Top News & Analysis Washington DC

  • WASHINGTON— The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. That is slightly below the Commerce Department's previous estimate of 1.2 percent growth as measured by gross domestic product, the broadest gauge of the economy.

  • WASHINGTON— US economy grew at sluggish 1.1 percent annual pace in spring, slightly below earlier estimate.

  • WASHINGTON— The Commerce Department issues its revised estimate for the economic growth that occurred between April and June at 8:30 a.m. Eastern. :Analysts forecast that gross domestic product, the broadest measure of the economy, increased at a 1.1 percent annual rate in the second quarter, according to a survey by the data firm FactSet.

  • FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy Toolkit" before the Federal Reserve Bank of Kansas City Economic Symposium, "Designing Resilient Monetary Policy Frameworks for the Future"- 1400 GMT. PAUL, United States- Federal Reserve Bank of Minneapolis President Neel...

  • WASHINGTON— When Janet Yellen steps to the microphone Friday morning at an annual central bank forum in Jackson Hole, Wyoming, investors will be listening for one thing above all: Any hint of the Federal Reserve chair's expected timetable for the next interest rate increase. Some of Yellen's colleagues, including the host of the forum— Esther George, head of the...

  • NEW YORK, Aug 25- A Texas jury said on Thursday a General Motors Co ignition switch, linked to nearly 400 injuries and deaths, was not to blame for a fatal 2011 crash, according to a company statement. The verdict in Harris County, Texas, was the second in favor of GM this year in lawsuits over the now recalled ignition switch. Plaintiff Zachary Stevens alleged that a...

  • FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy Toolkit" before the Federal Reserve Bank of Kansas City Economic Symposium, "Designing Resilient Monetary Policy Frameworks for the Future"- 1400 GMT. PAUL, United States- Federal Reserve Bank of Minneapolis President Neel...

  • Instead of clicking, he forwarded the message to researchers at the University of Toronto's Citizen Lab. Experts at Citizen Lab worked with security company Lookout and determined that the link would have installed a program taking advantage of a three flaws that Apple and others were not aware of. "Once infected, Mansoor's phone would have become a digital spy...

  • NEW YORK, Aug 25- A Texas jury said on Thursday a General Motors Co ignition switch, linked to nearly 400 injuries and deaths, was not to blame for a fatal 2011 crash, according to a company statement. The verdict in Harris County, Texas, was the second in favor of GM this year in lawsuits over the now recalled ignition switch. Plaintiff Zachary Stevens alleged that a...

  • The list price of the drug will remain the same, but the company said it would increase the maximum copay assistance program to $300 from $100 for patients who pay for the 2- pak in cash or who are covered by a commercial health insurer. The price of EpiPen has skyrocketed to $600 from $100 since it was acquired by Mylan in 2007.. Ronny Gal, an analyst with Bernstein,...

  • NEW YORK— Stocks closed lower on Thursday, led by declines in health-care companies as investors worry about a backlash in Washington against recent price increases for key drugs. A few retailers reported disappointing earnings, and that helped push down consumer discretionary stocks. The losses were modest as major indexes hover near record highs hit last...

  • WASHINGTON, Aug 25- The U.S. Federal Aviation Administration briefly halted flights at Miami International and nearby airports around 11:30 a.m. EDT on Thursday following a five-minute power outage at Miami's Terminal Radar Approach Control, a spokeswoman said. Flight operations returned to normal after about 90 minutes, the FAA said.

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- Most investors refrained from making big bets on Thursday ahead of the start of a central bankers' meeting in the mountains of Wyoming that could clarify the path of U.S. interest rate policy. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince...

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

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- The start of a central bankers' meeting in the mountains of Wyoming, which could clarify the path of U.S. interest rate policy, kept most investors from making big bets on Thursday. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, when she may struggle to convince financial...

  • The list price of the drug will remain the same, but the company said it would increase the maximum copay assistance program to $300 from $100 for patients who pay for the 2- pak in cash or who are covered by a commercial health insurer. The price of EpiPen has skyrocketed to $600 from $100 since it was acquired by Mylan in 2007.. Ronny Gal, an analyst with Bernstein,...

  • *Wall Street recovers after lower open. NEW YORK, Aug 25- Slumping healthcare stocks pulled European markets lower on Thursday after White House candidate Hillary Clinton demanded price cuts on a successful drug, while many investors awaited headlines from a big gathering of central bankers. London's FTSE closed 0.28 percent lower.

  • That signal, though, could come as soon as Friday, when Fed Chair Janet Yellen will address the annual meeting of the world's central bankers in Jackson Hole, Wyoming. Fed leaders have sometimes used the Jackson Hole event to announce major policy shifts. Two close Yellen allies— William Dudley, president of the Federal Reserve Bank of New York, and Stanley Fischer,...

  • Aug 25- Mylan NV said on Thursday it would reduce the out-of-pocket cost of its severe allergy treatment EpiPen through a discount program, a day after Democratic Presidential candidate Hillary Clinton joined lawmakers in criticizing the drug's high price. The price of the product, acquired in 2007, has skyrocketed to $600 from $100 in 2008.

  • WASHINGTON— The Obama administration has finalized a new rule intended to encourage states to set up their own retirement plans. The Department of Labor rule is designed to clarify how voluntary, state-run retirement programs are regulated by the federal government. Labor Secretary Tom Perez says the state-run plans are a promising new option for people who...