Since 1997, FDA has operated under a proposed rule that allows food manufacturers to get new food additives onto the market by notifying FDA that they are generally recognized as safe. In February, the non-profit Center for Food Safety sued FDA, alleging that the agency failed to follow legal rulemaking requirements. "For more than 17 years, FDA has imposed a lax...» Read More
"The Fed may get more raucous about what to do next as tapering draws to a close," Alan Blinder, a banking industry consultant and economics professor at Princeton University said in a speech to the Investment Management Consultants Association in Boston.
DALLAS, May 4- The Federal Reserve will likely bring its massive bond-buying program to an end in October, and only after that will it consider when to raise U.S. interest rates, a top Fed official said on Sunday. "I personally expect us to end that program in October," Dallas Federal Reserve Bank President Richard Fisher said in an interview on Fox News.
May 2- Slightly less than half the economists at Wall Street's top firms continue to expect the Federal Reserve will raise interest rates in the first half of 2015 following news the economy in April created the most monthly jobs in over two years, a survey showed on Friday.
May 2- The U.S. Treasury Department said on Friday that the Internal Revenue Service this year and next will take into account "good faith efforts" by foreign banks to comply with a new U.S. anti-tax evasion law set to take effect on July 1.
WASHINGTON, May 2- U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year. Nonfarm payrolls surged 288,000 last month, the Labor Department said on Friday.
May 2- Acorda Therapeutics Inc said the U.S. Food and Drug Administration rejected its nasal form of the current standard therapy for epilepsy patients who experience repetitive seizures.
We're moving in the right direction but we got a lot more work to do, says U.S. Labor Secretary Thomas Perez, discussing Friday's better-than-expected jobs numbers.
May 2- Acorda Therapeutics Inc said the U.S. Food and Drug Administration rejected its nasal spray to treat epilepsy patients who experience repetitive seizures. The drugmaker did not disclose the reason for the rejection, but said it planned to resubmit the application for the treatment.
WASHINGTON, May 1- After weeks of public outcry, Netflix Inc brought its concerns about Internet neutrality directly to U.S. regulators this week in meetings with Federal Communications Commission staff, according to sources familiar with the matter.
*May Day holiday mutes trading volume in Europe, Asia. Federal Reserve reiterated confidence on its economic outlook despite the slim 0.1 percent growth in U.S. gross domestic product in the first three months of 2014. "Internet is the place to be today," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, Texas.
NEW YORK, May 1- The U.S. National Transportation Safety Board urged the Federal Aviation Administration on Thursday to audit Alaska- based charter air carriers owned by HoTH Inc, following a series of accidents and incidents since September 2012 that led to multiple fatalities.
NEW YORK/ LONDON, May 1- Gold fell on Thursday on fresh outflows from gold exchange-traded funds, extending losses from the previous day when the Federal Reserve reinforced its view in the U.S. economy's prospects and reduced its monthly bond purchases, as expected.
WASHINGTON, May 1- The online auction company eBay Inc has settled a lawsuit with the U.S. Justice Department by agreeing to refrain from making deals with other technology companies to not poach employees, according to court papers filed on Thursday.
LONDON, May 1- Gold fell on Thursday, a day after the Federal Reserve announced a further cut to its extraordinary stimulus measures and reiterated its confidence in the U.S. economic outlook, despite a weak reading of first-quarter growth.
LONDON, May 1- Aluminium and copper slipped on Thursday as the U.S. central bank withdrew more stimulus and after disappointing data on factory activity in top metals consumer China. China will also be closed on Friday while the London Metal Exchange will be shut on Monday.
April 30- The Fed charged ahead with its taper Wednesday; pity about all the evidence. I don't usually like to quote from FOMC statements, which are designed to be boring, but check this out:. "Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently".
*Twitter hits record intraday low, eBay also down after results. NEW YORK, April 30- U.S. stocks rose and the Dow ended at a record high on Wednesday after the Federal Reserve gave an upbeat view of the economy's prospects as it announced another cut to its bond-buying program.
WASHINGTON/ SAN FRANCISCO, April 30- The Federal Reserve Board gathered to discuss "medium-term monetary policy" hours before the Fed's broader policymaking group began its regular two-day meeting on Tuesday, a hint that changes to the U.S. central bank's exit strategy may be in the offing.
*Twitter hits record intraday low, eBay also down after results. NEW YORK, April 30- The Dow and S&P 500 added to gains while the Nasdaq turned positive on Wednesday after the Federal Reserve gave an upbeat assessment of the economy's prospects as it announced another cut in its massive bond-buying program.
NEW YORK/ LONDON, April 30- Gold fell on Wednesday after the U.S. Federal Reserve reduced its monthly bond purchases by another $10 billion, a sign of its confidence in the economy's health, disappointing bullion investors who had expected the central bank to slow tapering.