White House Government Agencies

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  • WASHINGTON, April 13- U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. For the Federal Reserve... it argues for continued caution, "said Millan Mulraine, deputy chief economist at TD Securities in New York. The Commerce Department...

  • National Labor Relations Board voted 2-1 to uphold a December election by a small group of workers at Volkswagen AG's Tennessee plant to join the United Auto Workers, the NLRB announced on Wednesday. The UAW will now see if it has additional leverage to press VW to agree to come to the negotiating table for the 160 skilled trades workers, members of UAW Local 42 in...

  • WASHINGTON, April 13- Federal Reserve Chair Janet Yellen said she favors a cautious approach to monetary policy because the U.S. central bank must try to avoid making "big mistakes," according to an interview published on Wednesday. "We necessarily operate in an environment in which there's a great deal of uncertainty," Yellen told Time magazine in what the...

  • WASHINGTON, April 13- U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. For the Federal Reserve... it argues for continued caution, "said Millan Mulraine, deputy chief economist at TD Securities in New York. The Commerce Department...

  • WASHINGTON, April 13- U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. For the Federal Reserve... it argues for continued caution, "said Millan Mulraine, deputy chief economist at TD Securities in New York. The Commerce Department...

  • The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from Bank of America, Bank of New York Mellon, J.P. "The FDIC and Federal Reserve are committed to carrying out the statutory mandate that systemically important financial institutions demonstrate a clear path to an orderly failure...

  • The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from Bank of America, Bank of New York Mellon, J.P. "The FDIC and Federal Reserve are committed to carrying out the statutory mandate that systemically important financial institutions demonstrate a clear path to an orderly failure...

  • SAN FRANCISCO, April 12- CME Group Inc said on Tuesday it has received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, allowing it to better safeguard cash deposited by its traders. CME, which operates one of the world's biggest derivatives clearinghouses and several exchanges including the Chicago Mercantile...

  • SAN FRANCISCO, April 12- CME Group Inc said on Tuesday it has received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, a privilege that in the past has largely been restricted to banks. Deposits in the account are limited to clearing member proprietary margins, CME said in an advisory. CME is working with the Chicago...

  • SAN FRANCISCO/ RUSTON, La., April 12- Federal Reserve Chair Janet Yellen has declared that the U.S. central bank's interest-rate decisions will depend on how the economy performs. "I would take the first-quarter real GDP estimates with a big grain of salt," the San Francisco Fed's chief of research, Glenn Rudebusch, told Reuters in an interview on Friday.

  • WASHINGTON, April 12- U.S regulators are preparing to notify some of the country's largest banks, including JPMorgan Chase& Co, that they have submitted flawed "living wills," the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Federal Deposit Insurance Corporation and the Federal Reserve, the two regulators reviewing the...

  • NEW YORK, April 12- The New York Federal Reserve will launch a weekly gauge of the U.S. economy at a time when investors are concerned about slowing overseas demand and wild swings across financial markets. The New York Fed is known for having an ear on Wall Street due to its role conducting daily market operations for the entire U.S. central bank system.

  • *Panel recommends FDA wait for results of ongoing study. *Drug unlikely to get FDA approval- analyst. The panel voted 12-1 against giving the drug an accelerated approval, and recommended the FDA wait for the results from an ongoing late-stage trial that compares the drug's effect to that of chemotherapy.

  • WASHINGTON, April 12- The heads of two regional Federal Reserve banks supported a rate hike ahead of the Fed's March meeting as an improving economy added to sentiment to tighten monetary policy. Kansas City Federal Reserve Bank president Esther George dissented, preferring to raise rates. Richmond Federal Reserve Bank president Jeffrey Lacker does not vote...

  • April 12- An independent panel of experts advising the U.S. Food and Drug Administration did not back the accelerated approval of Clovis Oncology Inc's lung cancer drug. The FDA is not obligated to follow the panel's recommendations, but it typically does so. On Friday, FDA scientists raised questions about whether rociletinib was superior to existing...

  • *USDA trims domestic soybean inventories. "It's a report with no new bullish news and it's a market that's mature here at the top," said Don Roose, president of Iowa- based broker U.S. Commodities. May soybeans at the Chicago Board of Trade were up 0.1 percent at $9.29 a bushel by 11:50 a.m. CDT after rising to a peak of $9.37-1/ 4, the highest for the most-active contract...

  • April 12- An independent panel of experts to the U.S. Food and Drug Administration on Tuesday asked Clovis Oncology Inc for more data on its lung cancer drug before making a final decision on the treatment. The drug, rociletinib, is designed to treat a subset of patients with advanced non-small cell lung cancer whose condition has worsened despite treatment.

  • LONDON, April 12- Gold rose to three-week highs on Tuesday as the dollar sank back to a near 8- month low, weighed down by expectations that the Federal Reserve will keep U.S. interest rates lower for longer. Spot gold touched a high of $1,262.60 an ounce before easing back to $1,258.46 an ounce by 1130 GMT, up 0.1 percent. Silver also broke above $16 an ounce for the...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Federal authorities are pushing the New York- based firm to plead guilty in what would be a rare move for a big financial...

  • LONDON, April 12- Gold rose to three-week highs on Tuesday as the dollar sank back to a near 8- month low, weighed down by expectations that the Federal Reserve will keep U.S. interest rates lower for longer. Spot gold was up 0.2 percent at $1,259.40 an ounce at 0930 GMT, having earlier touched a high of $1,262.60 an ounce. Silver also broke above $16 an ounce for the...