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Government Agencies

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  • TOKYO, May 22- Asian shares rose early on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar steadied after losing ground to the euro for the first time this week on downbeat U.S. data. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent with South Korean...

  • May 21- Federal Communications Commission Chairman Tom Wheeler reached out to the chief executives of Time Warner Cable Inc and Charter Communications Inc to convey that the agency is not against cable deals, the Wall Street Journal reported. Wheeler saw some of the statements as a "significant over-reading" of the FCC staff's stance on the Comcast-Time...

  • WASHINGTON, May 21- The chairman of a U.S. congressional committee on Thursday subpoenaed Federal Reserve documents and communications related to a 2012 leak of information related to monetary policy, ramping up his attack of the central bank's handling of the case. Republican Jeb Hensarling of Texas, who chairs the U.S. House of Representatives Financial...

  • WASHINGTON, May 21- The U.S. Federal Reserve did an about-face on Thursday and proposed allowing banks to count certain municipal bonds as liquid assets in order to comply with new rules designed to ensure banks can survive a cash crunch. The rule change will not apply only to banks regulated by the Federal Reserve that have $250 billion or more in total...

  • WASHINGTON, May 21- The U.S. House of Representatives Financial Services Committee on Thursday said it issued a subpoena to the Federal Reserve over a 2012 leak of information related to monetary policy.

  • May 21- Camel cigarette brand owner Reynolds American Inc's planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. While Reynolds American and the U.S. Federal Trade Commission declined to comment, Lorillard was not immediately available. Reynolds, which will get...

  • May 21- Camel cigarette brand owner Reynolds American Inc's planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. Reynolds offered to buy Lorillard for $25 billion in last July. Reynolds, Lorillard and the U.S. Federal Trade Commission were not immediately...

  • May 21- U.S. primary dealers continue to see September as the most likely timing for the Federal Reserve to begin raising interest rates, according to the median response reported in the New York Fed's latest survey. But the latest survey, taken as U.S. central bankers prepared for their April 28-29 policy-setting meeting and published on Thursday, also showed...

  • Fed's Fischer says euro zone survival virtually assured Thursday, 21 May 2015 | 2:00 PM ET

    Federal Reserve Vice Chair Stanley Fischer on Thursday said the euro zone crisis had made the monetary union stronger and proved that the European Central Bank has the ability to carry out effective policy in the region. Even though the crisis is not over, with Greece in particular still struggling and facing a possible debt default, the ECB's actions have "...

  • *Shake Shack hits record on trademark filing. May 21- U.S. stocks rose in afternoon trading on Thursday, with the S&P 500 just shy of its record high and the Nasdaq crossing its record close, as disappointing economic data bolstered the view that an interest rate hike would come only later in the year. Federal Reserve officials all but ruled out a rate hike next month...

  • *Shake Shack hits record on trademark filing. May 21- Wall Street was higher in late morning trading on Thursday, with the S&P 500 a whisker away from a record high, as a fresh batch of disappointing economic data bolstered expectations that the Federal Reserve would not raise interest rates any time soon. "I doubt we'll see a rate hike this year," said Paul Nolte,...

  • Listeria: FDA finds problems at Ohio ice cream plant Thursday, 21 May 2015 | 11:32 AM ET

    WASHINGTON— A government investigation of Ohio- based Jeni's Splendid Ice Creams found inadequate testing and cleaning in its Columbus plant that had become contaminated with listeria. The Jeni's recall came as Texas- based Blue Bell Creameries also shut down and recalled all products after listeria in its products was linked to three deaths.

  • US STOCKS-Wall St shrugs off weak data to inch higher Thursday, 21 May 2015 | 10:22 AM ET

    *Lumber Liquidators plunges after CEO resigns. *CVS up on $10.1 bln Omnicare deal. May 21- U.S. stocks moved higher in morning trading on Thursday as investors shrugged of fresh batch of weaker-than-expected data, which came a day after the Federal Reserve all but ruled out an interest rate hike in June.

  • May 21- U.S. stock index futures were slightly lower on Thursday, a day after minutes from the latest Federal Reserve meeting bolstered expectations that interest rates would stay near zero until later this year. The jobless claims data is due at 8:30 a.m. ET. *Data measuring the growth in the U.S. manufacturing sector in May is due at 9:45 a.m. ET and 15 minutes...

  • BEIJING, May 21- A Chinese university denied on Thursday U.S. espionage charges filed against three of its staff who are among six Chinese people the United States has accused of stealing technology often used in military systems. The U.S. Justice Department announced the charges against the six on Tuesday, the third time in as many years that U.S. authorities...

  • *Shanghai stocks focus on potential positives of weak China PMI. LONDON, May 21- World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data put pressure on Beijing for more stimulus and the Federal Reserve signalled an increase in U.S. interest rates is still some way off. Top euro zone leaders will meet later in Latvia, where...

  • Detroit is the latest major city to see an influx of whites who may not find the suburbs as alluring as their parents and grandparents did in the last half of the 20th century. "For any individual who wants to build a company or contribute to the city, Detroit is the perfect place to be," said Bruce Katz, co-director of the Global Cities Initiative at the Washington-...

  • The reason: for more than four years, Fiorina- who has an estimated net worth of up to $120 million- didn't pay them, a review of Federal Election Commission records shows. But some former staffers on her Senate campaign are now raising questions about that portrayal. FEC records show, for example, that her former campaign manager Martin Wilson was owed $80,500; legal...

  • SYDNEY/ TOKYO, May 21- The dollar stepped back in Asian trade on Thursday but held close to a two-week peak against a basket of major currencies as investors focused on the pace of the U.S. "The sentiment is turning favourable on the dollar after all the position-unwinding has been done," said a trader at a Japanese bank in Tokyo. "Although they contained no outright...

  • WASHINGTON, May 20 (Reuters)- Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the U.S. economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeting released on Wednesday. They also cited economic worries in China and Greece. They also were troubled by the...