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  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • The Federal Communications Commission is expected to vote on June 18 to begin the process of revamping the $1.7 billion program, called Lifeline, which has helped poorer Americans get access to telecommunications technologies since 1985.. FCC Chairman Tom Wheeler wants to give those receiving the subsidy a choice of using it for phone services, high-speed...

  • WASHINGTON, May 28- The U.S. Food and Drug Administration on Thursday approved the first drug to treat a rare, progressive lung disease that mainly affects women of childbearing age. The drug, Rapamune, known chemically as sirolimus, is made by Pfizer Inc and is designed to treat lymphangioleiomyomatosis, a disease that causes lung damage and affects only two to...

  • The Federal Communications Commission will vote on June 18 on proposed changes to the $1.7 billion program, called Lifeline, which is funded through fees paid by landline and cellphone users. FCC Chairman Tom Wheeler on Thursday circulated to the rest of the commission a list of changes to the program, seeking to increase the minimum standards for phone and...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement, Teva, which bought Cephalon in 2012, agreed to pay $1.2 billion to refund...

  • Teva to pay $1.2 billion in drug-delay settlement Thursday, 28 May 2015 | 11:07 AM ET

    WASHINGTON— Federal regulators announced Thursday that Teva Pharmaceuticals Industries will pay $1.2 billion to settle charges that one of its subsidiaries illegally blocked the launch of low-cost generic versions of the blockbuster sleeping pill Provigil. But Federal Trade Commission officials have argued for over a decade that the agreements keep...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement with regulators, Teva, which bought Cephalon in 2012, agreed to pay $1.2...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit over the sleep disorder drug Provigil, the Federal Trade Commission said on Thursday. Cephalon had been accused by the FTC of illegally protecting its monopoly on Provigil by...

  • San Francisco Fed President John Williams made the remarks at a symposium on Asian banking and finance in Singapore.

  • "The House cannot sue the executive branch over the implementation of existing federal law," Justice Department attorney Joel McElvain told U.S. At issue are payments to insurance companies not expressly appropriated by Congress but being made by the administration, anyway. "We believe we have established what can only be viewed as a concrete injury," George...

  • SINGAPORE, May 28- A top Federal Reserve official on Thursday dove into the simmering global debate over how best to protect against future financial crises, arguing that interest rate hikes are not the answer, even as a last resort. "Despite the clear need to consider all potential tools to avoid a financial crisis, I am unconvinced that monetary policy is one of...

  • GOLETA, California— Two federal agencies issued an order Wednesday to ensure that Plains All American Pipeline finishes the cleanup of what they call the largest coastal oil spill in California in 25 years. The Environmental Protection Agency and the Coast Guard issued the joint Clean Water Act order to ensure the cleanup of heavy crude on land, at the...

  • FCC takes aim at annoying telemarketing calls Wednesday, 27 May 2015 | 3:01 PM ET

    The head of the Federal Communications Commission circulated a proposal Wednesday designed to close loopholes, reaffirm current anti-robocall rules, and encourage wireless and wireline carriers to do more to fight against unwanted telemarketing calls and spam text messages to consumers. "We are giving the green light for robocall-blocking technology,"...

  • Tax returns compromised? What steps to take now Wednesday, 27 May 2015 | 2:41 PM ET
    The Internal Revenue Service building in Washington.

    Criminals have some financial data on more than 100,000 taxpayers. Here's how to protect yourself.

  • WASHINGTON, May 27- Many Americans are not financially prepared for retirement, with almost a third of working adults without savings or a pension, according to a Federal Reserve survey published on Wednesday. The survey, which was conducted in October and November last year on behalf of the Fed board, also found that among lower-income respondents, whose...

  • PHOENIX— Hopi tribal leaders and Arizona's members of Congress are asking U.S. law enforcement to stop the sale of about a dozen sacred Hopi artifacts at a Paris auction house in June. The Hopi Tribe contends the auction house is illegally selling the spiritual objects, known as Katsina Friends, and is urging U.S. Department of Justice and the FBI to help recover...

  • WASHINGTON, May 27- The U.S. Consumer Product Safety Commission on Wednesday said Office Depot Inc has agreed to pay $3.4 million in fines over its failure to report defects in two models of office chairs. Office Depot received complaints that the chairs' seat backs failed, causing back injuries, the regulator said. The company neither admitted nor denied the...

  • FEDERAL AVIATION ADMINISTRATION SAYS STUDYING EMOTIONAL AND MENTAL HEALTH OF U.S.

  • Florida leads nation in number of new self-employed jobs Wednesday, 27 May 2015 | 11:12 AM ET

    ORLANDO, Fla.— Florida created more jobs with people working for themselves than any state in the nation, according to figures released Wednesday by the U.S. Census Bureau, but the reason may have more to do with underemployment than anything else. But given Florida's below-average ranking in earnings and weekly hours worked, the increase in self-employed jobs...

  • New federal rules on stream protection hailed, criticized Wednesday, 27 May 2015 | 10:02 AM ET

    The White House said the rules would provide much-needed clarity for landowners, but some Republicans and farm groups said they go much too far. The rules, issued by the Environmental Protection Agency and the U.S. Army Corps of Engineers, are designed to clarify which smaller waterways fall under federal protection after two Supreme Court rulings had left the...