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White House Government Agencies

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  • Institutional investors shifted focus from Europe's massive bond-buying program that drove a rally in Treasuries to next week's meeting of Federal Reserve policymakers, who may move closer to ending an era of near-zero U.S. interest rates. "The market's consolidating," said Kim Rupert, managing director of global fixed income at Action Economics in San...

  • Lew to Congress: Temporary funding steps taken Friday, 13 Mar 2015 | 2:50 PM ET
    U.S. Treasury Secretary Jack Lew

    The U.S. Treasury has stopped issuing state and local government bonds ahead of the looming breach of the debt limit.

  • WASHINGTON, March 13- As the Senate Banking committee pushes ahead with its agenda, one target emerging on both sides of the political aisle is the New York Federal Reserve Bank and its role in the financial industry. The New York Fed has come under increased pressure from lawmakers who say the bank is too cozy with Wall Street, a charge that gained attention from...

  • US DOE proposes buying up to 5M barrels of oil Friday, 13 Mar 2015 | 2:45 PM ET
    A technician inspects a gauge on a meter station at the Strategic Petroleum Reserve's Bryan Mound site near Freeport, Texas.

    The DOE proposed to buy up to five million barrels of oil for the Strategic Petroleum Reserve, a federal web site showed.

  • New York Fed in crosshairs of Senate Banking committee Friday, 13 Mar 2015 | 11:59 AM ET

    WASHINGTON, March 12- The Senate Banking Committee is zeroing in on the New York Federal Reserve Bank in its reform effort aimed at the U.S. central bank. The Alabama Republican has expressed interest in a plan by the outgoing Dallas Fed president that includes stripping the New York Fed of its permanent vote on policy and transferring Wall Street oversight from...

  • LONDON, March 13- Gold reversed early gains on Friday and headed for a 10th straight session of losses, its longest losing streak in more than 40 years, as the dollar extended its rally. Gold has taken a beating since a stronger-than-expected U.S. jobs report last week stoked speculation the Federal Reserve would raise interest rates soon. "Gold is holding just...

  • NEW YORK, March 13- The dollar continued to power higher on Friday, pressuring stocks and commodities, on expectations of a Federal Reserve interest rate hike in contrast to easing monetary policy actions by most other major central banks. "As keeps falling there are bigger concerns that we could see problems with respect to capital expenditures and employment...

  • Institutional investors shifted focus from Europe's massive bond buying program that drove a rally in Treasuries to next week's meeting of Federal Reserve policymakers, who may move closer to ending an era of near-zero U.S. interest rates. "The market's consolidating," said Kim Rupert, managing director of global fixed income at Action Economics in San...

  • The investor, who is short on Herbalife's shares, said he could not be certain if these people had made false statements to regulators about the company's business model. Ackman has been betting against Herbalife's shares since 2012, claiming the company is a pyramid scheme- where new investors unwittingly fund the profits of older investors.

  • WASHINGTON, March 13- U.S. producer prices unexpectedly fell in February on weak profit margins for trade services, pointing to tame inflation that could argue against an anticipated June interest rate hike from the Federal Reserve. The Labor Department said on Friday its producer price index for final demand fell 0.5 percent after dropping 0.8 percent in...

  • March 13- Billionaire investor William Ackman said he had not been contacted by federal agencies investigating possible manipulation of Herbalife Inc's stock. Federal prosecutors and the Federal Bureau of Investigation have interviewed people hired by Ackman for an investigation on whether they made false statements about Herbalife's business model...

  • U.S. producer prices fall on weak trade margins Friday, 13 Mar 2015 | 8:30 AM ET

    WASHINGTON, March 13- U.S. producer prices unexpectedly fell in February on weak trade margins, pointing to muted inflation pressures that could argue against an anticipated June interest rate hike from the Federal Reserve. The Labor Department said on Friday its producer price index for final demand fell 0.5 percent after dropping 0.8 percent in January.

  • WASHINGTON, March 12- The U.S. Justice Department has come out broadly against a series of proposals from a federal panel that would cut prison time for white-collar criminals. Attorney for the Eastern District of California, said at the hearing. The Justice Department also objected to a proposal to shift the emphasis in calculating sentences for stock fraud...

  • OTTAWA, March 12- Do not count on the Bank of Canada to match possible interest rate hikes by the U.S. Economist Rhys Mendes told the House of Commons finance committee the Bank of Canada would view a Fed rate hike as a sign the U.S. economy is strengthening, which would be good for Canada. The bank targets inflation in Canada and decisions regarding monetary policy in...

  • FEDERAL RESERVE TO RAISE FED FUNDS RATE IN JUNE, BUT ECONOMISTS NEARLY EVENLY SPLIT IN CLOSE CALL.

  • FRANKFURT/ MADRID, March 12- European banks operating in the United States face an expensive challenge to meet tough standards set by regulators after both Santander and Deutsche Bank flunked a healthcheck and were told to improve systems and controls. Spain's Santander failed the Federal Reserve's "stress test" for the second consecutive year and Deutsche...

  • UPDATE 1-FDA says panel to discuss "superbug" spread Thursday, 12 Mar 2015 | 10:46 AM ET

    The gastroenterology and urology devices panel would meet on May 14-15, FDA said on Thursday. A top FDA official said earlier this month that manufacturers' tests of procedures to clean medical scopes linked with "superbug" outbreaks contained flaws that render their cleaning instructions unreliable. Olympus Corp, Fujifilm Holdings Corp and Pentax Medical...

  • FDA says panel to discuss "superbug" spread Thursday, 12 Mar 2015 | 10:07 AM ET

    March 12- The U.S. Food and Drug Administration said an advisory panel will discuss the transmission of "superbug" infections through certain procedures in U.S. hospitals. The regulator said the gastroenterology and urology devices panel would meet on May 14-15. The planned meeting comes after reports that manufacturers' tests of procedures to clean medical...

  • Federal Reserve raises interest rates the Bank of Canada would not necessarily be pressured to follow suit, one of the Canadian central bank's economists said on Thursday. Economist Rhys Mendes told the House of Commons finance committee that the Bank of Canada would view a Fed rate hike as a sign the U.S. economy is strengthening, which would be good for Canada.

  • *Wall St coming off extended decline. *Citigroup up in premarket after Fed review. NEW YORK, March 12- U.S. stock index futures pointed to a modestly higher open on Thursday as a surprise drop in retail sales pointed to a consumer that continued to struggle, but also eased some concern about how soon the Federal Reserve may raise interest rates.