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Government Agencies

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  • *Gold firms as dollar dips after U.S. non-farm payrolls. LONDON, July 3- Gold prices firmed on Friday, rebounding from a 3-1/ 2 month low as the dollar softened after weaker than forecast U.S. employment data tempered expectations for a September rate rise by the Federal Reserve. Investors remained cautious ahead of Greece's referendum on an international bailout...

  • *Gold firms as dollar dips after U.S. nonfarm payrolls. SINGAPORE, July 3- Gold was steady above a 3-1/ 2 month low on Friday, as sluggish U.S. jobs data tempered expectations for a September rate hike by the Federal Reserve and hurt the dollar. Spot gold was steady at $1,166.60 an ounce by 0331 GMT.

  • SINGAPORE, July 3- Gold was steady above a 3-1/ 2 month low on Friday, as sluggish U.S. jobs data tempered expectations for a September rate hike by the Federal Reserve and hurt the dollar. *Spot gold was steady at $1,167 an ounce by 0053 GMT. The metal fell to $1,156.85 on Thursday, its lowest since mid-March, but pared some losses after U.S. economic data.

  • July 2- Dollar Tree Inc was given the go-ahead to buy Family Dollar Stores Inc by the U.S. Federal Trade Commission on condition that they sell 330 Family Dollar stores, putting to rest a year-long merger saga. The stores spread across 35 states, which Dollar Tree has offered to sell to private equity firm Sycamore Partners, has to be sold within 150 days after the...

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month after a downwardly revised 254,000 increase in May, with construction and government employment...

  • NEW YORK— If investors hoped Thursday's U.S. jobs report would give them clarity, they were probably disappointed. The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. And it left a key question hanging over stocks and bonds: When and how quickly will the Federal Reserve raise interest rates?

  • WASHINGTON, July 2- The U.S. Federal Trade Commission said on Thursday discount retailers Dollar Tree Inc and Family Dollar Stores Inc have agreed to sell 330 Family Dollar stores to settle the regulator's charges that Dollar Tree's proposed $9.2 billion acquisition of Family Dollar would likely be anticompetitive.

  • Oscar Lopez, 36, of Brooklyn, was charged in Manhattan federal court with carrying out the crime from June 2010 to May 2012 while he was delivering mail in the Bronx. In a criminal complaint, U.S. Postal Service Agent Kevin Adams said Lopez and others ripped off the U.S. "As a taxpayer and a United States Postal Service employee, I find the allegations against the...

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls rose 223,000 last month, down from 254,000 in May, with construction and government employment unchanged, and the mining sector purging more jobs, the Labor...

  • July 2- Vertex Pharmaceuticals Inc's unique combination therapy for a rare lung disorder was given the green light by U.S. health regulators, extending the company's reach to the most common form of genetic mutation responsible for cystic fibrosis. Orkambi, a combination of Vertex's approved drug Kalydeco and a new compound called lumacaftor, is intended for...

  • LONDON, July 2- In all the huff and puff over Greece in the past month, a number of major banks and investors have decided the main driving force behind the dollar's 18- month surge against the euro is evaporating. But with some money market interest rates implying a full percentage point increase in official U.S. rates by the start of 2017 and the European Central...

  • FDA clears drug for leading form of cystic fibrosis Thursday, 2 Jul 2015 | 12:22 PM ET

    WASHINGTON— Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited disease that causes internal mucus buildup, lung infections and early death. But it will come at a steep price— more than $250,000 for a year's treatment. The Food and Drug Administration cleared the twice-a-day...

  • July 2- Vertex Pharmaceuticals Inc's combination therapy for a rare lung disorder was approved by U.S. health regulators, extending the company's reach to now treat the most common form of genetic mutation responsible for cystic fibrosis. Orkambi, a combination of Vertex's approved drug Kalydeco and a new compound called lumacaftor, is intended for patients...

  • NEW YORK, July 2- The U.S. dollar slipped against a basket of major currencies on Thursday after U.S. jobs data lagged expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses. Nonfarm payrolls increased by 223,000 last month, the Labor Department said. "The numbers overall were...

  • WASHINGTON, July 2- U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve. Nonfarm payrolls increased 223,000 last month, with construction employment unchanged and the mining sector purging more jobs, the Labor Department said on Thursday.

  • LONDON, July 2- Gold fell to a 3-1/ 2 month low on Thursday, extending losses into a third straight session on a strong dollar ahead of U.S. jobs data that could support expectations that the Federal Reserve will raise interest rates soon. Spot gold slid to $1,159.60 an ounce, its lowest since March 18, and was trading 0.7 percent down at $1,161.06 by 1155 GMT.

  • STOCKHOLM, July 2- Buying only parts of the GE Appliances business would not make sense, the head of Sweden's Electrolux said on Thursday, fighting to salvage a $3.3 billion deal after the United States moved to block it. The U.S. Justice Department filed a lawsuit on Wednesday to stop the Swedish company from buying General Electric Co's appliance unit, saying a...

  • WASHINGTON— U.S. employers likely hired at another strong pace in June, a sign that the job market is nearing full health and giving the Federal Reserve reason to raise interest rates as early as September. Economists predict that employers added 233,000 jobs and that the unemployment rate dipped to 5.4 percent from 5.5 percent in May, according to data firm...

  • *Sunday's referendum could be flash point for Greece. SYDNEY, July 2- The yen dipped in Asian trade on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the Federal Reserve to lift interest rates and briefly steal the spotlight from the Greece's debt crisis. Prime Minister Alexis Tsipras on Wednesday urged Greeks to reject...

  • *Nonfarm payrolls forecast to rise 230,000 in June. WASHINGTON, July 2- U.S. job growth likely cooled a bit in June after reaching a five-month high, but still-healthy hiring would suggest the labor market is strong enough to support a September interest rate increase by the Federal Reserve. We are making a lot of progress in reducing slack and unless the labor...