Economic Indicators

FDA says it will overhaul criticized medical device system

US health officials say they plan to overhaul the nation's decades-old system for approving most medical devices, which experts have long criticized for failing to catch problems with risky implants and medical instruments.

European banking chief: euro needs a central budget

European Central Bank head Mario Draghi is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending capacity to buffer individual governments against financial crises.

Low Rhine forces BASF to limit production at German plant

Chemical giant BASF says it will have to stop production of a component of polyurethanes at its main plant in Germany because low water levels in the Rhine river are impeding its ability to transport raw materials to the site.

How global journalists investigated medical device safety

More than 250 journalists in 36 countries representing more than 50 media organizations, including The Associated Press, spent nearly a year examining the safety of medical devices , such as how they are tested, approved and monitored by regulatory agencies.