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  • FTC says AT&T misled customers over unlimited data Tuesday, 28 Oct 2014 | 1:34 PM ET

    WASHINGTON— AT&T is being sued by the government over allegations it misled millions of smartphone customers who were promised unlimited data but had their Internet speeds cut by the company— slowing their ability to open web pages or watch streaming video. The Federal Trade Commission filed its complaint Tuesday against AT&T Mobility Inc., charging that...

  • WASHINGTON, Oct 28- The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging that the No. 2 U.S. wireless carrier sold consumers unlimited data plans but then would slow their Internet down once they used a certain amount of data. The Federal Trade Commission, which filed the lawsuit, said that this "throttling" of Internet feeds was deceptive, and said...

  • LONDON/ BRUSSELS, Oct 28- Oil majors BP and Statoil said the U.S. Federal Trade Commission was closing a probe into anticompetitive practices in oil price reporting, while a European official said the EU investigation was still going on. European Commission officials in May 2013 raided the offices of oil majors BP, Shell and Statoil as part of an investigation of...

  • Oct 28- U.S. nuclear regulators are investigating a leak of uranium hexafluoride that occurred on Sunday at an Illinois plant operated by Honeywell International Inc where union workers have been locked out. Honeywell confirmed the Sunday evening leak at its Metropolis, Illinois plant, saying it was due to an equipment failure. There were no injuries and no...

  • TORONTO, Oct 28- Canada's Competition Bureau said on Tuesday it has approved Burger King Worldwide Inc's acquisition of Canadian coffee chain Tim Hortons Inc.. The competition watchdog said it issued a "no action letter" after concluding that the deal is unlikely to substantially lessen competition. It noted that the deal is subject to other regulatory...

  • LONDON, Oct 28- BP said on Tuesday it was told by the U.S. Federal Trade Commission it was closing its probe into anticompetitive practices in oil price reporting and assessment, but other regulators were still investigating. European Commission officials in May 2013 raided the offices of oil majors BP, Shell and Statoil as part of a probe into suspected...

  • LONDON, Oct 28- BP said on Tuesday it was told by the U.S. Federal Trade Commission it was closing its investigation into anticompetitive practices in oil price reporting and assessment. European Commission officials in May 2013 raided the offices of oil majors BP, Shell and Statoil as part of a probe into suspected manipulation of oil and biofuel prices.

  • *London shares tumble 9 pct to 5- year low. HONG KONG/ LONDON, Oct 28- Asia- focused bank Standard Chartered Plc warned investors that profits would fall in the second half of this year, after quarterly earnings were hit by a surge in bad loans and higher regulation and compliance costs. Standard Chartered said that as bad debts rise in key markets like India and China,...

  • LAGOS, Oct 28- Nigeria's central bank has cut the limit on banks' foreign currency borrowings to 75 percent of shareholders' funds from 200 percent, according to a central bank circular seen by Reuters on Tuesday. The regulation replaces a 2001 rule capping foreign borrowings, including Eurobonds, at 200 percent of shareholders' funds as Nigeria tries to manage...

  • *StanChart targets $400 million in further cost cuts. HONG KONG, Oct 28- Standard Chartered Plc said operating profit for the third quarter dropped 16 percent and earnings would fall in the second half as a whole, hurt by a jump in bad loans and higher regulation and compliance costs. The Asia- focused bank also said on Tuesday it would target a further $400 million in...

  • FINRA fines Merrill Lynch $6 million Monday, 27 Oct 2014 | 12:57 PM ET

    WASHINGTON— The Financial Industry Regulatory Authority said Monday that it is fining Merrill Lynch a total of $6 million for violating certain short-selling rules. The financial industry watchdog said that it has censured and fined Merrill Lynch Professional Clearing Corp. $3.5 million for violating a U.S. Securities and Exchange Commission rule that...

  • Oct 24- Drugmaker Baxter International Inc said the U.S. Food and Drug Administration had approved its drug for treating bleeding episodes in adults with a rare bleeding disorder. Other approved hemophilia B treatments include Baxter's Rixubis, Pfizer Inc's Benefix and CSL Behring Ltd's Mononine. Baxter's shares were up about 1 percent at $69.66 in early...

  • Sarepta tumbles on new delay for key drug Monday, 27 Oct 2014 | 10:54 AM ET

    Sarepta says the FDA wants to have further discussions and could impose more requirements later on. It is Sarepta's most advanced experimental drug and the company has asked the FDA for expedited approval. In early 2013 the Cambridge, Massachusetts, company said the FDA asked for more information about the drug.

  • Oct 27- Sarepta Therapeutics Inc said the U.S. Food and Drug Administration had asked for additional data on its lead drug, delaying its marketing application by about six months. The FDA gave Sarepta a fresh lease of life in April when the agency indicated an alternate approval pathway for the drug, eteplirsen, after deeming Sarepta's plans for marketing...

  • US STOCKS-Futures dip ahead of service sector data Monday, 27 Oct 2014 | 7:43 AM ET

    *Sarepta Therapeutics shares fell 25.7 percent in premarket trading after it said the U.S. Food and Drug Administration requested additional data regarding a marketing application for its experimental muscle disorder drug. *Shares of Brazilian companies traded in the United States tumbled after incumbent Dilma Rousseff won reelection in a runoff vote,...

  • Oct 27- Sarepta Therapeutics Inc said the U.S. Food and Drug Administration requested additional data regarding a marketing application for its experimental muscle disorder drug, sending the company's shares down 40 percent in premarket trading. The FDA indicated that further discussion would be necessary to determine what would constitute a complete...

  • *Kuwait says moving ahead with privatisation programme. *Partial deregulation, financing schemes in Saudi, UAE. DUBAI, Oct 26- Kuwait's privately owned Jazeera Airways is preparing to bid for a big stake in state-run flag carrier Kuwait Airways, Jazeera's chairman told Reuters.

  • U.S. car safety regulators face review over safety lapses Saturday, 25 Oct 2014 | 11:41 AM ET

    WASHINGTON, Oct 25- The Transportation Department will conduct an internal review of U.S. auto safety regulators in response to a series of safety lapses, including this week's reports of defective airbags, a senior administration official said on Saturday. The news of the review emerged days after Toyota Motor Corp recalled 247,000 vehicles in the United...

  • Regulators close small Illinois bank Friday, 24 Oct 2014 | 6:30 PM ET

    The Federal Deposit Insurance Corp. said Friday that it has taken over The National Republic Bank of Chicago, based in Chicago. State Bank of Texas, based in Dallas, has agreed to buy about $626.1 million of the failed bank's assets and assume all of National Republic Bank's deposits. National Republic Bank is the fifth FDIC- insured institution to fail in...

  • FCC: Phone companies posted private info online Friday, 24 Oct 2014 | 5:00 PM ET

    WASHINGTON— Two phone companies— TerraCom Inc. and YourTel America Inc.— unwittingly posted the Social Security numbers, driver's licenses and other sensitive data of up to 300,000 clients to the Internet, an investigation found, and federal regulators said Friday they plan to fine the companies. We look forward to working with the FCC to resolve this matter...