White House Government Agencies

  • NEW YORK, April 12- The New York Federal Reserve will launch a weekly gauge of the U.S. economy at a time when investors are concerned about slowing overseas demand and wild swings across financial markets. The New York Fed is known for having an ear on Wall Street due to its role conducting daily market operations for the entire U.S. central bank system.

  • *Panel recommends FDA wait for results of ongoing study. *Drug unlikely to get FDA approval- analyst. The panel voted 12-1 against giving the drug an accelerated approval, and recommended the FDA wait for the results from an ongoing late-stage trial that compares the drug's effect to that of chemotherapy.

  • WASHINGTON, April 12- The heads of two regional Federal Reserve banks supported a rate hike ahead of the Fed's March meeting as an improving economy added to sentiment to tighten monetary policy. Kansas City Federal Reserve Bank president Esther George dissented, preferring to raise rates. Richmond Federal Reserve Bank president Jeffrey Lacker does not vote...

  • April 12- An independent panel of experts advising the U.S. Food and Drug Administration did not back the accelerated approval of Clovis Oncology Inc's lung cancer drug. The FDA is not obligated to follow the panel's recommendations, but it typically does so. On Friday, FDA scientists raised questions about whether rociletinib was superior to existing...

  • *USDA trims domestic soybean inventories. "It's a report with no new bullish news and it's a market that's mature here at the top," said Don Roose, president of Iowa- based broker U.S. Commodities. May soybeans at the Chicago Board of Trade were up 0.1 percent at $9.29 a bushel by 11:50 a.m. CDT after rising to a peak of $9.37-1/ 4, the highest for the most-active contract...

  • April 12- An independent panel of experts to the U.S. Food and Drug Administration on Tuesday asked Clovis Oncology Inc for more data on its lung cancer drug before making a final decision on the treatment. The drug, rociletinib, is designed to treat a subset of patients with advanced non-small cell lung cancer whose condition has worsened despite treatment.

  • LONDON, April 12- Gold rose to three-week highs on Tuesday as the dollar sank back to a near 8- month low, weighed down by expectations that the Federal Reserve will keep U.S. interest rates lower for longer. Spot gold touched a high of $1,262.60 an ounce before easing back to $1,258.46 an ounce by 1130 GMT, up 0.1 percent. Silver also broke above $16 an ounce for the...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Federal authorities are pushing the New York- based firm to plead guilty in what would be a rare move for a big financial...

  • LONDON, April 12- Gold rose to three-week highs on Tuesday as the dollar sank back to a near 8- month low, weighed down by expectations that the Federal Reserve will keep U.S. interest rates lower for longer. Spot gold was up 0.2 percent at $1,259.40 an ounce at 0930 GMT, having earlier touched a high of $1,262.60 an ounce. Silver also broke above $16 an ounce for the...

  • Obama and Yellen trade notes

    President Obama and Federal Reserve Chair Janet Yellen met Monday to discuss Wall Street reform.

  • SINGAPORE, April 12- Gold jumped to a three-week peak on Tuesday on expectations the Federal Reserve will not raise U.S. interest rates soon and as the dollar traded close to its lowest in nearly eight months. *Spot gold rose to $1,259.66 an ounce early on Tuesday, its highest since March 18. However, it pared gains to trade down 0.2 percent at $1,254.70 an ounce by 0036...

  • SAN FRANCISCO/ RUSTON, La., April 11- A former top Federal Reserve policy advisor called Monday for the Fed's 12 regional outposts to be made government entities, rather than owned, as they have been since their inception more than a century ago, by the banks they regulate. Dartmouth College Professor Andrew Levin also called for seven-year term limits for all Fed...

  • Attorney General Loretta Lynch announced on Monday that Bill Baer will serve as acting associate attorney general, leaving his position as head of the department's Antitrust Division to take the No. 3 post at the department. "From his work at the Federal Trade Commission to his leadership of the Justice Department's Antitrust Division, he has demonstrated...

  • Man examining coins with magnifying glass  at home

    Make sure you're up on credits you may be able to claim. It could make a serious dent in your tax burden or even result in a tax return.

  • Obama set to meet with Fed Chair Yellen

    President Obama will discuss the economy and Wall Street reform with US Federal Reserve Chair Janet Yellen on Monday.

  • U.S. Federal Reserve Chair Janet Yellen

    President Barack Obama will meet with U.S. Federal Reserve Chair Janet Yellen on Monday to discuss the economy and Wall Street reform.

  • WASHINGTON, April 10- President Barack Obama will meet with U.S. Federal Reserve Chair Janet Yellen on Monday to discuss the economy and Wall Street reform, the White House said on Sunday. "In the afternoon, the president will meet with Federal Reserve Chair Janet Yellen to discuss the state of the American and global economy, Wall Street reform, and the long-term...

  • Federal Reserve, the Bank of England and the European Central Bank all have been disappointed to varying degrees about how little inflation has picked up, or indeed how it has spent too much time going the opposite way. Even in China, where it is difficult to fathom the sheer magnitude of fiscal and monetary stimulus Beijing has piled on since the financial crisis,...

  • April 8- Wells Fargo& Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice lawsuit. The settlement with Wells Fargo, the largest U.S. mortgage lender and third-largest U.S. bank by assets, was filed on Friday in Manhattan federal court.

  • April 8- Wells Fargo& Co has formally reached a $1.2 billion settlement to end a U.S. Department of Justice lawsuit accusing it of knowingly deceiving the federal government into insuring thousands of risky mortgages. The accord was filed on Friday in Manhattan federal court. It also resolves claims against Kurt Lofrano, a former Wells Fargo vice president.