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Government Agencies

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  • HOUSTON, April 27- The United Steelworkers union filed a charge with the U.S. National Labor Relations Board against Lyondell Basell Industries for declaring an impasse in negotiations with striking Houston refinery workers, the union said on Monday. Lyondell declared the impasse on April 14 following the rejection of its "last, best and final" contract offer...

  • NEW YORK, April 27- A measure of equity markets worldwide hit record highs on Monday as optimism over Greece supported European stocks while U.S. shares added to last week's gains ahead of Apple results and a Federal Reserve policy meeting. MSCI's all-country world stock index, which tracks shares in 45 countries, extended a multi-year rally to a fresh record...

  • WASHINGTON— For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don't look for it soon. Yet at a news conference later, Chair Janet Yellen stressed that while the Fed had removed "patient" to describe its approach to raising rates, it still...

  • *FDA cites concerns over late-stage study design, results. April 27- U.S. Food and Drug Administration staff reviewers said an accelerated review of drugmaker Amgen Inc's skin cancer immunotherapy cannot be considered at this time, citing concerns over the design and results of a key study. T-Vec represents a new class of agent for the treatment of metastatic...

  • *Fed, other central bank meetings key to week ahead. NEW YORK, April 27- The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve's key monetary policy meeting this week. "Any sense from the Fed that a rate hike appears on a further horizon could mean a weaker...

  • April 27- The U.S. Food and Drug Administration should not consider an accelerated review of Amgen Inc's marketing application for its skin cancer vaccine, FDA staff reviewers concluded in documents released on Monday, citing concerns over the design and results of a key study. The review comes two days before a panel of FDA advisers votes on whether the...

  • April 27- The U.S. Food and Drug Administration should not consider an accelerated review for drugmaker Amgen Inc's marketing application for its skin cancer vaccine, FDA staff reviewers concluded in documents released on Monday. The review comes two days before a panel of FDA advisers votes on whether the treatment, a cancer-killing virus called talimogene...

  • *Lynch takes over after protests in Baltimore. *Justice Department is probing use of excessive force. Besides the death of Freddie Gray in Baltimore, other questionable encounters between police and black males in recent months have led to unrest in South Carolina, Missouri, Ohio and New York.

  • *Euro pressured as Greece, creditors negotiate debt deal. TOKYO, April 27- The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece's ongoing debt talks pressured the euro.

  • LONDON, April 26- Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Federal Reserve, the Bank of Japan and Sweden's Riksbank, which all have turned to government bond purchases as stimulus...

  • Xerox and Amazon are big market movers Friday, 24 Apr 2015 | 4:34 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Xerox Corp., down $1.15 to $11.99. Rival Comcast dropped its $45 billion buyout bid for the cable company after pushback from the Federal Communications Commission.

  • *Euro gains dwindle as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar after euro zone...

  • What Google wants with its $5.5M in lobbying Friday, 24 Apr 2015 | 12:17 PM ET
    Hand touching screen with Google's website displayed

    The company spent $5.5 million lobbying Congress in the first quarter, and its interests are as varied as one might expect.

  • *Euro trims gains as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar, however, after euro...

  • WASHINGTON, April 23- An executive of Hitachi Automotive Systems Ltd has been sentenced to 15 months in prison for his role in a plan to fix the price of starter motors, alternators and other auto parts, the Justice Department said on Thursday. Takashi Toyokuni, who pleaded guilty in the U.S. District Court for the Eastern District of Michigan, also agreed to pay a...

  • WASHINGTON, April 23- The U.S. Justice Department has sued Quicken Loans Inc for filing false claims on government-insured mortgages and other violations. The complaint, filed in the U.S. District Court for the District of Columbia on Thursday, said the company improperly originated and underwrote mortgages insured by the Federal Housing Administration.

  • FTC says company that tracks shoppers also misled them Thursday, 23 Apr 2015 | 5:57 PM ET

    NEW YORK— A company that helps retailers track shopper's movements deceived consumers by saying that it would inform them when they were being tracked and give them the chance to opt-out, but never did, the Federal Trade Commission said Thursday. Nomi Corp. has agreed not to make any future misleading claims that consumers can control whether information is...

  • April 23- Comcast Corp plans to drop its $45 billion offer to buy Time Warner Cable Inc in the face of opposition from U.S. regulators, Bloomberg reported on Thursday, citing people with knowledge of the matter. The news came a day after Comcast and Time Warner Cable officials met with reviewers from the Federal Communications Commission and the Justice...

  • NEW YORK— The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn't meet federal standards, leaving the government stuck with the bill when borrowers defaulted. The U.S. Department of Justice said Thursday that between September 2007 and December 2011, Quicken approved, underwrote, and certified the...

  • April 23- Comcast Corp plans to drop its $45 billion offer to buy Time Warner Cable Inc in the face of opposition from U.S. regulators, Bloomberg reported on Thursday, citing people with knowledge of the matter. The news comes after Comcast and Time Warner Cable officials' meetings on Wednesday with Federal Communications Commission and the Justice Department...