White House Government Agencies

More

  • SINGAPORE, Feb 10- Gold rose for an eighth session out of nine on Wednesday, climbing towards a 7-1/ 2- month high as investors sought the safe-haven asset amid tumbling stock markets and concerns about the global economy. Spot gold was up 0.2 percent to $1,190.71 an ounce by 0310 GMT, after hitting an earlier intraday high of $1,194.06. Federal Reserve Chair Janet...

  • TOKYO, Feb 10- The dollar nursed losses around 3-1/ 2- month lows on Wednesday, pressured by the specter of a global economic slowdown as European banks struggled to fend off growing doubts over their health and as oil prices slipped back. Many traders suspect those troubles will prevent the Federal Reserve from raising interest rates in the near future and look...

  • The FDA usually, but not always, follows the advice of its advisory panels. But the FDA has previously determined it may be appropriate to license biosimilars for additional conditions for which a branded product is approved, even if the biosimilar has not been tested for them. Steven Solga, head of gastroenterology at St. Luke's University Hospital in Bethlehem,...

  • NEW YORK, Feb 9- While Federal Reserve Chair Janet Yellen is the one tasked with delivering a message over the next two days when she speaks to Congress, financial markets are keen to know if she has absorbed their message to her: stifle your rate hike plans. "Investors are pricing in no chance of a rate hike until summer of 2017, and the Fed is indicating four more," said...

  • Feb 9- As interest rates turn negative around the world and Federal Reserve Chair Janet Yellen prepares to testify before Congress on Wednesday, investors are wondering how the Fed will respond and how far it could go. Some investors believe that should market conditions worsen, the Fed will be forced to join central bankers in Japan, the euro zone and others in...

  • WASHINGTON/ SAN FRANCISCO, Feb 9- Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. "I think that markets probably have over-reacted to the sense that the Fed won't raise rates any time soon,"...

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down almost 4 percent. FDA scientists released their favorable report ahead of a meeting Tuesday of an independent medical advisory panel to the agency. "The data submitted by Celltrion show that is highly similar to U.S.-licensed Remicade" in treating...

  • WASHINGTON— U.S. companies advertised more available jobs in December and more Americans quit, trends that could lift wages in the coming months. The number of job openings jumped 4.9 percent to 5.6 million, the most since July, the Labor Department said Tuesday. Federal Reserve chair Janet Yellen has said that she monitors quits as a potential sign of an...

  • DIARY-Top Economic Events to Feb 21 Monday, 8 Feb 2016 | 7:01 PM ET

    Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • WASHINGTON— The Federal Aviation Administration says there are now more registered drone operators in the U.S. than there are registered manned aircraft. FAA Administrator Michael Huerta told a legal forum on Monday that the agency passed the milestone last week when it topped 325,000 registered drone owners. FAA officials launched a drone registration...

  • SAN FRANCISCO, Feb 8- Just because the U.S. economic recovery is nearly seven years along is no reason to think that the nation is due for a recession, according to a study published Monday by the San Francisco Federal Reserve Bank. Unlike humans, economic expansions "do not become progressively more fragile with age," San Francisco Fed chief researcher Glenn...

  • WASHINGTON— Things looked so clear back in mid-December. The Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016.. But as Chair Janet Yellen addresses Congress this week, most analysts and investors think the Fed will raise rates fewer than four times this year, if at all.

  • Feb 8- Sarepta Therapeutics Inc said the U.S. Food and Drug Administration had delayed a decision on its lead drug for a rare muscle-wasting disorder. The FDA has delayed the decision to May 26 from late February, the company said. The agency in late January postponed a meeting of its advisory panel to review Sarepta's drug due to inclement weather forecast for...

  • China, a focus of much of the recent market concern, released foreign reserves data on Sunday which showed the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. The country's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed. Federal Reserve Chair...

  • DIARY-Top Economic Events to Feb 18 Friday, 5 Feb 2016 | 7:01 PM ET

    MONDAY, FEBRUARY 8 LOS ANGELES- Federal Deposit Insurance Corp Chair Martin Gruenberg speaks before the 2016 National Inter-agency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and the...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • Two compounds once used in nonstick cookware coatings, firefighting foam and other materials were detected in utilities serving about 69,000 people in the city of Fountain and an unincorporated community called Security-Widefield, the federal Environmental Protection Agency said. Officials at the communities' water districts said the chemicals would...

  • US consumer borrowing accelerated in December Friday, 5 Feb 2016 | 3:10 PM ET

    WASHINGTON— U.S. consumers in December increased their borrowing at the fastest pace in three months. Borrowing expanded $21.3 billion in December, the strongest showing since an increase of $28.6 billion in September, the Federal Reserve reported Friday. Borrowing in the category that covers auto and student loans jumped $15.4 billion in December, notably...

  • The news sent shares of J&J, whose annual Remicade sales of $6.5 billion are mostly in the United States, down more than 3 percent. FDA scientists released their favorable report ahead of a scheduled meeting on Tuesday of an independent medical advisory panel to the agency. "In considering the totality of the evidence, the data submitted by Celltrion show that is...