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Top News & Analysis Washington DC

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  • According to email documents provided to The Associated Press, the American Egg Board tried to prevent Whole Foods grocery stores from selling Hampton Creek's Just Mayo spread and engaged in other efforts to counter the brand. In a statement Thursday, USDA spokesman Sam Jones-Ellard said the department is looking into the documents and "does not condone any...

  • President Barack Obama in Washington on Friday to seek more support in countering Iran, as the Obama administration aims to use the visit to shore up relations after a period of tensions. The visit is the king's first to the United States since ascending to the throne in January, and comes after the United States agreed to a nuclear deal with Iran in July, raising...

  • *NGK Insulators to pay $65.3 mln for price-fixing. *NGK Insulators pleads guilty to U.S. Justice Department charges. TOKYO/ WASHINGTON, Sept 4- Japan's NGK Insulators Ltd has agreed to pay $65.3 million for fixing the prices of parts supplied to car makers and plead guilty to criminal charges, the U.S. Justice Department said on Thursday.

  • MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT. LONDON- Swedish Riksbank Deputy Governor Cecilia Skingsley speaks at Deutsche Bank's headquarter in London on the Swedish central bank's latest report- 0930 GMT. ANKARA- German Finance Minister Wolfgang Schaeuble and...

  • LONDON, Sept 3- The current slump in emerging market stocks and currencies has reached "crisis proportions" the Institute of International Finance warned on Thursday. The Washington- based finance industry body said China's woes had been a key catalyst in the fast-moving rout, which has seen MSCI's global emerging market stocks index slump 40 percent.

  • *Turkey keen to shake off perception G20 is "talking shop". ANKARA, Sept 3- When the Group of 20 finance ministers and central bankers meet on Friday in Turkey, China's market turmoil is likely to be the biggest problem they do nothing about. Slower growth in China and rising market volatility have boosted the risks to the global economy, staff of the International...

  • WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— Federal law enforcement officials will be routinely required to get a search warrant before using secretive and intrusive cellphone-tracking technology under a new Justice Department policy announced Thursday. The policy applies only to federal agencies within the Justice Department and not, as some privacy advocates had hoped, to state and...

  • WASHINGTON— With the Federal Reserve edging into the spotlight, Friday's jobs report for August could trigger eventual changes in Americans' financial lives. It would also send a reassuring signal that global stock-market turmoil and China's slowdown have yet to seriously jar the U.S. economy. But the turbulence in global stock markets, a U.S. inflation rate...

  • NEW YORK, Sept 3- The euro fell more than 1 percent on Thursday, surrendering most of the gains it made against the dollar following China's devaluation of the yuan last month, after European central bankers cut economic growth targets and left interest rates unchanged. The European Central Bank lowered its forecasts for inflation and economic growth, citing a...

  • The Federal Reserve and European Central Bank have been striving to generate a small dose of inflation— around 2 percent annually, just enough to spur more spending and income but not so much that prices surge out of control. ECB President Mario Draghi faced that very question at a news conference Thursday in Frankfurt, Germany. In the United States, the Fed's...

  • *MSCI global stocks index climbs. NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the bank cut its...

  • The new protections are part of a broader rule from the Department of Health and Human Services to carry out anti-bias provisions of President Barack Obama's health care law. "This is a huge step," said Michael Silverman, director of the Transgender Legal Defense and Education Fund in New York. The Supreme Court recognized a constitutional right for same-sex...

  • *Turkey keen to shake off perception G20 is' talking shop'. ANKARA, Sept 3- When the Group of 20 finance ministers and central bankers meet on Friday in Turkey, China's market turmoil is likely to be the biggest problem they don't do anything about. Slower growth in China and rising market volatility have boosted the risks to the global economy, staff of the...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday, surrendering most of the solid gains put up against the dollar since China devalued the yuan last month, after European central bankers cut economic growth targets and left interest rates unchanged. The European Central Bank lowered its forecasts for inflation and economic growth, citing a slowdown in...

  • WASHINGTON— U.S. services companies expanded at a healthy pace in August, lifted by robust consumer spending resulting from steady job gains. The Institute for Supply Management said Thursday that its services index slipped to 59 from 60.3 in the previous month. The figures also indicate that China's faltering economy and gyrations in the U.S. stock market...

  • WASHINGTON— Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over Federal Reserve interest-rate policy. Mortgage giant Freddie Mac said Thursday that the average rate on a 30- year fixed-rate mortgage increased to 3.89 percent...

  • PHILADELPHIA— After an outcry over plans to keep most of Pope Francis' audience at his biggest Philadelphia events several blocks away, organizers Thursday announced the pontiff will parade through downtown twice and said they would set aside 30,000 tickets for the public to get a closer view. "Everyone wants to see the pope, and we totally, totally get that," said...

  • The potential cost to taxpayers if all Corinthian students seek relief: $3.2 billion. So far, almost 12,000 students have asked the federal government to discharge their college loan debt, asserting that their school either closed or lied to them about job prospects, according to a report released Thursday by the Education Department. "It's just not fair," said...

  • The concern is that U.S. growth will be hurt by further declines in exports, reflecting a stronger dollar and overseas weakness in nations such as China. A sharp slowdown in China has roiled financial markets in recent weeks as investors have grown concerned that weakness in the world's second largest economy could have a more adverse impact on global growth.