Washington DC


  • DIARY - Top economic Events to Oct 16 Wednesday, 1 Oct 2014 | 8:01 PM ET

    Treasury Secretary Jack Lew, U.S. Deputy Secretary Sarah Bloom Raskin participate in open meeting of the President's Advisory Council on Financial Capability for Young Americans in Washington- 1300 GMT. RICHMOND- Federal Reserve Bank of Richmond and the Kiel Institute for the World Economy hold two-day conference on "The Labor Market After the Great...

  • Business Highlights Wednesday, 1 Oct 2014 | 6:10 PM ET

    NEW YORK— A bottleneck is building in the global market for bonds. GM looks to new vehicles, China to boost profit. MILFORD, Mich.— General Motors CEO Mary Barra told investors Wednesday that GM plans a raft of new models and a big push to sell more cars in China to drive profits in coming years, as the biggest U.S. automaker tries to shift the spotlight from a mishandled...

  • Man with Ebola virus flew roundabout trip to US Wednesday, 1 Oct 2014 | 5:52 PM ET

    Thomas Eric Duncan left Monrovia, Liberia, on Sept. 19 aboard a Brussels Airlines jet to the Belgian capital, according to a Belgian official. According to the Centers for Disease Control and Prevention, Duncan sought medical care Sept. 25 in Dallas after falling ill the day before. Anthony Fauci, director of the National Institutes of Allergy and Infectious...

  • GfK Poll: Top issues in the midterm election Wednesday, 1 Oct 2014 | 5:14 PM ET

    WASHINGTON— It's October and in some places, voters are already voting. The latest Associated Press-GfK poll finds those likely to cast a ballot are focused more on the economy than other issues. Among all adults, 4 in 10 approve of President Barack Obama's handling of the issue, a figure that's held steady since late last year.

  • 'Vultures' hover over Argentina -US relations Wednesday, 1 Oct 2014 | 5:04 PM ET

    BUENOS AIRES, Argentina— Relations between Argentina and the United States have sunk so low the South American nation's president is blaming the Obama administration for her country's debt crisis and suggesting Washington might even want to have her killed. Fernandez and her government have been infuriated by the U.S. government's refusal, or legal...

  • US OKs $1.75 billion arms sale to Saudi Wednesday, 1 Oct 2014 | 4:52 PM ET

    WASHINGTON— The Obama administration has approved a $1.75 billion sale of Patriot missiles and associated items to Saudi Arabia to bolster the air defenses of the key U.S. ally in the Arab world. The Defense Security Cooperation Agency announced Wednesday that the State Department had approved the transfer, which includes 202 Patriot missiles, test targets,...

  • GfK Poll: Divided voters still focus on economy Wednesday, 1 Oct 2014 | 4:21 PM ET

    WASHINGTON— It's not Obamacare or climate change. "We need jobs," said Christine Kamischke, 45, of rural northern Michigan. She works in a large retail store and her husband was recently laid off from his job at an Air Force base near their home.

  • Figures on government spending and debt Wednesday, 1 Oct 2014 | 4:16 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Bertrand Badre, the chief financial officer, who has pushed much of the cost-cutting, received the bonus in "recognition of his skills," according to an internal World Bank blog seen by Reuters. World Bank spokesman David Theis said the bonus was justified given Badre's experience and strong track record at the bank.

  • The FCC is planning a so-called incentive auction for mid-2015, a complex sale of highly valuable low-frequency radio airwaves currently used by broadcasters to clamoring wireless carriers.

  • WASHINGTON, Oct 1- Chinese Foreign Minister Wang Yi responded on Wednesday to comments by the United States and others on pro-democracy protests in Hong Kong, saying foreign countries should not meddle in China's domestic affairs.

  • US issues final minimum wage rule for contractors Wednesday, 1 Oct 2014 | 3:40 PM ET

    WASHINGTON— Labor Secretary Thomas Perez issued a final rule on Wednesday raising the minimum wage for employees of federal contractors to $10.10 an hour. The Labor Department said nearly 200,000 American workers will benefit from the new minimum, which takes effect Jan 1. Obama has proposed the higher pay level for all workers, but that has drawn resistance...

  • WASHINGTON, Oct 1- Two state Republican parties filed an appeal on Wednesday after a lower court dismissed their complaint against a U.S. Securities and Exchange Commission rule that restricts campaign contributions by asset managers.

  • DETROIT, Oct 1- Detroit needs to eradicate blighted properties and keep its art collection in order to thrive once it exits bankruptcy, a billionaire business leader told the city's bankruptcy trial on Wednesday. Blight grows, " Dan Gilbert, founder of Detroit- based mortgage lender Quicken Loans, said after taking the stand in the historic bankruptcy case.

  • China visit shows strains with US over Hong Kong Wednesday, 1 Oct 2014 | 2:14 PM ET

    WASHINGTON— A visit by China's top diplomat intended to show growing U.S.- China cooperation has instead highlighted political differences between the two world powers as Washington spoke out about democracy protests gripping Hong Kong. The U.S. officials repeated the usual bromides about deepening ties, and they discussed Obama's Nov. 10-12 visit to...

  • The FCC is planning a so-called incentive auction for mid-2015, a complex sale of highly valuable low-frequency radio airwaves currently used by broadcasters to clamoring wireless carriers.

  • EPA seeks fix of Mercedes-Benz fuel economy labels Wednesday, 1 Oct 2014 | 1:44 PM ET

    WASHINGTON— U.S. regulators have told Mercedes-Benz that it must correct the fuel economy labels on two of its model C300 sedans after tests found them to have lower-than-advertised miles per gallon. The Environmental Protection Agency revised fuel economy estimates for the 2013-2014 Mercedes C300 4- matic FFV and PZEV models, the agency said Wednesday.

  • *Factory gauge slips in September as orders growth softens. WASHINGTON, Oct 1- Growth in U.S. factory activity slowed more than expected in September even as hiring in the private sector accelerated, signs of an uneven expansion in the U.S. economy.

  • Drugmaker submits harder-to-abuse Zohydro to FDA Wednesday, 1 Oct 2014 | 1:24 PM ET

    San Diego- based Zogenix said Wednesday that it submitted a Food and Drug Administration application for a new formulation of Zohydro that is designed to be more difficult to snort or inject— two common methods for abusing painkillers.

  • WASHINGTON, Oct 1- China's foreign minister was expected to hear calls from U.S. leaders for Beijing's restraint. Wang Yi met with Defense Secretary Chuck Hagel and was later visiting the White House and State Department. His Washington talks were to prepare for President Barack Obama's visit to China in November but were overshadowed by the Hong Kong events.