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  • CHICAGO, Oct 16- The head of a U.S. Senate subcommittee raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. "Given recent concerns about shipping delays...

  • MUMBAI, Oct 16- India's state-owned banks, weighed down by bad loans and lackluster profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation. IDBI Bank Ltd- another state-owned lender which owns stakes in the country's top stock exchange and rating agency Credit Analysis and...

  • BRUSSELS, Oct 16- Europe's outgoing antitrust chief will not open formal investigations into Google's mobile operating system Android nor into banks suspected of rigging the foreign exchange market, but will leave the decisions to his successor. European Competition Commissioner Joaquin Almunia, who will step down at the end of October, had on several...

  • UPDATE 1-Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 7:12 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday for an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The company, which operates the Habit Burger Grill chain of restaurants, offers...

  • Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 6:25 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday to raise up to $86.3 million in an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The amount of money a company says it plans to raise in...

  • Buffett reduces stake in Tesco to under 3 percent Thursday, 16 Oct 2014 | 5:48 AM ET

    LONDON— Warren Buffett's Berkshire Hathaway has reduced its stake in British retailer Tesco to under 3 percent, offering a fresh slap to the struggling company. Buffett's move, revealed in a regulatory filing Thursday, was not unexpected. He told CNBC this month that his investment in the supermarket giant was "a huge mistake by me."

  • Regulator recuses himself amid PG&E emails probe Wednesday, 15 Oct 2014 | 7:17 PM ET

    SAN FRANCISCO— A California Public Utilities Commission member who was involved in secret email exchanges with the state's largest utility said Wednesday he is recusing himself from several matters related to the company. Mike Florio said in a brief notice that he is removing himself from an ongoing rate case involving Pacific Gas& Electric Co. and...

  • The agency's approval, published in the Federal Register on Wednesday, ends years of controversy about the proposal, which was sparked by multibillion-dollar Ponzi schemes orchestrated by Bernard Madoff and R. Allen Stanford. Wall Street's industry-funded watchdog, the Financial Industry Regulatory Authority, had been pushing to put the so-called "...

  • WASHINGTON, Oct 15- The U.S. The Fed said it will meet on Oct. 22 to adopt the final version of the credit risk retention rule, a requirement of the 2010 Dodd-Frank law to reform Wall Street. The rule must also be adopted by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Department of...

  • In a letter to a Federal Communications Commission official viewed by Reuters on Wednesday, GM's Global Connected Consumer executive director, Harry Lightsey III, urged the FCC to "retain the critical distinction" among rules for fixed and mobile Internet traffic and said new limitations for the mobile industry may constrain innovation in connected cars.

  • CSX CEO says rail deals would face tough scrutiny Wednesday, 15 Oct 2014 | 10:43 AM ET

    OMAHA, Neb.— CSX railroad's top executive said Wednesday regulators are likely to be reluctant about consolidation among the major industry players because they remain concerned about service. CSX CEO Michael Ward said Wednesday the Surface Transportation Board would likely take a cautious approach to any railroad consolidation deals because there are...

  • You might hope for a sense of realism and practical moves to address the issues, but instead the World Coal Conference in Copenhagen this week was characterised by what seemed like a state of denial. Spot thermal coal at Australia's Newcastle port fell to $64.92 a tonne in the week ended Oct. 10, 1 cent higher than the previous week, which was the lowest since...

  • COPENHAGEN, Oct 15- Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu, is due to step down at the end of next year, and...

  • COPENHAGEN, Oct 15- Denmark and its maritime industry are lobbying to get the top position at the International Maritime Organization, a United Nations body that wields great influence over global shipping through its regulations, industry sources said. The current secretary general of the IMO, Koji Sekimizu, is due to step down at the end of next year, and...

  • Wisconsin regulators cite wrong mining company Wednesday, 15 Oct 2014 | 4:48 AM ET

    INDEPENDENCE, Wis.— Regulators in western Wisconsin say they took action against the wrong company after discovering permit violations at a fracking sand mine. Trempealeau County's Department of Land Management earlier ordered Texas- based Superior Silica Sands to cease mining activity at the Guza mine in Arcadia after inspectors said they found permit...

  • LONDON, Oct 15- London- listed pharmaceutical firm Shire plc said it believed U.S. suitor AbbVie should proceed with its $55 billion takeover despite a change to U.S. regulations which curbed the tax benefits of the tie-up. Chicago- based AbbVie said on Wednesday it would reconsider a recommendation to its shareholders to back the Shire takeover.

  • Oct 14- AbbVie Inc said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound merger with Shire Plc due to the changing U.S. tax regulations. Chicago- based AbbVie, which makes top-selling arthritis drug Humira, is eager to buy Shire to reduce its U.S. tax bill by moving its tax base to Britain and to diversifying its...

  • NEW YORK, Oct 14- New York will not require digital currency software developers to obtain a "BitLicense" to operate in the state, said Benjamin Lawksy, superintendent of financial services for the state of New York, on Tuesday. His comments came after New York extended the period for virtucal currency companies to comment on a set of proposed regulations, known as...

  • Oct 14- A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged. UBS Financial Services Inc of Puerto Rico has agreed to pay $1.7 million in restitution to 34 Puerto Rico residents who invested in the funds...

  • *46 percent of CEOs worried about climate change-PwC survey. LONDON, Oct 14- Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science, Jon Williams, partner at global consultancy firm PwC told the Reuters Global Climate Change Summit. "More and more businesses are seeing climate...