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  • *Shares fall more than 6 percent after FDA sanction. The FDA has imposed a rash of regulatory sanctions on Indian generic makers in the last year, triggering concerns about the quality of the medicines supplied by the $14 billion industry to countries including the United States, the biggest market. "The FDA is becoming more stringent.

  • March 12- The Federal Reserve Bank of New York looked at whether a key foreign-exchange benchmark was subject to manipulation in 2012 but did not pursue any public action, the Wall Street Journal reported, citing people familiar with the matter.

  • March 12- Herbalife Ltd said on Wednesday that the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company's share price down more than 16 percent.

  • *U.S. Senate panel holds confirmation hearing on Thursday. SAN FRANCISCO/ NEW YORK, March 12- Stanley Fischer, U.S. The former chief of the Bank of Israel was chosen to be Fed Chair Janet Yellen's second-in-command in part for his crisis-management credentials, especially during a seven-year stint as the No. 2 official at the International Monetary Fund.

  • March 12- Herbalife Ltd on Wednesday said the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company's share price down by more than 15 percent.

  • Herbalife says FTC opens inquiry, will cooperate Wednesday, 12 Mar 2014 | 1:51 PM ET

    March 12- U.S.-based nutrition and weight loss company Herbalife Ltd on Wednesday said the U.S. Federal Trade Commission opened an inquiry into its operations. Herbalife, which has been accused by hedge fund manager William Ackman of running a pyramid scheme, said it would "cooperate fully" with the FTC.

  • Senate confirms Wall Street critic as Treasury no. 2 Wednesday, 12 Mar 2014 | 12:28 PM ET
    Sarah Bloom Raskin

    The U.S. Senate approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department.

  • *U.S. central bankers stressing "gradual" approach. SAN FRANCISCO/ NEW YORK, March 12- Janet Yellen has a message to markets: the Federal Reserve will keep interest rates low for a while yet and, when it does begin to tighten monetary policy, it will do so only slowly.

  • WASHINGTON, March 12- The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination by voice vote.

  • U.S. Senate confirms Wall Street critic as Treasury No. 2 Wednesday, 12 Mar 2014 | 12:17 PM ET

    WASHINGTON, March 12- The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination by voice vote.

  • March 12- Geron Corp said the U.S. Food and Drug Administration ordered a halt to trials of its cancer drug imetelstat over concerns about potential liver damage, sending the company's shares plunging almost 60 percent before the bell.

  • NEW YORK, March 11- The Pimco Total Return Fund, the world's largest bond fund, slashed its holdings of mortgages in February to the lowest level since at least late 2011 on bets that the Federal Reserve will conclude bond purchases this year, data from the firm's website showed on Tuesday.

  • National Labor Relations Board has decided that anti-union Volkswagen workers can defend the results of a mid-February union election that the United Auto Workers lost at a Chattanooga, Tennessee VW plant.

  • Fischer to put textbook work on ice while in Fed job Tuesday, 11 Mar 2014 | 1:18 PM ET

    March 11- Stanley Fischer wrote the book on macroeconomics. Federal Reserve- a Senate committee holds a hearing on his nomination on Thursday- he's made a promise that may disappoint anyone who hoped he might be able to pepper the text with insights gleaned at the Fed.

  • March 11- Senomyx Inc said the U.S. Food and Drug Administration had declared that its Sweetmyx food flavoring was safe, paving the way for customers such as PepsiCo Inc to add it to drinks to reduce the use of sugar and sugar substitutes.

  • FDA says Senomyx sweetener enhancer safe; shares jump Tuesday, 11 Mar 2014 | 10:55 AM ET

    March 11- Senomyx Inc said the U.S. health regulator designated its Sweetmyx food flavoring safe, paving the way for customers such as PepsiCo Inc to add it in drinks to reduce the use of sugar or sugar substitutes.

  • NATIONAL TRANSPORTATION SAFETY BOARD TEAM IS EN ROUTE AND ACCOMPANIED BY TECHNICAL ADVISERS FROM BOEING AND U.S.

  • DIARY - Top economic Events to Mar 22 Friday, 7 Mar 2014 | 7:01 PM ET

    PARIS- Federal Reserve Bank of Philadelphia President Charles Plosser participates in the Global Interdependence Center "Monetary Policy& Banks and the Rise of Global Protectionism" conference in Paris, France- 0945 GMT.

  • March 7- The U.S. Food and Drug Administration has asked Regeneron Pharmaceuticals Inc and Sanofi SA to assess potential neurocognitive side effects of their experimental cholesterol drug, Sanofi said in its annual report on Friday.

  • March 7- The U.S. Food and Drug Administration has asked Regeneron and Sanofi to assess potential neurocognitive side effects of their experimental cholesterol drug, Sanofi said in its annual report on Friday. U.S.-listed shares of France- based Sanofi were down 1 percent.