Nov 26- The U.S. Food and Drug Administration rejected Avanir Pharmaceuticals Inc's migraine drug device, a few weeks after the regulator had raised questions regarding some data submitted as part of the marketing application. Earlier this month the FDA had asked Avanir to assess the root cause of errors observed in the data from the drugmaker's human factors...» Read More
*Treasury debt losses limited by Iraq tensions. Treasury debt prices slid on Friday, pressured by sharp losses in UK bonds after Bank of England Governor Mark Carney said interest rates could rise sooner than expected, as well as expectations of an imminent rate hike from the Federal Reserve.
*Iraq fighting underpin traditionally safe-haven yen. TOKYO, June 13- The dollar edged up from two-week lows against the yen in Asian trading on Friday, but remained subdued as conflict in Iraq escalated and downbeat U.S. economic data gave investors no reason to believe the Federal Reserve will be raising interest rates anytime soon.
*Iraq tensions underpin traditionally safe-haven yen. TOKYO, June 13- The dollar steadied in Asian trading on Friday but remained near two-week lows against the yen after tensions rose in Iraq and downbeat U.S. economic data gave investors no reason to believe the Federal Reserve will be raising interest rates anytime soon.
WASHINGTON, June 12- Ford Motor Co has agreed to correct its fuel economy estimates for six car models to correct errors found in an internal company audit, the U.S. environmental regulator said on Thursday.
In his first major speech devoted fully to cybersecurity, Federal Communications Commission Chairman Tom Wheeler urged the private sector to "step up to assume new responsibility and market accountability for managing cyber risks" before the FCC weighs a regulatory approach to the problem.
WASHINGTON, June 12- An advisory committee to the U.S. Food and Drug Administration recommended on Thursday that the agency not require large cardiovascular safety trials for a class of drugs used to treat opioid-induced chronic constipation.
*Yen gains ahead of Bank of Japan meeting. NEW YORK, June 12- The dollar slipped for a second straight session against a basket of major currencies on Thursday after U.S. retail sales and weekly jobless claims data showed weakness in the economy and curbed speculation of a hawkish stance from the Federal Reserve.
June 12- Geron Corp said the U.S. Food and Drug Administration lifted a partial clinical hold on a study testing its drug for myelofibrosis, a type of blood cancer, sending its shares soaring about 31 percent in premarket trading. Patient enrollment in the trial, sponsored by Mayo Clinic, was halted in March over concerns of liver toxicity.
June 12- Geron Corp said the U.S. Food and Drug Administration lifted a partial clinical hold on a study testing its blood cancer drug, imetelstat, sending its shares soaring about 34 percent in premarket trading. Patient enrollments in the trial, sponsored by Mayo Clinic, were halted in March over concerns of liver damage.
ASHEVILLE, N.C., June 11- A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the global financial crisis.
WASHINGTON/ NEW YORK, June 11- The U.S. Justice Department is spending some of the $13 billion JPMorgan Chase& Co agreed to pay to settle claims stemming from mortgage misdeeds to speed up similar punishments against other lenders, possibly including Bank of America Corp and Citigroup, according to people familiar with the matter.
The federal workforce is getting older, and that may spell trouble for the government.
*Yen advances on few signs of Bank of Japan easing. NEW YORK, June 11- The dollar slipped broadly on Wednesday for the first time in four sessions after traders dismissed expectations of an early Federal Reserve rate hike as premature, while the yen advanced on few signs of further easing from the Bank of Japan.
June 11- Orexigen Therapeutics Inc said the U.S. Food and Drug Administration delayed a decision on the marketing application for its obesity drug by three months, sending the company's shares down about 19 percent in premarket trading.
June 11- As the U.S. Environmental Protection Agency rolls out tough new rules designed to slash power plant emissions, Consol Energy Inc is showcasing its transformation from a coal miner to a producer of cleaner-burning natural gas. "The more information we can get, the better," said Clarkson Capital Markets analyst Jeremy Sussman.
June 11- Orexigen Therapeutics Inc said the U.S. Food and Drug Administration delayed its decision on the marketing application of its obesity drug, contrave, by three months, sending its shares down about 12 percent in premarket trading.
Federal Reserve advanced in the Senate on Tuesday, along with two other nominees to the U.S. central bank, setting the table for their expected confirmation later this week.
*Market starting to focus on rate-hike timing. NEW YORK, June 10- U.S. benchmark 10- year yields scaled one-month peaks on Tuesday, as investors have started to price in the prospect of higher interest rates following recent upbeat U.S. economic data and hawkish comments from Federal Reserve officials.
WASHINGTON, June 10- U.S. regulators recommended on Tuesday that pregnant women, nursing mothers and women who might become pregnant increase the amount of low-mercury fish they eat to between eight and 12 ounces a week as they issued a long-awaited draft update to their advice on mercury levels in seafood.
WASHINGTON, June 10- The U.S. Commodity Futures Trading Commission has reached an agreement in principle to settle its oil manipulation case against Arcadia Petroleum and Parnon Energy, taking a step closer to ending a high-profile, years-long lawsuit.