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Government Agencies

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  • *Sunday's referendum shaping up as flash point for Greece. SYDNEY, July 2- The dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the Federal Reserve to lift interest rates sooner rather than later. The euro slipped to $1.1044, continuing to retreat from Monday's high of $1.1279.

  • RICHMOND, Va.— Dominion Virginia Power on Wednesday suggested how it may transition to new ways of generating energy, citing the uncertainty of new U.S. environmental rules. In a letter submitted to the SCC, Dominion executive Robert M. Blue said the 2015 plan arrives amid "a period of change and uncertainty," due in large part to U.S. Environmental Protection Agency...

  • WASHINGTON, July 1- The Federal Reserve and major banks are at odds over whether conditions in the U.S. bond market are deteriorating or merely in a temporary state of flux as investors adapt to new rules, with policymakers and lenders disagreeing over even basic metrics to assess the problem. Over the last week a majority of the Fed's five governors have spoken...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

  • NEW YORK— About 3,000 inflatable baby floats are being recalled because they can deflate, posing a risk that a child could drown. The U.S. Consumer Product Safety Commission said Wednesday that the seams on the floats, distributed by Otteroo Corp. of San Francisco, can leak air. They were sold on Otteroo.com, Amazon.com and Zulily.com between January 2014 and July...

  • United Airlines and Delta Airlines jets

    The DoJ is investigating whether airlines are colluding to grow at a slower pace as part of an effort to keep airfares high.

  • The civil antitrust investigation by the Justice Department appears to focus on whether airlines illegally signaled to each other how quickly they would add new flights, routes and extra seats. Justice Department spokeswoman Emily Pierce confirmed that the department is looking into potential "unlawful coordination" among some airlines.

  • Treasuries prices fell on Wednesday as hopes of a Greece debt deal pared safe-haven bids for U.S. government bonds and a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. Greek Prime Minister Alexis Tsipras has told international lenders his government could accept their bailout offer if some...

  • July 1- Bayer Healthcare said on Wednesday the U.S. Food and Drug Administration approved using transvaginal ultrasound as an alternate test to confirm if the company's Essure permanent birth control device has been placed properly. But since its approval in 2002, women using the device have sent the FDA more than 5,000 complaints, ranging from pain and...

  • Santelli Exchange: Will Greece strike a deal?

    Jim Bianco, Bianco Research president, joins CNBC's Rick Santelli to discuss the latest market action and Greece.

  • Because the products are not overseen by FDA regulators they could be contaminated or manufactured incorrectly. The agency notes that there are numerous FDA- approved ear drops, so "little or no impact on patients" is expected from removing the products from the market. Companies that want federal approval for their drugs must submit an FDA application for...

  • July 1- U.S. private employers ramped up their hiring in June, as a report by a payrolls processor on Wednesday showed businesses adding the greatest number of workers in six months, a further sign of labor market improvement that may allow the Federal Reserve to raise interest rates later this year. "The U.S. job machine remains in high gear," Mark Zandi, chief...

  • Treasuries prices fell on Wednesday as hopes of a Greece debt deal pared safehaven bids for U.S. government bonds and a stronger-than-expected report on private jobs growth revived bets on a Federal Reserve rate hike later this year. Greek Prime Minister Alexis Tsipras has told international lenders his government could accept their bailout offer if some...

  • NEW YORK, July 1- U.S. private employers added 237,000 jobs in June, the biggest gain since December, suggesting further improvement in the jobs market which may allow the Federal Reserve to raise interest rates later this year, a report by a payrolls processor showed on Wednesday. May private payroll gains were revised up to 203,000 from an originally reported...

  • *Chicago Board of Trade December corn fell 0.3 percent to $4.30-1/ 4 a bushel, having gained 7.3 percent the day before when prices marked $4.32-1/ 4 a bushel- their highest since Dec. 30, 2014. *The USDA forecast 88.897 million acres of corn has been planted, below trade estimates of 89.292 million acres. *The USDA pegged soybean plantings at 85.139 million acres, ahead...

  • WASHINGTON, June 30- The Federal Reserve is on track to raise interest rates this year, with September still "in play," a top Federal Reserve official said on Tuesday, despite growing market volatility and anxiety in the wake of Greece's debt default. Louis Fed President James Bullard shrugged off the impact of Greece's economic problems and said the Fed will...

  • CHICAGO, June 30- U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. U.S. corn and soybean stocks as of June 1 were up from a year ago, after record-large harvests last year, but below market forecasts due to...

  • June 30- The U.S. Food and Drug Administration said it is seeking additional data and comments on liquid nicotine as it considers warning the public about the dangers of its exposure amid a rise in electronic cigarette use. More Americans are using e-cigarettes and other vaporizing devices than a year ago, a Reuters/ Ipsos poll showed in June.

  • CHICAGO, June 30- U.S. grain and soybean futures jumped to their highest prices since January on Tuesday after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. U.S. corn and soybean stocks as of June 1 were up from a year ago, after record-large harvests last year, but below market forecasts due to heavy...