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  • 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.

  • FDA panel votes to keep boxed warning on Chantix Thursday, 16 Oct 2014 | 4:10 PM ET

    WASHINGTON— Federal health advisers say a bold-letter warning about suicide risks with Pfizer's Chantix should remain on the anti-smoking drug until it can reevaluated based on new, rigorous study information. Eleven advisers to the Food and Drug Administration voted to retain the so-called black box warning about reports of suicide, hostility and...

  • WASHINGTON, Oct 16- Federal Reserve Chair Janet Yellen did not comment on the economy or monetary policy during a visit on Thursday to a Boston- area job development and education facility. The Fed chair visited the Connect facility in Chelsea, Massachusetts ahead of a Friday conference on income inequality. She spoke with officials and clients of the facility...

  • WASHINGTON, Oct 16- Two former derivative traders for Dutch lender Rabobank were charged on Thursday for allegedly manipulating the Libor benchmark, the U.S. Department of Justice said. Anthony Allen and Anthony Conti, both of England, were indicted by a federal grand jury in New York, the agency said. Two other former Rabobank employees have pleaded guilty in the...

  • TSA chief who tightened airport security steps down Thursday, 16 Oct 2014 | 1:38 PM ET
    Transportation Security Administration chief John Pistole will retire from public service effective Dec. 31.

    John Pistole served more than four years atop the agency created in the aftermath of 9/11, that screens travelers and luggage at airports, USA TODAY.

  • ASSESSING ON DAY TO DAY BASIS WHETHER TO ISSUE A BAN ON TRAVEL FROM WEST AFRICA DUE TO EBOLA.

  • LONDON, Oct 16- European equities trimmed their losses late on Thursday after hitting a 13- month low on concern that global growth is slowing, and U.S. shares recovered following new releases of economic data and a Fed official's comments on bond purchases. In addition, St. Louis Federal Reserve Bank President James Bullard said the Fed may keep up its...

  • *Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. Adding to the positive tone, St. Louis Federal Reserve Bank President James Bullard told Bloomberg television the U.S. central bank may want to keep up its bond buying stimulus for now given a drop in inflation expectations.

  • Oct 16- The benefits of Novartis AG's anti-inflammation drug outweighed the risks in using it to treat a type of psoriasis, staff reviewers at the U.S. Food and Drug Administration said. There were no major safety issues associated with secukinumab, according to the review posted on the FDA website on Thursday- four days before a panel of outside advisers is...

  • Oct 16- The benefits of Novartis AG's anti-inflammation drug outweighed the risks in using it to treat a type of psoriasis, staff reviewers at the U.S. Food and Drug Administration said. While the FDA is not obligated to accept the recommendations of the panel, it typically does so. The FDA staff based its recommendation on the review of the data from this study,...

  • WASHINGTON, Oct 16- The Federal Reserve is considering turning its annual health check for big banks into one of the tools it could use to prevent a build up of excessive financial risks. If deployed, the modified tests could force banks to retain billions of dollars that otherwise would have gone to shareholders. While the move would help cool off sectors at risk...

  • DIARY - Top Economic Events to Oct 29 Wednesday, 15 Oct 2014 | 8:01 PM ET

    CHELSEA, United States- Federal Reserve Chair Janet Yellen tours the CONNECT facility and meets consortium leaders and local residents to hear about conditions in the local economy and the impact of CONNECT for residents entering or re-entering the workforce- 1645 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe takes part in a panel discussion at...