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Wires

  • *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...

  • *London declines to renew Uber license. LONDON, Sept 22- London deemed Uber unfit to run a taxi service on Friday and stripped it of its license 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.

  • 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...

  • The Investment Company Institute, which represents over 95 million U.S. shareholders, wants the SEC to clear up concerns about its cyber defenses before requiring funds to submit monthly performance data to the regulator, Paul Schott Stevens, the group's chief executive, told Reuters in a phone interview. "What the SEC breach now makes very clear is precisely...

  • LONDON Sept 22- Ratings agency Moody's downgraded Britain's credit rating by a further notch on Friday, saying the government's plans to fix the public finances had been knocked off course and Brexit would weigh on the economy. A few hours after Prime Minister Theresa May set out plans for a new relationship with the European Union, Moody's cut the rating to Aa2...

  • 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,...

  • Sept 22- Automatic Data Processing Inc rejected billionaire hedge fund manager William Ackman's request to use a universal proxy card during the human resources outsourcing company's annual shareholder meeting. ADP shareholders are expected to elect new board members at the company's annual meeting on Nov. 7. Ackman, whose hedge fund Pershing Square...

  • Sept 22- Automatic Data Processing Inc rejected billionaire hedge fund manager William Ackman's request to use a universal proxy card during the human resources outsourcing company's annual shareholder meeting. ADP shareholders are expected to elect new board members at the company's annual meeting on Nov. 7. Ackman, whose hedge fund Pershing Square...

  • 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...

  • The Investment Company Institute, which represents over 95 million U.S. shareholders, wants the SEC to clear up concerns about its cyber defenses before requiring funds to submit monthly performance data to the regulator, Paul Schott Stevens, the group's chief executive, told Reuters in a phone interview. ICI, whose shareholders have $20 trillion plus in...

  • INVESTMENT COMPANY INSTITUTE CALLS FOR INDEPENDENT PROBE OF U.S.

  • Sept 22- Automatic Data Processing Inc rejected billionaire hedge fund manager William Ackman's request to use a universal proxy card during the human resources outsourcing company's annual shareholder meeting. ADP shareholders are expected to elect new board members at the company's annual meeting on Nov. 7. Ackman, whose hedge fund Pershing Square...

  • SAO PAULO, Sept 22- The Brazilian unit of U.S.-based commodities trader Bunge Ltd said on Friday it reached an agreement to acquire a minority stake in Agrícola Alvorada, a mid-sized grains trader located in Brazil's top soy producing state of Mato Grosso. Bunge said in a statement that the deal will strengthen its grains sourcing activities in Brazil.

  • 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...