.
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The FTC gets 200,000 complaints each month about robocalls and it hopes technology can take a bite out of this crime. On Tuesday, the group gave a $50,000 cash prize for possible solution submissions.
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*Under new CEO, Sarepta focused on Duchenne muscular dystrophy drug. *Analysts expect company to relay FDA feedback in April. April 2- After three decades without bringing a drug to market, Sarepta Therapeutics Inc stands on the verge of a breakthrough with its treatment for a crippling genetic disorder that affects one in every 3,500 newborn boys.
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NEW YORK-- Shares of Nuance Communications Inc. rose Tuesday on news that billionaire investor Carl Icahn has accumulated a 9.3 percent stake in the voice-recognition technology company. THE SPARK: Icahn's interest in Nuance was disclosed in a Monday regulatory filing.
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WASHINGTON, April 2- Bank of America Corp agreed to pay $165 million to settle charges by the U.S. credit union regulator involving sales of mortgage-backed securities to corporate credit unions that have since failed, the regulator said on Tuesday.
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WASHINGTON, April 2- Bank of America Corp agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed, the regulator said on Tuesday.
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WASHINGTON, April 2- The top U.S. derivatives. The Commodity Futures Trading Commission is drawing up scores of new rules as part of the U.S. overhaul of derivative markets, which were largely unregulated before the 2007-09 credit meltdown.
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BEIJING, April 2- China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator said.
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David Kern, chief economist at the British Chamber of Commerce, says the U.K still needs more policies to regulate the economy and boost small business lending and advocates the creation of a business bank.
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Russian President Vladimir Putin has given the country's top-level bureaucrats and state employees a three-month deadline to close their foreign bank accounts - or get sacked.
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*Chinese banks allowed to investment more in Taiwan peers. TAIPEI, April 1- Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, marking a major advance in cross-strait ties.
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NEW YORK-- Shares of DFC Global Corp. tumbled Monday after the payday lender said a "credit crunch" in the U.K. is hurting its business. The Berwyn, Pa., company said changes in industry guidelines and the regulation of payday loans in the U.K. have caused many short-term consumer loans to come due immediately.
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CHEEKTOWAGA, N.Y.-- Thirty-six people will lose their jobs when DRS Technologies closes its Buffalo- area location over the summer. The Arlington, Va.- headquartered company filed a notice with the New York Labor Department Thursday saying the layoffs will occur between the end of June and Sept. 30, when the Cheektowaga office will close.
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*Chinese banks allowed to investment more in Taiwan peers. TAIPEI, April 1- Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, marking a major advance in cross-strait ties.
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TAIPEI, April 1- Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, marking a major advance in cross-strait ties.