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White House Government Agencies

  • Jan 9- The U.S. Food and Drug Administration said on Monday it has approved Egalet Corp's long-acting opioid painkiller, Arymo ER. FDA in August voted 18-1 in favor of approval and recommended the drug be labeled as an abuse-deterrent product by the intravenous, nasal and oral routes of abuse. http://bit.ly/2jv97Ld. Lawmakers across the United States are...

  • ATLANTA, Jan 9- Recovery from the economic crisis is "largely done," and officials should now turn to addressing longer-term issues like how to boost productivity, Atlanta Federal Reserve bank president Dennis Lockhart said on Monday. The Federal Reserve is quite close to achieving its mandated policy objectives of full employment and stable prices, "Lockhart...

  • WASHINGTON, Jan 9- Quincy Bioscience LLC, which makes the memory supplement Prevagen, was hit with a lawsuit on Monday filed by the Federal Trade Commission and New York attorney general's office, which alleged that there is no proof the supplement works. The medicine, which costs $24 to $68 for 30 pills, is advertised on cable and broadcast television, according to...

  • FOOD AND DRUG ADMINISTRATION RELEASES SAFETY COMMUNICATION ON ABBOTT'S ST JUDE MEDICAL DEVICES.

  • Jan 9- The U.S. Federal Deposit Insurance Corporation sued Bank of America Corp over $542 million in deposit insurance which it says the second-largest U.S. bank "refuses to pay," according to a complaint filed Monday in a U.S. district court.

  • WASHINGTON, Jan 9- The U.S. Supreme Court on Monday declined to hear a bid by banks to avoid a Federal Deposit Insurance Corp lawsuit over the 2009 collapse of Alabama's Colonial BancGroup Inc.. The justices left in place a May 2016 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that found that the FDIC did not wait too long to sue Credit Suisse Group AG,...

  • Carter says US may shoot down North Korean missile test

    Defense Secretary Ash Carter says North Korea's nuclear weapons capabilities constitute a 'serious threat' to the U.S.

  • LONDON, Jan 9- The Turkish lira hit record lows against the dollar on Monday as expectations of faster tightening by the U.S. Federal Reserve added to domestic economic and political pressures/. "The lira has always been one of the most exposed EM currencies to any sign that monetary policy in the U.S. will tighten because of its large external financing...

  • *Expected to be brought before court in Detroit on Monday- NYT. Jan 9- The Federal Bureau of Investigation has arrested a Volkswagen AG executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday. "Volkswagen continues to cooperate with the Department of Justice as we work to resolve remaining matters in the United States.

  • *Spot gold was steady at $1,173.06 an ounce by 0047 GMT. *Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. *The outlook for U.S. rates may become a little clearer when Federal Reserve Chair...

  • CHICAGO- Federal Reserve Bank of Chicago President Charles Evans speaks on economic outlook before the CFA Society Chicago- 1800 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks before the Connecticut Business& Industry Association annual Economic Summit and Outlook- 1400 GMT. FRANKFURT- ECB Governing Council...

  • Israeli soldiers prepare their Tanks in a deployment area on July 24, 2014 on Israel's border with the Gaza Strip.

    A truck rammed into a crowd of soldiers on a popular promenade in Jerusalem Sunday, killing at least four and wounding 15, NBC News reports.

  • CHICAGO, Jan 7- A push by Washington for more business-friendly regulation and fiscal support for the economy could improve America's mix of policies which in recent years have relied too much on the Federal Reserve, Fed Governor Jerome Powell said. "We may be moving more to a more balanced policy with what sounds like more business-friendly regulation and...

  • Owner of the New York Observer Jared Kushner attends the New York Premiere of 'The Hunting Party' at the Paris Theater on August 22, 2007 in New York City.

    With Jared Kushner laying the groundwork for a White House role, his business dealings are under scrutiny, The NY Times reports.

  • CHICAGO, Jan 7- Low interest rates have helped the Federal Reserve get close to meeting its goals for employment and inflation and have yet to create financial instability, Federal Reserve Governor Jerome Powell said on Saturday. "Low rates can lead to excessive leverage and broadly unsustainable asset prices- things that we watch carefully for and do not...

  • CHICAGO- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a panel discussion on "Ending too-big-to fail" at the American Economic Association conference- 1615 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans speaks on economic outlook before the CFA Society Chicago- 1800 GMT. HARTFORD, United States- Federal...

  • CHICAGO, Jan 6- Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. "I still think two is not an unreasonable expectation," Evans told reporters in Chicago, adding that if the economic data...

  • CAPE CANAVERAL, Fla., Jan 6- Elon Musk's SpaceX rocket company has been cleared to resume flying following a launch pad explosion four months ago, the U.S. Federal Aviation Administration said on Friday. Liftoff from Vandenberg Air Force Base in California is targeted for around 10:22 a.m. PST/ 1:22 p.m. EST. The FAA, which oversees commercial U.S. space launches,...

  • WASHINGTON, Jan 6- U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose by 156,000 jobs last month, the Labor Department said on Friday.