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  • FDA panel unanimously backs Novartis' psoriasis drug Monday, 20 Oct 2014 | 2:28 PM ET

    Oct 20- An advisory panel to the U.S. Food and Drug Administration unanimously recommended the use of Novartis AG's anti-inflammation drug in patients with a type of psoriasis, paving the way for its approval. FDA staff reviewers last week had said the drug's benefits outweighed its risk. The FDA is not obligated to accept the panel's recommendations, but...

  • Oct 20- Incentive programs at banks should reward not just bankers who increase revenues, but those who avoid losses and identify risks that could later hurt the institution, a top U.S. Federal Reserve official said on Monday. Federal Reserve Governor Daniel Tarullo said that progress has been made regarding proper bank compensation since the 2007-2009...

  • WASHINGTON, Oct 20- The Federal Reserve is committed to tailoring its supervisory practices for community banks as appropriate to reduce unnecessary burden, a top Fed official said on Monday. The central bank also needs to ensure smaller U.S. banks continue to operate in a safe and sound manner, Fed Governor Jerome Powell said in prepared remarks ahead of a Fed...

  • 7 top-secret spy things the NSA will reveal to you Saturday, 18 Oct 2014 | 7:00 AM ET
    The IBM 7950 Harvest cryptanalysis computer, used by the NSA from 1962-1976.

    The NSA is not known for transparency, but there is some super-secret stuff it's willing to show you, in a museum devoted to cryptology.

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • Fed Chair's "building blocks of opportunity" Friday, 17 Oct 2014 | 4:36 PM ET

    Federal Reserve Chair Janet Yellen expressed deep concerns in a speech Friday about growing inequality in the United States. Citing data compiled by the Fed, she outlined the accelerating divide in incomes and wealth between the top 5 percent of households and everyone else. That has resulted in a dramatic rise in student loan debt, which has quadrupled from...

  • *Fed Chair delivers broad social critique of rich-poor gulf. BOSTON, Oct 17- Federal Reserve Chair Janet Yellen on Friday said the growth of economic inequality in the United States was not in keeping with American values and she hinted at a range of steps that could address it. "The extent of and continuing increase in inequality in the United States greatly...

  • Chimerix gets FDA OK to test drug for Ebola Friday, 17 Oct 2014 | 10:54 AM ET

    Chimerix Inc. said Thursday that it has received FDA clearance to proceed with a trial examining the safety and effectiveness of its brincidofovir tablets in patients who have the virus. Chimerix did not immediately return requests for comment. Chimerix is working with the U.S. Department of Defense on developing the drug as a treatment against smallpox.

  • Vermont Yankee: Shutdown to cost $1.24 billion Friday, 17 Oct 2014 | 9:51 AM ET

    Bill Mohl, president of Entergy Wholesale Commodities, a subsidiary of Vermont Yankee owner Entergy Corp., said the tally is based on federal Nuclear Regulatory Commission rules allowing a reactor owner to mothball the plant for up to 60 years to allow radioactive components to become less so and to allow the fund to grow. But Mohl also said Entergy hopes not to...

  • BOSTON, Oct 17- Federal Reserve Chair Janet Yellen said on Friday the growth of economic inequality in the United States "greatly" concerned her, and suggested in a detailed speech on the politically charged issue that Americans should ask whether it was compatible with their values. With global financial markets rebounding from days of frenzied selling,...

  • Yellen: Greatly concerned by widening inequality Friday, 17 Oct 2014 | 8:31 AM ET

    WASHINGTON— Federal Reserve Chair Janet Yellen sounded an alarm Friday about widening economic inequality in the United States, suggesting that America's longstanding identity as a land of opportunity was at stake. The growing gap between the rich and everyone else narrowed slightly during the Great Recession but has since accelerated, Yellen said in a...

  • BOSTON, Oct 17- Federal Reserve Chair Janet Yellen said on Friday the growth of income and wealth inequality "greatly" concerns her, suggesting in a detailed speech on the politically charged issue that Americans should ask whether it was compatible with U.S. values. "The extent of and continuing increase in inequality in the United States greatly concern me,"...

  • LONDON, Oct 17- The yen edged down on Friday as comments from a Federal Reserve policymaker helped revive some appetite for risk, with investors focused on a speech later by Fed chief Janet Yellen. Comments from James Bullard, head of the St. Louis Federal Reserve Bank, had already helped settle markets late on Thursday. "Judging from the equity markets today, and the...

  • *The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session as economic data eased fears about the potential effect of a weakening global economy on the United States and following remarks by St. Louis Federal Reserve Bank President James Bullard that the U.S. central bank may want to keep up its bond buying stimulus for now.

  • LONDON, Oct 17- The dollar steadied along with most major currencies on Friday as stock markets bounced after a sharp sell-off that convulsed global markets this week. The head of the St. Louis Federal Reserve Bank, James Bullard, steadied markets somewhat on Thursday by talking up the idea of the U.S. central bank holding off on plans to end its bond-buying...

  • SYDNEY/ TOKYO, Oct 17- The yen was off its recent highs on Friday after another choppy session overnight where some calm returned to Wall Street thanks to encouraging U.S. data that helped take the edge off global growth jitters. Also aiding risk sentiment, the head of the St. Louis Federal Reserve Bank, James Bullard, said the U.S. central bank may want to keep up its...

  • FOREX-Yen steps back as some calm returns to markets Thursday, 16 Oct 2014 | 7:30 PM ET

    SYDNEY, Oct 17- The yen started trade on Friday well off its highs after another choppy session overnight where some calm returned to Wall Street thanks to encouraging U.S. data that helped take the edge off global growth jitters. Also aiding risk sentiment, the head of the St. Louis Federal Reserve Bank, James Bullard, said the U.S. central bank may want to keep up its...

  • The Fed's weekly custody-holdings data showed foreign central banks reduced their holdings by $18.8 billion, the most in one week since April, to an 11- week low of $3.31 trillion. These institutions have now cut their holdings by $42.7 billion in the last four weeks, the greatest reduction over a comparable span since March. Holdings of Treasuries dropped by...

  • Oct 16- Pfizer Inc failed to convince the U.S. Food and Drug Administration to remove a black box warning on its controversial quit-smoking drug Chantix, with an advisory panel to the agency voting against the removal on Thursday. The panel agreed to revisit its stance on the warning label once data from Pfizer's post-marketing study of Chantix is available.

  • *Economists eye changes to Fed policy statement due Oct. 29. Oct 16- The Federal Reserve is likely to reassure investors later this month that it won't stand idle if global turbulence threatens the U.S. economy, but a proposal from one top policymaker to keep on buying bonds looks to be a bridge too far. James Bullard, who heads the St.