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  • WASHINGTON— The National Transportation Safety Board concluded Tuesday that the developer of a commercial spacecraft that broke apart over the Mojave Desert last year failed to protect against the possibility of human error, specifically the co-pilot's premature unlocking of a braking system that triggered the in-flight breakup of the vehicle.

  • ZURICH, July 28- UBS said its provisions to deal with future legal tussles and regulatory run-ins stood at 2.368 billion Swiss francs in June and revealed a widening U.S. probe into bond funds sold by the Swiss bank's Puerto Rico arm. The bank said it is responding to inquiries from the Securities and Exchange Commission and the Financial Industry Regulatory...

  • PARIS, July 27- Alstom is to accept 300 million euros less than previously agreed for its power turbines unit from General Electric as a contribution to the U.S.-based buyer's efforts to win antitrust clearance in Europe. The last-minute 2.4 percent discount to the previously agreed 12.35 billion euro deal is the latest in a series of knocks Alstom...

  • NEW YORK, July 27- UBS AG's Wealth Management Americas business on Monday said its second-quarter adjusted profits fell as higher litigation and regulatory costs put pressure on the Swiss bank's brokerage division. UBS Wealth Management Americas, which includes what was formerly known as PaineWebber Group, said adjusted pre-tax profit fell to $231 million...

  • *China's securities regulator says ready to keep buying. "The lesson from China's last equity bubble is that, once sentiment has soured, policy interventions aimed at shoring up prices have only a short-lived effect," wrote Capital Economics analysts in a research note reacting to the slide. The CSI300 index of the largest listed companies in Shanghai and...

  • Alstom to take 300 mln eur hit to help GE sale through Monday, 27 Jul 2015 | 12:22 PM ET

    PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...

  • July 27- China's top securities regulator, China Securities Finance Corp Ltd, said on Monday it would continue to buy shares to stabilize the stock market.

  • July 27- New York Attorney General Eric Schneiderman's office is preparing a civil case against Credit Suisse Group AG, the operator of the Crossfinder dark pool, that could be announced in the coming weeks, the Fox Business network reported. The case would mark the second major civil action filed by Schneiderman's office since regulators launched their probe...

  • NORTH KINGSTOWN, R.I.— Construction has begun off Rhode Island's coast on the nation's first offshore wind farm, a milestone that federal and state officials say will help the fledgling U.S. industry surge ahead. Secretary of the Interior Sally Jewell said Monday that lenders, regulators and stakeholders can now see a path forward. Deepwater Wind is building a...

  • How big is crowdfunding in China? Sunday, 26 Jul 2015 | 8:43 PM ET
    How big is crowdfunding in China?

    Jason Best, principal at Crowdfund Capital Advisors, says debt-based and equity crowdfunding have "taken off substantially" in the mainland over the past few years.

  • WASHINGTON, July 26- The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles. The $105 million in fines sets a new standard for NHTSA's dealings with car manufacturers, eclipsing the...

  • WASHINGTON, July 26- U.S. auto safety regulators were considering a record $105 million fine for Fiat Chrysler Automobiles NV over recall lapses involving millions of vehicles, according to people familiar with the matter. The National Highway Traffic Safety Administration, the federal government's auto safety watchdog agency, was also expected to assign...

  • PIERRE, S.D.— State regulators this week will consider whether to approve for the second time in just over five years construction through South Dakota of the long-delayed Keystone XL oil pipeline, but it's unlikely a decision will come immediately. The state initially authorized TransCanada Corp.' s project in 2010, but permits must be revisited if...

  • SHANGHAI, July 25- China plans to introduce fair competition reviews into its industrial policy process, the official Xinhua news service reported Saturday, quoting State Administration for Industry and Commerce head Zhang Mao. The move will create a more open and transparent regulatory environment for the market, Zhang said, adding that the reform will help...

  • U.S. consumer electronics firm Vizio files for IPO Friday, 24 Jul 2015 | 5:57 PM ET

    July 24- Consumer electronics company Vizio Inc filed with U.S. regulators on Friday to raise up to $172.5 million in an initial public offering of Class A common stock. BofA Merrill Lynch, Deutsche Bank Securities and Citigroup are among the underwriters of the IPO, Vizio told the U. S Securities and Exchange Commission in a preliminary prospectus.

  • That's how many big companies could remain after the proposed combinations of Anthem with Cigna and Aetna with Humana, and experts say it would at a minimum bring close scrutiny of the deals. At only three companies, "The agencies' ears tend to perk up," said Allen Grunes, who led merger investigations at the Justice Department as an antitrust attorney.

  • WASHINGTON, July 24- The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval. The requirements from the FCC, which ensures that deals are in the public interest, include protections for rival...

  • AT&T and the FCC, which determines if telecom mergers are in the public interest, have spent recent weeks negotiating conditions, including requirements that AT&T expand its broadband service and ensure that it does not discriminate against rival content. Video companies Netflix Inc and Dish Network Corp, traffic company Cogent Communications Holdings...

  • WASHINGTON, July 24- The U.S. Food and Drug Administration approved a potent new cholesterol-lowering drug from Sanofi SA and Regeneron Pharmaceuticals Inc on Friday but limited its approved use to patients with a hereditary form of the condition and those with cardiovascular disease. The FDA ruling came just hours after European regulators recommended...

  • NEW YORK— Even as TV watchers increasingly go online, AT&T has become the country's biggest traditional TV provider with its $48.5 billion purchase of DirecTV. That's more than Comcast as well as a bigger Charter, which is seeking government approval to buy Time Warner Cable. DirecTV also has 19.5 million customers in Latin America, where AT&T wants to grow.