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  • Uber suspends operations in Portland for 3 months Thursday, 18 Dec 2014 | 7:09 PM ET

    PORTLAND, Ore.— Less than two weeks after the ride-hailing app Uber launched in Portland without officials' approval, the company said it is suspending operations for three months to work out its differences with the city. General manager Brooke Steger wrote in a blog post Thursday that Portland is working to update its regulations for private for-hire...

  • Dec 18- U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes. The U.S. Treasury Department said it expects to ease its sanction rules for banking in Cuba in the coming weeks.

  • WASHINGTON, Dec 18- U.S. regulators have declared insurer MetLife Inc so big that its failure could destabilize financial markets, a designation that brings extra regulation. MetLife said in a statement on Thursday announcing the designation that it was disappointed by the decision, made by the U.S. Financial Stability Oversight Council, and was considering...

  • WASHINGTON— U.S. regulators have labeled insurer MetLife as a potential threat to the financial system, a designation that brings stricter government oversight. MetLife said Thursday that the Financial Stability Oversight Council has designated the company as "systemically important." As a result, MetLife must increase its cushion of capital against...

  • WASHINGTON, Dec 18- MetLife said on Thursday it has been notified by U.S. regulators that it has been declared so big that its failure could destabilize financial markets, a designation that brings extra regulation. MetLife said in a statement it was disappointed in the decision, by the U.S. Financial Stability Oversight Council, and was considering its next...

  • BRUSSELS, Dec 18- Luxembourg acceded on Thursday to the demand of the European Commission to release data to further EU antitrust regulators' investigation into whether it allowed multinationals to pay excessively low taxes. Prime Minister Xavier Bettel said the Commission's decision to widen its focus beyond Luxembourg to the whole of Europe had...

  • Fed delays Volcker Rule  Thursday, 18 Dec 2014 | 3:13 PM ET

    CNBC's Steve Liesman reports the Federal Reserve is delaying implementation of the Volcker Rule for at least 2 years.

  • Group challenges timber producer's 'green' label Thursday, 18 Dec 2014 | 2:33 PM ET

    The complaint covers Plum Creek logging in Oregon's Coast Range, citing 11 civil citations over the past six years for violating state logging regulations, including four citations for exceeding the clear-cutting limit of 120 acres. The complaint includes Google Earth images showing landslides in areas stripped of trees by Plum Creek.

  • SAN JOSE, Calif., Dec 18- A judge on Thursday said she would require consumers suing Google over its Android smartphone operating system to submit more factual details in order for an antitrust lawsuit to proceed, at a time when the Internet search company faces increased regulatory pressure. The lawsuit filed earlier this year says Google Inc requires Android...

  • Dec 18- Ocwen Financial Corp is facing scrutiny from New York state and the federal government over whether the mortgage servicer improperly stalled short sales of property to collect more fees, Bloomberg reported, citing sources. The New York Department of Financial Services and the U.S. Consumer Financial Protection Bureau are looking into whether Ocwen...

  • Lawsky proposes bitcoin regulation changes  Thursday, 18 Dec 2014 | 11:34 AM ET

    Benjamin Lawsky, New York Superintendent of Financial Services, is proposing changes to bitcoin and other virtual currencies. CNBC's Mary Thomson reports the details.

  • New York regulator lays out tweaks to bitcoin rules Thursday, 18 Dec 2014 | 11:30 AM ET

    WASHINGTON, Dec 18- New York state plans to soften proposed rules for virtual currencies such as bitcoin, its banking regulator said on Thursday, after receiving a round of public comments. Start-up companies dealing in the budding technology could get a two-year partial waiver from complying with the full set of rules to help them continue their business, New...

  • France fines 13 firms $1.2 bln for price-fixing Thursday, 18 Dec 2014 | 7:24 AM ET

    PARIS— Penalizing a dirty business involving cleaning products, French regulators fined 13 consumer-products makers about 950 million euros for price fixing on goods like shampoos, detergents and toothpaste. France's competition authority said Thursday that the companies sought to maintain "artificially high" prices in negotiations with supermarkets...

  • California's top utility regulator defends record Thursday, 18 Dec 2014 | 6:06 AM ET

    SAN FRANCISCO— California's chief utility regulator ended the last scheduled public hearing of his increasingly embattled 12- year term Thursday with no explicit reference to the alleged back-channel dealings with the state's largest utility company that have marred his tenure. California Public Utilities Commission President Michael Peevey's only...

  • SAN JOSE, Calif., Dec 18- Google will try to persuade a U.S. judge on Thursday to dismiss an antitrust lawsuit over its Android smartphone operating system, as the Internet search company faces increased regulatory pressure from European authorities. The hearing in San Jose, California, federal court is over the lawsuit filed by two smartphone consumers who say...

  • Contrite Vegas hotelier wins gambling license Thursday, 18 Dec 2014 | 2:14 AM ET

    LAS VEGAS— A contrite Sam Nazarian who revamped the Sahara hotel and casino on the Strip, won a gambling license from Nevada's regulators Thursday but not without limits and a promise that the nightlife magnate would remain under heavy scrutiny. He said Thursday he had sought the medical help of a Las Vegas doctor to determine if he has a substance abuse problem.

  • Circus disputes citation for hair-hanging accident Thursday, 18 Dec 2014 | 1:25 AM ET

    PROVIDENCE, R.I.— Ringling Bros. and Barnum& Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a spokesman for circus parent company Feld Entertainment, said this week that although...

  • *China watching rouble closely as Russian currency collapses. BEIJING, Dec 18- China is closely monitoring the slide in the Russian rouble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy imports struggles to avoid a free-fall. Wang Yonggui, head of policy and regulations for the State Administration of Foreign...

  • Nightlife king faces queries from gaming regulator Wednesday, 17 Dec 2014 | 8:55 PM ET

    LAS VEGAS— A Los Angeles nightlife entrepreneur who revamped Las Vegas' Sahara Hotel and Casino into a hipper, sleeker destination is getting ready to defend his past again so he can obtain a Nevada gambling license after admitting recent cocaine use and explaining his curious business dealings with felons. "What he has run into is history," said Michael Green, a...

  • CALGARY, Alberta, Dec 17- Chevron Corp is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called "economic uncertainty in the industry" as oil prices fall. In a letter to Canada's National Energy Board on Wednesday, the company withdrew from a hearing on Arctic drilling rules because it has walked away...