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  • *Regulator says met Alibaba in July to discuss illegal business. SHANGHAI, Jan 28- A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private firms. "Alibaba Group has long paid...

  • Tiger fight: China and Alibaba face off over fake goods Wednesday, 28 Jan 2015 | 12:57 AM ET

    Regulators on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on its websites. Uncowed, Alibaba fired back with charges of bias and misconduct by a named Chinese official. The State Administration of Industry and Commerce wrote the...

  • SHANGHAI, Jan 28- Chinese securities regulators are intensifying their scrutiny of share sales by insiders at listed companies, state media reported, as Beijing tightens its grip on a stock market rally which some fear is being twisted by market manipulation. The official China Securities Journal said on Wednesday that the China Securities Regulatory...

  • Jan 27- Medical device maker Abiomed Inc raised its full-year revenue forecast and said the U.S. Food and Drug Administration had approved its heart pump, sending its stock nearly 32 percent in extended trading. Abiomed's heart pump, Impella RP, helps blood circulation for up to 14 days in patients who develop acute right heart failure following implantation,...

  • Can Apple sustain 70% growth in China?  Tuesday, 27 Jan 2015 | 6:34 PM ET

    Tim Bajarin, President of tech research and advisory firm Creative Strategies, says Apple won't be losing its focus in the mainland anytime soon.

  • Jan 27- Medical device maker Abiomed Inc raised its full-year revenue forecast and said it had received U.S. approval for its heart pump, sending its stock soaring 24 percent after-hours. Abiomed raised its revenue estimate for the year ending March 31 to $223- $226 million from $209- $212 million. The company said the U.S. Food and Drug Administration had approved...

  • FTC clears Albertsons' purchase of Safeway Tuesday, 27 Jan 2015 | 3:14 PM ET

    NEW YORK— Supermarket chain Albertsons says U.S. regulators have approved its purchase of competitor Safeway Inc.. Albertsons, which privately held and part-owned by Cerberus Capital Management, agreed to buy Safeway in March for $7.64 billion in cash. Excluding the stores that are being sold, Safeway had about 1,300 locations under names including Safeway,...

  • WASHINGTON— Oppenheimer& Co. is paying $20 million in civil settlements with U.S. regulators who accused the investment firm of improper sales of penny stocks and inadequate controls against money laundering. The investment firm agreed to pay $10 million and is admitting wrongdoing in its settlement with the Securities and Exchange Commission announced...

  • In a regulatory filing on Friday, BNY Mellon said that U.S. Securities and Exchange Commission staff had notified it that they would recommend the SEC charge the bank over alleged violations of the Foreign Corrupt Practices Act. BNY Mellon said the so-called Wells notice came after SEC staff provided a similar notice in the third quarter of 2014 to some current...

  • WASHINGTON, Jan 27- The top U.S. housing regulator on Tuesday said his agency would make a decision by the end of this quarter on fees Fannie Mae and Freddie Mac charge lenders for guaranteeing mortgages. The mortgage industry has been awaiting a final decision by Federal Housing Finance Agency Director Mel Watt. Speaking before his former colleagues on the...

  • WASHINGTON, Jan 27- Supermarket chains Albertsons and Safeway agreed to sell 168 stores in eight states to win U.S. antitrust approval for their $9.2 billion merger, the Federal Trade Commission said on Tuesday. Albertsons, which has 630 supermarkets under various brand names, and Safeway, which has 1,332 stores, will divest stores in Arizona, California, Montana,...

  • WASHINGTON, Jan 27- The type of small drone that crashed on the White House grounds on Monday is available at a chain like RadioShack Corp and illustrates the need for more regulation over such new technologies, U.S. In an interview broadcast on Tuesday, Obama said he had asked the Federal Aviation Administration to examine how the United States is managing the...

  • Nelson Peltz cuts stake in Family Dollar Tuesday, 27 Jan 2015 | 6:25 AM ET

    Jan 27- Activist investor Nelson Peltz's Trian Fund Management LP cut its stake in Family Dollar Stores Inc to 2.07 percent from 7.3 percent. Trian Management sold about 6 million shares of the discount retailer, the hedge fund said in a regulatory filing on Tuesday. Family Dollar's shareholders approved an $8.5 billion deal last week to be bought by Dollar Tree...

  • SINGAPORE, Jan 27- U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40- year-old U.S. ban on crude exports and the Department of Commerce...

  • DUBLIN— Aer Lingus said Tuesday it supports a takeover bid by British Airways parent IAG, putting the Irish national airline with its trademark shamrock tailfins on course for foreign acquisition nine years after its privatization. The government, which retained a 25.1 percent share when it privatized Aer Lingus in 2006, opposed Ryanair's ambitions and has...

  • NEW YORK, Jan 26- The U.S. Securities and Exchange Commission on Monday supported a bid by prosecutors in New York for a shot at overturning a ruling that cleared two hedge fund managers of insider trading and limited the ability of authorities to pursue such cases. The SEC, in a court filing, backed Manhattan U.S. In particular, the SEC said the ruling could impede...

  • Jan 26- The U.S. Food and Drug Administration said it approved Teva Pharmaceutical Industries Ltd's generic version of AstraZeneca Plc's blockbuster heartburn drug Nexium, the agency's first such approval for the drug. Nexium raked in about $1.9 billion in global sales in the first half of 2014, according to AstraZeneca's latest earnings statement.

  • The New Jersey Casino Control Commission will hold a special meeting Thursday to consider preliminary approval for the company to own a casino in Atlantic City. But in a regulatory filing, Hard Rock said it has had "a long-standing interest" in the Atlantic City market. Hard Rock said it "remains interested in the Atlantic City casino industry and may, if found...

  • Unmanned drones could play key roles in food supply Monday, 26 Jan 2015 | 3:02 AM ET

    When it comes to drones, "your imagination can go pretty wild in terms of what would be possible," says Roger Johnson, president of the National Farmers Union. This month, the Federal Aviation Administration issued the first permit for agricultural use of unmanned aerial vehicles. Steven Edgar, president and CEO of ADAVSO, says his Idaho- based business will use a...

  • SEOUL, Jan 26- Samsung SDI Co Ltd does not expect the slump in global oil prices to dent the long-term growth prospects for electric vehicles, an executive at the South Korean firm which makes batteries for these cars said on Monday. "The growth in electric vehicles until 2020 will come in response to various regulations being imposed by key governments in the...