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  • FDA approves AbbVie combo hepatitis C treatment Friday, 19 Dec 2014 | 3:35 PM ET

    TRENTON, N.J.— Patients with chronic hepatitis C have a new option for treating the liver-damaging virus, with the approval of a combination treatment developed by AbbVie. The Food and Drug Administration on Friday approved the sale of a packaged treatment called Viekira Pak made by AbbVie Inc. of North Chicago, Illinois. It includes a combination pill, which...

  • Dec 19- U.S. health regulators on Friday approved AbbVie's all-oral treatment for hepatitis C, providing the first competition for Gilead Sciences huge selling and expensive medicine for the liver-destroying virus. The AbbVie regimen consists of four different anti-viral drugs to be taken as three pills in the morning and one in the evening.

  • Dec 19- The U.S. Environmental Protection Agency issued rules on Friday labeling coal ash, a byproduct of coal-based power production containing toxic materials such as arsenic and lead, as non-hazardous waste. The label means that states, and not the EPA, will be the primary enforcers of the new rules, which will require the closure of some coal ash holding ponds...

  • National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchises for alleged labor violations, including the illegal firing and intimidation of staff who protested working conditions. NLRB General Counsel Richard Griffin filed complaints in 78 cases against the company and its franchisees from New York to Los...

  • WASHINGTON— The National Labor Relations Board on Friday designated McDonald's Corp. as a "joint-employer" with franchisees at nearly 14,000 U.S. restaurants, delivering a big win to unions. The board's general counsel's office ruled that the company violated the rights of employees openly seeking better pay and working conditions. It disclosed in July it...

  • Dec 19- A lawyer from the U.S. National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchisees for alleged labor violations. NLRB General Counsel Richard Griffin filed 13 complaints against the company and its franchisees from New York to Los Angeles, the board said.

  • NATIONAL LABOR RELATIONS BOARD OFFICIAL ISSUES COMPLAINTS AGAINST MCDONALDS FOR ALLEGED LABOR VIOLATIONS BY FRANCHISEES- FILING.

  • Volcker critical of delays in namesake rule Friday, 19 Dec 2014 | 12:33 PM ET

    WASHINGTON— Former Federal Reserve Chairman Paul Volcker on Friday criticized a decision to delay full implementation of a rule that bears his name and aims to curb banks' risky investments. The Fed said Thursday that it would delay until July 2017 the deadline by which U.S. banks will have to sell off potentially volatile holdings in private equity, venture...

  • Dec 19- AstraZeneca Plc's ovarian cancer drug has been granted an accelerated approval by the U.S. health regulator, a day after it was approved by the European Commission. An advisory panel to the U.S. Food and Drug Administration had voted in June against granting an accelerated approval to the drug, Lynparza, citing inadequate data. Lynparza aims to treat...

  • U.S. settles lawsuit with T-Mobile US over cramming Friday, 19 Dec 2014 | 12:12 PM ET

    WASHINGTON, Dec 19- T-Mobile US has agreed to settle a lawsuit filed by the U.S. government over unauthorized charges placed on customers' bills, a practice known as cramming, and to pay at least $90 million in refunds and fines, two U.S. government agencies said on Friday. T-Mobile USA received 35 to 40 percent of the amount charged, the Federal Trade Commission said...

  • *Asia shares buoyed as Wall St surges for second day. SYDNEY, Dec 19- Asian shares enjoyed their best day in 15 months on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to withdraw stimulus from the U.S. economy. MSCI's broadest index of Asia-Pacific shares outside Japan put on 1.5 percent,...

  • EPA to step in on fish consumption water rules Thursday, 18 Dec 2014 | 8:05 PM ET

    SEATTLE— The U.S. Environmental Protection Agency on Thursday said it plans to come up with updated water quality standards for Washington partly tied to how much fish people eat— in case the state doesn't do it by next year. The federal process will run parallel to the state's own, which is currently underway, and ensures the EPA can propose a rule in a timely manner...

  • *Asia shares buoyed as Wall St surges for second day. SYDNEY, Dec 19- Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. In Asia, Japan's Nikkei climbed 1.9 percent to erase much of it's recent losses, while Australia's...

  • GLOBAL MARKETS-Asian stocks catch Wall St tailwind Thursday, 18 Dec 2014 | 6:26 PM ET

    SYDNEY, Dec 19- Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates. Brent was quoted $1.37 lighter at $59.81 a barrel, while U.S. crude was hovering around $55.00 after losing more than $2 on Thursday.

  • Fed gives banks more time to sell risky holdings Thursday, 18 Dec 2014 | 6:21 PM ET

    WASHINGTON— The Federal Reserve is delaying by two years a requirement that U.S. banks sell off their riskiest investments such as stakes in private equity and hedge funds. Banks say they need more time to complete the sales. The Fed said Thursday that it plans to extend from July 2015 to July 2017 the deadline by which banks will have to sell their stakes.

  • The greenback hit a 28- month high against the Swiss franc at 0.9847 franc after the Swiss National Bank said it would impose an interest rate of -0.25 percent on some large deposits held by investors in francs, as it seeks to discourage buying of the currency as a safe haven. The euro hit its lowest level against the dollar since Dec. 8, at $1.2266, while the dollar...

  • The Dow Jones industrial average surged more than 300 points on Thursday, building on gains from a day earlier after the Federal Reserve indicated that it was in no rush to raise interest rates as the economy strengthened. Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected.

  • US stocks move higher, building on Fed gains Thursday, 18 Dec 2014 | 11:57 AM ET

    NEW YORK— The U.S. stock market is moving sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. Oracle led a rally in technology shares in midday trading Thursday after the business software maker reported earnings that were better than expected. The Dow Jones industrial average rose...

  • TIPS breakeven rates slip before $15 bln auction. NEW YORK, Dec 18- U.S. Treasuries yields rose on Thursday as Wall Street stock prices rose a day after U.S.

  • PIMCO SAYS FORMER FEDERAL RESERVE CHAIRMAN BEN BERNANKE PARTICIPATED AT FIRM'S CYCLICAL OUTLOOK FORUM LAST WEEK IN NEWPORT BEACH.