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  • Is China halting stock market support?

    Christopher Johnson, senior advisor at the Center for Strategic and International Studies (CSIS), discusses China's commitment to support its stock market.

  • TOKYO, Sept 1- The number of Japanese nuclear reactors likely to restart in the next few years has halved, hit by legal challenges and worries about meeting tougher safety standards imposed in the wake of the Fukushima disaster, a Reuters analysis shows. The findings are based on reactor inspection data from industry watchdog the Nuclear Regulation Authority,...

  • SAN FRANCISCO— A lengthy investigation into whether Google has been abusing its dominance of Internet search to stifle competition in India is moving into its next phase. The allegations are similar to other accusations of illegal self-promotion in the U.S., Europe and other parts of the world. The Mountain View, California, company is already facing...

  • BOSTON/ NEW YORK, Aug 31- U.S. fund managers want less involvement from officials in China in the country's volatile stock markets, even if it means their portfolios take hits in the short run. The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on...

  • Beijing is trying to shore up its stock markets, which have tumbled about 40 percent since mid-June on concerns over the slowing economy and a devaluation of the yuan in mid-August. The statement, focusing on state-owned enterprises, came from the markets regulator, the China Securities Regulatory Commission, together with the Ministry of Finance, the...

  • AUGUSTA, Maine— Maine Governor Paul LePage and other state officials are opposing proposed changes to federal labor rules on the grounds that the rules will negatively impact employment and small businesses. The federal Department of Labor is taking public comments on proposed changes to the federal Fair Labor Standards Act until Friday.

  • Berkshire Hathaway builds stake in refiner Phillips 66 Saturday, 29 Aug 2015 | 3:07 PM ET

    Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...

  • NEW YORK, Aug 28- Microsoft Corp avoided a potentially costly setback to its financially troubled mobile phone business on Friday as the U.S. International Trade Commission declined to block the import of its devices in a longstanding patent dispute. The decision rejected a ruling in April by a U.S. trade judge who found that Microsoft had infringed two...

  • SACRAMENTO, Calif.— Democratic lawmakers advanced a package of tobacco regulation bills on Thursday, reviving proposals that earlier stalled in the Legislature amid opposition from tobacco companies. The measures approved by the Senate do not include a pending proposal to raise California's cigarette tax by $2 per pack from the current 87 cents.

  • WASHINGTON, Aug 27- The U.S. Food and Drug Administration on Thursday approved Amgen Inc's Repatha drug for patients with hereditary forms of high cholesterol and those at high risk of cardiovascular disease. Last month the FDA approved a similar drug from Regeneron Pharmaceuticals Inc and Sanofi SA. The drugs are expected to generate more than $2 billion a...

  • WASHINGTON, Aug 27- The U.S. Labor Department is leaning toward denying requests for regulatory relief by three big foreign banks that pleaded guilty to manipulating Libor interest rates but want to keep managing retirement accounts for clients. In letters to units of Deutsche Bank, UBS and the Royal Bank of Scotland, the department said it has "tentatively...

  • FDA warns 3 tobacco product makers over labeling Thursday, 27 Aug 2015 | 1:25 PM ET

    This is the first time the FDA has pulled up companies for marketing tobacco products with "modest-risk" claims that are not backed by scientific evidence ratified by the health regulator. The Family Smoking Prevention and Tobacco Control Act of 2009 requires a company to get its modified risk tobacco product application approved by the FDA before claiming a...

  • BRUSSELS, Aug 27- Google, the world's most popular Internet search engine, rejected on Thursday European Union antitrust charges that it abused its market power, saying they lacked any economic or legal basis. "Economic data spanning more than a decade, an array of documents and statements from complainants all confirm that product search is robustly...

  • Google rejects EU anti-trust allegations as flawed Thursday, 27 Aug 2015 | 12:03 PM ET

    BRUSSELS— Google rejected on Thursday a complaint by Europe's competition watchdog that the Internet giant is abusing its dominance in Web searches to promote its own products. The European Commission, the EU's executive body, alleged in April that Google has improperly favored its shopping comparison service in its own search results, in a high-stakes case...

  • FDA issues warning letters to "natural" tobacco makers Thursday, 27 Aug 2015 | 11:43 AM ET

    NEW YORK— The Food and Drug Administration issued warning letters to the makers of Winston, Natural Spirit and Nat Sherman cigarettes over their "additive-free" and "natural" label claims. The agency issued the warnings to ITG Brands LLC, Santa Fe Natural Tobacco Company Inc. and Sherman's 1400 Broadway N.Y.C. Ltd. The issue over the claims is that they may lead...

  • FDA lays out proposal for naming lower-cost biotech drugs Thursday, 27 Aug 2015 | 10:33 AM ET

    But representatives for the generic drug industry warned that the FDA's proposal could curb those savings by making the drugs more difficult to prescribe. For decades, they have not faced generic competition because the FDA lacked a system to approve cheaper versions until 2012. Earlier this year the agency approved the first "biosimilar."

  • BOSTON, Aug 27- Pay for outside directors at large U.S. companies reached a record $250,000 last year, driven by higher stock values, according to a study released on Thursday by consulting firm Towers Watson. Paul Conley, a Towers Watson division leader, said director pay has been rising in the face of new financial regulations and because of public attention to...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • Steven Musser, deputy director for scientific operations at the U.S. Food and Drug Administration's Center for Food Safety and Applied Nutrition. Now, the FDA is building a network of state and federal labs equipped to map out the exact DNA sequence of strains of Listeria, Salmonella and other foodborne pathogens found in sick patients. At the same time, the FDA...

  • ATHENS, Aug 26- Azerbaijan's state-owned oil company SOCAR had confirmed its interest in acquiring a stake in Greek gas grid operator DESFA, with a deal possible by the end of the year, Greece's privatisation agency said on Wednesday. Greece's privatisation agency HRADF and Hellenic Petroleum met SOCAR officials on Wednesday and all the parties reiterated...