Washington DC


  • Groups claim insurance discrimination in new forms Sunday, 17 Aug 2014 | 7:27 AM ET

    WASHINGTON— Ending insurance discrimination against the sick was a central goal of the nation's health care overhaul, but leading patient groups say that promise is being undermined by new barriers from insurers.

  • NEW YORK, Aug 17- Just over a year ago, Oregon Senator Jeff Merkley was looking for a place to make a bold statement about his latest crusade: taking Wall Street's traders to task for gaming commodity markets.

  • Ackman files another suit against government Saturday, 16 Aug 2014 | 1:06 PM ET
    Bill Ackman

    In the complaint, Pershing Square alleged that Treasury illegally seized tens of billions of dollars in Fannie and Freddie profits.

  • Why global turmoil hasn't sunk US markets. Yet. Saturday, 16 Aug 2014 | 10:32 AM ET

    NEW YORK— Europe appears on the brink of another recession. An Ebola outbreak in Africa and Israel's war in Gaza are contributing to the gloom. Yet investors in the United States have largely shrugged it off— so far at least.

  • Ackman files second lawsuit against U.S. government Friday, 15 Aug 2014 | 9:40 PM ET

    Aug 16- Activist Bill Ackman's Pershing Square Capital Management LP filed its second lawsuit in two days against the U.S. government over bailout of Fannie Mae and Freddie Mac, court documents show.

  • Feds close probe of refinery blast that killed 7 Friday, 15 Aug 2014 | 7:31 PM ET

    SEATTLE— The U.S. Justice Department said Friday it will file no criminal charges following a four-year investigation into the April 2010 explosion that killed seven workers at the Tesoro Corp. refinery in Anacortes. The decision was shared with victims' relatives earlier in the day, said Jenny Durkan, the U.S. attorney in Seattle.

  • Aug 15- International Business Machines Corp said on Friday that U.S. regulators had approved the $2.3 billion sale of its low-end server business to Lenovo Group Ltd, as the company continues its shift to more profitable software and services like cloud computing and data analytics.

  • Figures on government spending and debt Friday, 15 Aug 2014 | 4:07 PM ET

    WASHINGTON— Figures on government spending and debt.

  • WASHINGTON, Aug 15- Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis.

  • *Tensions in Ukraine push yen, Swiss franc higher. NEW YORK, Aug 15- The dollar fell on Friday, hurt by generally weak U.S. economic data this week and heightened tensions in Ukraine that pushed Treasury yields lower. Russia denied its forces had crossed into Ukraine, calling the Ukrainian report "some kind of fantasy.

  • Sen. Ron Wyden calls for surveillance policy shift Friday, 15 Aug 2014 | 2:47 PM ET

    PORTLAND, Ore.— When it comes to searches by law enforcement, U.S. In a speech Friday at a Portland tech conference, the Oregon Democrat called for updates to the rules by which intelligence agencies operate, and said he plans new legislation aimed at ending bulk electronic surveillance.

  • BUENOS AIRES, Aug 15- Major world food supplier Argentina will send a trade delegation to Russia next week to try to increase exports to the country, which this month banned many Western products in response to sanctions over its intervention in Ukraine.

  • Why global turmoil hasn't sunk US markets. Yet. Friday, 15 Aug 2014 | 1:04 PM ET

    NEW YORK— Europe appears on the brink of another recession. An Ebola outbreak in Africa and Israel's war in Gaza are contributing to the gloom. Yet investors in the United States have largely shrugged it off— so far at least.

  • *Report of fresh Ukraine tensions sparks market reversals. NEW YORK, Aug 15- Global equity markets retreated on Friday on a report of Ukraine forces engaging a Russian armored column on Ukrainian soil, while yields on benchmark German bunds plumbed record lows below 1 percent on news of the military tensions.

  • NEW YORK, Aug 15- The safe-haven yen and Swiss franc advanced on Friday after heightened tension in Ukraine that saw the government's artillery destroy a "significant" part of a Russian armored column.

  • FDA clears Avastin for late-stage cervical cancer Friday, 15 Aug 2014 | 10:44 AM ET

    WASHINGTON— The Food and Drug Administration has approved Genentech's Avastin for a new use against late-stage cervical cancer, the seventh indication for the blockbuster biotech drug. The FDA approved the drug late Thursday for women with cervical cancer that is persistent, recurrent or has spread to other parts of the body.

  • Foreign holdings of Treasury debt top $6 trillion Friday, 15 Aug 2014 | 9:31 AM ET

    Total foreign holdings rose 0.6 percent to $6.01 trillion, up from $5.98 trillion in May, the Treasury Department said Friday in its monthly report. Japan, the second-biggest foreign buyer, saw its holdings slip a slight $600 million to $1.22 trillion. Belgium, Brazil and Taiwan were among the countries increasing their holdings.

  • US factory output surges in July Friday, 15 Aug 2014 | 9:19 AM ET

    WASHINGTON— U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals. Demand for autos surged 10.1 percent last month, the largest increase since July 2009.

  • US producer prices rise just 0.1 percent in July Friday, 15 Aug 2014 | 8:35 AM ET

    WASHINGTON— Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check. The producer price index rose 0.1 percent in July, following a 0.4 percent gain in June, the Labor Department said Friday. The index measures the cost of goods and services before they reach the consumer.

  • WASHINGTON— US factory output jumps 1 percent in July; autos, furniture, textiles and metals lead gains.