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  • SAO PAULO, Feb 5- Cash-strapped Brazilian states, struggling with falling revenues during the worst recession in decades, may look to privatize power assets if state-controlled utility Eletrobras succeeds in selling distribution company Celg-D in March. "The whole question is if this move by the federal government could be echoed by the states; I think so," said...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • Acquisition targets would have benefited from being part of Lions Gate, a Canadian corporation with a lower tax rate, but certain regulations would prevent Lions Gate from buying larger companies, he said. Lions Gate said Thursday it was in talks to merge with Starz, a company it has had a 15 percent voting stake in since last year. Malone, who has stakes in both...

  • Feb 5- BlueCrest Capital Management, the hedge fund firm founded by billionaire Michael Platt, is being investigated by a U.S. financial regulator over possible conflicts posed by an internal fund that manages the money of its partners, Bloomberg reported. The Securities and Exchange Commission started the investigation last year, Bloomberg said on Friday,...

  • Acquisition targets would have benefited from being part of Lions Gate, a Canadian corporation with a lower tax rate, but certain regulations would prevent Lions Gate from buying larger companies, he said. Lions Gate said Thursday it was in talks to merge with Starz, a company it has had a 15 percent voting stake in since last year. Malone, who has stakes in both...

  • LONDON, Feb 5- CK Hutchison Holdings Ltd has received the EU's list of objections to its takeover of Telefonica's O2, which will create Britain's biggest mobile operator and cut the number of networks to three, a person familiar with the situation said. European Union antitrust regulators launched a full investigation last October into Hutchison's 10.3...

  • Feb 4- A stock-trading algorithm built for Reuters highlights the correlations among gun purchases, mass shootings and the politics of gun regulation. With the benefit of hindsight, the Boston- based hedge fund Quantopian examined how a theoretical investor would have fared by investing equal amounts in Smith& Wesson Holding Corp and Sturm Ruger& Co after 20...

  • FRANKFURT, Feb 5- Europe's drug regulator said on Friday the defective blood clotting test device used in a key trial for the approval of Bayer's top-selling anti-clotting drug Xarelto did not distort the study's main findings. "Xarelto can continue to be used as before, in line with the current prescribing information," the European Medicines Agency said on its...

  • FDA scientists released their supportive findings ahead of a scheduled meeting on Tuesday of an independent medical advisory panel to the agency. "In considering the totality of the evidence, the data submitted by Celltrion show that is highly similar to U.S.-licensed Remicade" in treatment of rheumatoid arthritis and a related condition called...

  • Feb 5- The U.S. Food and Drug Administration has denied the expanded use of Vertex Pharmaceutical Inc's bestseller, Kalydeco, in certain cystic fibrosis patients, the company said on Friday. Kalydeco, which brought in revenue of $632 million in 2015, is already approved to treat CF patients aged 2 and older with 10 different mutations in the CFTR gene.

  • FDA scientists early on Friday released their supportive findings ahead of a scheduled meeting on Tuesday of an independent medical advisory panel to the agency. South Korea's Celltrion and partner Pfizer Inc want to sell Remsima in the United States as a cut-price copy of Johnson& Johnson and Merck& Co's Remicade, or infliximab, which had global 2014 sales of...

  • Feb 5- The U.S. Food and Drug Administration has denied the expanded use of Vertex Pharmaceutical Inc's bestseller, Kalydeco, in certain cystic fibrosis patients, the company said on Friday. The regulator rejected the company's application for using the drug in cystic fibrosis patients aged 2 or older, who have one of 23 residual function mutations. 1/ 8.

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • MADRID, Feb 4- Mexican billionaire Carlos Slim is set to launch a full takeover bid for Spanish building and infrastructures firm FCC after a planned rights issue due to be approved soon, a source familiar with the matter said. Slim's holding company Inversora Carso group, is currently FCC's main shareholder with a 27.43 percent stake, closely followed by Esther...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • WEX 'Must Read' Thursday, 4 Feb 2016 | 5:45 AM ET
    'Must Read': Mutual funds risk?

    The "Worldwide Exchange" crew discusses the morning's top attention-grabbing headlines, including a look at how a new SEC liquidity rule impacts mutual funds.

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • GLENDALE, Calif.— A Glendale, California, company shut down 10 months ago will pay about $10 million to settle claims by the Federal Trade Commission that it wildly exaggerated the results of its diet supplements, used fake endorsements from people like Oprah Winfrey and hired marketers to send millions of spam emails. FTC Midwest Region attorney Matthew H. Wernz...