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White House Government Agencies

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  • 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.

  • WASHINGTON, March 24- E-commerce power Amazon.com blasted federal regulators on Tuesday for being slow to approve commercial drone testing, saying the United States is falling behind other countries in the potentially lucrative area of unmanned aviation technology. Less than a week after the Federal Aviation Administration gave Amazon.com the green...

  • WASHINGTON, March 24- U.S. aviation regulators on Tuesday unveiled a new policy to speed up approval for the use of commercial drones in the United States under certain conditions. The Federal Aviation Administration, in an expected move, said it would award "blanket" certification allowing companies exempt from a U.S. ban on commercial drones to begin using the...

  • NEW YORK, March 24- The U.S. dollar rebounded against the euro on Tuesday on persistent bullish sentiment toward the greenback tied to the divergence of monetary policy between the United States and Europe, but the impact of last week's Federal Reserve statement limited its gains. "The hangover from the Fed meeting certainly seems to be ongoing," said Dean...

  • WASHINGTON, March 24- U.S. consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, keeping the Federal Reserve on course to raise interest rates this year. "The disinflationary thrust that has gripped the U.S. economy for the better part of the past year...

  • LONDON, March 24- Federal Reserve policymaker James Bullard said on Tuesday that zero percent interest rates were no longing appropriate in the United States, and that a rate hike in the summer would still leave policy extremely accommodative. "Zero is no longer the appropriate interest rate for the U.S. economy," Bullard said during a panel session at London City...

  • *Gauge shows China factory activity skids to 11- month low. LONDON, March 24- The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure. San Francisco Federal Reserve Bank President John Williams said on...

  • *Aussie awaits China manufacturing PMI data for cues. TOKYO, March 24- The dollar dipped against the euro and yen on Tuesday, succumbing to downward pressure from lower U.S. debt yields as investors remained jittery after last week's surprisingly dovish Federal Reserve policy statement. The Fed mentioning the dollar can be traced back to Yellen, and we are now...