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  • Jan 7- A panel to the U.S. Food and Drug Administration unanimously backed the approval of Novartis AG's copy of Amgen Inc's blockbuster cancer drug Neupogen, setting the stage for the regulator's first approval of a biosimilar. The biosimilar could be priced at the same level as Neupogen, but cost to insurers and consumers would be lower, Novartis executives...

  • NEW YORK, Jan 7- U.S. stocks rebounded on Wednesday from five straight sessions of losses after strong private sector jobs data and as minutes from the most recent Federal Reserve meeting reassured investors the bank was in no hurry to start raising interest rates. "The U.S. continues to be the strongest region in the globe right now, and I think markets are...

  • WASHINGTON, Jan 7- U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday and signs of ever-stronger consumer spending confirmed the United States remains the bright...

  • Jan 7- A panel to the U.S. Food and Drug Administration unanimously backed the approval of Novartis AG's copy of Amgen Inc's blockbuster cancer drug Neupogen, paving the way for the regulator's first approval for a biosimilar. The injectable biologic, Neupogen, prevents infections in breast cancer patients undergoing chemotherapy, which reduces their white...

  • NEW YORK, Jan 7- U.S. stocks rose 1 percent on Wednesday, rebounding from five straight down sessions, lifted by strong private sector jobs data and minutes from the most recent Federal Reserve meeting that reassured investors the bank was in no hurry to start raising interest rates.

  • LONDON/ NEW YORK, Jan 7- Gold eased on Wednesday, ending a three-day winning streak, as the dollar and equities strengthened and minutes from the Federal Reserve's policy meeting in December showed the U.S. central bank maintaining the status quo on interest rates. Spot gold was down 0.3 percent at $1,215.93 an ounce at 3:22 p.m. EDT after jumping to its highest...

  • According to minutes of the Fed's Dec. 16-17 meeting, released on Wednesday, U.S. central bankers reviewed a broad set of data showing the United States was holding its own as other parts of the global economy turned in the wrong direction. Plummeting oil prices were pushing the United States further from the Fed's inflation target, but consumers appeared poised...

  • According to minutes of the Fed's December meeting, released on Wednesday, U.S. central bankers reviewed a broad set of data showing that the economic recovery in the United States was holding its own in a world that was turning in the wrong direction- with recession threatening in Japan and Europe and a slowdown in major emerging markets. Plummeting oil prices...

  • OBAMA SAYS FEDERAL HOUSING ADMINISTRATION WILL CUT ANNUAL MORTGAGE INSURANCE PREMIUMS TO 0.85 PERCENT FROM 1.35 PERCENT TO MAKE MORTGAGES MORE AFFORDABLE.

  • data@ NEW YORK, Jan 7- U.S. crude oil exports reached a record high 501,766 barrels per day in November, a leap of nearly 126,000 bpd from the month prior, foreign trade data from the U.S. Census Bureau showed on Wednesday. The exports were the highest recorded since data was available in 1920 from the U.S. Energy Information Administration, eclipsing the previous high...

  • Euro slide not over as pressure grows on ECB-Reuters poll Wednesday, 7 Jan 2015 | 10:29 AM ET

    LONDON, Jan 7- The euro's slide is not yet over because diverging monetary policies at the European Central Bank and the United States Federal Reserve will sink the currency to levels not seen since late 2003, a Reuters poll found. Fears that cheap oil will tip the now 19- member bloc into a deflationary spiral have increased calls for the ECB to take urgent action,...

  • *Canadian dollar seen at C $1.18 in 12 months. *Looming Fed hike, seen ahead of Bank of Canada, key driver. Currency strategists polled by Reuters have slashed their forecasts from a month ago after a rocky start to 2015, with heavy selling that has already knocked down the loonie nearly 2 percent to its weakest since early 2009. They now predict the Canadian dollar...

  • Jan 6- CytRx Corp said interim data showed its experimental brain cancer drug was effective in a mid-stage study and a partial clinical hold on enrollment could be lifted this month. The company has provided the FDA with a package of information and expects to hear back from the agency later this month, CytRx Chief Executive Steven Kriegsman told Reuters.

  • Landon, a partner at private investment fund Community BanCapital, was chief executive of the Bank of Hawaii from 2004 until 2010. Previously, he had worked as the bank's chief financial officer and as CFO at First American in Tennessee. Several lawmakers on Capitol Hill had urged the White House to name someone with community banking experience to one of the...

  • President Barack Obama on Tuesday nominated former Bank of Hawaii chief executive Allan Landon to join the U.S. Lawmakers had been urging the White House to appoint someone with community bank experience to the board. If confirmed by the U.S. Senate, Landon would have a permanent vote on monetary policy and help implement the 2010 Dodd-Frank financial...

  • WASHINGTON, Jan 6- A former executive of Japan's Toyoda Gosei Co Ltd has agreed to plead guilty to price fixing and rigging bids for auto parts made for cars sold in the United States, the Justice Department said on Tuesday. Toyoda Gosei is among 32 companies that have pleaded guilty to fixing the prices of dozens of car parts. Horie, a former Toyoda Gosei sales...

  • Fed appoints new head of monetary affairs division Tuesday, 6 Jan 2015 | 2:47 PM ET

    WASHINGTON, Jan 6- The U.S. Federal Reserve announced on Tuesday that Thomas Laubach would take over as director of the Division of Monetary Affairs. Laubach worked at the Federal Reserve Bank of Kansas City from 1997 to 2000 before joining the staff of the Fed board, where he remained until 2008..

  • Federal Reserve's Board of Governors, a source briefed by the White House said on Tuesday. Landon, a partner with private investment fund Community BanCapital, served as chief executive officer of the Bank of Hawaii from 2004 until 2010. The source said the White House would announce the nomination later on Tuesday. Several lawmakers on Capitol Hill have urged...

  • Jan 6- The U.S. Food and Drug Administration approved the first dermal filler to treat scarring caused by acne, the most common skin disorder in the United States afflicting 40-50 million people. Bellafill, developed by privately held Suneva Medical Inc, is made primarily of bovine collagen. Ava Shamban, an assistant clinical professor of dermatology at UCLA, who...

  • Jan 6- The U.S. Food and Drug Administration approved the first dermal filler to treat scarring caused by acne, the most common skin disorder in the United States afflicting 40-50 million people. Bellafill, developed by privately held Suneva Medical Inc, has been developed to treat moderate to severe acne scars on the cheeks of patients over the age of 21..