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White House Government Agencies

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  • *Rosengren, Lockhart lean toward waiting on rate hikes. SAN FRANCISCO, April 16- Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year. On Thursday, Vice Chair...

  • Fed's Fischer sees first U.S. rate hike this year Thursday, 16 Apr 2015 | 4:28 PM ET

    WASHINGTON, April 16- The U.S. economy will probably strengthen enough for the Federal Reserve to raise interest rates this year, Fed Vice Chair Stanley Fischer said on Thursday.

  • Atlanta Federal Reserve Bank President Dennis Lockhart, whose comments were closely-watched since he is a voting member of the Fed's rate-setting committee this year, said the Fed's interest rate plans were being complicated by factors including a "murky" run of first-quarter data. Comments from Cleveland Fed President Loretta Mester and Boston Fed...

  • West Palm Beach, Fla., April 16- Atlanta Federal Reserve Bank president Dennis Lockhart said on Thursday the recent "murky" run of U.S. data has him leaning against a June interest rate hike, but added he is confident the economy will remain on track. "I would lean to a little later versus a little earlier," said Lockhart, saying that a below-par March U.S. employment report...

  • LONDON, April 16- The U.S. Federal Reserve should wait longer before it starts to raise interest rates and then be ready to increase them more quickly than if it started to tighten policy soon, a top Fed official said on Thursday. "I have some sympathy for waiting longer and then tightening more quickly if that becomes necessary," Eric Rosengren, president of the...

  • WEST PALM BEACH, April 16- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday that he favored a rate hike later in the year rather than in June, given the cloudy data from the first few months of 2015.. "I would lean to a little later versus a little earlier," Lockhart said, referring to the weak U.S. employment report for March and other factors that...

  • The copied 20 mg version of the blockbuster drug, submitted by Sandoz, a unit of Swiss drugmaker Novartis AG, can be labeled "substitutable" for Copaxone, meaning that prescriptions for the brand-name drug can be automatically switched to the generic. The generic drug, called Glatopa, was developed collaboratively by Novartis and Momenta Pharmaceuticals Inc...

  • WEST PALM BEACH, Fla., April 16- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday he does not think the U.S. central bank needs to wait until all aspects of labor market slack are absorbed before beginning to raise interest rates. "There are people who have dropped out. I would like to see that absorbed, "Lockhart said following a speech to a...

  • West Palm Beach, Fla., April 16- A "murky" run of first-quarter data highlighted by a weak March employment report and an oil-driven downturn in investment is masking the U.S. economy's underlying strength and complicating the Fed's interest rate plans, Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday. The Fed's decision on when to raise...

  • West Palm Beach, Fla., April 16- A "murky" run of first-quarter data highlighted by a weak March employment report and an oil-driven downturn in investment is masking the U.S. economy's underlying strength and complicating the Fed's interest rate plans, Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday. The Fed's decision on when to raise...

  • April 16- Momenta Pharmaceuticals Inc said the U.S. Food and Drug Administration approved the first generic version of Teva Pharmaceuticals Industries Ltd's top-selling multiple sclerosis drug, Copaxone. The agency cleared the application for the 20 mg version of the blockbuster drug, submitted by Momenta's partner Sandoz, a unit of Swiss drugmaker...

  • NEW YORK, April 16- U.S. Treasury yields rose on Thursday, reversing earlier bond strength, after a manufacturing survey showed economic improvement and as Federal Reserve Vice Chairman Stanley Fischer cited rising inflation and wage pressures. "The minute bond prices moved up, people started selling again," said interest rate strategist Jim Vogel of FTN...

  • LONDON, April 16- Gold slid below $1,200 an ounce on Thursday as the dollar pared losses after upbeat U.S. factory data and demand for physical metal stayed weak, though uncertainty over the timing of a Federal Reserve rate increase underpinned prices. Spot gold was down 0.5 percent at $1,194.95 an ounce by 1434 GMT, off an early high of $1,209.10, while U.S. gold for...

  • Ex-Fed chair Bernanke joins hedge fund Citadel as advisor Thursday, 16 Apr 2015 | 10:59 AM ET

    BOSTON, April 16- Ben Bernanke, the former Federal Reserve chairman and one of the world's most closely watched economic thinkers, is joining one of the most successful hedge funds as an advisor, Citadel LLC said in a statement on Thursday. Last month former Federal Reserve Board governor Jeremy Stein joined BlueMountain as an advisor and Bernanke's...

  • NEW YORK, April 16- The U.S. dollar hit its lowest level against the euro in a week on Thursday after traders concluded that recent weakness in U.S. economic data could delay the first Federal Reserve rate hike. A Fed hike is expected to boost the dollar by driving investment flows into the United States. "This is more dollar weakness, driven by the market coming around...

  • LONDON, April 16- Gold rose for a second day on Thursday as soft U.S. housing and jobless reports weighed on the dollar, with a run of downbeat data adding to uncertainty over the timing of a rate rise from the Federal Reserve. Spot gold was up 0.3 percent to $1,205.21 an ounce by 1244 GMT, while U.S. gold for June delivery rose $3.90 to $1,205.20 an ounce.

  • UPDATE 1-Bernanke to advise hedge fund Citadel - NYT Thursday, 16 Apr 2015 | 3:38 AM ET

    Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday. Bernanke's predecessor, Alan Greenspan, joined hedge fund Paulson& Co as adviser in 2008. Jeremy Stein, a Federal Reserve Board governor for two years, joined hedge...

  • April 15- Texas- based Internet provider Alamo Broadband Inc filed a lawsuit on Wednesday asking the federal appeals court based in New Orleans to block new web traffic regulations from the Federal Communications Commission.

  • April 15- U.S. health regulators on Wednesday approved Amgen Inc's Corlanor to treat patients with chronic heart failure, giving the world's largest biotechnology company its first cardiovascular product. RBC Capital Markets analyst Michael Yee said that long term Corlanor could become a $500 million a year drug for Amgen. Amgen shares rose 1.3 percent in...

  • April 15- The Medicines Co's intravenous blood clot preventer can be used in angioplasty procedures, an independent advisory panel to the U.S. Food and Drug Administration said on Wednesday. The recommendation follows a review published by FDA staff on Monday, which supported the approval of the drug. Cangrelor, which won European approval in March, was...