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White House Government Agencies

  • Sept 22- The U.S. Food and Drug Administration has declined to approve Johnson& Johnson's rheumatoid arthritis drug sirukumab, saying additional clinical data is needed to further evaluate its safety, the company said on Friday. The FDA's decision is in keeping with an advisory panel's recommendation in August that the FDA reject the drug.

  • OKLAHOMA CITY, Sept 22- Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price increases is trivial, or the result of global forces that could permanently throw off the Fed's policy calculus. The resolution of that debate will be...

  • OKLAHOMA CITY, Sept 22- Dallas Federal Reserve Bank President Robert Kaplan said on Friday he remains "open-minded" on a December rate increase but remains concerned current weak inflation may be the result of hard-to-counter structural trends. The Fed indicated after its latest policy meeting this week it was still ready to raise rates in December even as Fed...

  • This photo taken on on August 21, 2014, shows volunteers from the 'Border Angels' placing crosses on the graves of unidentified illegal immigrants who died crossing the US-Mexico border at a cemetery near Holtville, California.

    There's been a significant increase in the chances of dying in an illegal border crossing over the past two decades, ProPublica reports.

  • Traders, however, said the upswing was unlikely to be extended in the coming days, amid speculation that the Federal Reserve will raise interest rates once more this year and escalating geopolitical tensions tied to North Korea. Currencies from Brazil, Mexico and Colombia strengthened between 0.4 percent and 0.7 percent, rebounding from the previous day's...

  • WASHINGTON, Sept 22- The U.S. Commodity Futures Trading Commission ordered Merrill Lynch, Pierce, Fenner& Smith Inc to pay a $2.5 million civil penalty on Friday for record-keeping violations and failing to properly supervise its traders in 2010.. The settlement followed probes in 2009 and 2010 by CME Group into the firms trading in U.S. dollar interest rate...

  • WASHINGTON, Sept 22- SolarCity will pay $29.5 million to settle a long-running investigation into allegations it violated federal law by submitting inflated claims to the government through a popular stimulus program set up during the Obama administration, the U.S. Justice Department said Friday. In a statement, the company denied all of the allegations in...

  • INTERNATIONAL TRADE COMMISSION FINDS HARM TO U.S.

  • WASHINGTON, Sept 22- SolarCity has agreed to $29.5 million to settle U.S. allegations that it had violated federal law "by submitting inflated claims" to the federal government, the U.S. Justice Department said in a statement on Friday.

  • SHANGHAI, Sept 22- China's yuan firmed against the U.S. dollar on Friday as the greenback pared gains made following the Federal Reserve's hawkish policy statement and as investors took the latest Chinese sovereign rating downgrade in their stride. Prior to market opening on Friday, the People's Bank of China raised its official midpoint for the first time in...

  • WASHINGTON, Sept 21- Employees of the U.S. Environmental Protection Agency received training this week to prevent leaks to the media of classified and sensitive information as part of a White House- directed crackdown across federal agencies to stamp out leaks, according to a slide presentation seen on Thursday by Reuters. At the training event, employees...

  • *Norway's central bank signals quicker path to rate hike. It is just telling in terms of where the sentiment is for the U.S. dollar, "said Erik Nelson, currency strategist at Wells Fargo Securities in New York. "Yes, the Fed has just told us they are going to continue tightening policy, but the likes of the European Central Bank, the Bank of Canada and even the Bank of...

  • *Also plans to trim asset holdings in $4.2 trillion portfolio. NEW YORK/ LONDON, Sept 21- Gold fell about 1 percent to its lowest in nearly four weeks on Thursday, shrugging off further weakness in the dollar, after the Federal Reserve signalled it was on track to raise U.S. interest rates again in December. Spot gold was down 0.7 percent at $1,291.46 an ounce since late...

  • Sept 21- U.S. stock indexes were trading lower on Thursday, weighed down by Apple and rising expectations for a third interest rate hike this year. Federal Reserve would raise rates again this year and were also assessing the impact of the central bank's decision to start reducing its roughly $4.2 trillion U.S. With investors reacting to the signal for another...

  • Vox: How Rex Tillerson failed the State Department

    His tenure, observers say, has been an unmitigated disaster, writes Vox's Zack Beauchamp.

  • NEW YORK/ WASHINGTON, Sept 21- From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans worried that the central bank's massive bond-buying programs and near-zero interest rates engineered by her predecessor would be the ruin of the country. With little more than four months left in her term and questions...

  • The FDA warning comes two weeks after Intercept gave healthcare providers prescribing information for Ocaliva and flagged reports of liver failure and deaths. Nineteen deaths and 11 cases of serious liver injury were associated with the use of Ocaliva, the FDA said. "FDA's narrative about the high number of deaths and worsening of PBC cases strikes us as...

  • Sept 21- The U.S. Food and Drug Administration warned on Thursday that Intercept Pharmaceuticals Inc's drug Ocaliva was being incorrectly dosed in some patients with a rare liver disease, increasing the risk of liver injury and death. The U.S. drugmaker's shares fell 8.7 percent to $89.54 in afternoon trading. The FDA said some patients were receiving higher...

  • WASHINGTON, Sept 21- The U.S. Commodity Futures Trading Commission has filed civil fraud charges against a New York man and his company over an alleged Bitcoin investment scheme, the agency said in a statement on Thursday. The CFTC said it had charged Nicholas Gelfman and Gelfman Blueprint Inc with fraud, misappropriation and issuing false account statements...

  • LONDON, Sept 21- Banking shares drove European bourses higher on Thursday after the U.S. The pan-European STOXX 600 ended up 0.3 percent while euro zone stocks and blue-chips rose 0.4 percent as the U.S. central bank's optimism on the economy stoked renewed enthusiasm for financials and cyclical sectors in Europe. Banks, the biggest gainers from interest rate...