Top News & Analysis Washington DC

  • Speaker includes- European Commission President Jean-Claude Juncker, European Parliament President Martin Schulz, Netherlands Finance Minister and Eurogroup President Jeroen Dijsselbloem and other officials- 0800 GMT. PARIS- French Finance Minister Michel Sapin and Italian Economy Minister Pier Carlo Padoan will speak about growth in Europe and the...

  • Dec 8- Washington state filed an environmental lawsuit on Thursday against agricultural company Monsanto Co seeking damages and cleanup costs associated with the company's production of PCBs, the state's attorney general said. The lawsuit- against Monsanto and two of its splinter companies, Solutia Inc and Pharmacia LLC- seeks compensation for damages to...

  • WASHINGTON— Airlines passengers would be allowed to make phone calls during flights using Wi-Fi with the permission of the air carrier under regulations the Department of Transportation proposed Thursday. The Federal Communications Commission prohibits passengers from making cellphone calls during flights, but not Wi-Fi calls. Sara Nelson, president...

  • WASHINGTON— The likelihood that young adults will earn more than their parents has plummeted in recent decades, a study has found, fueling concerns that the American dream of steady upward mobility is foundering amid a widening wealth gap. Just half of Americans born in 1984 earned more at age 30 than their parents did at that age, down from 92 percent in 1940,...

  • President-elect Donald Trump next week as Brazil looks for business opportunities that could open up if Trump follows through on campaign promises to rewrite a trade deal with Mexico. Brazilian industries, benefiting from a weaker real currency, could increase their market share in the United States if Trump makes good on his threats to rework or withdraw...

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

  • President Barack Obama delivers a statement on the counter-ISIL campaign in the Pentagon briefing room December 14, 2015 in Arlington, Virginia.

    The Senate passed the annual defense policy bill without controversial provisions such as requiring women to register for the draft.

  • During the 21- day stretch from Dec. 16 through Jan. 5, between 1.8 million and 2.4 million passengers daily will fly globally aboard U.S. carriers, according to the Washington- based trade group. "As we saw over Thanksgiving, U.S. airlines are well positioned to handle the increase in passengers expected this holiday season," he added. Airlines for America said it...

  • WASHINGTON— President-elect Donald Trump is expected to add another wealthy business person and elite donor to his Cabinet, with fast-food executive Andrew Puzder as Labor secretary. Together with his wife, Puzder contributed $150,000 in late May to Trump's campaign and Republican Party partners, fundraising records show. "We've reached the point where...

  • FRANKFURT, Dec 8- China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to China buying up firms with...

  • WASHINGTON— A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans. The Federal Reserve said Thursday that real estate values increased $554 billion in the third quarter, while Americans' stock and mutual fund portfolios rose...

  • MINEOLA, N.Y.— Commercial fishing companies, trade groups and three fishing-based municipalities are seeking to delay the lease sale of an Atlantic Ocean site between New York and New Jersey that federal officials envision as the home of a massive offshore wind energy project. The Associated Press obtained a copy of a 45- page motion ahead of its filing...

  • WASHINGTON— Long-term U.S. mortgage rates climbed for the sixth straight week in the aftermath of Donald Trump's election win, marking new highs for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed rate loan jumped this week to 4.13 percent from 4.08 percent the previous week. The benchmark rate surpassed its 3.95 percent...

  • Hillary Clinton says fake news is an "epidemic" and "a danger that must be addressed and addressed quickly." Clinton is on Capitol Hill for a portrait unveiling in honor of retiring Senate Minority Leader Harry Reid. Hillary Clinton has made her first trip to the Capitol complex since her presidential election loss to Donald Trump.

  • FRANKFURT, Dec 8- China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt. The collapse of the Aixtron deal comes amid growing objections in Germany and the United States to China buying up firms with...

  • WASHINGTON— Fewer Americans signed up for unemployment benefits last week, another sign the U.S. job market remains healthy. THE NUMBERS: The Labor Department said Thursday that weekly claims for jobless aid slid by 10,000 to a seasonally adjusted 258,000. The less-volatile four-week average rose by 1,000 to 252,500. Overall, 2.01 million Americans are...

  • Trump may hold onto his business after all

    The New York Times reports Donald Trump intends to keep a stake in his empire and resist calls to divest.

  • DETROIT— Hyundai is recalling more than 41,000 older minivans because the hoods can fly open while they're being driven. Hyundai says a secondary hood latch can rust and remain in the unlatched position. The cold-weather states include Alaska, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota,...

  • FRANKFURT, Dec 8- China's Fujian Grand Chip Investment Fund has dropped its takeover bid for German chip equipment maker Aixtron after U.S. Fujian's takeover vehicle Grand Chip Investment said on Thursday its offer had lapsed as it had failed to obtain U.S. regulatory approval for the purchase, which had been a condition of the deal. Shares in Aixtron were down...

  • LONDON/ MOSCOW, Dec 8- Italian bank Intesa Sanpaolo is expected to provide a large chunk of funds to a consortium of Qatar and commodities trader Glencore to finance their purchase of a stake in the Kremlin oil major Rosneft, two sources familiar with the transaction said. Russia said on Wednesday it had sold a 19.5 percent government stake in Rosneft for 10.5...