WASHINGTON (Reuters) – The staff of the U.S. Federal Energy Regulatory Commission has recommended that Barclays should pay roughly $470 million to settle allegations that the bank and its traders manipulated Californ ia energy markets from November 2006 to December 2008. FERC said in an order issued on Wednesday that Barclays and the accused traders have 30 days to show why they should not be penalized. (Reporting by Karey Wutkowski; Editing by Gary Hill) News Corp to buy $2B stake in Australian pay TV
Rupert Murdoch’s News Corp. is set to increase its stake in Australian pay TV after Consolidated Media Holdings Ltd. shareholders voted overwhelmingly to sell the company’s 25 percent share in Foxtel to the Australian subsidiary of the global media empire.
Sudan: 2 Iranian navy ships depart
Sudan’s news agency says two Iranian naval ships have departed after docking at a Sudanese port for three days.
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