White House Government Agencies

  • SYDNEY, April 28- The yen remained subdued ahead of a policy decision by the Bank of Japan on Thursday, while the dollar nursed modest losses after the Federal Reserve stuck to its script of a gradual hike in interest rates. The dollar index slid to a near one-week low of 94.148 before drifting back to 94.387, ending the New York session with a small decline of 0.2...

  • WASHINGTON, April 27- Rising oil prices and a more stable Chinese economy allowed the Federal Reserve to shift its focus back to the home front on Wednesday, as it signaled that U.S. jobs and inflation data would determine whether it hiked interest rates in June. That is something Fed Chair Janet Yellen and other policymakers have been trying to do for months.

  • National Labor Relations Board on Tuesday filed an unfair labor practices complaint against Volkswagen AG for not bargaining with a portion of plant workers at its Tennessee plant represented by the United Auto Workers union. The plant in Chattanooga has about 1,500 hourly workers. Volkswagen was at one time welcoming to the UAW at Chattanooga.

  • *US stocks edge up after Fed statement. NEW YORK, April 27- Wall Street stocks edged up, U.S Treasury debt yields fell, and oil prices rose to the highest level of the year on Wednesday after the Federal Reserve signalled it was in no hurry to change policy. "The big takeaway here is they continued to be positive on the domestic economy," said John Bailer, senior portfolio...

  • *U.S. central bank says labor market improving. *Statement removes reference to global economic risks. WASHINGTON, April 27- The Federal Reserve left interest rates unchanged on Wednesday, but kept the door open to a hike in June while showing little sign it was in a hurry to tighten monetary policy amid an apparent slowdown in the U.S. economy.

  • NEW YORK, April 27- U.S. stocks ended slightly higher on Wednesday after fears eased that the Federal Reserve would strongly signal it would raise interest rates in June, though a slump in Apple shares weighed on the Nasdaq index.

  • *Brent up almost 75 pct from end of January. NEW YORK, April 27- Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. But prices retreated after the U.S. Energy Information Administration reported in the morning that crude stocks climbed 2...

  • *US stocks mixed after Fed statement. NEW YORK, April 27- Wall Street stocks were steady, U.S Treasury debt yields fell sharply, and oil prices rose to their highest level of the year on Wednesday after the Federal Reserve announced it would keep U.S. interest rates unchanged. Oil prices turned upward, with Brent crude, the international benchmark, up more than 3.0...

  • *Apple falls after revenue slips for first time in 13 years. April 27- U.S. stocks were little changed on Wednesday after fears eased that the Federal Reserve would strongly signal it would raise interest rates in June, though a slump in Apple shares weighed on the Nasdaq index. "The big takeaway here is they continued to be positive on the domestic economy," said John...

  • WASHINGTON, April 27- Invibio, a division of Victrex PLC that makes a key polymer used in spinal and other medical implants, agreed to settle allegations that it demanded exclusive contracts to illegally maintain its high market share, the Federal Trade Commission said on Wednesday. The FTC said Invibio, which makes polyetheretherketone, or PEEK, insisted on...

  • NEW YORK, April 27- Oil prices retreated from 2016 highs on Wednesday after U.S. crude inventories built to record highs, with the market remaining in positive territory on bets that an upcoming U.S. central bank policy statement will keep the dollar weak. U.S. crude inventories climbed 2 million barrels last week to an all-time peak of 540.6 million barrels, the...

  • *Apple, Twitter weigh on global tech stocks. NEW YORK, April 27- Disappointing results from Apple and Twitter hurt world technology stocks on Wednesday, while the U.S. dollar weakened ahead of a policy announcement by the Federal Reserve, pushing oil prices to 2016 highs. Wall Street was lower in early trading ahead of the Fed decision.

  • NEW YORK, April 27- U.S. The recent spate of disappointing data on domestic trade, manufacturing and housing, plus uncertainty about Britain's June 23 referendum on whether to leave the European Union, may keep the Fed from raising until late this year, analysts said. "There's no cover to go hawkish, but the communication with this Fed has been unpredictable so you...

  • WASHINGTON, April 27- Pfizer Inc has agreed to pay $784.6 million to resolve allegations that Wyeth, which it acquired in 2009, underpaid drug rebates to Medicaid, the federal health insurance program, the Justice Department said Wednesday. The settlement resolves claims by the U.S. and states that Wyeth knowingly reported false and fraudulent prices on two of...

  • WASHINGTON, April 27- A federal judge has ruled that Amazon.com was liable for billing parents for unauthorized charges that children made within apps, the Federal Trade Commission said on Wednesday. A judge on Tuesday granted the FTC's motion for summary judgment on liability but also granted Amazon's motion regarding injunctive relief.

  • April 27- Wall Street was set to open lower on Wednesday after Apple's first revenue decline in 13 years stirred investor concerns regarding the health of corporate earnings ahead of a policy decision by the Federal Reserve. Dow component Apple's shares were down 8 percent at $95.97 in premarket trading, while Twitter slumped 14.8 percent to $15.12 after its...

  • April 27- U.S. stock index futures were lower on Wednesday after Apple's first revenue decline in 13 years stirred investor concerns ahead of a policy decision by the Federal Reserve. *Apple shares were down 7.5 percent at $96.52 in premarket trading, while Twitter slumped 14.1 percent to $15.25 after its revenue missed expectations. *Economists polled by...

  • *Aussie plunges after surprisingly soft Australian CPI. SYDNEY/ TOKYO, April 27- The dollar remained subdued on Wednesday after a broad retreat overnight ahead of policy decisions by both the Federal Reserve and Bank of Japan, while the Australian dollar tumbled after data showed core inflation unexpectedly slowed to the lowest on record.

  • SYDNEY/ TOKYO, April 27- The Australian dollar tumbled on Wednesday after surprisingly soft local inflation data, while the dollar and yen were on the defensive after a broad retreat overnight ahead of policy decisions by both the Federal Reserve and Bank of Japan. The Australian dollar fell more than 1 percent to $0.7672 after data showed Australia's consumer...

  • *Australia CPI could provide a brief distraction for AUD. SYDNEY, April 26- The dollar and yen were on the defensive early on Wednesday, having suffered a broad retreat overnight as investors hunker down ahead of policy decisions by both the Federal Reserve and Bank of Japan. It was back flirting with $1.1300, pulling further away from a trough of $1.1216 set...