GO
Loading...

Government Agencies

More

  • FDA approves first drugs for deadly lung disease Wednesday, 15 Oct 2014 | 6:05 PM ET

    WASHINGTON— The Food and Drug Administration has approved the first drug treatments for a deadly disease that causes severe lung damage. The agency on Wednesday approved two novel treatments from Boehringer Ingelheim and Roche for idiopathic pulmonary fibrosis. Patients with the disease experience lung damage over time that makes it difficult to breathe...

  • The first, Esbriet, was developed by InterMune Inc, which Switzerland- based Roche Holding AG agreed to buy for $8.3 billion in August, banking largely on the treatment's potential. The agency's decision marks a crucial milestone in the management of the disease, which affects about 100,000 people in the United States. Roche's drug, known generically as...

  • Oct 15- The U.S. Food and Drug Administration approved two drugs to treat idiopathic pulmonary fibrosis, marking its first-ever approvals for the fatal lung disease with no clear etiology and no cure. Roche Holding AG's Esbriet, which is already in use in Europe and Canada, and privately held German drugmaker Boehringer Ingelheim's Ofev both received the...

  • WASHINGTON, Oct 15- The U.S. The Fed said it will meet on Oct. 22 to adopt the final version of the credit risk retention rule, a requirement of the 2010 Dodd-Frank law to reform Wall Street. The rule must also be adopted by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Department of...

  • WASHINGTON, Oct 15- The U.S. economy expanded at a "modest to moderate" pace across much of the nation in recent weeks, the Federal Reserve said on Wednesday, giving a picture of stable economic growth despite recent signs of weakness. In its Beige Book report of anecdotal information on business activity collected from contacts across the nation, the central bank...

  • Michaels Stores recalls folding tables Wednesday, 15 Oct 2014 | 1:49 PM ET

    NEW YORK— Michaels Stores said Wednesday that is recalling about 8,400 folding tables because they can collapse when customers sit on them. There have been four reports of customers falling and injuring their backs, legs or hips after sitting on the table, the U.S. Consumer Product Safety Commission said. The Michaels Cos., based in Irving, Texas, said customers can...

  • In a letter to a Federal Communications Commission official viewed by Reuters on Wednesday, GM's Global Connected Consumer executive director, Harry Lightsey III, urged the FCC to "retain the critical distinction" among rules for fixed and mobile Internet traffic and said new limitations for the mobile industry may constrain innovation in connected cars.

  • US producer prices fell 0.1 percent in September Wednesday, 15 Oct 2014 | 8:48 AM ET

    WASHINGTON— Inflation was limited last month because of falling gasoline and food costs that have lowered the prices that U.S. companies received for their goods and services. The Labor Department said Wednesday that the producer price index fell 0.1 percent in September from the previous month. "This is part of the reason the Federal Reserve has grown...

  • WASHINGTON, Oct 14- A bellwether Federal Reserve policymaker on Tuesday downplayed concerns about weakness in the global economy, saying the U.S. central bank should only delay an interest-rate hike next year if inflation or wages fail to perk up. San Francisco Federal Reserve Bank President John Williams said the first line of defense at the Fed, if needed,...

  • WASHINGTON, Oct 14- The U.S. Supreme Court may have bitten off more than it can chew in a North Carolina case about whether the state dental board has the authority to regulate teeth-whitening services, with the justices appearing unsure how to rule. The legal battle was prompted by the U.S. Federal Trade Commission, which decided that the North Carolina State...

  • Oct 14- Pfizer Inc's quit-smoking drug Chantix received its latest setback on Tuesday after U.S. Food and Drug Administration staff recommended that the drugmaker keep a severe warning on the treatment's label. Chantix is one of Pfizer's most controversial drugs and has a number of severe side effects, including suicidal thoughts, erratic behavior and...

  • WASHINGTON, Oct 14- The Federal Reserve would consider delaying an interest rate hike if inflation started to sustainably drop away from the U.S. central bank's 2 percent goal, San Francisco Fed President John Williams said in an interview on Tuesday. "If I saw a sustained reduction in the trend path of inflation, and wage growth is part of that, then clearly that...

  • WASHINGTON, Oct 14- The head of the San Francisco Federal Reserve Bank on Tuesday said he would be open to another of round asset purchases if inflation trends were to fall significantly short of the U.S. central bank's target. Although he said it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying, John Williams said the...

  • INTERNATIONAL TRADE COMMISSION SAYS STEEL INDUSTRY IS AT RISK FROM STEEL REBAR IMPORTS FROM MEXICO, TURKEY, CLEARING WAY FOR DUTIES.

  • Zuckerberg, wife donate $25M to CDC for Ebola Tuesday, 14 Oct 2014 | 10:21 AM ET

    NEW YORK— Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, are donating $25 million to the CDC Foundation to help address the Ebola epidemic. The money will be used by the U.S. Centers for Disease Control and Prevention's Ebola response effort in Guinea, Liberia and Sierra Leone and elsewhere in the world where Ebola is a threat, the foundation said...

  • Simon Johnson, economist and professor at Massachusetts Institute of Technology told a panel held on Sunday by the International Monetary Fund. "Where are the documents mandated by Congress that are supposed to show how we will handle the failure of a large global complex interconnected bank? In August the Federal Reserve and Federal Deposit Insurance Corp....

  • *Germany's ZEW index in focus amid global growth worries. TOKYO, Oct 14- The dollar rebounded modestly against the yen and euro on Tuesday following steep falls overnight, although risk aversion amid the fall in global equities and uncertainty on the timing of Federal Reserve interest rate hikes put a firm cap on the currency. With U.S. stocks falling this much,...

  • SYDNEY, Oct 14- London copper slipped on Tuesday from two week peaks hit the session before after comments by the Federal Reserve fuelled worries over global growth, disturbing a fragile calm after robust Chinese economic data. *Three-month copper on the London Metal Exchange had slipped to $6,696 a tonne by 0034 GMT from the previous session when it tipped its...

  • DIARY - Top Economic Events to Oct 27 Monday, 13 Oct 2014 | 8:01 PM ET

    MADRID- Bank of Spain Deputy Governor Fernando Restoy will deliver a lecture on "Central Bank Perspectives: A New Model for Banking and Finance" as part of the FT Spain Summit: Restoring Competitiveness, organized by Financial Times- 1245 GMT. NEW YORK- Federal Reserve Bank of New York President William Dudley gives introductory remarks and presides over a dinner...

  • *Wall Street stocks tumble for third straight session. NEW YORK, Oct 13- Stocks on Wall Street tumbled in late selling on Monday as the technical picture soured for the S&P 500, while the U.S. dollar posted its worst day in a year after comments from Federal Reserve officials hinted at delays in expected interest rate hikes. "There's been a lot of focus on breaking...