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Top News & Analysis Washington DC

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  • WASHINGTON— Corporate America has jumped into the feud between hip-hop artists Drake and Meek Mill on the outside chance that taking a bite out of their social media beef might help them woo millennial customers. Whataburger, White Castle and Burger King flew into the Twitter storm with witty, sometimes sardonic commentary on the drama that has been playing...

  • WASHINGTON— The staff of the International Monetary Fund is recommending that China wait until at least October 2016 to join an exclusive club of the world's top currencies. China wants its currency, the yuan, included in a basket of currencies used in IMF operations along with the U.S. dollar, euro, British pound and Japanese yen. China believes it deserves to be...

  • WASHINGTON— Republican presidential contender Jeb Bush earned more than $9 million over the last 17 months from speaking fees and an assortment of business interests, including a health services firm in Puerto Rico and an online lending operation, according to newly released financial records. The former Florida governor listed assets worth between $13...

  • WASHINGTON, Aug 4- The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion. The report, published on Tuesday, comes after Beijing launched a major diplomatic push for...

  • WASHINGTON _ The Advisory Board Co. on Tuesday reported second-quarter profit of $8.7 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. For the current quarter ending in October, Advisory Board expects its per-share earnings to range from 12 cents to 15 cents.

  • The Securities and Exchange Commission is scheduled to vote Wednesday to formally adopt the rule, which will compel public companies to disclose the ratio between their chief executives' annual compensation and median employee pay. Although a handful of U.S. companies currently disclose the ratio of CEO compensation to rank-and-file worker's pay, they...

  • WASHINGTON— Figures on government spending and debt.

  • WASHINGTON— About 1.8 million households that got financial help for health insurance under President Barack Obama's law now have issues with their tax returns that could jeopardize their subsidies next year. "There's still time, but people need to take action soon," said Lori Lodes, communications director for the Centers for Medicare and Medicaid Services,...

  • WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.. WASHINGTON— Institute for Supply Management releases its service sector index for July, 10 a.m.. ROME— Italy's largest bank UniCredit announces its second-quarter earnings.

  • WASHINGTON— A federal appeals court has upheld a $96 million arbitration award to Chevron Corp. stemming from a 1990 s-era oil contract dispute with the government of Ecuador. The U.S. Court of Appeals for the District of Columbia Circuit on Tuesday rejected Ecuador's challenge to the 2011 award from the Netherlands- based international arbitration panel.

  • Texaco filed several lawsuits in the 1990 s accusing Ecuador of violating the contract. Calls for comment to a lawyer for Ecuador and the Ecuadorean embassy in Washington were not immediately returned. In the case at hand, Chevron initiated an arbitration proceeding at The Hague in 2006, claiming the Ecuadorean courts failed to resolve the lawsuits in a...

  • WASHINGTON— President Barack Obama spent his 54th birthday talking to a robotic teddy bear that teaches children how to manage their diabetes and watching a radio waves demonstration used to detect senior falls. The White House says about 3 percent of U.S. startups backed by venture capital are led by women. "We've got to make sure that everybody is getting a fair...

  • NEW YORK, Aug 4- Aetna Inc Chief Executive Mark Bertolini said on Tuesday the company is talking to federal and state officials on its $37 billion acquisition of Humana Inc and that there is enough insurance competition for it to receive approval. If Aetna or Humana need to divest in a market because of the competitive dynamics, "there will be plenty of competitors...

  • Even with such steps "the risk of infection transmission cannot be completely eliminated," the FDA said in an online statement. Despite the risks of infection, the FDA says the devices should remain available because they benefit "appropriately selected patients." The FDA came under heavy criticism earlier this year for its oversight of the hard-to-clean...

  • WASHINGTON— A federal appeals court has revived a lawsuit accusing MasterCard, Visa and three major banks of illegally fixing ATM prices at the expense of consumers. The federal appeals court in Washington ruled Tuesday that a group of consumers and independent ATM operators could pursue antitrust claims against the companies. But the appeals court said...

  • 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— 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.

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

  • 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,...