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Government Agencies FDA

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  • Bank of America flag

    The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.

  • Eyeing An Opportunity For Genentech Monday, 1 Feb 2010 | 2:28 PM ET

    For Roche/Genentech the timing could not be worse. At a time when cutting healthcare costs could still end up being put back on the frontburner in Washington comes a study showing how to possibly save a heckuva lot of money.

  • Johnson & Johnson Results Top Wall Street Views Tuesday, 26 Jan 2010 | 9:38 AM ET
    Johnson & Johnson

    Johnson & Johnson reported Tuesday better-than-expected fourth quarter sales and earnings, helped by a recovering global economy, but provided a 2010 profit forecast range that barely reached Wall Street projections.

  • Investors Want Aid From Stanford-Linked Congressman Wednesday, 30 Dec 2009 | 6:44 PM ET
    R. Allen Stanford

    A group of investors in Allen Stanford's alleged Ponzi scheme are demanding a powerful Texas congressman give them the same kind of support he showed Stanford when regulators shut down the alleged scam in February.

  • Stanford Bail Denied, Feds Probe Congressional Ties Sunday, 27 Dec 2009 | 3:54 PM ET
    Allen Stanford

    A federal judge has denied an emergency request by attorneys for indicted billionaire Allen Stanford to free their client on bail. 

  • Stocks Close Out Solid Holiday Week Thursday, 24 Dec 2009 | 1:00 PM ET
    Winterizing Your Portfolio - A CNBC Special Report

    Stocks closed higher as a holiday rally got a further push from big technology, banks and commodities, though most investors took Christmas Eve off.

  • Futures Little Moved By Jobless Claims Drop Thursday, 24 Dec 2009 | 5:59 AM ET
    Winterizing Your Portfolio - A CNBC Special Report

    Futures mostly shrugged off news that weekly unemployment claims hit their lowest level in 15 months, but stocks were still poised for a gain in a holiday-shortened session Thursday.

  • A Public Hearing That Isn't Public Thursday, 12 Nov 2009 | 12:04 PM ET
    Twitter

    Today starts a two-day FDA public hearing in Washington, DC on biopharma and social media. I decided not to go because talking heads in a meeting room just don't make for good TV. And this is just the first step in what is no doubt going to be a very long, involved policy-making process. But as it turns out, it looks like it might have been futile for me to try to attend anyway.

  • Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.

  • Amgen Sued Over Alleged Sales Kickback Schemes Friday, 30 Oct 2009 | 2:31 PM ET
    Amgen

    New York Attorney General Andrew Cuomo and 14 other states are filing a lawsuit against Amgen, alleging that the biotech company was offering kickbacks to medical providers to increase the sale of its anemia drug Aranesp.

  • FDA

    The Smart Choices nutrition labeling program, created voluntarily by nine large U.S. manufacturers, is halting after federal regulators said such systems could mislead consumers, officials with the labeling group said Friday.

  • David Einhorn

    A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.

  • Tax Havens Face Global Crackdown: OECD Chief Wednesday, 2 Sep 2009 | 4:50 PM ET
    tax_notice.jpg

    A global crackdown on bank secrecy and offshore tax havens is gaining steam due to  the worldwide financial crisis, the head of the OECD told CNBC.

  • stanford_allen.jpg

    The industry self-regulatory organization that was supposed to police the brokers at the Stanford Financial Group acknowledges it received a tip from an employee in 2003 that the company was running a Ponzi scheme, but did not follow up on it because of the agency's own policy.

  • Stanford Investigators Turn Sights Toward Banks Monday, 17 Aug 2009 | 7:48 PM ET
    stanford_allen.jpg

    Several banks, including two in the U.S., face new scrutiny as investors and regulators try to sort out the alleged Stanford Ponzi scheme, CNBC has learned. At issue: what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.

  • Stanford Lawyer Quits over Cash Saturday, 1 Aug 2009 | 5:59 PM ET

    Accused fraudster Allen Stanford once claimed a net worth of more than $2 billion. But with all of his assets frozen by a federal judge, he has no funds to pay his high-powered criminal defense lawyer, Dick DeGuerin of Houston.

  • Merck Hangs Out The Shingle Tuesday, 21 Jul 2009 | 11:43 AM ET
    Shingles image from Zostavax.com

    Recently, Merck came out with the first vaccine for shingles called Zostavax. But it had manufacturing and supply issues that hurt the launch. In its earnings press release today, Merck says as of last month it has "resumed normal shipping schedules for Zostavax."

  • Sotomayor On the High Court: What Business Can Expect Wednesday, 15 Jul 2009 | 12:16 PM ET
    Sonia Sotomayor, as nominee for US Supreme Court Justice.

    Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

  • Is Lilly's Effient Sufficient? Monday, 13 Jul 2009 | 11:28 AM ET
    lilly_hq.jpg

    I was wrong. I'd blogged a few times that I thought the FDA might have a problem with "Effient," Eli Lilly's proposed name for its bloodthinner, because it was too close to efficient and all the connotations that would have.

  • FDA Clears Nestle in E.coli Cookie Dough Case Thursday, 9 Jul 2009 | 5:42 PM ET

    Nestle is no longer under investigation by the Food and Drug Administration after tests revealed the E.coli strain found in Nestle’s cookie dough last month was not the cause of over 70 recent illnesses, the Wall Street Journal reported.