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  • Halliburton, Baker Hughes scrapping $28B merger

    The two oilfield services providers announce the termination of their merger deal.

  • Halliburton

    Halliburton and Baker Hughes announced the termination of their merger agreement in the face of regulatory opposition.

  • May 1- Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. The contract governing Halliburton's cash-and-stock acquisition of Baker Hughes, which was valued at $34.6 billion when it was announced in...

  • May 1- Oilfied services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. The contract governing Halliburton's cash-and-stock acquisition of Baker Hughes, which was valued at $34.6 billion when it was announced in...

  • May 1- Halliburton Co and Baker Hughes Inc are expected to announce the termination of their merger agreement on Monday after it faced opposition from U.S. and European antitrust regulators, a person familiar with the matter said. The contract governing Halliburton's acquisition of Baker Hughes, which was valued at $35 billion when it was announced in...

  • THE HAGUE, Netherlands— With about 92 percent of the world's declared chemical weapons stockpiles destroyed, the watchdog agency overseeing the elimination of poison gas and nerve agents is looking now to counter emerging threats from extremist groups while still dealing with unfinished business in Syria. The Organization for the Prohibition of Chemical...

  • April 29- A U.S. federal jury found former Immunosyn Corp Chief Executive Stephen Ferrone liable on Friday on charges of fraudulently misleading investors, U.S. securities regulators said. "We are pleased with the jury's finding that Stephen Ferrone defrauded Immunosyn's investors with misleading statements in the company's filings and press releases and...

  • April 29- A U.S. federal jury found former Immunosyn Corp Chief Executive Stephen Ferrone guilty on Friday of fraudulently misleading investors, U.S. securities regulators said. "We are pleased with the jury's finding that Stephen Ferrone defrauded Immunosyn's investors with misleading statements in the company's filings and press releases and his own...

  • The Federal Deposit Insurance Corp. said that Trust Co. Bank of Memphis, Tennessee, was closed Friday,. As of Dec. 31, Trust Co. Bank had about $20.7 million in total assets and $20.3 million in total deposits. The Bank of Fayette County of Piperton, Tennessee, agreed to buy about $3.9 million of the failed bank's assets and assume all of its deposits.

  • NEW YORK, April 29- JPMorgan Chase& Co disclosed on Friday that its "criticized" loans to the oil and gas industry more than doubled in the first three months of the year. Criticized oil and gas loans, which are defined by regulators as doubtful, substandard or deserving of special mention, rose to $9.7 billion at the end of March from $4.5 billion at the end of December,...

  • Criticized oil and gas loans, which are defined by regulators as doubtful, substandard or deserving of special mention, rose to $9.7 billion at the end of March from $4.5 billion at the end of December, according to a quarterly filing the company made with the U.S. Securities and Exchange Commission.

  • WASHINGTON, April 29- U.S. government-owned passenger rail company Amtrak wields improper and coercive regulatory power over private freight carriers under a law that lets it help set rules that competing railroads must follow, a federal appeals court ruled on Friday. The U.S. Court of Appeals for the District of Columbia Circuit struck down parts of the 2008...

  • Pennsylvania environmental regulators want to determine whether a series of minor earthquakes in the state this week were caused by nearby fracking operations by an oil and gas company. Five tiny temblors, all too weak to be felt by humans, took place in a 22- hour span in Lawrence County, about 50 miles north of Pittsburgh and three-quarters of a mile from a...

  • Pharmacy

    CNBC's Meg Tirrell speaks with Jim Greenwood, Biotechnology Industry Organization President and CEO, and CNBC Contributor and Former Pennsylvania Governor Ed Rendell, about the battle over drug pricing and whether more government regulation is warranted.

  • *Google likely to face first EU sanction in 2016- sources. BRUSSELS, April 29- Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. Such a change of heart appears unlikely, with European Competition...

  • April 29- Deutsche Börse Ag. *CFO of Deutsche Börse Ag was asked to comment on regulatory consequences of "Brexit" for proposed merger with LSE Group Plc. *CEO was quoted saying "a merger between London and Frankfurt will create a highly profitable business".

  • WASHINGTON— A federal appeals court has once again ruled that Congress can't give Amtrak power to impose rail standards on other private railroads. The Supreme Court sent the case back, telling the lower court to consider that Amtrak was created by Congress with heavy government oversight and public subsidies. "There are limits to how far Congress may go to...

  • COLUMBUS, Ohio— Ohio's top utility regulator resigned on Friday, marking the fourth departure from the job since Gov. Andre Porter, chairman of the Public Utilities Commission, said in his resignation letter that the decision to leave for the private sector was "very difficult." The Federal Energy Regulatory Commission says the power purchase agreements, filed...

  • *Google likely to face first EU sanction in 2016- sources. BRUSSELS, April 29- Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. Such a change of heart appears unlikely, with European Competition...

  • April 29- Chinese solar panel maker Yingli Green Energy Holding Co Ltd said on Friday it was delaying filing its annual report with U.S. regulators as it said it needed more time to finalize its financial statements. The company it was delaying by 15 days filing its annual report with the U.S. Securities and Exchange Commission and expects to raise substantial...