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White House Government Agencies

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  • NEW YORK, May 14- Increasing expectations the U.S. Federal Reserve will hold off raising interest rates until September at the earliest boosted Wall Street on Thursday and drove the dollar to near its lowest level since January. "People are pretty focused on the weak numbers for the U.S.," said David Gilmore, partner at Foreign Exchange Analytics in Essex,...

  • Ranbaxy filed "grossly inadequate" applications seeking approval for its drugs and deceived the FDA into granting approvals and giving the company market exclusivity, the class action lawsuit asserts. The FDA has banned import of drugs from all of Ranbaxy's India- based plants under a wider scrutiny of the country's $15 billion pharmaceutical industry,...

  • NEW YORK, May 14- The U.S. dollar held near its lowest since January against a currency basket on Thursday after downward U.S. producer price data challenged hopes for better U.S. economic growth and supported the view that the Federal Reserve would delay hiking interest rates. "People are pretty focused on the weak numbers for the U.S.," said David Gilmore, partner at...

  • U.S. producer prices resume downward trend in April Thursday, 14 May 2015 | 8:30 AM ET

    WASHINGTON, May 14- U.S. producer prices resumed their downward trend in April as the cost of energy fell and a strong dollar kept underlying inflation pressures benign, supporting views that the Federal Reserve will only raise interest rates later in the year. The Labor Department said on Thursday its producer price index for final demand fell 0.4 percent last...

  • *Dollar index hovers near previous day's 3- month low. SINGAPORE/ SYDNEY, May 14- The dollar languished near a three-month low against a basket of major currencies on Thursday after surprisingly soft retail sales prompted some investors to wonder if the Federal Reserve can afford to hike interest rates at all this year. "For me, the retail sales data came as quite a...

  • SYDNEY/ TOKYO, May 14- The U.S. dollar huddled near three-month lows on Thursday after poor retail data proved a huge disappointment to those expecting a strong American economic rebound from a weather-weakened first quarter. Investors reacted by pushing back the likely lift-off date for a rate hike by the Federal Reserve, giving gold a steer to five-week highs...

  • SINGAPORE, May 14- Gold hovered near a five-week high on Thursday, supported by overnight gains from sluggish U.S. retail sales data that triggered speculation the Federal Reserve will not hike interest rates soon. *Spot gold ticked 0.2 percent lower to $1,212.96 an ounce by 0033 GMT, but remains near a five-week high of $1,218.80 reached on Wednesday.

  • FOREX-Dollar recoils as retail sales sting, kiwi soars Wednesday, 13 May 2015 | 7:31 PM ET

    SYDNEY, May 14- The dollar languished at three-month lows against a basket of major currencies early on Thursday after surprisingly soft retail sales prompted investors to wonder if the Federal Reserve can afford to hike interest rates at all this year. Against the yen, the greenback slid to a two-week trough of 119.03, while the euro came within a whisker of a...

  • AT&T, trade groups ask court to block FCC Internet rule Wednesday, 13 May 2015 | 1:36 PM ET

    WASHINGTON, May 13- AT&T Inc and telecommunications trade groups on Wednesday asked a federal appeals court to block U.S. Federal Communications Commission Internet traffic regulations while litigation continues. In a joint filing in the U.S. Court of Appeals for the District of Columbia Circuit, AT&T, the United States Telecom Association and others said a...

  • *Euro hits over $1.13 against dollar. NEW YORK, May 13- The U.S. dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected U.S. retail sales data for April supported expectations that the Federal Reserve would wait until later to hike rates. "So much for the cold-weather snapback," said Richard Franulovich,...

  • US STOCKS-Wall St opens higher after two days of losses Wednesday, 13 May 2015 | 10:23 AM ET

    *Macy's, Ralph Lauren down after results. May 13- U.S. stocks opened higher on Wednesday as data suggested that the economy was not rebounding strongly enough for the Federal Reserve to raise interest rates before September. "The data puts into question the Fed's notion that the weak first-quarter data was transitory," said Adam Sarhan, chief executive of Sarhan...

  • U.S. import prices fall for 10th straight month Wednesday, 13 May 2015 | 8:31 AM ET

    WASHINGTON, May 13- U.S. import prices fell for a 10th straight month in April, likely reflecting the impact of a strong dollar, a sign of benign inflation pressures that could encourage the Federal Reserve to delay raising interest rates. The Labor Department said on Wednesday import prices fell 0.3 percent last month after slipping 0.2 percent in March.

  • LONDON, May 13- Gold rose on Wednesday as the dollar weakened ahead of U.S. employment data and investors pushed back expectations of when the Federal Reserve will start raising interest rates. Spot gold rose 0.3 percent to $1,196.71 an ounce by 1149 GMT, after touching its highest in one week at $1,198.10. But it has remained in a narrow $20 range below $1,200 so far...

  • LONDON, May 13- Gold steadied on Wednesday as the dollar weakened and investors pushed back expectations of when the Federal Reserve will start raising interest rates, but strong European shares curbed gains. Spot gold rose 0.1 percent to $1,193.40 an ounce by 0959 GMT, within reach of Tuesday's one-week high of $1,196.60. But it has remained in a narrow $20 range...

  • WASHINGTON, May 12- In unusual remarks for a moderate Republican who may run for president, New Jersey Governor Chris Christie said on Tuesday the Federal Reserve deserved part of the blame for a widening gulf between the rich and the poor. Though Christie has not formally launched a White House campaign, his remarks revealed the basis of his economic plan should...

  • *Nebraska becomes 16th U.S. state affected by avian flu. May 12- The fast-spreading avian flu virus was confirmed for the first time in Nebraska, at a commercial egg-laying farm that housed a flock of 1.7 million chickens, the U.S. Department of Agriculture said on Tuesday. "Unfortunately, Nebraska has joined a long list of states currently dealing with highly...

  • WASHINGTON, May 12- The Federal Reserve investigated how it could keep a massive short term lending market from freezing up if America defaulted on its debt, according to a person familiar with planning that was done by the New York Fed. The person, who asked not to be identified, told Reuters on Tuesday that officials researched whether they could lend support to...

  • *AOL jumps to 15- month high on Verizon's $4.4 bln offer. May 12- U.S. stocks ended lower on Tuesday after a recent run-up in global bond yields unsettled investors already concerned about an eventual Federal Reserve interest rate hike. "In the short term, the market is a hostage to interest rates, said Jim Awad, managing director at Plimsoll Mark Capital."

  • H5N2 AVIAN INFLUENZA CONFIRMED ON NEBRASKA EGG-LAYING FARM, 1.7 MILLON BIRDS AFFECTED- USDA.

  • Senate Banking Committee chairman Richard Shelby of Alabama published long-awaited details of the Financial Regulatory Improvement Act of 2015, listing proposals that would lighten compliance burdens for small financial firms and enforce more transparency at the central bank and the financial stability council. But the committee's top Democrat,...