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  • WASHINGTON, May 6- The U.S. Food and Drug Administration will hold a public meeting this summer to address drug company concern that restrictions on what they can say about off-label use of drugs violate their first amendment right to free speech. Efforts by drug companies to change the rules gained steam after a 2012 decision from the Second Circuit Court of...

  • WASHINGTON— Trying to figure out which window blinds or shades are safe to buy for homes with young children? If so, they would get a "Certified Best For Kids" label— a move that was welcomed by Consumer Product Safety Commission Chairman Elliot Kaye. The campaign by the Window Covering Manufacturers Association would be voluntary.

  • WASHINGTON, May 6- Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. "Our new policy reflects our decision to continue to reduce our credit exposure over time to the coal mining sector globally," said Andrew Plepler,...

  • Vanda reports 1Q loss Wednesday, 6 May 2015 | 5:54 PM ET

    WASHINGTON _ Vanda Pharmaceuticals Inc. on Wednesday reported a loss of $10.2 million in its first quarter. On a per-share basis, the Washington- based company said it had a loss of 24 cents. Keywords: Vanda Pharmaceuticals, Earnings Report.

  • Speaking at the industry's trade show in Chicago, Federal Communications Commission Chairman Tom Wheeler drew a lukewarm reception as he pressed the companies to boost competition and embrace the Internet's power to shake up their business model. Cable and wireless industry trade groups are challenging in court the FCC's new Internet traffic...

  • CARACAS, May 6- Venezuela is investigating whether drug companies including Germany's Merck KGaA and Bayer AG have improperly profited from subsidized foreign exchange amid growing medicine shortages, the country's health minister said. Those firms have received a favorable exchange rate through Venezuela's currency controls to produce or import...

  • Figures on government spending and debt Wednesday, 6 May 2015 | 4:02 PM ET

    WASHINGTON— Figures on government spending and debt.

  • In the newest work, University of California, Berkeley, researchers used a smartphone-run video microscope to target a challenge in parts of Central Africa— some devastating infections caused by tiny parasitic worms. A small pilot study in Cameroon showed the device could measure within minutes certain worms wriggling in a finger-prick of blood, rapidly...

  • The FAA has been under intense pressure from industry and Congress to allow beyond-line-of-sight operations. Reuters first reported last week that the FAA is in talks with drone manufacturers and operators about testing beyond-line-of-sight drone systems, and an announcement is expected as soon as this week. "We anticipate receiving valuable data from...

  • WASHINGTON— Nearly 1,600 IRS workers were found to have willfully evaded taxes over a 10- year period, including some who were responsible for enforcing the nation's tax laws, a government watchdog said Wednesday. A new report by the agency's inspector general said most were not fired, even though a 1998 law calls for terminations when IRS workers willfully...

  • Treasury to expand government checking account Wednesday, 6 May 2015 | 2:44 PM ET

    WASHINGTON— The federal government, concerned about possible financial market disruptions from events such as cyberattacks, has decided to more than double the amount of money it keeps in its checking account. The Treasury Department announced Wednesday that it will aim to run an operating balance of between $200 billion to $225 billion, which would be...

  • The FAA has been under intense pressure from industry and Congress to allow beyond-line-of-sight operations. The FAA is in talks with drone manufacturers and operators about testing beyond-line-of-sight drone systems, and an announcement is expected as soon as this week. "We anticipate receiving valuable data from each of these trials that could result in...

  • The nonpartisan Government Accountability Office also said the Bureau of Land Management failed to conduct production inspections for hundreds of high-priority oil and gas wells— roughly 1 out of 5— to ensure full payment of royalties to the U.S. The GAO report said it had been urging BLM, an agency of the Interior Department, to update guidelines for the...

  • OTTAWA, May 6- A record Canadian trade deficit in March caused by plunging oil prices has masked an encouraging trend- strength in non-energy exports that the central bank is counting on to revive economic growth. The pickup is benefiting companies like Guelph, Ontario- based Linamar Corp, which expects double-digit sales growth this year and is expanding its...

  • BRUSSELS, May 6- The EU unveiled plans to shake up rules for online services in the hope that breaking down borders can revive the bloc's economy, but risks accusations of trying to throw up new barriers to the U.S. firms that dominate its market. With some fanfare, the European Commission presented a range of broad policy proposals on Wednesday.

  • WASHINGTON, May 6- The U.S. government said on Wednesday it will start keeping more cash on hand for when it can't tap debt markets, a measure that could help it pay bills during a natural disaster, a cyber attack or even a crisis over the nation's debt ceiling. "Treasury believes it is prudent to change its cash management policy starting this month," said Acting...

  • WASHINGTON— Bill Lewis was under more pressure than most new hires when he began a job in information technology last year in Monroe, Connecticut. Jobless for a year, he had eight weeks to persuade his employer to keep him and pay his salary. Lewis' employer, Kevin Kuligowski of Creative Mailing Solutions, discovered he was both proficient in mail-management...

  • Noodles stock continues slide with weak report, outlook Wednesday, 6 May 2015 | 11:55 AM ET

    NEW YORK— Noodles& Co. continued its slide with another disappointing earnings report, as the restaurant chain operator fared poorly in several key markets. The Broomfield, Colorado- based casual restaurant operator has a history of failing to meet Wall Street expectations either with results or guidance. The others include the Washington, D.C., metro area and...

  • State official: Clinton email practices 'not acceptable' Wednesday, 6 May 2015 | 11:05 AM ET

    WASHINGTON— A high-ranking State Department official said Wednesday it's "not acceptable" for any agency employee to conduct government business on a private email server as former Secretary of State Hillary Rodham Clinton did. Barr said that she had not been aware of Clinton's decision to conduct all her State Department email on a private server but that...

  • NEW YORK— U.S. stocks fell across industries on Wednesday as investors worried over stock valuations, economic growth and rising interest rates. A comment from Federal Reserve Chair Janet Yellen suggesting that stocks are generally overvalued added to the selling pressure. "There are creeping worries that inflation, which was seen as non-existent, will soon...