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  • WASHINGTON, Nov 26- Switzerland's Novartis AG has agreed to sell its nicotine patch, Habitrol, in order to win U.S. antitrust approval for a consumer healthcare joint venture with Britain's GlaxoSmithKline, the U.S. Federal Trade Commission said on Wednesday. The deal is part of a three-way transaction unveiled in April, which includes GSK buying Novartis'...

  • Bristol-Myers: FDA blocks hepatitis C drug for now Wednesday, 26 Nov 2014 | 1:37 PM ET

    U.S. regulators have declined to approve Bristol-Myers Squibb's daclatasvir as part of a combination hepatitis C treatment with another antiviral drug called asunaprevir. The FDA then requested more data on the effects of daclatasvir in combination with other drugs for treating hepatitis C, currently one of the hottest areas in drug research.

  • Bristol-Myers said it had initially sought permission from the U.S. Food and Drug Administration to market the drug, a so-called NS5A inhibitor, in combination with asunaprevir, one of the New York- based company's experimental medicines. But Bristol-Myers abandoned its U.S. marketing application for asunaprevir in October because of potential...

  • FDA declines to approve Bristol-Myers hepatitis drug Wednesday, 26 Nov 2014 | 11:56 AM ET

    Nov 26- Bristol-Myers Squibb Co on Wednesday said U.S. regulators had declined to approve use of its experimental daclatasvir drug for hepatitis C, in combination with other antiviral drugs.

  • A sensor failure could cause the plane to go off the runway while landing on a short runway or in adverse weather, the FAA said in a proposed airworthiness directive scheduled to be published on Friday. The directive, if adopted, would affect 15 planes registered in the United States, the FAA said. FAA actions are often followed by non-U.S. airlines.

  • Under pressure, U.S. EPA seeks tighter ozone standards Wednesday, 26 Nov 2014 | 7:36 AM ET

    WASHINGTON, Nov 25- The U.S. Environmental Protection Agency is proposing more stringent air quality standards for ground-level ozone, the main culprit in smog, the agency's chief said on Wednesday. The tougher standards would be closer to the proposal drafted in 2011 by former EPA Administrator Lisa Jackson, which was withdrawn by President Barack Obama...

  • Two FBI agents shot at barricaded home near Ferguson Wednesday, 26 Nov 2014 | 5:15 AM ET
    Police move to clear the streets of protestors and media during continued protests in Ferguson, Mo. on November 25, 2014.

    Two FBI agents were shot at a barricaded home just miles from the protest-wracked St. Louis suburb of Ferguson early Wednesday, police said.

  • WASHINGTON, Nov 25- The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system. "GE Capital has been preparing for the enhanced regulatory standards provided for in the Dodd-Frank Act," company spokesman...

  • Judge: FEC improperly narrowed disclosure rules Tuesday, 25 Nov 2014 | 5:19 PM ET

    WASHINGTON— The Federal Election Commission impermissibly narrowed disclosure requirements for corporations and labor organizations that finance electioneering communications, the political ads that run close to an election, a federal judge ruled Tuesday. District Judge Amy Berman Jackson said the commission initiated a rulemaking in response to a...

  • WASHINGTON, Nov 25- The United States is in the midst of renewing its 35- year-old commitment to supply Israel with oil in emergency situations after the pact expired on Tuesday, a U.S. State Department official said. The United States "is in close contact with the government of Israel on extending the longstanding memorandum of understanding" between the two...

  • "The changed outlook is largely the result of declines in expected crop prices, reducing crop cash receipts from the August forecasts," the USDA said. The USDA currently forecasts average 2014/ 15 farm prices of $3.50 per bushel for corn, the largest U.S. crop; in August its forecast was $3.90. Over time, lower feed prices should kick in, given the slide in grain prices,...

  • FEDERAL TRADE COMMISSION SETTLES WITH SONY COMPUTER ENTERTAINMENT, AD AGENCY REGARDING FALSE ADVERTISING OF PLAYSTATION VITA HANDHELD GAMING CONSOLE.

  • WASHINGTON, Nov 25- Sony Computer Entertainment has agreed to settle allegations that it misled consumers about features of its PlayStation Vita handheld gaming console, the Federal Trade Commission said on Tuesday. As part of the settlement, Sony will stop making the inaccurate claims and will give people who had purchased the device either a $25 refund or...

  • U.S. farm sector profits slump as expenses rise - USDA Tuesday, 25 Nov 2014 | 11:32 AM ET

    WASHINGTON, Nov 25- Net farm income in the United States is now forecast to be $96.9 billion, down 21 percent from a year ago and the lowest since 2010, the U.S. Department of Agriculture said on Tuesday. The 2014 forecast was revised down sharply from $113.2 billion in August. The USDA said falling crop receipts and rising livestock receipts largely offset each...

  • FARM SECTOR PROFITABILITY WEAKENS IN 2014; NET FARM INCOME FORECAST AT $96.9 BLN, DOWN 21 PERCENT ON YEAR- USDA.

  • Sorkin: Senator Warren’s misplaced rage Tuesday, 25 Nov 2014 | 8:17 AM ET
    Senator Elizabeth Warren

    Sen. Elizabeth Warren misunderstands the Burger King-Tim Hortons inversion deal, Andrew Ross Sorkin says.

  • New FDA rules will put calorie counts on menus Tuesday, 25 Nov 2014 | 3:43 AM ET
    Water menu at Ray's and Stark in Los Angeles.

    Whether they want to or not, consumers will soon know how many calories they are eating when ordering off the menu at chain restaurants.

  • New FDA rules will put calorie counts on menus Monday, 24 Nov 2014 | 7:59 PM ET

    WASHINGTON— Counting your calories will become easier under new government rules requiring chain restaurants, supermarkets, convenience stores— and even movie theaters, amusement parks and vending machines— to post the calorie content of food "clearly and conspicuously" on their menus. The Food and Drug Administration plans to announce the long-delayed...

  • Bayer: FDA will speed review of 2 respiratory meds Monday, 24 Nov 2014 | 5:51 PM ET

    WHIPPANY, N.J.— Two medicines Bayer HealthCare Pharmaceuticals Inc. is testing for respiratory disorders will get priority review by U.S. regulators and other benefits under a 2012 program to boost development of new antibiotics. Bayer HealthCare, based in Whippany, New Jersey, said Monday the Food and Drug Administration has designated two of its...

  • SAN FRANCISCO, Nov 24- A rule that some U.S. lawmakers want the Federal Reserve to follow when setting monetary policy is now giving conflicting signals on where interest rates should be, a San Francisco Fed study published on Monday showed. The so-called Taylor rule, named after its author Stanford University professor John Taylor, delivers an estimate for the...