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  • Prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, luxury properties in New York and London and gambling debts in Las Vegas. The FBI and other U.S. regulators, including New York's Department of Financial Services, have been investigating Goldman Sachs' business relationship with 1 MDB.

  • BRUSSELS, July 20- Anheuser-Busch InBev said on Wednesday it welcomed the approval of its takeover of SABMiller by the United States Department of Justice, and reaffirmed its intention to close the deal by the end of the year. Anheuser-Busch said in a statement "it has entered into a consent decree with the United States Department of Justice, which clears the way...

  • NEW YORK— Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department that clears the way for U.S. approval of its acquisition of SABMiller. AB InBev, the maker of Budweiser and Bud Light, will sell SABMiller's entire U.S. business to Molson Coors as previously announced as part of the...

  • July 20- Anheuser-Busch InBev SA has secured U.S. antitrust approval for its takeover of SABMiller Plc, after the Budweiser maker agreed to give up ownership of the Miller brand, Bloomberg reported, citing people familiar with the matter.

  • AB Inbev said to win US OK for SABMiller deal: Report

    CNBC's Dominic Chu reports on the Anheuser-Busch InBev and SABMiller deal.

  • WASHINGTON, July 20- Canadian pipeline company Enbridge Inc has agreed to pay $177 million in penalties and improved safety measures in a settlement with the U.S. government announced on Wednesday arising from 2010 oil spills from pipelines in Michigan and Illinois. The settlement, disclosed by Enbridge along with the U.S. Justice Department and the...

  • July 20- The U.S. Justice Department and Environmental Protection Agency and U.S. units of Enbridge Inc reached a settlement under which the pipeline company will pay $177 million after a 2010 oil spill that released crude oil in Michigan and Illinois, Enbridge said on Wednesday. Enbridge Energy Partners will pay $62 million in fines and around $120 million to...

  • NEW YORK— Expect more talk about small business issues like taxes and regulations as the post-convention presidential campaigns intensify, with Republican Donald Trump and Democrat Hillary Clinton trying to woo entrepreneurs and show they know what company owners need. It's a perennial issue the way education and jobs are— part of the rhetoric designed to...

  • A pedestrian walks past the Wall Street subway station near New York Stock Exchange.

    Bank earnings reflect more pay cuts than to job cuts. It's a sign some could be hitting peak efficiency.

  • July 20- Terraform Global Inc said on Wednesday bankrupt solar company SunEdison Inc is looking to sell its interest in the "yieldco." The two companies are in "active discussions" for a joint sale process of the stake, Terraform Global said in a regulatory filing. Terraform Global's shares were up 11.1 percent at $3.61 in light premarket trading.

  • *IPO would be largest in China's cinema industry. The China unit of state-owned China Film Group Corp plans to issue up to 467 million shares in Shanghai, representing 25.01 percent of its issued share capital, according to its prospectus filed with the Shanghai bourse. Fueled by a growing urban middle class, China's movie industry saw box office revenue...

  • July 19- Zafgen Inc said it was suspending the development of its lead obesity drug, beloranib, more than six months after the U.S. Food and Drug Administration asked the company to halt all tests on the drug following the death of two patients. The FDA has approved drugs made by Vivus Inc, Orexigen Therapeutics Inc and Arena Pharmaceuticals Inc in the past few years,...

  • July 19- Zafgen Inc said it was suspending the development of its lead obesity drug, beloranib, more than six months after the U.S. Food and Drug Administration asked the company to halt all tests on the drug following the death of two patients. The U.S. Food and Drug Administration asked Zafgen to halt all tests on the drug in December after a second patient died from...

  • NEW YORK, July 19- U.S. antitrust officials will file lawsuits to stop the two large health insurance deals they have been scrutinizing for a year, Anthem Inc's acquisition of Cigna Corp and Aetna Inc's takeover of Humana Inc, a person familiar with the matter told Reuters. Anthem officials said in May that the Justice Department was particularly concerned about...

  • Transportation Secretary Anthony Foxx said Tuesday that he wants government regulators and the auto industry to work more closely together to test self-driving technology before people entrust their vehicle's steering and brakes to a robot. Foxx told about 1,200 people at a self-driving convention in San Francisco that a more rigorous review of robotic...

  • MEXICO CITY, July 19- Mexico's telecoms regulator said on Tuesday it had set price rules for 2015-2018 for fixed-line telephone firms Telmex and Telnor, part of tycoon Carlos Slim's America Movil, in line with a 2013 law seeking to place new restrictions on the telecom giant. The IFT has beefed up scrutiny of America Movil since it declared the company dominant in...

  • NEW YORK, July 19- The Financial Industry Regulatory Authority fined Prudential Annuities Distributors $950,000 on Tuesday for failing to prevent the fraudulent withdrawal of nearly $1.3 million from an elderly annuity holder's account by her financial officer. Frederick, Maryland- based financial sales assistant Travis Wetzel was convicted of wire...

  • NEW YORK, July 19- U.S. antitrust officials are poised to file lawsuits to block Anthem Inc's acquisition of Cigna Corp as well as Aetna Inc's takeover of Humana Inc, a person familiar with the matter told Reuters. Bloomberg first reported that the Justice Department had decided to sue to block the mergers. Humana and the Justice Department were not immediately...

  • July 19- U.S. seed company Monsanto Co rejected a sweetened $125- per-share offer from Bayer AG, but said it was open to continue talks with the German chemicals group as well as other parties. Bayer had increased its bid by $3 per share last Thursday, making the $125- per-share offer the largest all-cash bid on record. It also offered a $1.5 billion reverse antitrust...

  • BRUSSELS, July 19- Daimler, Paccar and two other truckmakers were fined a record 2.9 billion euros by EU antitrust regulators on Tuesday for taking part in a 14- year cartel. Daimler received the biggest fine at 1.01 billion euros while Volkswagen-owned MAN escaped a penalty because it had alerted the cartel to the European Commission. "It is not acceptable that...