Legal & Regulatory

Gaming Activity in Atlantic City Expected to Decline to 41 percent 2011

Brookfield bids for Atlantic City's Revel Casino

An affiliate of Brookfield Asset Management (BAMa.TO) (BAM.N) has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

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France

France uses tax to put pressure on hepatitis C drug prices

France will tax drugmakers whose costly hepatitis C drugs threaten to throw off course its healthcare budget, the government has said, heaping pressure on pharmaceutical companies like Gilead Sciences to cut their prices.

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News Corp Chief Executive Rupert Murdoch

News Corp to buy real estate website operator Move for $950 mln

Rupert Murdoch's News Corp (NWSA.O) said it would buy Move Inc (MOVE.O), the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business.

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eBay Inc

Launching marketplace, eBay aims to drive consolidation in Russia

Internet auction site eBay intends to drive a wave of consolidation in Russia's e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens.

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The iPhone 6 Plus

China regulator approves Apple's iPhone 6 for sale in China

Apple Inc's (AAPL.O) iPhone 6 can now be sold in China, after the firm received a license for the device to be used on China's wireless networks.

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Commerzbank

NY targets Commerzbank employees in sanctions accord - sources

New York's financial regulator wants some Commerzbank AG (CBKG.DE) employees to be fired as part of a settlement over allegations the German lender improperly processed transactions with Iran and other countries facing U.S. sanctions, according to people familiar with the matter.

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Airbus A350 XWB

Airbus seen set to win A350 certification on Tuesday

Airbus (AIR.PA) looks set to win European safety certification for its newest airliner, the A350, on Tuesday, people familiar with the plans said.

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Roche Holding

Hundreds of firms join global hunt for copycat biotech drugs

Hundreds of companies around the world are chasing an emerging market for cheaper copies of costly biotech drugs, with more than 700 so-called biosimilars now in development or already approved, according to a major study of the sector.

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Russian President Vladimir Putin

Russia warns Ukraine, EU over free-trade pact

Russia issued a new warning on Monday that it would retaliate if the European Union or Ukraine push ahead with moves to implement a free-trade agreement.

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US Currency Notes

Dollar surges anew, euro zone data eyed

The dollar rose to new multi-year highs against the yen, euro and a basket of currencies on Monday, a three-month-old rally showing no signs of dissipating before a week of important economic set pieces.

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American International Group Inc (AIG)

Six years after AIG bailout, trial asks: was it legal?

One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc (AIG.N) was, in fact, legal.

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Alibaba logo

Alibaba finance arm, Juneyao airline both get private bank approval

Alibaba Group Holding Ltd's finance arm has been given government approval to set up a private bank, China's banking regulator said on Monday, the latest step in the e-commerce company's push into the financial services sector.

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Irish Flag and Euro Currency Symbol

Brussels to accuse Apple over illegal Irish tax deals: FT

The European Commission will accuse Apple Inc (AAPL.O) of benefiting from illicit state aid in Ireland, based on preliminary findings of an investigation into tax deals, the Financial Times reported citing people familiar with the matter.

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Instagram

Instagram reportedly blocked in China amid Hong Kong protests

Instagram, the popular photo-sharing service owned by Facebook Inc (FB.O), has been blocked in China, according to numerous reports, including from Hong Kong-based reporters with the New York Times.

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Internet in an airplane

Europe allows gadgets to stay on during flights

Airline passengers will be able to use smartphones and tablet computers throughout their entire flight, the European Aviation Safety Agency (EASA) said on Friday, which could also pave the way for airlines to offer wireless communication services.

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