Bloomberg U.S. energy regulators fined trading firm Etracom LLC $2.4 million for engaging in a scheme to rig the California power market. Etracom, a trading company formed in 2008, violated anti-manipulation rules in May 2011 when traders artificially drove down power prices at a point on the grid in eastern central California to reap profits, the Federal Energy Regulatory …

  Bloomberg Carmike Cinemas Inc. shareholders should vote against the proposed $1.1 billion takeover of the movie theater company by AMC Entertainment Holdings Inc., shareholder advisory firm Glass Lewis & Co. recommended in a note. Shareholders should vote against a proposal to approve the takeover as well as payouts to executives and authorization to adjourn a special meeting to give …

  Walter Andersen / Dániel Balázs SPECIAL TO EMIRATES BUSINESS US-India ties over the past few years have become increasingly close, but this movement has evoked limited response in China. Beijing’s composure is based on three factors: (1) Indian foreign policy is independent and free of strategic commitments to another countries; (2) India has been cautious in its handling of …