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  • 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.

  • April 17- The U.S. Food and Drug Administration warned that a surgical procedure used to mince uterine fibroids and remove them through a tiny abdominal incision could spread cancer tissue beyond the uterus in women with undetected uterine cancer.

  • War of words in Northwestern-athletes' union fight Thursday, 17 Apr 2014 | 1:51 PM ET

    WASHINGTON— Northwestern University and a group trying to unionize college athletes are trading accusations as the National Labor Relations Board considers the school's appeal of a federal ruling that scholarship athletes essentially are employees of the university and therefore have the right to unionize, bargain collectively and even strike.

  • NEW YORK, April 17- The Federal Reserve logged $84 billion in net profit last year on its massive portfolio of assets, and average income will probably remain higher than before the financial crisis for another decade to come, according to an annual report.

  • FDA warns of cancer risk with fibroid procedure Thursday, 17 Apr 2014 | 1:05 PM ET

    WASHINGTON— The Food and Drug Administration is warning women that a surgical procedure used to eliminate growths in the uterus could inadvertently spread cancer to other parts of the body.

  • WASHINGTON, April 17- Home improvement retail chain Lowe's Home Centers has agreed to pay a $500,000 penalty for violating rules governing lead paint exposure, the U.S. Environmental Protection Agency and the Department of Justice said on Thursday.

  • WASHINGTON, April 17- Home improvement retail chain Lowe's Home Centers has agreed to pay a $500,000 penalty for violating rules governing lead paint exposure, the U.S. Environmental Protection Agency and the Department of Justice said on Thursday.

  • TREASURIES-Prices fall on strong data, before supply Thursday, 17 Apr 2014 | 12:31 PM ET

    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 expanded in April at a faster clip than expected.

  • LONDON, April 17- Bond purchases by the U.S. Federal Reserve have been twice as effective at boosting economic output as those by the Bank of England, research by a BoE policymaker showed on Thursday.

  • LONDON, April 17- The dollar fell against a basket of currencies on Thursday after Federal Reserve Chair Janet Yellen reiterated an accommodative monetary policy stance in comments.

  • GLOBAL MARKETS-Google, IBM cast shadow Thursday, 17 Apr 2014 | 4:23 AM ET

    *Earnings depress Google, IBM in after-hours trade. LONDON, April 17- European stocks dipped on Thursday as disappointing earnings from U.S. tech heavyweights Google and IBM dampened the previous session's upbeat tone on Wall Street, and the dollar weakened on dovish remarks from the Federal Reserve.

  • LONDON, April 17- The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance in comments which gave the euro and the yen a lift.

  • Nikkei ends flat as profit-taking tempers Fed optimism Thursday, 17 Apr 2014 | 2:12 AM ET

    TOKYO, April 17- Japan's Nikkei share average ended flat in choppy trade on Thursday as profit-taking from the previous day's large gains offset optimism that the U.S. Federal Reserve will keep interest rates low for an extended period.

  • April 17- The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company.

  • TOKYO, April 17- Japan's Nikkei share average was flat in choppy trade on Thursday morning as profit-taking from the previous day's big gains offset strength in U.S. shares which rose on confidence that the Federal Reserve will keep the interest rates low.

  • *Top U.S. central banker stresses need for stimulus. NEW YORK, April 16- Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S. central bank would be delivering policy stimulus for some time to come.

  • *Yahoo rallies after results; BofA falls. NEW YORK, April 16- U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.

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