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  • Facebook gets U.S. antitrust approval to buy Oculus Wednesday, 23 Apr 2014 | 11:09 AM ET

    WASHINGTON, April 23- Social network giant Facebook Inc has won U.S. antitrust approval to buy Oculus VR Inc, a two-year-old maker of virtual reality goggles, the Federal Trade Commission said on Wednesday. Facebook said on March 25 that it planned to buy Oculus for $2 billion in its first-ever hardware deal.

  • U.S. EPA cuts 2013 target for cellulosic biofuel Tuesday, 22 Apr 2014 | 4:44 PM ET

    WASHINGTON, April 22- The U.S. Environmental Protection Agency on Tuesday slashed its target for 2013 use of cellulosic biofuel to less than a million gallons, after the industry failed to meet goals for production of the fuel last year.

  • April 22- The U.S. Food and Drug Administration on Tuesday proposed speeding up medical device approvals for patients who have no other treatment options through a new program focused on earlier and more frequent interactions between companies and FDA staff.

  • Bernanke regrets not explaining crisis better Tuesday, 22 Apr 2014 | 3:46 PM ET

    Federal Reserve Chairman Ben Bernanke said he could have done a better job in helping people understand the action the central bank took during the financial crisis.

  • The proposed Expedited Access Premarket Approval Application program would feature earlier and more frequent interactions between companies and FDA staff. The program is not a new pathway to market, the FDA said, but rather a change in approach aimed at reducing the time it takes to develop a product and get it to market.

  • E-Z-GO recalls 30,000 vehicles Tuesday, 22 Apr 2014 | 12:57 PM ET

    The U.S. Consumer Product Safety Commission said Tuesday that the steering wheel nut on the vehicles may not have been tightened sufficiently, which would reduce the driver's control and could result in a crash. They were sold nationwide from August 2012 through February 2013 for between $6,650 and $10,650.

  • April 22- The U.S. Food and Drug Administration proposed on Tuesday a new, more collaborative approach for faster approval of high-risk medical devices intended to treat patients with serious conditions with no other treatment options.

  • FDA plan would speed up medical device approvals Tuesday, 22 Apr 2014 | 10:40 AM ET

    WASHINGTON— The Food and Drug Administration unveiled a proposal Tuesday designed to speed up development and approval of medical devices that treat life-threatening diseases and debilitating conditions.

  • DIARY - Top economic events to May 5 Monday, 21 Apr 2014 | 8:01 PM ET

    Federal Reserve, Ben Bernanke, will give a speech entitled "Eight Years of Crisis Management at the Federal Reserve and the Way Forward"- 1545 GMT. HALIFAX, Canada- Canadian Finance Minister Joe Oliver will speak at a Halifax Chamber of Commerce lunch in Nova Scotia- 1545 GMT.

  • Jobless rate still good gauge of slack: Fed study Monday, 21 Apr 2014 | 1:02 PM ET

    SAN FRANCISCO, April 21- The U.S. jobless rate in recent years has been a good gauge of slack in the economy, according to a paper published Monday by the Federal Reserve Bank of San Francisco that takes aim at critics who have argued otherwise.

  • USDA establishes rural business investment program Monday, 21 Apr 2014 | 9:21 AM ET

    Secretary of Agriculture Tom Vilsack announced in Cedar Rapids the formation of the first Rural Business Investment Company, a for-profit firm licensed by the USDA to invest in businesses that otherwise might not have the capital to increase business opportunities. The USDA traditionally has offered guaranteed loans or direct loans for rural businesses.

  • USDA tries to contain virus killing millions of pigs Saturday, 19 Apr 2014 | 10:25 AM ET

    Porcine epidemic diarrhea has killed millions of pigs in 27 states since showing up in the U.S. last May

  • US puts off decision on Keystone XL pipeline Friday, 18 Apr 2014 | 2:48 PM ET

    In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision— but declined to say how much longer.

  • USDA orders farms to report pig virus infections Friday, 18 Apr 2014 | 11:38 AM ET

    Porcine epidemic diarrhea has killed millions of pigs in 27 states since showing up in the U.S. last May, with Illinois, Iowa, Minnesota and North Carolina being hit hardest. Previously, the USDA and the nation's pork industry tracked PED with voluntary reports from the labs.

  • Facing FTC action, U.S. ringmakers call off deal Thursday, 17 Apr 2014 | 6:53 PM ET

    WASHINGTON, April 17- Jostens, a leader in the school ring and academic memento market, on Thursday said it had dropped plans to acquire competitor American Achievement Corp- a deal the Federal Trade Commission had said it would fight.

  • April 17- The U.S. Food and Drug Administration warned that a common surgical procedure used to remove uterine fibroids could spread undetected uterine cancer. Data showed that the procedure, laparoscopic power morcellation, could significantly worsen a patient's chance of long-term survival, the regulator said.

  • FDA OKs Merck tablet to reduce ragweed allergies Thursday, 17 Apr 2014 | 3:56 PM ET

    WHITEHOUSE STATION, N.J.— U.S. regulators have again approved a Merck& Co. tablet for gradually reducing seasonal allergies, this time for ragweed pollen. The Food and Drug Administration approved it for patients aged 18 through 65.. Whitehouse Station, N.J.- based Merck's tablet for spring grass allergies, Grastek, was approved Monday for patients aged 5 to 65..

  • WASHINGTON, April 17- The United States has taken steps to release a $450 million installment of frozen Iranian funds following a report from the International Atomic Energy Agency verifying that Iran is living up to its part of a landmark nuclear pact with world powers, the U.S. State Department said on Thursday.

  • NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region picked up in April at a faster clip than expected.

  • WASHINGTON, April 17- The United States has taken steps to release a $450 million installment of frozen Iranian funds following a report from the International Atomic Energy Agency verifying that Iran is living up to its part of a landmark nuclear pact with world powers, the U.S. State Department said on Thursday.

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