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  • 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...

  • Greece sees gas grid deal with Azeri SOCAR progressing Wednesday, 26 Aug 2015 | 6:53 AM ET

    ATHENS, Aug 26- Greece's privatization agency said on Wednesday that 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. "All the parties involved reiterate their commitment to complete the deal as soon as possible," HRADF, the Greek privatization...

  • Local channels blacked out on Dish across 36 states Wednesday, 26 Aug 2015 | 2:11 AM ET

    Aug 26- Dish Network Corp said subscribers have lost access to more than 100 local stations due to a distribution dispute with Sinclair Broadcast Group Inc, affecting viewers of a string of ABC, CBS, Fox, and NBC channels. Dish had filed a complaint with the Federal Communications Commission on Aug. 15 regarding Sinclair's intention to black out channels.

  • MEXICO CITY, Aug 25- Oil companies competing in the next phase of Mexico's historic Round One auction will know the minimum level of profits demanded by the government prior to the auction, the sector regulator said on Tuesday, in a bid to raise investor interest. Mexican billionaire Carlos Slim's Carso Oil and Gas is also among the firms that have pre-qualified...

  • NEW YORK, Aug 25- Alcoa Inc will challenge the chairman of the U.S. commodities regulator on its authority to interfere in the London Metal Exchange's warehousing reform at a meeting on Wednesday, a spokeswoman said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and Alcoa Executive Vice President and Chief...

  • Aug 25- Russia's consumer safety watchdog Rospotrebnadzor said it had asked retailers to withdraw some batches of detergents made by foreign companies including Henkel& Co and Procter& Gamble as they did not meet toxicological safety criteria. Russia banned many food imports from the European Union and the United States last year in retaliation to their...

  • HELENA, Mont.— Montana reached a settlement with CenturyLink on Tuesday that requires the telecommunications company to improve maintenance response times and accept a federal grant to expand broadband in the state. The Public Service Commission voted 4-0 to approve the agreement, which demands that CenturyLink take the six-year, $90 million grant from the...

  • SAO PAULO, Aug 25- Brazilian state-controlled bank Caixa Econômica Federal's insurance unit filed on Tuesday for an initial public offering, the first in a wave of offerings anticipated by state firms this year. State-controlled Banco do Brasil SA's investment banking unit is the deal's top undewriter, along with UBS AG. Banco Bradesco BBI, Itaú BBA SA, Grupo...

  • CFTC to meet with Alcoa on LME warehouse reform Tuesday, 25 Aug 2015 | 1:13 PM ET

    NEW YORK, Aug 25- The chairman of the U.S. commodities regulator and aluminum producer Alcoa Inc will meet this week to discuss metals warehousing reform, a spokesman for the agency said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and a representative from Alcoa will take place on Wednesday afternoon.

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...

  • BRUSSELS, Aug 25- European Union antitrust authorities are investigating possible anti-competitive practices in precious metals trading as they joined other regulators in a crackdown on possible rigging of the markets. The EEA refers to the 28- country European Union, plus Iceland, Liechtenstein and Norway. "In April 2015, the European Commission issued a...

  • *Company is under investigation by Hong Kong market watchdog. HONG KONG, Aug 25- Hanergy Thin Film Power Group Ltd, which is being probed by Hong Kong regulators after its stock suddenly plunged, will have to convince shareholders about its outlook after it cut ties with its parent, which last year alone bought about two-thirds of its solar panel making equipment.

  • *Company is under investigation by Hong Kong market watchdog. HONG KONG, Aug 25- Hanergy Thin Film Power Group Ltd, which is being probed by Hong Kong regulators after its stock suddenly plunged, will have to convince shareholders about its outlook after it cut ties with its parent, which last year alone bought about two-thirds of its solar panel making equipment.