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  • FDA puts partial hold on CytRx cancer drug trials Tuesday, 18 Nov 2014 | 6:36 AM ET

    Nov 18- CytRx Corp said the United States Food And Drug Administration has placed a partial hold on clinical trials of its experimental cancer drug after a patient died. CytRx shares were down 10 percent in premarket trading. The patient received the drug, aldoxorubicin, under the company's expanded access program that makes promising drugs and devices...

  • NEW YORK, Nov 17- Any changes the Federal Reserve makes to its vast portfolio of bonds in the coming years is likely to have a bigger impact on U.S. financial and housing markets than any interest rate hike the U.S. central bank may make in 2015, Fannie Mae chief economist Doug Duncan said on Monday. The Fed's balance sheet stands at $4.22 trillion, including $2.46...

  • Feds say Web privacy firm deceived consumers Monday, 17 Nov 2014 | 3:32 PM ET

    SAN FRANCISCO— Federal regulators said a respected Internet privacy company gave its seal of approval to commercial websites and mobile apps but failed to check whether they were indeed meeting standards for safeguarding customers' data. But the Federal Trade Commission said it deceived consumers by not following through on annual reviews of websites and...

  • WASHINGTON, Nov 17- A heavyweight list of bankers and regulators will appear before a U.S. Senate committee this week in a probe into Wall Street's role in commodity markets and ahead of possible tougher rules from the Federal Reserve. On Thursday, speakers will include Christopher Wibbelman, the head of Goldman Sachs's warehousing unit Metro International...

  • For Fed, low inflation still a likely foe -study Monday, 17 Nov 2014 | 1:00 PM ET

    SAN FRANCISCO, Nov 17- The Federal Reserve two years from now is twice as likely to be battling low inflation as high inflation, according to research published on Monday by the San Francisco Fed. The study, penned by San Francisco Fed senior economist Vasco Cúrdia, suggests that continued easy monetary policy is unlikely to spark the run-up in inflation feared...

  • Wind firm sues to block release of bird-death data Monday, 17 Nov 2014 | 11:55 AM ET

    Pacificorp of Portland, Oregon, is seeking an injunction in U.S. District Court in Utah to prevent the Interior Department from releasing information it considers confidential. The Obama administration has said it planned to turn over the material to The Associated Press, which sought it from the Interior Department in March 2013 under the U.S.

  • DEA painkiller probe targets NFL medical staffs Monday, 17 Nov 2014 | 11:46 AM ET
    Joe Horn

    DEA agents questioned medical-staff members from several NFL teams in a continuing investigation into distribution of painkillers, The NYT reports.

  • Regulators OK more time to build nuke fuel plant Monday, 17 Nov 2014 | 11:32 AM ET

    SAVANNAH RIVER SITE, S.C.— Federal regulators have granted a 10- year extension to the company building a South Carolina facility where spent nuclear weapons materials will be turned into commercial nuclear reactor fuel. Last week, the U.S. Nuclear Regulatory Commission announced that it had granted the request by Shaw Areva MOX Services.

  • ECB's Draghi: government bond purchases possible Monday, 17 Nov 2014 | 10:21 AM ET

    LONDON— The European Central Bank stands ready to buy government bonds if inflation in the 18- country eurozone fails to rise as anticipated, its president said Monday in a hint that helped shore up the region's stock markets and put pressure on the euro. Federal Reserve and the Bank of England in buying government bonds— so-called quantitative easing, or QE.

  • WASHINGTON, Nov 17- U.S. manufacturing output rose in October, but a third straight month of declines in motor vehicle production suggested some slowdown in the pace of factory activity. Factory production increased 0.2 percent last month after a downwardly revised 0.2 percent rise in September, the Federal Reserve said on Monday. Economists polled by Reuters...

  • WASHINGTON, Nov 17- The Federal Reserve said it is hosting a meeting on Monday with banks and regulators to discuss the development of a reference rate alternative to LIBOR, the London interbank rate that was at the center of a global rigging scandal. Expected participants in the discussion include Bank of America, Goldman Sachs, HSBC and central bank officials...

  • FED SAYS EXPECTED ATTENDEES AT MONDAY MEETING IN NEW YORK INCLUDE BOFA, GOLDMAN, UBS, BANK OF ENGLAND, BANK OF JAPAN, ECB, CFTC.

  • FEDERAL RESERVE SAYS TO HOST MEETING ON MONDAY WITH MARKET PARTICIPANTS TO DISCUSS REFERENCE RATE ALTERNATIVES TO LIBOR.

  • HOUSTON, Nov 16- Investigators from the U.S. Chemical Safety Board were headed on Sunday to a DuPont and Co plant in LaPorte, Texas, to begin a probe of a chemical leak that killed four workers. Two of the dead workers were identified as brothers Robert and Gilbert Tisnado, according to Houston television station KTRK. A fifth worker was taken to an area hospital and...

  • Judge rules UPMC violated labor laws; appeal vowed Sunday, 16 Nov 2014 | 12:20 PM ET

    PITTSBURGH— A judge has ruled that the University of Pittsburgh Medical Center engaged in unfair labor practices, including terminating four employees for union-related activities in violation of federal labor law. Administrative Law Judge Mark Carissimi with the National Labor Relations Board ruled largely in favor of the Service Employees...

  • FDA approves Lemtrada for multiple sclerosis Saturday, 15 Nov 2014 | 1:00 PM ET

    NEW YORK— The Food and Drug Administration has approved Lemtrada, a treatment for relapsing multiple sclerosis made by the drugmaker Genzyme. Sanofi, the parent company of Genzyme, wants to market Lemtrada as a treatment for relapsing multiple sclerosis, a disease in which the immune system attacks healthy nerves. Sanofi estimates that the disease affects...

  • Federal Reserve Bank in Richmond marks milestone Saturday, 15 Nov 2014 | 10:05 AM ET

    RICHMOND, Va.— The Federal Reserve Bank of Richmond is marking its 100th anniversary. The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. Branch offices of the Richmond Fed opened in Baltimore in 1918 and in Charlotte in 1927. More than...

  • DIARY - Top economic Events to Nov 27 Friday, 14 Nov 2014 | 7:01 PM ET

    BRUSSELS- ECB President Mario Draghi will be at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome and opening remarks before the "Annual Agriculture Conference: Farm Income's Impact on the Midwest" at the...

  • Nov 14- The U.S. Food and Drug Administration said on Friday it expects China, after almost two years of delays, to soon approve visas that will allow the agency to more than double its staff in China. "We're heading into the homestretch," Margaret Hamburg told reporters on a conference call, when asked how soon China might approve the visas, which would more than triple...

  • NEW YORK, Nov 14- U.S. long-dated Treasury debt prices rose on Friday for a third straight session, as institutional buyers scooped up bonds, comforted by benign inflation in the world's largest economy that should allow the Federal Reserve to keep interest rates lower for longer. "Low inflation expectations in the U.S. have prompted buying on the long end," said Kim...