March 17- Staar Surgical Co said an independent advisory panel to the U.S. Food and Drug Administration recommended marketing approval for its implantable vision-correction lens, sending the company's shares up 22 percent in premarket trade on Monday.» Read More
*Yellen expected to win Senate confirmation. WASHINGTON, Nov 14- Janet Yellen on Thursday robustly defended the Federal Reserve's bold steps to spur economic growth, calling efforts to boost hiring an "imperative" at a hearing into her nomination to become the first woman to lead the U.S. central bank.
*Fed Chair nominee Janet Yellen leaves stimulus expectations intact. NEW YORK, Nov 14- The dollar pared its gains against the euro on Thursday as Federal Reserve Chairman nominee Janet Yellen defended the U.S. central bank's stimulus to spur growth.
SILVER SPRING, Maryland, Nov 13- A federal advisory panel said safety issues do not preclude approval of Sanofi SA's experimental multiple sclerosis drug Lemtrada on Wednesday, but voiced concerns about the quality of clinical studies.
NEW YORK, Nov 14- U.S. household debt rose in the latest quarter by the most in more than five years, a sign that Americans may be nearing the end of a multi-year belt-tightening trend, data from the Federal Reserve Bank of New York showed on Thursday.
Nov 14- Federal Reserve Vice Chair Janet Yellen, appearing before the Senate Banking Committee on Thursday, said there are "dangers" in ending the Fed's current monetary stimulus too early. She is currently answering questions from senators considering her nomination to replace Federal Reserve Chairman Ben Bernanke, who is expected to leave in early 2014..
Treasury debt prices rose on Thursday as investors awaited clues on the path of monetary policy from a Senate panel hearing on Federal Reserve Vice Chair Janet Yellen's nomination to head the U.S. central bank.
*Cisco shares tumble after revenue warning. NEW YORK, Nov 14- The Dow and S&P 500 were on track to set fresh record highs at the open on Thursday, extending gains from late in the previous session after the release of remarks from Federal Reserve chair nominee Janet Yellen, while a slide in Cisco shares weighed on Nasdaq futures.
*Yen falls as Japan signals further intervention possible. LONDON, Nov 14- Confirmation by incoming Federal Reserve chief Janet Yellen that the U.S. central bank's loose monetary policy was here to stay lifted world stocks on Thursday while weak euro zone data gave the dollar a boost.
LONDON, Nov 14- Data showing the euro zone economy slowed sharply in the third quarter curbed a rally in European shares on Thursday, after dovish comments from next Federal Reserve chief Janet Yellen spurred early buying.
*Coming up: Yellen speech to Senate at 1500 GMT; EIA stockpile data at 1600 GMT. LONDON, Nov 14- Brent oil rose towards $108 per barrel on Thursday, bolstered by Federal Reserve comments which reassured investors that the U.S. would maintain stimulus measures for now, and a warning of likely rising prices from the International Energy Agency.
PARIS, Nov 14- European stocks rose early on Thursday after dovish comments by Federal Reserve chairman-designate Janet Yellen eased worries the U.S. central bank could start winding down its stimulus measures this year.
*Nikkei hits 6- month high, Asia ex- Japan shares off 6- week low. TOKYO, Nov 14- Japanese stocks led a broad rally in Asia on Thursday, spurred by Federal Reserve Vice Chair Janet Yellen's comments which suggested global asset markets could count on the Fed's generous stimulus for some time.
TOKYO, Nov 14- The Nikkei share average jumped 2.1 percent to a near six-month closing high on Thursday, helped by dovish comments from Federal Reserve vice chair Janet Yellen and data showing the Japanese economy notched up its fourth straight quarter of growth.
MUMBAI, Nov 14- The rupee gained on Thursday as comments from nominee for Federal Reserve chair Janet Yellen and India's central bank governor Raghuram Rajan delivered a two-dose boost of optimism for a currency that had fallen to a two-month low.
*Yellen expected to win Senate confirmation. WASHINGTON, Nov 14- Janet Yellen, President Barack Obama's nominee to lead the U.S. Federal Reserve, will offer a stout defense on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics.
*Nikkei hits 3- week high, Asia ex- Japan shares off 6- week low. TOKYO, Nov 14- Asian stocks bounced from six-week lows on Thursday, spurred by Federal Reserve Vice Chair Janet Yellen's dovish comments which suggested the U.S. economy could count on stimulus support for a longer period than markets anticipate.
TOKYO, Nov 14- The Nikkei share average raced to a three-week high on Thursday morning, supported by dovish comments from Federal Reserve Vice Chair Janet Yellen and data showing the Japanese economy notched up its fourth straight quarter of growth.
WASHINGTON, Nov 13- Federal Reserve Chairman Ben Bernanke said on Wednesday that the U.S. central bank would remain alert to preventing inflation from declining too far from its goal of 2 percent.
WASHINGTON, Nov 13- Federal Reserve Chairman Ben Bernanke said on Wednesday that the U.S. central bank would remain alert to preventing inflation from declining too far from the Fed's goal of 2 percent.
The drop came even after Janet Yellen, who is poised to be the next head of the Federal Reserve, said she thinks the U.S. central bank has more work to do to aid the economy.