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  • GE met with European regulators on Thursday to allay worries its 12.4 billion euro acquisition of Alstom's power equipment business would leave Europe with two gas turbine players. "Alstom is in that core of what they're trying to become," said Peter Jankovskis, co-chief investment officer at Oakbrook Investments, which owns 1.7 million GE shares.

  • WASHINGTON, July 2- The top U.S. auto safety regulator said on Thursday he will move quickly to take action in response to Fiat Chrysler Automobiles NV's mishandling of recalls involving up to 11 million vehicles. Mark Rosekind, who heads the National Highway Traffic Safety Administration, said action could come by the end of July and take the form of either a...

  • July 2- Mondelez International Inc said it was in talks with multiple parties for the sale of French coffee brand Carte Noire to address European antitrust concerns as it closed a deal with D.E Master Blenders to create the world's biggest standalone coffee company. The European Commission approved the Jacobs Douwe Egberts joint venture in May on a condition...

  • WASHINGTON, July 2- Fiat Chrysler Automobiles NV misled U.S. auto safety regulators about recall notifications to the owners of vehicles equipped with defective Takata Corp air bags, a U.S. safety recall analysts said on Thursday. "Fiat Chrysler failed to notify owners within the required 60 days in seven recalls we are discussing here today," Joshua Neff, senior...

  • SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...

  • WASHINGTON— The chief U.S. auto safety regulator says Fiat Chrysler will face sanctions for violating safety laws in multiple recalls. National Highway Traffic Safety Administration chief Mark Rosekind says the agency will act before Labor Day and that the automaker will face enforcement action. The agency has authority to fine companies as much as $35...

  • WASHINGTON, July 2- Fiat Chrysler Automobiles NV went on offense ahead of a hearing before federal regulators to blunt criticism of its plan to install trailer hitches on 1.5 million Jeep Cherokee and Liberty SUVs to avert a more costly fix to reduce the risk that fuel tanks could rupture and catch fire in rear-end collisions. Thursday's hearing, convened by the...

  • GE meets EU regulators over Alstom power unit deal Thursday, 2 Jul 2015 | 6:28 AM ET

    BRUSSELS, July 2- General Electric met EU antitrust regulators on Thursday, hoping they will take a softer line on its 12.4- billion-euro bid for Alstom's energy unit. It has said it would be willing to give up some intellectual property rights related to some of Alstom's assets but not anything that would affect lucrative service revenue streams.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.4 percent, to 4,107.99, while the Shanghai Composite Index lost 3.5 percent, to 3,912.77 points. Among the most active stocks in Shanghai were Bank of China, up 5.3 percent to 5.00 yuan; ICBC, up 5.6 percent to 5.43 yuan and Agri Bank of China, up 1.1 percent to 3.63 yuan.

  • SHANGHAI, July 2- China's securities regulator has relaxed rules on brokerages' margin trading businesses amid growing concerns about sharp falls in the country's stock markets, the official Xinhua news agency reported. China Securities Regulatory Commission late on Wednesday said it would cancel a rule that said investors needed to make additional...

  • RICHMOND, Va.— Dominion Virginia Power on Wednesday suggested how it may transition to new ways of generating energy, citing the uncertainty of new U.S. environmental rules. In a letter submitted to the SCC, Dominion executive Robert M. Blue said the 2015 plan arrives amid "a period of change and uncertainty," due in large part to U.S. Environmental Protection Agency...

  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • TOPEKA, Kan.— The largest electric utility in Kansas would refund $10 million to its customers and decrease future rates slightly under an agreement Wednesday to settle a complaint filed by state regulators with the federal government. Westar Energy Inc., based in Topeka, also would receive lower earnings from its transmission investments than it was...

  • Supreme Court ruling against a federal regulation aimed at cutting air pollution from power plants will limit growth for Cabot Corp and Calgon Carbon Corp, which make activated carbon used to curb mercury emissions. The tiny $80 million market for activated carbon could have shot up to $300 million- $350 million by 2017, analysts had said.

  • July 1- U.S. Justice Department antitrust lawyers have opposed Electrolux AB's plan to buy General Electric Co's household appliance business, a source familiar with the investigation told Reuters. The deal would double Electrolux's U.S. sales, putting it on a par with larger rival Whirlpool Corp. "Electrolux and GE continue to work actively with the...

  • The civil antitrust investigation by the Justice Department appears to focus on whether airlines illegally signaled to each other how quickly they would add new flights, routes and extra seats. Justice Department spokeswoman Emily Pierce confirmed that the department is looking into potential "unlawful coordination" among some airlines.

  • WASHINGTON, July 1- Public companies that re-state their financial results would be required to "claw back," or recover, any excess incentive compensation earned by their corporate executives under a new rule proposed on Wednesday by U.S. regulators. The Securities and Exchange Commission's plan sparked debate among the agency's five members, with some saying...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL to gain presence in Connecticut, Massachusetts, Maine and New York as part of an expansion plan in...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL, a company with presence in Connecticut, Massachusetts, Maine and New York, to expand in the United...