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  • FOOD AND DRUG ADMINISTRATION COMMISSIONER MARGARET HAMBURG TO STEP DOWN-SOURCE.

  • WASHINGTON, Feb 4- U.S. federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments banned in the United States, the Wall Street Journal reported, citing people familiar with the investigation. UBS, which paid $780 million in 2009 to settle a separate Justice Department tax-evasion probe, is now...

  • Federal Communications Commission Chairman Tom Wheeler, in an op-ed on Wired.com, said he sought the "strongest open Internet protections ever proposed by the FCC" that would apply, for the first time, to both wireless and wired Internet services providers. Wheeler on Thursday will share his latest plan with other FCC commissioners. The five-member FCC will...

  • COLUMBUS, Ohio, Feb 4- Only a broad decline in U.S. inflation measures and slower economic growth would prompt Cleveland Federal Reserve President Loretta Mester to back off her recommendation for an interest rate hike in the first half of the year, she said on Wednesday. The recovery is deeply rooted, with labor markets steadily improving, households and...

  • WASHINGTON, Feb 4- The Federal Reserve should likely raise interest rates in the first half of this year to account for an economic recovery that continues to build momentum, Cleveland Federal Reserve President Loretta Mester said on Wednesday. "There are accumulating signs that the economy is building momentum and that, this time, a pick-up in speed will be...

  • WASHINGTON, Feb 4- The U.S. State Department official leading negotiations with the Cuban government said on Wednesday the United States is not considering returning the U.S. Naval Base at Guantanamo Bay to Havana as it discusses improved ties. "The issue of Guantanamo is not on the table in these conversations," Roberta Jacobson, the assistant secretary of State...

  • Federal Communications Commission Chairman Tom Wheeler, in an op-ed published on Wired.com, said he aims to establish the "strongest open Internet protections ever proposed by the FCC" that would apply, for the first time, to both wireless and wired broadband providers. The five-member FCC is slated to vote on the proposed rules on Feb. 26. Comcast Corp, Verizon...

  • Feb 4- The U.S. Food and Drug Administration has approved Cohera Medical Inc's tissue adhesive for internal use during surgery, the first approval of its kind. The product, TissuGlu, is used to connect flaps of tissue made during surgery to remove excess fat and skin or to restore weakened or separated abdominal muscles. Using the synthetic adhesive will help...

  • WASHINGTON, Feb 4- The Federal Reserve continues to consider ways to ease the regulatory burden on small financial institutions, a top Fed official said on Wednesday, though the U.S. central bank is limited in how much it can tailor the rules. The Fed's efforts to provide regulatory relief comes amid a growing volume of complaints from the community banking...

  • DIARY- Top Economic Events to Feb 17 Tuesday, 3 Feb 2015 | 7:01 PM ET

    CALIFORNIA- Andrew Gracie, Bank of England's executive director for resolution, speaks at the FIA-SIFMA asset management derivatives forum- 1200 GMT. COLUMBUS- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economy before the Ohio Bankers League annual economic summit- 1745 GMT. LONDON- Bank of England holds monetary policy...

  • Feb 3- Discount store chain Dollar Tree Inc said it may have to divest more than the 300 stores it had expected, to buy Family Dollar Stores Inc, as U.S. antitrust regulators were reviewing more than 500 of its stores. The U.S. Federal Trade Commission may identify more stores for review in the future and the number of stores Dollar Tree may have to shed could increase,...

  • Feb 3- The U.S. Food and Drug Administration on Tuesday said it had approved Pfizer Inc's experimental breast cancer drug Ibrance, a regulatory decision that came more than two months earlier than expected. Wall Street has considered the drug, whose chemical name is palbociclib, to be one of the most promising medicines in Pfizer's development pipeline.

  • WASHINGTON, Feb 3- The Federal Reserve Bank of New York plans to overhaul how it calculates the effective federal funds rate as part of a push to improve the information available on overnight bank lending. In an announcement on Monday the New York Fed said the new system would rely less on reports from brokers and more on transaction data collected from banks.

  • WASHINGTON, Feb 3- The U.S. environmental regulator urged the State Department to weigh plunging oil prices in its forthcoming recommendation on the Keystone XL oil pipeline, saying such a drop could mean the project will lead to higher greenhouse gas emissions. The State Department's review last year found that oil sands production "is expected to be most...

  • EXCLUSIVE-The FAA: regulating business on the moon Tuesday, 3 Feb 2015 | 7:00 AM ET

    The Federal Aviation Administration, in a previously undisclosed late-December letter to Bigelow Aerospace, said the agency intends to "leverage the FAA's existing launch licensing authority to encourage private sector investments in space systems by ensuring that commercial activities can be conducted on a non-interference basis."

  • DIARY- Top Economic Events to Feb 13 Monday, 2 Feb 2015 | 7:01 PM ET

    NEWARK, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on "U.S. and International Economies and Monetary Policy" before the 10th Annual Delaware Economic Forecast hosted by the University of Delaware- 1500 GMT. Treasury Secretary Jack Lew testifies before the House Ways and Means Committee on the President's Budget Proposal...

  • Feb 2- The United States Department of Justice has decided not to prosecute News Corp or its sister company Twenty-First Century Fox after completing an investigation of scandals in Great Britain involving phone hacking and alleged bribery of public officials. The end of the probe, disclosed by News Corp in a regulatory filing on Monday, comes after the U.S....

  • WASHINGTON, Feb 2- Japan's Minebea Co Ltd has agreed to plead guilty to fixing the prices of ball bearings and to pay a $13.5 million criminal fine, the U.S. Justice Department said on Monday. Minebea's plea brings to 34 the number of companies which have been charged with fixing prices of auto parts in the United States. Other auto parts companies that have settled...

  • The State Department said in a statement its role had ended because "a voluntary mediation process could not be established since Nissan was not willing to participate," with the State Department's National Contact Point, which works to further the Organization for Economic Co-operation and Development's guidelines in the United States.

  • Feb 2- The U.S. Food and Drug Administration approved a drug developed by Eli Lilly and Co and Boehringer Ingelheim Pharmaceuticals Inc to improve blood sugar control in type-2 diabetes patients, the companies said. "Half of people with type-2 diabetes do not achieve recommended blood sugar control, making new treatment options more important than ever," Eli...