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White House Government Agencies

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  • March 25- Last year's unusually harsh U.S. winter probably had some transitory effects on economic activity, but the "folk wisdom" that it was primarily to blame for the slump in early 2014 is suspect, a pair of researchers at the Chicago Federal Reserve said on Wednesday. The theme of harsh weather holding back economic growth is back again this year, with many...

  • WASHINGTON, March 25- The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine. "For years, in a variety of ways, this foreign company facilitated trade with Iran and Sudan from Sugar Land, Texas," Justice Department...

  • NORTH CHARLESTON, S.C., March 25- Boeing Co faces a union authorization vote in South Carolina next month that pits the plane maker and anti-union Governor Nikki Haley against an organized labor movement that has been thwarted from expansion in the South. National Labor Relations Board scheduled the vote for April 22 after Boeing and the International...

  • Representatives for wheat, corn, and other farmers told a Capitol Hill forum that they will submit written comments to the FAA calling for final regulations to accommodate emerging drone technology for a range of agricultural applications. But proposed FAA rules would allow drones weighing less than 55 pounds at altitudes of no more than 500 feet, in daylight...

  • WASHINGTON, March 25- Comcast Corp has reassessed the timing of the regulatory review of its proposed merger with Time Warner Cable Inc and now expects its conclusion in the middle of this year, a company executive said in a blog post on Wednesday. The $45 billion deal is under review by the U.S. Justice Department and the Federal Communications Commission.

  • WASHINGTON, March 25- The U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives spent about $600,000 on six drones that had so many defects they were never used for video surveillance as planned, and were eventually ditched, the Justice Department's internal watchdog reported on Wednesday. The Office of the Inspector General said it was "troubled" that the ATF, a...

  • WASHINGTON, March 25- The U.S. Consumer Product Safety Commission said on Wednesday it was investigating Chinese-made laminates used by Lumber Liquidators Holdings Inc, after reports that the company's flooring products had too-high levels of formaldehyde. Commission Chairman Elliot Kaye said the regulator would test flooring products from Lumber...

  • WASHINGTON, March 25- The U.S. Consumer Product Safety Commission said on Wednesday it was investigating laminates used by Lumber Liquidators Holdings Inc, after reports that its products contained too-high levels of formaldehyde. Commission Chairman Elliot Kaye said the regulator would determine in the coming months whether the products were harmful to...

  • LONDON, March 25- Chicago Federal Reserve President Charles Evans said on Wednesday he was concerned the strong dollar's "clear disinflationary pressure" could get embedded in expectations. The dollar index hit a 12- year high earlier this month against a basket of major currencies but has retreated since the Fed downgraded its forecasts for growth,...

  • LONDON, March 25- Chicago Federal Reserve President Charles Evans said on Wednesday the dollar's recent appreciation would weigh on inflation by lowering import prices but that this would be short-lived. "To the extent that whatever movements in the dollar take place and then there's some level of stability, that change in import prices unwind," Evans, an...

  • March 25- Emergent BioSolutions Inc said the U.S. Food and Drug Administration approved its treatment for inhaled anthrax, triggering a $7 million milestone payment from the Department of Health and Human Services. Emergent Bio developed the treatment, Anthrasil, as part of a $160 million contract it signed in 2005 with the Biomedical Advanced Research and...

  • March 25- Emergent BioSolutions Inc said the U.S. Food and Drug Administration approved its treatment for inhaled anthrax, triggering a $7 million milestone payment from the U.S. Department of Health and Human Services. Emergent Bio developed the treatment, Anthrasil, as part of a $160 million contract it signed in 2005 with the Biomedical Advanced Research...

  • LONDON, March 25- Chicago Federal Reserve President Charles Evans said on Wednesday the only reason central bankers were considering negative interest rates was because of current events like the European Central Bank's quantitative easing programme. "Lets be honest, the only reason we are entertaining that is because of current events like the ECB...

  • FDA approves Emergent BioSolutions' anthrax treatment Wednesday, 25 Mar 2015 | 7:15 AM ET

    March 25- Emergent BioSolutions Inc said the U.S. Food and Drug Administration approved its treatment for inhaled anthrax, triggering a $7 million milestone payment from the U.S. Department of Health and Human Services.

  • LONDON, March 25- Federal Reserve policymakers should be "quite confident" that inflation is headed back to a healthy 2 percent before raising interest rates, the head of the Chicago Fed said on Wednesday, urging a delay in rate hikes until the first half of next year. "I see no compelling reason for us to be in a hurry to tighten financial conditions until then," Chicago...

  • SYDNEY/ SINGAPORE, March 25- The dollar hovered above a two-week low versus a basket of major currencies on Wednesday, pausing from the recent selloff sparked by doubts over how soon the Federal Reserve may start raising interest rates. "The price action is consistent with our expectation that longer-term oriented market participants will be keen to buy USD...

  • The agency, which oversees the Renewable Fuel Standard program, has asked for public comments before submitting a request to Office of Management and Budget regarding volume projections on cellulosic fuel production, according to a notice published on Tuesday in the Federal Register. That could "indicate some sort of delay" to RFS announcement, said Tim...

  • FDA to evaluate homeopathy regulatory framework Tuesday, 24 Mar 2015 | 2:31 PM ET

    March 24- The U.S. Food and Drug Administration said it would hold a public hearing seeking information and comment on the use of products labeled' homeopathic', as well as the agency's regulatory framework for such products. The FDA issued a warning earlier this month asking consumers not to rely on asthma products labeled homeopathic that are sold over the...

  • US Customs seizes $65K in fake 100-dollar bills Tuesday, 24 Mar 2015 | 2:11 PM ET
    Counterfeit money seized at JFK airport

    The counterfeit money was concealed in place mats and a shoe bag from Ecuador, U.S. Customs says.

  • "The agency expects the new policy will allow companies and individuals who want to use UAS within these limitations to start flying much more quickly than before," the FAA said in a release. An FAA official told Reuters it would eventually benefit companies still seeking aircraft approval including Yamaha Motor Co Ltd, AeroVironment Inc and General Atomics.