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  • FDA study finds little evidence of antibiotics in milk Thursday, 5 Mar 2015 | 2:08 PM ET

    WASHINGTON— In an encouraging development for consumers worried about antibiotics in their milk, a new Food and Drug Administration study showed little evidence of drug contamination after surveying almost 2,000 dairy farms. So the FDA study focused on those farms with previous violations, with about half of the samples coming from them and half from a...

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • *Bottom pickers support prices up already on Libya, Iraq worries. *Washington presses ahead with nuclear deal for Iran. Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before the New York session.

  • The FDA confirmed that Olympus Corp. did not seek FDA clearance for the latest version of its specialized endoscope, which it began selling in 2010. FDA clearance is required for all substantive updates to medical device sold in the U.S. Despite the lack of clearance, the FDA said doctors should continue using the device because it's not clear that federal...

  • WASHINGTON, March 5- Cyber attacks on U.S. weapons programs and manufacturers are a "pervasive" problem that requires greater attention, the top U.S. arms buyer said Thursday, saying that he would add cybersecurity to the Pentagon's guidelines for buying weapons. Kendall said he planned to add cybersecurity to the next phase of his "better buying power" initiative,...

  • US factory orders slip 0.2 percent Thursday, 5 Mar 2015 | 10:45 AM ET

    Orders to factories edged down 0.2 percent in January following declines of 3.5 percent in December and 1.7 percent in November, the Commerce Department said Thursday. U.S. manufacturers have been held back in recent months by weak growth in China, Europe and Japan, which also depressed demand for American exports. The Institute for Supply Management reported...

  • WASHINGTON— US factory orders slip 0.2 percent in January but key investment category shows gain.

  • DENVER— Ten sheriffs from three different states sued Colorado Thursday for legalizing marijuana. The sheriffs from Colorado, Kansas and Nebraska say that Colorado's 2012 marijuana legalization vote violates federal law and shouldn't be permitted. Separately, Nebraska and Oklahoma have appealed to the U.S. Supreme Court to strike down marijuana...

  • WASHINGTON— Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013. Mortgage giant Freddie Mac said Thursday that the national average for a 30- year, fixed-rate mortgage fell to 3.75 percent from 3.80 percent last week. Fed Chair Janet Yellen delivered the central bank's semiannual...

  • US productivity falls at faster pace, labor costs rise Thursday, 5 Mar 2015 | 8:59 AM ET

    WASHINGTON— U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate. Productivity declined at an annual rate of 2.2 percent in the fourth quarter, weaker than the 1.8 percent drop that was estimated a month ago, the Labor Department said Thursday. Labor costs rose at a 4.1 percent rate,...

  • WASHINGTON— The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring. Weekly applications rose 7,000 to a seasonally adjusted 320,000, the Labor Department said Thursday. Kentucky said applications for unemployment benefits in that...

  • WASHINGTON— US productivity falls at 2.2 percent annual rate in fourth quarter, weaker than first estimate.

  • Fed shifts regulatory power away from New York -WSJ Thursday, 5 Mar 2015 | 8:17 AM ET

    WASHINGTON, March 5- The regulatory power of the Federal Reserve Bank of New York has shifted to a committee in Washington established in a previously undisclosed paper written in 2010, the Wall Street Journal reported on Thursday. The change, which the newspaper said had been enacted slowly during the past five years, moves the center of banking oversight to...

  • *Results of the Dodd-Frank Act stress tests, at 4:30 p.m. EST. *Aggregate Reserves of Depository Institutions and the Monetary Base, at 4:30 p.m. EST. *Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks, at 4:30 p.m. EST.

  • ADVISORY-U.S. economic data on Thursday likely delayed Thursday, 5 Mar 2015 | 7:30 AM ET

    Due to the closure of U.S. federal government agencies in Washington on Thursday because of snow, weekly data on unemployment insurance claims and revised data on fourth quarter business productivity due at 8:30 a.m. will likely be delayed. A report on U.S. factory orders in January scheduled for release at 10 a.m. will also likely be delayed.

  • Ahead of the Bell: US productivity Thursday, 5 Mar 2015 | 6:47 AM ET

    WASHINGTON— The Labor Department issues its revised report on productivity in the fourth quarter Thursday at 8:30 a.m. Eastern. SLOW GOING: The expectation is that productivity fell at an annual rate of 2.4 percent in the fourth quarter, according to economists surveyed by data firm FactSet. COST CRUNCH: In the initial estimate of productivity, the government...

  • Ahead of the Bell: US factory orders Thursday, 5 Mar 2015 | 6:36 AM ET

    WASHINGTON— The U.S. Commerce Department reports on January factory orders Thursday at 10 a.m. Eastern. Weak growth in China, Europe and Japan has depressed demand for American exports. The Institute for Supply Management reported Monday that its manufacturing index slipped to 52.9 in February, down from 53.5 in January.

  • WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. DROP EXPECTED: Economists forecast that weekly applications fell 18,000 to a seasonally adjusted 295,000, according to a survey by the data firm FactSet.

  • WASHINGTON— The State Department agreed Thursday to review thousands of messages from a private email account that former Secretary of State Hillary Rodham Clinton used for official government business, but it cautioned that the process will move slowly and perhaps take months. Clinton urged the State Department late Wednesday on her Twitter account to...

  • China defense spending to grow 10.1 percent in 2015 Thursday, 5 Mar 2015 | 1:47 AM ET

    BEIJING— China said Thursday it will boost defense spending by 10.1 percent, a smaller rise than last year but in line with large annual increases that have drawn concern among the country's neighbors over Beijing's military and territorial ambitions. In its budget report to the annual session of the national legislature, the Finance Ministry said China's...