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  • Aug 20- Canada's Valeant Pharmaceuticals International Inc is nearing a deal to pay $1 billion for Sprout Pharmaceuticals, the company that just won approval to sell the first drug that aims to boost a woman's libido, the Wall Street Journal reported. The U.S. Food and Drug Administration late on Tuesday approved Sprout's drug for pre-menopausal women.

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. Austin, Texas- based Guaranty Bank closed in August 2009, and the FDIC arranged for its deposits to be assumed by BBVA...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. The Federal Deposit Insurance Corp, which sued in its capacity as receiver for Guaranty Bank, said it suffered more...

  • SAO PAULO, Aug 19- Brazilian engineering company Camargo Correa has agreed to pay fines of more than 104 million reais and admit to participating in a cartel that fixed prices on contracts with state-run oil producer Petrobras, antitrust regulator Cade said on Wednesday. Camargo Correa was the first of Brazil's construction companies whose top executives...

  • WASHINGTON, Aug 19- A unit of Citigroup Inc will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citigroup has been dinged for regulatory failures.

  • AbbVie buys special review voucher for $350 mln Wednesday, 19 Aug 2015 | 10:41 AM ET

    Aug 19- AbbVie Inc has bought a priority review voucher from United Therapeutics Corp for $350 million that will allow it to accelerate the review process for one of its drugs. United Therapeutics received a rare pediatric disease priority review voucher in March after its drug, Unituxin, was approved by the U.S. Food and Drug Administration to treat...

  • Goldman Sachs's unit obtains Hong Kong banking license Wednesday, 19 Aug 2015 | 5:05 AM ET

    HONG KONG, Aug 19- A wholly-owned unit of Goldman Sachs Group received a banking license from The Hong Kong Monetary Authority, the HKMA announced on Wednesday, in a step that creates a local subsidiary through which the U.S investment bank can book its trades. The so-called restricted banking license that Goldman Sachs has obtained allows it to take deposits of...

  • FDA approves first pill aimed at boosting female libido Wednesday, 19 Aug 2015 | 12:05 AM ET

    WASHINGTON— The Food and Drug Administration has approved the first prescription drug designed to boost sexual desire in women, a milestone long sought by a pharmaceutical industry eager to replicate the blockbuster success of impotence drugs for men. Under an FDA- imposed safety plan, doctors will only be able to prescribe Addyi after completing an online...

  • Female libido pill took long, winding route to market Tuesday, 18 Aug 2015 | 8:10 PM ET

    The FDA had never approved a drug for that condition or any other female sexual disorders. —June 2010: A panel of FDA advisers votes unanimously against the drug, saying its benefits are outweighed by its risks, including side effects like dizziness, fatigue and fainting. —March 2013: Sprout resubmits the drug to FDA with additional data showing its benefits using a...

  • WASHINGTON— The Food and Drug Administration on Tuesday approved the first prescription drug designed to boost sexual desire in women, a milestone long sought by a pharmaceutical industry eager to replicate the blockbuster success of impotence drugs for men. Under an FDA- imposed safety plan, doctors will only be able to prescribe Addyi after completing an...

  • EPA proposes new standards to cut methane emissions Tuesday, 18 Aug 2015 | 4:16 PM ET
    Natural gas is flared off at Apache Corp.'s Deadwood natural gas plant in Garden City, Texas.

    The proposal would cut methane emissions from the oil and gas sector by 40 to 45 percent over the next decade.

  • NEW YORK, Aug 18- Promontory Financial Group LLC has agreed to pay $15 million to New York's banking regulator and refrain from certain new business with state-regulated banks for six months after being accused of whitewashing a report about sanctions compliance at Standard Chartered Bank. Promontory is the third consulting firm to settle with the New York...

  • BEIJING, Aug 18- Chinese technology firms Hithink RoyalFlush Information Network Co. Ltd. and Hundsun Technologies Inc. said on Tuesday they were being investigated by China's securities watchdog for alleged violations of securities laws. Hundsun Technologies will "actively cooperate with" the China Securities Regulatory Commission and "perform its...

  • Massachusetts casino takes in $18M in first month Tuesday, 18 Aug 2015 | 7:19 AM ET

    PLAINVILLE, Mass.— State gambling regulators say Massachusetts' first casino made more than $18 million in gross gambling revenue in its first full month in business, generating $8.9 million for the state. Eric Schippers of Plainridge owner Penn National Gaming said the take was in line with expectations. Gambling experts warn that Plainridge's real test will...

  • Greece gives German firm rights to run 14 airports Tuesday, 18 Aug 2015 | 5:36 AM ET

    ATHENS, Greece— Greece has agreed to sell to a German company the rights to operate 14 regional airports. The government had initially vowed to cancel the country's privatization program, but Tsipras has been forced to renege on his pre-election promises in order to win a deal on a third international bailout for Greece, worth 86 billion euros.

  • WASHINGTON, Aug 17- The U.S. Environmental Protection Agency will propose regulations on Tuesday aimed at cutting methane emissions from the oil and gas sector by 40 to 45 percent over the next decade from 2012 levels, a source familiar with the issue said on Monday. The regulations on methane are one part of the Obama administration's strategy to curb...

  • Pet supplies retailer Petco files for IPO Monday, 17 Aug 2015 | 4:37 PM ET

    Aug 17- Pet supplies retailer Petco Holdings Inc filed with U.S. regulators on Monday for an initial public offering of common stock. Goldman Sachs, Merrill Lynch, Pierce, Fenner& Smith and JP Morgan are among the underwriters to the IPO. Petco was taken private in a $1.8 billion leveraged buyout by TPG Capital and Leonard Green in 2006..

  • WASHINGTON— Two Citigroup Inc. affiliates have agreed to pay $179.5 million to resolve federal regulators' charges of misleading investors in hedge funds that later collapsed. The Securities and Exchange Commission announced Monday the settlement with Citigroup Alternative Investments, a subsidiary of the bank, and Citigroup Global Markets, an...

  • WASHINGTON, Aug 17- Two units of Citigroup will pay nearly $180 million to settle financial crisis-era charges alleging they defrauded investors in two hedge funds by telling them the funds were safe, low-risk investments, U.S. regulators said Monday. "We are pleased to have resolved this matter," a Citigroup spokeswoman said in a statement.

  • Olympus did not report the problems to the FDA until 2015, when the company was already under scrutiny for a more recent series of outbreaks. Medical device manufacturers are required to report serious device problems to the FDA within 30 days of learning about them. The FDA inspected four company sites in Japan and the U.S. between March and April this year.