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White House Government Agencies

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  • COLUMN-Fed 'put' no cause for relief: James Saft Tuesday, 25 Aug 2015 | 3:00 PM ET

    Aug 25- Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Unsurprisingly the CBOE Volatility Index, which measures how sharply investors expect stocks to move, surged by as much as 90 percent to more than 50, its highest since January 2009. "There is a growing chorus that the Fed needs to bail...

  • The Silverton Board of Trustees and the San Juan County Commission approved a joint resolution Monday to seek the money. The U.S. Environmental Protection Agency had pushed for 25 years to grant Superfund status to the Gold King mine and other idled 19th century mines leaking heavy metals above Silverton. Local authorities spurned federal intervention,...

  • WASHINGTON, Aug 25- Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. Ahead of the Fed's July 28-29 policy-setting meeting, directors of the Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed...

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- U.S. consumer confidence hit a seven-month high in August and new single-family home sales rebounded in July, suggesting underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. They are so close, they need just a little more confirmation, "said...

  • CFTC to meet with Alcoa on LME warehouse reform Tuesday, 25 Aug 2015 | 1:13 PM ET

    NEW YORK, Aug 25- The chairman of the U.S. commodities regulator and aluminum producer Alcoa Inc will meet this week to discuss metals warehousing reform, a spokesman for the agency said on Tuesday. The meeting between U.S. Commodity Futures Trading Commission chairman Timothy Massad and a representative from Alcoa will take place on Wednesday afternoon.

  • NEW YORK— About 55,000 LED tube lights are being recalled because they can overheat, melt and possibly burn someone. The U.S. Consumer Product Safety Commission said Tuesday that Osram Sylvania, the maker of the light, received 34 reports from customers that the lights had overheated or melted down. They were sold between December 2014 and May 2015.

  • Just Mayo maker warned by FDA that 'mayo' needs eggs Tuesday, 25 Aug 2015 | 12:26 PM ET

    The FDA notes that mayonnaise must contain eggs, according to its standard of identity— and that Just Mayo does not. Hampton Creek CEO Josh Tetrick said Tuesday he had a "really good conversation" with the agency earlier in the day and that he believes it is open to "sitting down and seeing if there's common ground." The letter comes after Hampton Creek was sued last...

  • About 4,400 lawn mowers recalled due to gas tank leak Tuesday, 25 Aug 2015 | 11:04 AM ET

    NEW YORK— About 4,400 ride-on lawn mowers are being recalled because the gas tank can leak and cause a fire. The U.S. Consumer Product Safety Commission said Tuesday that Scag Power Equipment, the maker of the lawn mowers, received five reports from customers of a gas tank leak. Scag is a unit of Metalcraft of Mayville Inc., a metal manufacturing company in Maryville,...

  • NEW YORK, Aug 25- Ray Dalio, the founder of Bridgewater Associates, the world's largest hedge fund, said the firm believes the next big move by the U.S. "The ability of central banks to ease is limited, at a time when the risks are more on the downside than the upside and most people have a dangerous long bias," said Dalio, who helps manage $162 billion at Bridgewater.

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- New U.S. single-family home sales rebounded in July and consumer confidence increased to a seven-month high in August, pointing to underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. New home sales increased 5.4 percent to a seasonally...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • BERKELEY, Calif., Aug 24- A top U.S. central banker appears to have cooled to the idea of an interest rate hike next month, saying on Monday only that the Federal Reserve will likely begin raising rates "sometime this year." Just two weeks ago, Atlanta Fed President Dennis Lockhart told reporters he was "very disposed" to a rate hike in September. Amid an ongoing U.S. stock...

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • Fed Up group plans counter Jackson Hole conference Monday, 24 Aug 2015 | 4:28 PM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen may be skipping this year's annual gathering of central bank policymakers in Wyoming, but a group of demonstrators will be making their second appearance at the elite gathering. The Fed Up coalition, made up of community activist groups, has rented a conference room in the same hotel where the Kansas City Federal...

  • WASHINGTON, Aug 24- Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama's spending policies for the market contagion from China's stock-market plunge. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with...

  • *Wyndham hackings caused $10.6 mln in fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. The FTC wants to hold Wyndham accountable for three...

  • Aug 24- Target Corp has agreed to pay $2.8 million to settle a U.S. Equal Employment Opportunity Commission charge that it used hiring tests that disproportionately screened out candidates for various professional positions based on race and gender. The EEOC on Monday said three "employment assessments," which Target no longer uses, were not sufficiently...

  • *Wyndham hackings caused $10.6 mln fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. Noting the FTC's broad authority under a 1914 law to protect...

  • MINNEAPOLIS— Target Corp. has agreed to pay $2.8 million to settle a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission, the federal agency announced Monday. Three employment assessments formerly used by the Minneapolis- based retailer disproportionately screened out applicants for professional positions based on...