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Top News & Analysis Washington DC

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  • WASHINGTON— China's slowdown, volatile financial markets and tumbling raw-materials prices have raised the risks to economic growth around the world, the International Monetary Fund reported Wednesday. China's troubles have sent the prices of raw materials such as oil and copper into a freefall, pinching Brazil, Russia and other commodity exporters.

  • PARIS- French Finance Minister Michel Sapin holds a press conference- 0500 GMT. AOMORI, Japan- Bank of Japan board member Takahide Kiuchi speaks in Aomori- 0130 GMT. MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT.

  • WASHINGTON, Sept 2- Saudi Arabia is in advanced discussions with the U.S. government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the U.S. Navy, and could reach agreement by the end of the year, according to sources familiar with the talks. President Barack Obama in Washington this week, as Washington and Riyadh seek...

  • CHEYENNE, Wyo.— Two former shepherds from Peru are accusing key players in the sheep industry in the western U.S. of conspiring to keep wages low for foreign workers. Rodolfo Llacua and Esliper Huaman, represented by a Denver law firm called Towards Justice, are seeking to have their lawsuit treated as a class-action case seeking damages for current and former...

  • NEW YORK, Sept 2- A U.S. appeals court has cleared the way for Novartis AG to launch the first biosimilar drug in the United States as it declined on Wednesday to stop the sale of the company's copycat version of Amgen Inc's blockbuster cancer drug Neupogen. Amgen had sought an injunction while both companies ask the court to clarify federal regulations on when...

  • NEW YORK, Sept 2- Boeing Co delivered 14 of its 787 Dreamliners in August, exceeding for the second straight month its 10- a-month target and suggesting strong financial performance later in the year, people familiar with the situation said on Wednesday. It does not mean the 787 assembly lines in Washington and South Carolina are running faster than their...

  • WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices. One of the Fed's regions— Cleveland— reported only slight growth. The recent stock market turbulence, triggered by worries about China's slowdown, has led...

  • WASHINGTON— A federal judge said Wednesday he plans to push ahead with a challenge to the National Security Agency's bulk collection of telephone data on hundreds of millions of Americans, even as the program is set to expire at the end of November. U.S. District Court Judge Richard Leon said he has no intention of allowing the Obama administration to use legal...

  • NEW YORK, Sept 2- A U.S. appeals court has cleared the way for Novartis AG to launch the first biosimilar drug in the United States as it declined on Wednesday to stop the sale of the company's copycat version of Amgen Inc's blockbuster cancer drug Neupogen. The U.S. Court of Appeals for the Federal Circuit in July said Novartis could begin to market its biosimilar...

  • WASHINGTON, Sept 2- Saudi Arabia is in advanced discussions with the U.S. government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the U.S. Navy, and could reach agreement by the end of the year, according to sources familiar with the talks. President Barack Obama in Washington this week, as Washington and Riyadh seek...

  • The American Egg Board, which is responsible for the "Incredible, Edible Egg" slogan, waged a campaign to counter the emergence of Hampton Creek's Just Mayo spread, and even tried to prevent its sale at Whole Foods grocery stores, according to documents provided to The Associated Press. Publicly, the American Egg Board has sought to downplay Hampton Creek as just...

  • NEW YORK— Cookie and clothing makers, a fitness studio and an old-fashioned five-and-dime retailer have made the cut in a competition to win a Super Bowl ad. Ten small businesses are finalists in the contest sponsored by software maker Intuit Inc. that will give the winner a 30- second spot during Super Bowl 50 on Feb. 7. —AnaOno, Philadelphia, maker of lingerie for...

  • The data issued Wednesday by the Federal Deposit Insurance Corp. showed continued improvement for the banking industry seven years after the crisis struck. The FDIC reported that U.S. banks earned $43 billion in the second quarter, up from $40.1 billion a year earlier. "The banking industry had another positive quarter as recent trends have continued," FDIC...

  • WASHINGTON— Orders to U.S. factories posted a modest gain in July, helped by the biggest rise in motor vehicles orders in a year and a solid gain in a category that tracks business investment plans. Factory orders rose 0.4 percent in July, the Commerce Department reported Wednesday. U.S. manufacturers must contend with a number of headwinds including a sharp...

  • WASHINGTON— U.S. businesses added jobs at a steady pace last month, with construction and manufacturing showing solid gains, a private survey found. Payroll processor ADP said Wednesday that businesses added 190,000 jobs last month, up from 177,000 in July, but below a six-month high in June of 231,000.. The figures suggest that turmoil in the financial markets...

  • WASHINGTON— US productivity advances at 3.3 percent rate in spring, best showing since late 2013..

  • WASHINGTON— U.S. productivity in the spring rose at the fastest pace since late 2013, while labor costs declined. Worker productivity increased at an annual rate of 3.3 percent in the April-June quarter, the Labor Department reported Wednesday. Productivity growth remains low, "said Patrick Newport, an economist at IHS Global Insight.

  • WASHINGTON— The Labor Department reports on productivity for the April-June quarter at 8:30 a.m. Eastern Wednesday. PRODUCTIVITY UP: Economists expect an annual growth of 2.8 percent in the second quarter, according to a survey by the data firm FactSet. SLOWER PRODUCTIVITY: A month ago, the government reported that productivity grew at an annual are of 1.3...

  • WASHINGTON— The Commerce Department will release its report on July orders to U.S. factories at 10 a.m. Eastern Wednesday. U.S. manufacturers must contend with a number of headwinds including a sharp slowdown in growth in China, a strong dollar and falling oil prices. On Tuesday, the Institute for Supply Management reported that its manufacturing index slid to...