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White House Government Agencies

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  • Louis Fed President James Bullard told Bloomberg in an interview from Jackson Hole, Wyoming, where central bankers from around the world are converging for an annual meeting. But Loretta Mester, president of the Federal Reserve Bank of Cleveland, said the volatility has not changed her view that the U.S. economy was ready for a modest increase in interest rates.

  • WASHINGTON, Aug 28- U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year. The Commerce Department said on Friday consumer spending increased 0.3 percent after an upwardly revised 0.3 percent rise...

  • NLRB rules in favor of contract workers Friday, 28 Aug 2015 | 6:00 AM ET
    NLRB rules in favor of contract workers

    NLRB rules parent companies are responsible for contract and franchise workers.

  • TOKYO, Aug 28- Japanese fund managers marginally trimmed their holdings of stocks in August, as a slide in global risk assets markets prompted them to raise holdings of safe-haven bonds, a Reuters survey found on Friday. Federal Reserve could delay hiking interest rates, "said Soichiro Monji, chief strategist at Daiwa SB Investments. The MSCI World Index tumbled...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • The U.S. District court in North Dakota granted a preliminary injunction against the so-called Waters of the United States rule finalized by the Environmental Protection Agency and the U.S. Army Corps of Engineers in May. North Dakota and 12 other states filed a lawsuit against the federal government in June, charging that the rule constituted an improper...

  • WASHINGTON, Aug 27- The U.S. Food and Drug Administration on Thursday approved Amgen Inc's Repatha drug for patients with hereditary forms of high cholesterol and those at high risk of cardiovascular disease. Last month the FDA approved a similar drug from Regeneron Pharmaceuticals Inc and Sanofi SA. The drugs are expected to generate more than $2 billion a...

  • NEW YORK, Aug 27- Most U.S. Treasuries prices were modestly lower on Thursday, as a rally on Wall Street and a surprisingly large upward revision on U.S. economic growth in the second quarter revived some bets the Federal Reserve would raise rates by year-end. The Commerce Department said U.S. gross domestic product grew at a 3.7 percent annual pace in the quarter...

  • NEW YORK, Aug 27- The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent market...

  • "The FDA's job is to ensure tobacco products are not marketed in a way that leads consumers to believe cigarettes with descriptors like' additive-free' and' natural' pose fewer health risks than other cigarettes, unless the claims have been scientifically supported," Mitch Zeller, director of the FDA's tobacco products division, said in a statement.

  • Pennsylvania lighter maker to pay $186K for violations Thursday, 27 Aug 2015 | 2:44 PM ET

    BRADFORD, Pa.— Zippo, the Pennsylvania maker of iconic cigarette lighters best known for their distinctive metal cases, has agreed to pay $186,000 to settle allegations it violated federal hazardous waste laws. The U.S. Environmental Protection Agency said this week that Zippo Manufacturing Co.' s alleged violations included reporting and storage practices...

  • Aug 27- Companies can be held liable for labor violations committed by franchisees and contractors even when they have only indirect control over working conditions, the National Labor Relations Board ruled on Thursday in a closely-watched case that business groups say could harm successful business models. The board in a 3-2 decision that will likely be...

  • BEIJING, Aug 27- Concerns over a possible U.S. rate rise by the Federal Reserve may have sparked a global stock market rout rather than the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday. Yao's comments, which came on the same day that state media issued a number of commentaries defending China's policy...

  • FDA warns 3 tobacco product makers over labeling Thursday, 27 Aug 2015 | 1:25 PM ET

    This is the first time the FDA has pulled up companies for marketing tobacco products with "modest-risk" claims that are not backed by scientific evidence ratified by the health regulator. The Family Smoking Prevention and Tobacco Control Act of 2009 requires a company to get its modified risk tobacco product application approved by the FDA before claiming a...

  • Business events scheduled for the coming week Thursday, 27 Aug 2015 | 1:17 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Labor Department releases second-quarter productivity data, 8:30 a.m.; Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • LONDON, Aug 27- Copper and zinc scored the biggest one-day gains in over two years on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China. Equities rallied around the world on Thursday following comments by two Federal Reserve officials that prompted investors to push...

  • Feds: Land eyed for stadium must be sold for market value Thursday, 27 Aug 2015 | 11:54 AM ET

    PROVIDENCE, R.I.— Federal highway regulators have told state officials that if the Pawtucket Red Sox build a stadium on land that was supposed to be a park, the land will have to be sold at fair market value first, a requirement that could add millions to the bottom line. The state Department of Transportation wrote to the Federal Highway Administration at the...

  • FDA issues warning letters to "natural" tobacco makers Thursday, 27 Aug 2015 | 11:43 AM ET

    NEW YORK— The Food and Drug Administration issued warning letters to the makers of Winston, Natural Spirit and Nat Sherman cigarettes over their "additive-free" and "natural" label claims. The agency issued the warnings to ITG Brands LLC, Santa Fe Natural Tobacco Company Inc. and Sherman's 1400 Broadway N.Y.C. Ltd. The issue over the claims is that they may lead...

  • LONDON, Aug 27- Copper and other base metals jumped on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China. Equities rallied around the world on Thursday following comments by two Federal Reserve officials that prompted investors to push back forecasts for U.S. rate...

  • *Eyes on central banker meeting in Jackson Hole. NEW YORK, Aug 27- Stock markets around the world rallied on Thursday, helped by strong U.S. economic data and after a U.S. "The bounce in Wall Street and stabilization in Asia are causing the market to rally back," said Clairinvest fund manager Ion-Marc Valahu.