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Top News & Analysis Washington DC

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  • WASHINGTON— Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online. Comcast created the program four years ago as a condition of government approval of its purchase of NBCUniversal. The service costs $10 a month, a quarter of Comcast's promotional price for a slightly faster Internet speed.

  • WASHINGTON— US factory orders advance 1.8 percent in June, while business investment posts modest gain.

  • WASHINGTON— Orders to U.S. factories increased in June, and a key category that reflects business investment plans posted a modest rise. But the gains weren't robust enough to suggest that the sluggish manufacturing sector is mounting a significant turnaround. Factory orders advanced 1.8 percent in the month, the Commerce Department reported Tuesday.

  • BRUSSELS, Aug 4- European negotiators are aiming to finalise a trade pact with the United States in 2016 in "an optimistic scenario", EU Trade Commissioner Cecilia Malmstrom said on Tuesday. Trade Representative Michael Froman in Washington in September to prepare for more talks in October and also in December. Some of Europe's many opponents to a trade deal with...

  • WASHINGTON— Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages. The McLean, Virginia, company will pay a dividend of $3.9 billion to the U.S. Freddie will have paid $96.5 billion in dividends,...

  • WASHINGTON— The Commerce Department reports on U.S. June factory orders at 10 a.m. Eastern Tuesday. A preliminary report last week showed that orders for durable goods in June jumped 3.4 percent, reflecting a rebound in aircraft orders booked by Boeing at the Paris air show.

  • These are the original chronicles of Iraq's rich and tumultuous history— and now librarians and academics in Baghdad are working feverishly to preserve what's left after thousands of documents were lost or damaged at the height of the U.S.-led invasion. As Islamic State militants set out to destroy Iraq's history and culture, including irreplaceable books...

  • Speaking in Singapore, Kerry said the so-called " Trans Pacific Partnership" would benefit the people of all nations involved and serve as a model for responsible global industry and commerce. His address at Singapore Management University comes just days after trade ministers failed to bridge final gaps and seal the accord at talks in Hawaii.

  • ATHENS, Greece— After so much pain, Greece must now figure out how to get its economy back on its feet. The advice to Greece from economists is simple: focus on the basics. Political instability, a hallmark of Greece's crisis, is highly toxic for investors, who need to know that the rules for business won't change unexpectedly.

  • LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT. LONDON- Bank of England to release inflation report- 1100 GMT.

  • The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.075 percent, up from 0.050 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.165 percent, up from 0.145 percent last week. For a $10,000 bill, the three-month price was $9,998.10 while a six-month bill sold for $9,991.66.

  • WASHINGTON— President Barack Obama's sweeping new power plant regulations are thrusting the divisive debate over climate change into the race for the White House, with candidates in both parties seeing an opportunity to capitalize. The president unveiled the plan at the White House Monday, calling it the "single most important step" the U.S. has taken to combat...

  • WASHINGTON, Aug 3- Dreams that a cap-and-trade market could become a force for lowering carbon emissions died in the U.S. Senate in 2010, scuttled by politics and a bad economy. Northeast and California that already have carbon markets by giving them credit for their early actions. "To understate it, there has been a reticence to discuss cap and trade policies in...

  • WASHINGTON— Figures on government spending and debt.

  • Aug 3- A U.S. appeals court will hear oral arguments on Dec. 4 in lawsuits that challenge the Federal Communications Commission's "net neutrality" rules, which prevent broadband providers from blocking or slowing Internet traffic, the court said on Monday. USTelecom, a trade group for broadband providers, and other opponents of the rules sued the FCC this year,...

  • WASHINGTON— The Treasury Department on Monday estimated that it will end up borrowing $552 billion for the current budget year, the lowest total in eight years. The figure would be a drop of 17.6 percent from last year's $670 billion and represent the smallest annual amount since the government borrowed $150 billion in 2007.. In a letter to Congress last week, Lew...

  • WASHINGTON— The Treasury Department on Monday targeted 11 companies and individuals suspected of providing energy products the Syrian government of Bashar Assad is using in the conflict there. Treasury said many of those targeted are front companies the Syrian government has used to evade U.S. and European Union sanctions. The companies sanctioned are: The...

  • WASHINGTON, Aug 3- In the weeks leading up to a critical annual U.S. report on human trafficking that publicly shames the world's worst offenders, human rights experts at the State Department concluded that trafficking conditions hadn't improved in Malaysia and Cuba. And in China, they found, things had grown worse. As a result, not only Malaysia, Cuba and China, but...

  • WASHINGTON— The Food and Drug Administration has approved the first prescription drug made through 3- D printing: a dissolvable tablet that treats seizures. Aprecia Pharmaceuticals said Monday the FDA approved its drug Spritam for adults and children who suffer from certain types of seizures caused by epilepsy. The FDA has previously approved medical...

  • WASHINGTON, Aug 3- U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan...