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  • BERLIN— German Chancellor Angela Merkel has defended a planned trade deal between the U.S. and the European Union as "absolutely in Europe's interest." Rejecting an industry group's criticism that politicians aren't doing enough to support it, Merkel said Thursday that the Trans-Atlantic Trade and Investment Partnership, or TTIP, is "absolutely right and...

  • July 28- Raytheon Co reported better-than-expected quarterly revenue and profit as sales of its smart bombs rose, and it raised its 2016 earnings forecast, partly due to strong demand in markets outside the United States. The maker of Patriot missile systems and Paveway laser- and GPS-guided bombs said it was seeing demand across Europe, Middle East and Asia...

  • WASHINGTON— The International Monetary Fund was unprepared for the debt crisis that hit Europe and was slow to press for debt relief that might have eased Greece's economic pain and allowed it to pay its bills, an IMF watchdog says. As part of a so-called troika with the European Commission and the European Central Bank, the IMF bailed out Greece, Ireland and...

  • WASHINGTON— The proportion of U.S. households that own homes has matched its lowest level in 51 years— evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy. Just 62.9 percent of households owned a home in the April-June quarter this year, a decrease from 63.4 percent 12 months ago, the Census Bureau said Thursday.

  • Mortgage giant Freddie Mac said Thursday the average for the benchmark 30- year fixed-rate mortgage rose to 3.48 percent from 3.45 percent last week. Americans bought new homes in June at the fastest pace in more than eight years, the Commerce Department reported Tuesday. Still, the U.S. homeownership rate fell in the second quarter to match the lowest level on...

  • DUBAI, United Arab Emirates— Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20- percent stake in Bahraini investment firm Investcorp. It also has stakes in Fairfield, Connecticut- based General Electric Co. and Washington- based private equity firm The Carlyle Group. Mubadala is in the process of being merged with the...

  • WASHINGTON _ FTI Consulting Inc. on Thursday reported second-quarter net income of $26.5 million. FTI Consulting expects full-year earnings in the range of $2.15 to $2.45 per share, with revenue in the range of $1.8 billion to $1.87 billion. FTI Consulting shares have climbed 25 percent since the beginning of the year.

  • The Waltham, Massachusetts- based company's shares rose 2.4 percent to $138.60 in premarket trading on Thursday. O'Brien said Raytheon got nearly a third of its sales from clients outside the United States. Of this, about half came from the Middle East and Africa regions.

  • WASHINGTON— More Americans sought unemployment aid last week, but the number of applications was still at a low level that suggested hiring is healthy. THE NUMBERS: Applications for unemployment benefits rose 14,000 to a seasonally adjusted 266,000, the Labor Department said Thursday. The four-week average, a less volatile measure, slipped 1,000 to 256,500..

  • WASHINGTON— Applications for US unemployment benefits rose last week to a still-low 266,000..

  • WASHINGTON _ Dupont Fabros Technology Inc. on Thursday reported a key measure of profitability in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 65 cents per share. For the current quarter ending in October, Dupont Fabros expects its per-share funds from operations to range from...

  • WASHINGTON _ Washington Real Estate Investment Trust on Wednesday reported a key measure of profitability in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 43 cents per share. Six analysts surveyed by Zacks expected $77.8 million.

  • The company said sales in its missile systems unit, its biggest business by revenue, increased 6 percent to $1.66 billion in the second quarter ended July 3. Net income attributable to Raytheon rose to $709 million, or $2.38 per share, in the quarter from $505 million, or $1.65 per share, a year earlier. Raytheon said second-quarter earnings included a gain of 53...

  • NEW YORK— The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what's owed, and give people more ability to dispute their bills. It would be the biggest overhaul of the...

  • WASHINGTON _ CoStar Group Inc. on Wednesday reported second-quarter net income of $15.6 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. Four analysts surveyed by Zacks expected $206.1 million.

  • WASHINGTON _ Vanda Pharmaceuticals Inc. on Wednesday reported a loss of $4.6 million in its second quarter. On a per-share basis, the Washington- based company said it had a loss of 11 cents. Keywords: Vanda Pharmaceuticals, Earnings Report.

  • WASHINGTON, July 27- Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday. "Millions of Americans rely daily on generic drugs to treat a wide range of illnesses," Debbie Feinstein, director of the FTC's...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • WASHINGTON _ The Advisory Board Co. on Wednesday reported second-quarter net income of $7.5 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Advisory Board expects full-year earnings in the range of $1.83 to $1.90 per share, with revenue in the range of $817 million to $830 million.

  • WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting ended:. Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May.