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White House Government Agencies

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  • HARTFORD, Conn.— The Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy, United Technologies Corp. said Friday. The government filed a complaint last October in federal court that Sikorsky and subsidiaries, Derco Aerospace and Sikorsky Support Services...

  • FDA approves Novartis's advanced skin cancer drug Friday, 24 Jul 2015 | 12:19 PM ET

    July 24- The U.S. Food and Drug Administration approved Novartis AG's oral pill to treat the most common form of advanced skin cancer.

  • Abbvie gets U.S. FDA approval for Hep C drug Friday, 24 Jul 2015 | 11:42 AM ET

    July 24- The U.S. Food and Drug Administration approved Abbvie Inc's treatment that targets the most common genotype, or genetic makeup, of hepatitis C virus. The drug, Technivie, was approved for the treatment of hepatitis C virus genotype 4 infections, the regulator said on Friday. The drug is approved for use in combination with the compound, ribavirin, for the...

  • July 24- Food companies would be required to label the amount of added sugar as a percentage of recommended daily calorie intake under a proposal on Friday by the U.S. Food and Drug Administration. Susan Mayne, director of the Center for Food Safety and Applied Nutrition at the FDA, said on a conference call with reporters that the agency hoped to partner with other...

  • July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

  • July 24- Companies would be required to label the amount of added sugar as a percent of recommended daily calorie intake under a proposal on Friday by the U.S. Food and Drug Administration. Last year, the agency proposed updating the Nutrition Facts label to include added sugars but it did not require companies to declare the amount of sugar as a percentage.

  • LONDON, July 24- Metal prices hit multi-year lows on Friday as weaker-than-expected data from China and the euro zone raised concerns about global growth, but the U.S. dollar rose on the prospects of a Federal Reserve interest rate hike. Copper fell to its lowest level since 2009 after a survey showed Chinese manufacturing contracted by the most in 15 months in...

  • *Gold prices fall for ninth out of 10 sessions. LONDON, July 24- Gold slid more than 1 percent on Friday to its lowest since early 2010 as fresh strength in the dollar prompted another wave of selling, putting the metal on course for its biggest weekly loss in nine months. Gold has been hurt this year by expectations that the Federal Reserve is on track to raise interest...

  • LONDON, July 24- Metal prices hit multi-year lows on Friday after weaker-than-expected data from China and the euro zone raised concerns about global growth, but the U.S. dollar rose as a Federal Reserve rate hike was still on the table. London copper fell to its lowest level since 2009 after a survey showed China's factory sector contracted by the most in 15...

  • WASHINGTON, July 23- AT&T Inc's proposed $48.5 billion purchase of DirecTV has cleared its final regulatory hurdle as the U.S. Federal Communications Commission voted on Thursday to approve the merger, according to people familiar with the votes. At least three of the five FCC commissioners have voted in favor of the deal with conditions, according to the...

  • MANILA, July 24- Gold held near its lowest level since March 2010 early on Friday and was set to end the week posting its deepest loss in nine months, pressured by predictions of further losses as the Federal Reserve moves closer to raising interest rates. *Bullion's rout deepened this week after sliding 3.3 percent on Monday, the most since September 2013, in a...

  • NEW YORK— Shares of Sunesis Pharmaceuticals plunged in aftermarket trading Thursday after the company said it will focus on trying to get its blood cancer drug Qinprezo on the market in Europe because regulators in the U.S. won't approve it based on available data. The Food and Drug Administration doesn't support a filing, Sunesis said. Sunesis shares fell...

  • July 23- Sunesis Pharmaceuticals Inc said the U.S. Food and Drug Administration called for more clinical evidence before considering approval for its cancer drug, sending the company's shares down 60 percent in after-market trading. Sunesis said it would work to complete its filing as fast as possible in Europe and refine its plan to gain approval in the...

  • July 23- Sunesis Pharmaceuticals Inc said the U.S. Food and Drug Administration did not support the filing of a regulatory application for its experimental cancer drug, sending the company's shares down 60 percent in after-market trading. The FDA asked the company for more clinical evidence to support its marketing application, Sunesis said.

  • July 23- The last time unemployment claims were this low, in 1973, the Federal Reserve chair was the last one to lose control of inflation: Arthur Burns. In Burns' defense he faced outrageous political pressure from Richard Nixon, not to mention the inflation and economic nightmare of the Arab oil embargo, but still it would be hard to blame Janet Yellen for feeling a...

  • WASHINGTON, July 23- The U.S. Small Business Administration said it reached the $18.75 billion cap for its main loan guarantee program on Thursday, forcing it to halt the funding of new loans with more than two months left in the fiscal year. U.S. Senate Small Business Committee Chairman David Vitter, a Republican, told SBA Administrator Maria Contreras-Sweet in a...

  • WASHINGTON, July 23- The U.S. Small Business Administration said it reached the $18.75 billion cap for its main loan guarantee program on Thursday, forcing it to halt the funding of new loans with more than two months to go in the current fiscal year. SBA spokesman Miguel Ayala said the capacity for fiscal 2015 was exceeded by stronger-than-anticipated demand...

  • Carnival settles US claims of disability discrimination Thursday, 23 Jul 2015 | 2:07 PM ET

    NEW YORK— The world's largest cruise provider and the Justice Department announced a settlement Thursday regarding access for people with disabilities on 62 ships in the Carnival, Holland America and Princess Cruises brands. Miami- based Carnival Corp. will pay a civil penalty of $55,000 to the government and $350,000 in damages to individuals harmed by...

  • DETROIT— The Federal Trade Commission is investigating General Motors because of dealers who advertised certified used cars for sale even though they still needed repairs under existing recalls. The agency notified GM of the probe on June 3, and it was disclosed by the company Thursday in a quarterly report to securities regulators. GM spokesman Alan Adler...

  • SB Saanen Bank AG will pay nearly $1.4 million and Privatbank Bellerive AG will pay $57,000, the U.S. Justice Department said. The United States is still conducting criminal investigations of other banks that were excluded from the Swiss bank program, including Julius Baer and HSBC's Swiss private bank. In June, Julius Baer said it would book a $350 million...