New York Mercantile Exchange › (NYMEX:OG.H12.1370C)
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NEW POLICY: The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some significant settlements. PUBLIC ACCOUNTABILITY: SEC Chairman Mary Jo White says the agency will now demand admissions of wrongdoing in cases involving serious fraud or harm to investors, and where "it's very important to have that public acknowledgement and accountability."
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Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank. "We will consider our options with respect to Sprint, and focus our efforts and resources on completing the Clearwire tender offer," Dish said.