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  • FDA approves Purdue's painkiller that can reduce abuse Thursday, 20 Nov 2014 | 1:46 PM ET

    Nov 20- The U.S. Food and Drug Administration has approved a long-acting narcotic painkiller with abuse-resistant properties made by Purdue Pharma L.P., the agency said on Thursday. The FDA approved the once-daily drug, Hysingla ER, with the expectation that it will reduce, though not necessarily prevent, abuse through snorting or injecting.

  • Casinos push back on Massachusetts gambling limits Thursday, 20 Nov 2014 | 1:08 PM ET

    BOSTON— In a rarely used tactic meant to address gambling addiction, Massachusetts may require casinos to reward their customers for voluntarily setting limits on how much time and money they spend at slot machines under a proposal being considered by state gambling regulators. But the state's recently licensed casino companies— Wynn Resorts, MGM Resorts...

  • SEC suspends trade in 4 Ebola-related companies Thursday, 20 Nov 2014 | 12:56 PM ET

    The SEC suspended trading in four microcap companies touting development of Ebola-related treatments or services.

  • Corinthian Colleges to shed most of its schools Thursday, 20 Nov 2014 | 12:12 PM ET

    NEW YORK— Corinthian Colleges will sell most of its campuses in the midst of several investigations and lawsuits by federal and state regulators. Regulators have said that Corinthian Colleges Inc. falsified job placement data and pushed students to take expensive private student loans. The Consumer Financial Protection Bureau is seeking more than $500...

  • Nov 20- Discount retailer Dollar Tree Inc said it was confident it would need to divest fewer stores than anticipated to win antitrust approval to buy Family Dollar Stores Inc.. Dollar Tree's shares rose as much as 7 percent to a record high of $67.08 on Thursday. Dollar Tree will become the largest U.S. dollar store chain if it pulls off the deal by fending off a...

  • Nov 20- A U.S. court has denied a request by Indian drugmaker Ranbaxy Laboratories Ltd to stop competitors from launching copies of AstraZeneca Plc's heartburn pill Nexium and Roche's antiviral, a court filing showed. Ranbaxy had filed a lawsuit against the U.S. Food and Drug Administration last week for revoking tentative approvals it gave the company to make...

  • TAKATA CORP SENIOR VP HIROSHI SHIMIZU IN PREPARED TESTIMY FOR SENATE HEARING SAYS COMPANY "COMMITTED TO BEING FULL TRANSPARENT WITH REGULATORS AND INVESTIGATORS".

  • Stephen Koseff, CEO of Investec talks about how Investec has had to contend with a bigger level of bank regulation "intrusion" in recent years and how they've coped as a company.

  • WUZHEN, China Nov 20- Qualcomm Inc's opportunities in China will be far greater than its challenges, Premier Li Keqiang said Thursday as the U.S. mobile chipmaker prepares to face a possible record fine for antitrust violations in the country. Speaking at the World Internet Conference on Thursday with Qualcomm Executive Chairman Paul Jacobs, Li said he...

  • PG&E fined over alleged secret dealings Thursday, 20 Nov 2014 | 3:10 AM ET

    SAN FRANCISCO— State regulators Thursday fined Pacific Gas& Electric Co. and required its shareholders to cover as much as $400 million of a planned gas rate increase because of backroom negotiations between the utility and regulators. The California Public Utilities Commission voted 3-0 in favor of the penalty, which stems from recently released emails...

  • Nov 20- Goldman Sachs Group Inc said it fired two staff after a junior employee passed confidential information from the Federal Reserve Bank of New York, his former employer, to a senior colleague in the investment bank. Goldman said the incident on Sept. 26 was immediately reported to its compliance team, regulators and the New York Fed and an internal...

  • Goldman fires staff for alleged NY Fed breach Thursday, 20 Nov 2014 | 1:14 AM ET
    A patch bearing the Goldman Sachs Group logo is pictured on a trading jacket on the floor of the New York Stock Exchange in New York.

    Goldman Sachs has fired an investment banker who allegedly accessed confidential information from the Federal Reserve Bank of New York, his former employer. The FT reports.

  • DETROIT, Nov 19- Takata plans to shift production of BMW air bag inflators from Mexico to Germany, the automaker said on Wednesday in a filing with U.S. safety regulators who have been probing questions about the quality of manufacturing at the plant. Automakers that use the Takata inflators, including Toyota Motor Corp, warned that it was not feasible to switch to...

  • Deregulation at heart of Japan's robotics revolution Wednesday, 19 Nov 2014 | 6:22 PM ET

    Japan, with the world's largest robot population, is awakening to a crisis as its lead in robotics comes under threat from better-coordinated efforts abroad.

  • Nov 19- A Houston- based wealth management firm must pay more than $3.8 million to a group of 19 ExxonMobil retirees who said the company mismanaged their investments and misled them about its trading strategy, according to a securities arbitration ruling. The ruling by a panel of three Financial Industry Regulatory Authority arbitrators found USCA Capital...

  • WASHINGTON, Nov 19- President Barack Obama on Tuesday nominated transportation expert Mark Rosekind to lead the top U.S. auto safety regulator, which has come under criticism this year for a perceived slow response to major scandals. Rosekind, if confirmed by the Senate, would come to the National Highway Traffic Safety Administration after spending the past...

  • NEW YORK, Nov 19- Citigroup Inc is considering a sale of its index business, two sources familiar with the situation said on Wednesday, making it the latest bank to think about jettisoning benchmarking amid increased regulatory scrutiny. About $174 billion in exchange traded fund and mutual fund assets track Citigroup indexes, according to Morningstar.

  • FACTBOX-Proposed U.S. nuclear power reactors Wednesday, 19 Nov 2014 | 4:20 PM ET

    Nov 19- The U.S. Nuclear Regulatory Commission on Wednesday said its staff found no safety reasons that would prevent the approval of a license for a proposed new reactor at DTE Energy Co's Fermi nuclear power plant in Michigan. This is not the final approval for the project but is an important step in the process. DTE filed to build and operate a new reactor at Fermi...

  • Deregulation at heart of Japan's new robotics revolution Wednesday, 19 Nov 2014 | 4:00 PM ET

    TOKYO, Nov 20- Neurosurgeon Tetsuya Goto had just begun testing a robot to perform brain surgery when he discovered Japan was moving to tighten regulations that would shut down his seven-year project. Japan, with the world's largest robot population, is now awakening to a crisis as its lead in robotics- one of its last areas of technological prominence- comes...

  • Chicago issues first ridesharing licenses Wednesday, 19 Nov 2014 | 1:58 PM ET

    CHICAGO— Chicago has granted its first two ridesharing licenses to San Francisco- based companies Lyft and Sidecar. The City Council passed an ordinance in May establishing a licensing and regulatory framework for the young industry. Besides being licensed by the city, rideshare companies in Chicago must conduct driver background checks and training,...