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Top News & Analysis North America

  • *London declines to renew Uber licence. LONDON, Sept 22- London deemed Uber unfit to run a taxi service on Friday and stripped it of its licence to operate from the end of next week in a major blow to the U.S. firm and 3.5 million users in one of the world's wealthiest cities. Regulator Transport for London said it would let Uber operate until the appeals process is...

  • Senator Elizabeth Warren has lifted her hold on President Donald Trump's pick to run the Justice Department's Antitrust Division, a move that will allow the Senate to vote to confirm Makan Delrahim, a senior Republican aide said on Friday. Warren, a Massachusetts Democrat, had met with Delrahim early in September where she pressed him about her concerns about...

  • Senator Elizabeth Warren has lifted her hold on President Donald Trump's pick to run the Justice Department's Antitrust Division, a move that will allow the Senate to vote to confirm Makan Delrahim, a senior Republican aide said on Friday. Delrahim, a veteran of the Justice Department and a lobbyist, has been nominated to be assistant attorney general.

  • BOSTON— A Boston police detective is pleading guilty to lying to federal officials so he could fly armed on personal trips and allow a friend to avoid going through airport security. The U.S. Attorney's Office in Boston on Friday said Sgt. Prosecutors allege Smith flew armed on about 28 trips from Logan International Airport in Boston.

  • CHICAGO, Sept 22- Court-ordered mediation aimed at ending a funding dispute between Minnesota's Democratic governor and the Republican-controlled legislature ended on Friday with the mediator declaring an impasse. Richard Solum, a retired Minnesota judge who served as the mediator, said in a statement that after a day and a half of talks he concluded the two...

  • CHICAGO, Sept 22- Court-ordered mediation aimed at ending a funding dispute between Minnesota's Democratic governor and the Republican-controlled legislature ended on Friday with the mediator declaring an impasse. Richard Solum, a retired Minnesota judge who served as the mediator, said in a statement that after a day and a half of talks he concluded the two...

  • WILMINGTON, Del., Sept 22- Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth. In December 2015 Zuckerberg and his wife, Priscilla Chan, a pediatrician,...

  • Senator Elizabeth Warren has lifted her hold on President Donald Trump's pick to run the Justice Department's Antitrust Division, a move that will allow the Senate to vote to confirm Makan Delrahim, a senior Republican aide said on Friday. Warren, a Massachusetts Democrat, had met with Delrahim early in September where she pressed him about her concerns about...

  • The former Wilmington executives are President Robert Harra, Chief Financial Officer David Gibson, Controller Kevyn Rakowski and Chief Credit Officer William North. Prosecutors accused the defendants of hiding Wilmington's deteriorating finances from October 2009 to November 2010, resulting in the company's takeover by Buffalo, New York- based M&T Bank...

  • BOSTON— A Massachusetts drug company has agreed to pay more than $35 million to resolve criminal and civil charges that it falsely marketed a cholesterol medication. The U.S. Attorney's Office in Boston said Friday that Aegerion Pharmaceuticals has agreed to plead guilty to two misdemeanor counts of violating federal law when it sold and promoted the drug...

  • CHICAGO, Sept 22- Illinois will sell $6 billion of bonds in October to shrink the state's unpaid bill backlog that hit a record $16 billion this week, the Governor's Office of Management and Budget said on Friday. In October, Illinois will sell $4.5 billion of general obligation bonds through a team of senior underwriters consisting of Barclays Capital, Bank of...

  • OTTAWA, Sept 22- Canada will impose targeted sanctions against 40 Venezuelan senior officials, including President Nicolás Maduro, to punish them for "anti-democratic behavior," the foreign ministry said on Friday. "Canada will not stand by silently as the government of Venezuela robs its people of their fundamental democratic rights," Foreign Minister...

  • NEW YORK, Sept 22- Speculators' net short bets on the U.S. dollar grew in the latest week to the highest total since January 2013, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position, derived from net positions of International Monetary Market speculators in the yen,...

  • Senator John McCain said on Friday he opposes the latest Republican bill to dismantle Obamacare, dealing the measure what could be a fatal blow given the party's slim Senate majority. With several other Republicans still undecided on the measure, Senate Majority Leader Mitch McConnell said earlier this week he intended to bring it to the Senate floor for a...

  • BOSTON, Sept 22- A former Akebia Therapeutics Inc employee accused of insider trading was re-arrested on Friday after violating a bail condition as a prosecutor who once called him "increasingly unhinged" said he would seek the man's detention pending trial. Schultz Chan, the former director of biostatistics at the Cambridge, Massachusetts- based...

  • CHICAGO, Sept 22- Illinois will sell $6 billion of bonds in October to shrink the state's unpaid bill backlog that hit a record $16 billion this week, the Governor's Office of Management and Budget said on Friday. In October, Illinois will sell $4.5 billion of general obligation bonds through a team of senior underwriters consisting of Barclays Capital, Bank of...

  • Kevin Brady, R- Texas, chair of the House Ways and Means Committee, would ease requirements for deducting individual property losses and allow people to draw on their retirement funds without penalty. Vern Buchanan of Florida, a senior member of the Ways and Means Committee and co-chair of the state's congressional delegation, called Brady's legislation "a...

  • Sept 22- The U.S. Food and Drug Administration has declined to approve Johnson& Johnson's rheumatoid arthritis drug sirukumab, saying additional clinical data is needed to further evaluate its safety, the company said on Friday. The FDA's decision is in keeping with an advisory panel's recommendation in August that the FDA reject the drug.

  • SANTA ANA, Calif.— A federal judge has granted preliminary approval of a lawsuit settlement requiring Mercedes-Benz to replace seat heaters in up to 270,000 SUVs. Mercedes-Benz has denied its heaters are defective and said in court filings that Callaway "did nothing to treat the so-called' injury.'". "There was no blister and no scar," Mercedes-Benz wrote in a court...

  • *North Korea rhetoric boosts safe-haven assets. Treasury and gold prices rose while the Japanese yen strengthened on Friday as a fresh exchange of barbs between North Korea and the United States fueled geopolitical concerns. "Increasing tensions with North Korea is putting a little bit of selling pressure on the dollar, especially against the Japanese yen,"...