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  • NEW YORK, June 30- A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in imposing an injunction to prevent a...

  • LONDON, June 30- In a rare defeat for the U.S. Environmental Protection Agency, the U.S. Supreme Court ordered it on Monday to reconsider whether the EPA's regulations on mercury and other toxic emissions from power plants are appropriate and necessary. While the EPA considered the costs and benefits of various regulatory options later in the rule-writing...

  • *Total China stock market leverage may be around 4 trillion yuan. SHANGHAI/ HONG KONG, June 30- Despite reassurances by regulators that margin debt in China's stock markets remains manageable, total leverage could be as much as $645 billion- magnifying risks not just for retail investors, but also the thinly stretched corporate sector. That rapid run-up in...

  • The report by the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of world leaders each January, says major disruptions are in store for many once highly profitable financial services businesses. Exemplifying the trend, UK regulators last week granted a banking license to Atom, a "branch-free, paper-free" institution...

  • Still, the court's willingness to rein in the EPA emboldened opponents of Obama's climate change agenda, who said the court had finally woken up to what they call the haphazard and costly nature of the environmental regulations that Obama has put forth. Mike Duncan, president of the American Coalition for Clean Coal Electricity, which lobbies for the coal...

  • LAS VEGAS— Bragging rights are usually the only reward at the end of a well-played video game. Nevada is on the cusp of what could be a casino revolution that turns aisles of slot machines into something more akin to an adult's arcade. Nevada's unanimously approved Senate Bill 9 was backed by the slot machine industry and regulators are in the thick of crafting...

  • SHANGHAI, June 30- The recent sharp pullback in equities is unhealthy for stable market development, a spokesperson for China's securities regulator said on its official blog. Risks from brokerages' margin financing business are also controllable, the China Securities Regulatory Commission spokesperson said in the blog posting on Monday evening.

  • RALEIGH, N.C.— Duke Energy Corp. CEO Lynn Good is getting a raise a year after the country's largest electric company confronted a coal ash spill that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals, the company said in a regulatory filing Monday. Duke Energy's board of directors approved raising Good's annual salary by $50,000...

  • WASHINGTON, June 29- The Supreme Court on Monday dealt a blow to a sweeping U.S. air pollution regulation aimed primarily at curbing emissions of mercury from coal-fired power plants by ruling that the Obama administration wrongly failed to consider compliance costs. "EPA is disappointed that the court did not uphold the rule, but this rule was issued more than...

  • And that was before Puerto Rico Governor Alejandro Garcia Padilla admitted Monday that the country's budget gap was bigger than thought and it could not repay more than $70 billion in debt. Over the past year, funds run by Goldman Sachs Group Inc have increased their exposure to Puerto Rico to attract yield-hungry investors, U.S. regulatory filings show.

  • PRETORIA, June 29- South Africa's energy regulator rejected on Monday a request from cash-strapped utility Eskom to raise tariffs, and the state-owned power company said it would consult with the government on alternative ways of funding. Eskom, which provides virtually all of South Africa's electricity, is scrambling to repair its aging power plants and...

  • WASHINGTON, June 29- Private equity giant Kohlberg Kravis Roberts& Co. will pay nearly $30 million to settle civil charges that it misallocated more than $17 million in expenses and breached its fiduciary duty to clients, U.S. regulators said. The settlement marks the most high-profile case brought by the Securities and Exchange Commission to date against a...

  • BRUSSELS, June 29- Google Inc has been given until mid-August to head off EU charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission in April accused Google of distorting search results to favour its shopping service, hurting both rivals and consumers. The EU enforcer said Google's...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday invalidated a key Obama administration environmental regulation aimed at limiting emissions of mercury and other hazardous pollutants mainly from coal-fired power plants. The court sent the case back to the U.S. Court of Appeals for the District of Columbia Circuit, which will then ask the EPA to reconsider...

  • Sysco pulling out of US Foods buyout after FTC move Monday, 29 Jun 2015 | 8:32 AM ET

    NEW YORK— Sysco is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies. It will pay $300 million to US Foods and $12.5 million to another company, Performance Foods Group, in breakup fees. Performance Foods had a deal to buy 11 US Foods...

  • NEW YORK— European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. Siemens AG has agreed to pay $83 per common share of Dresser-Rand, which has a market capitalization of $6.12 billion. Dresser-Rand Group Inc., based in Houston and Paris, has annual revenue of around $3 billion and employs about 8,100...

  • *Accounting changes to increase 2014 loss to 1.745 bln riyals. DUBAI, June 28- Saudi Arabia's Etihad Etisalat will book further losses for 2014 after a regulator-led investigation into accounting errors at the company, it said in a statement on Sunday. The Capital Market Authority launched an investigation into the firm last November after Mobily, 28 percent...

  • HARTFORD, Conn.— The ride-booking company Uber is ramping up its recruitment of drivers in Connecticut, even though legislation requiring them to abide by a new regulatory system failed to clear the General Assembly in the final hours of the regular legislative session. The goal is to add 1,500 drivers in Connecticut cities, starting with New Haven before...

  • BRUSSELS, June 27- General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro bid for Alstom's power unit at a hearing, the U.S. conglomerate said on Saturday. The move came after the European Commission warned the company earlier this month that the deal, its biggest ever and a key element of its expansion into...

  • June 26- Animal health drugmaker Aratana Therapeutics Inc said its experimental appetite-stimulating drug was found effective in dogs in a pivotal study. The company said it plans to submit the results to the U.S. Food and Drug Administration as it seeks marketing approval, and expects to start commercializing the drug in 2016.. The Kansas City- based...