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  • NEW YORK— Sunbeam is recalling about 34,000 Holmes- branded space heaters because they can spray hot oil and possibly cause household damage or injuries. The U.S. Consumer Product Safety Commission said Sunbeam received about 40 reports of hot oil spraying out and causing property damage. The heaters were sold at Target stores and small department stores...

  • Labor board again accuses UPMC of anti-union tactics Thursday, 29 Jan 2015 | 12:59 PM ET

    PITTSBURGH— The National Labor Relations Board has again accused the University of Pittsburgh Medical Center of engaging in anti-union tactics. The complaint was announced Thursday by the Service Employees International Union, which has been trying for years to unionize some 3,500 non-clinical employees. But Maryanne Williams, who works as a medical...

  • The regulator's decision, which comes in over two months ahead of its review date, represents a fourth indication for the drug, sold by Johnson& Johnson and Pharmacyclics Inc. Although WM occurs only in up to 1,500 patients in the United States each year, the approval highlights the strength of the Imbruvica franchise, Roth Capital Partner's Joseph Pantginis...

  • FDA expands use of Imbruvica to treat rare form of cancer Thursday, 29 Jan 2015 | 11:29 AM ET

    Jan 29- The U.S. Food and Drug Administration said it cleared an expanded use of Imbruvica to treat Waldenström's macroglobulinemia, a rare form of cancer that begins in the body's immune system. The approval represents a fourth indication for the drug, sold by Johnson& Johnson and Pharmacyclics Inc, since its initial approval in November 2013.

  • Fed could wait until September to lift rates -BlackRock Thursday, 29 Jan 2015 | 10:47 AM ET

    NEW YORK, Jan 29- The U.S. "Using words such as solid growth and strong employment gains would allow the Fed to continue down previously telegraphed mid-year lift-off, but recognizing the near-term softness in inflation, combined with referencing international conditions, provides the central bank with the ability to wait until September to begin the...

  • Census: 1 in 5 children on food stamps Thursday, 29 Jan 2015 | 10:14 AM ET

    Numbers released by the Census Bureau Wednesday as part of its annual look at children and families show that one in five children were on food stamp assistance in 2014. The survey was taken last spring. The number of people receiving food stamps— now called the Supplemental Nutrition Assistance Program, or SNAP— spiked through the recession and has stayed at a...

  • New Jersey dispensary workers file unfair labor charges Thursday, 29 Jan 2015 | 8:53 AM ET

    United Food and Commercial Workers Union Local 152 says a majority of the 11 employees at the Compassionate Care Foundation in Egg Harbor Township have filed unfair labor practice charges with the National Labor Relations Board. Brian String, the president of Local 152, told The Philadelphia Inquirer that the dispensary was using "tricks from the usual...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- European stocks slipped and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signalled it was on track to raise interest rates this year. Greece, where an anti-austerity prime minister took over on Monday, also kept investors...

  • LONDON, Jan 29- Gold prices dropped for the fourth session in five on Thursday, losing as much as 1 percent as the dollar firmed after the Federal Reserve signalled it was on track to lift interest rates this year. Gold had been boosted by increased central bank liquidity and low interest rates in the years after the 2008 credit crisis. Gold had hit a five-month high...

  • LONDON, Jan 29- Copper, nickel and other metals prices fell on Thursday on worries about excess supplies and after U.S. central bank authorities gave more signals of a looming rate hike which could tighten market liquidity. "Macro forces are largely dominating the market today, and over the near term, market attention will remain fixated on Greece and the Fed," said...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year. Greece, where a radical leftist prime minister took over on Monday, also kept investors...

  • FOREX-Dollar firm post-Fed, franc eyed for intervention Thursday, 29 Jan 2015 | 4:12 AM ET

    LONDON, Jan 29- The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year. That prodded U.S. bond yields lower, but the overall picture, of a steadily improving U.S. economy while Europe and Japan remain mired...

  • JGBs mostly flat, superlong zone underperforms Thursday, 29 Jan 2015 | 3:04 AM ET

    TOKYO, Jan 29- Benchmark Japanese government bonds were mostly flat on Thursday, while the superlong tenor was slightly weaker even as plunging stocks put a floor under bond prices. Japan's Nikkei stock average shed 1.1 percent after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates...

  • ATLANTA, Jan 29- The U.S. Centers for Disease Control and Prevention has introduced camera monitoring of workers in its highest-level biosafety laboratories as it seeks to restore public faith in its procedures after a series of mishaps, agency officials tell Reuters. Since last June, the Atlanta- based agency has disclosed several incidents, one in which...

  • TOKYO, Jan 29- Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year despite an uncertain global outlook. Japan's Nikkei slipped 0.4 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan extended its drop and...

  • SINGAPORE, Jan 29- Gold dropped for the fourth session in five on Thursday after the Federal Reserve painted a bullish picture of the U.S. economy, signalling it was on course to lift interest rates this year. "People are already adjusted to the new policy stance and there's no further reason to push up gold to a much higher level," said Mark To, head of research at Hong...

  • MELBOURNE, Jan 29- London Metal Exchange metals contracts soured on Thursday after the Federal Reserve signaled it would stick to plans for a rate hike this year, drawing back liquidity that has underpinned metals. *Three-month copper on the London Metal Exchange slid 1.1 percent to $5,425.50 a tonne by 0108 GMT, quashing an advance from the previous session and...

  • TOKYO, Jan 29- Asian shares retreated on Thursday after the Federal Reserve unexpectedly lifted its view on the economy, signalling that the U.S. central bank remains firmly on track with plans to raise interest rates this year. "The markets were a bit surprised that the Fed was more hawkish than expected, especially considering that many people had thought that...

  • DIARY- Top Economic Events to Feb 11 Wednesday, 28 Jan 2015 | 7:01 PM ET

    FAIRFAX, United States- Federal Reserve Board Governor Daniel Tarullo speaks on "Advancing Macroprudential Policy Objectives" before the Office of Financial Research and Financial Stability Oversight Council 4th Annual Conference: Evaluating Macroprudential Tools: Complementarities and Conflicts "- 1745 GMT. SARASOTA, United States- Federal Reserve...

  • SYDNEY, Jan 29- The New Zealand dollar slumped to four-year lows on Thursday as investors priced in a greater chance of rate cuts there, while U.S. dollar bulls focused on the positive in the Federal Reserve's latest policy statement. The kiwi skidded to $0.7320 after the Reserve Bank of New Zealand opened the door to a possible cut in rates, having only last month...