GO
Loading...

Washington DC

More

  • Jan 29- U.S. weapons maker Raytheon Co on Thursday forecast 2015 revenue largely below average analyst expectations as orders fell, and said profit margins would drop further to just over 12 percent, sending its shares down 5 percent. Raytheon Chief Financial Officer Dave Wajsgras told Reuters he expected low single-digit revenue growth in 2016, with...

  • Senate panel approves Iran sanctions bill Thursday, 29 Jan 2015 | 11:18 AM ET

    WASHINGTON— A bill that would levy tough new sanctions on Iran if it fails to sign an agreement to curb its nuclear program cleared a Senate committee on Thursday. Republican and Democratic members of the Senate Banking, Housing and Urban Affairs Committee voted 18-4 to pass the bill aimed at ramping up economic pressure on Iran starting in July if it doesn't ink...

  • Senate passes bill approving Keystone XL oil pipeline Thursday, 29 Jan 2015 | 10:40 AM ET

    WASHINGTON— The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top priority of the newly empowered GOP, and marked the first time the Senate...

  • *Greece's position unclear, signs of division emerging. BRUSSELS, Jan 29- Greece's new leftist government exasperated its EU allies on Thursday at negotiations over extending sanctions against Russia, leaving the other 27 member states guessing as to whether it would support new sanctions or veto them. Leaders of several EU countries and officials of the bloc...

  • Average US rate on 30-year mortgage rises to 3.66 pct. Thursday, 29 Jan 2015 | 10:18 AM ET

    WASHINGTON— Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels. Mortgage company Freddie Mac said Thursday the nationwide average for a 30- year mortgage edged up to 3.66 percent from 3.63 percent last week. On Tuesday, the Commerce Department reported that sales...

  • Census: 1 in 5 children on food stamps Thursday, 29 Jan 2015 | 10:14 AM ET

    Numbers released by the Census Bureau Wednesday as part of its annual look at children and families show that one in five children were on food stamp assistance in 2014. The survey was taken last spring. The number of people receiving food stamps— now called the Supplemental Nutrition Assistance Program, or SNAP— spiked through the recession and has stayed at a...

  • US pending home sales tumble in December Thursday, 29 Jan 2015 | 10:01 AM ET

    The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 100.7. "he trend in home sales is probably still up," O'Sullivan said, noting that more people identified "now" as a good time to buy a house in the University of Michigan consumer sentiment survey. Lackluster wage growth and...

  • WASHINGTON— The chances of a driver dying in a crash in a late-model car or light truck fell by more than a third over three years, and nine car models had zero deaths per million registered vehicles, according to a study by the U.S. Insurance Institute for Highway Safety. Improved vehicle designs and safety technology have a lot to do with the reduced risk, but a weak...

  • Jan 29- U.S. weapons maker Raytheon Co on Thursday forecast 2015 revenue largely below average analyst expectations as orders fell for the first time in four quarters, but said it expected a return to modest revenue growth in 2016.. Raytheon Chief Financial Officer Dave Wajsgras told Reuters he expected low single-digit revenue growth in 2016, with...

  • EU to extend existing Russia sanctions over Ukraine Thursday, 29 Jan 2015 | 8:32 AM ET

    BRUSSELS— The European Union extended by six months an existing set of sanctions against Russian and pro- Russia separatist officials because of the continued fighting in eastern Ukraine and was planning further action, officials said Thursday. The new radical left-wing government in Greece didn't fall immediately in line with plans for further actions...

  • WASHINGTON— The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will likely remain healthy. Weekly applications dropped 43,000 to a seasonally adjusted 265,000, the Labor Department said Thursday. That is the lowest level since April 2000.

  • WASHINGTON— Applications for US unemployment aid plummet to nearly 15- year low as companies cut fewer jobs.

  • LONDON, Jan 29- Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said. It was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said. The former McKinsey consultant steered Standard Chartered through...

  • NEW YORK, Jan 29- Americans are more likely than ever to favor easing a ban on exporting crude oil, so long as it does not lead to higher gasoline prices that have recently sunk to near $2 a gallon, according to a new Reuters-IPSOS poll. U.S. retail gasoline prices have halved to near $2 a gallon, probably easing immediate anxiety over pump prices; a growing number of...

  • WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. MODEST FALL: Economists forecast that weekly applications dropped 7,000 to a seasonally adjusted 300,000, according to a survey by the data firm FactSet.

  • Obama to seek to bust US spending limits by $74 billion Thursday, 29 Jan 2015 | 6:01 AM ET

    WASHINGTON— Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping spending cuts both parties agreed to four years ago when deficits were spiraling out of control. "If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our...

  • FACT CHECK: Both sides in Keystone XL debate bend facts Thursday, 29 Jan 2015 | 3:30 AM ET

    WASHINGTON— Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf of Mexico, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will create thousands of jobs and make the U.S. dependent on oil from friends, rather than foes. But a March 2013 analysis by the State Department concluded that the...

  • Backers see a changing landscape that includes a Congress controlled by Republicans generally viewed as more receptive to oil exports, and some signs the Obama administration will consider modifications to the longstanding policy that bans exports of raw crude. The ban is a relic of the 1970 s, after an OPEC oil embargo led to fuel rationing, high prices and...

  • WASHINGTON— The Federal Reserve's outlook for the U.S. economy is steadily brightening. Yet the Fed will be "patient" in raising interest rates from record lows. Paul Ashworth, an economist at Capital Economics, said the statement suggested that the Fed "is still taking the view that the collapse in oil prices is a net positive for the economy."

  • In a letter to China's top cybersecurity policy group dated Jan. 28, the American Chamber of Commerce in China and 17 other U.S. business lobbies urged Beijing to postpone the implementation of the new policies. U.S. tech vendors such as Cisco and Microsoft Corp are facing increased pressure from Chinese authorities to accept rigorous security checks before...