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Top News & Analysis Washington DC

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  • NEW YORK— A business trip might leave you too tired to venture out for dinner. Elizabeth McCourt, a headhunter and executive coach with her own company, McCourt Leadership Group, is a foodie who loves trying great restaurants when she travels, from Alice Waters' Chez Panisse in Berkeley, California, to Paul Prudhomme's K-Paul's Louisiana Kitchen in New Orleans.

  • WASHINGTON— An International Monetary Fund official says the IMF cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief. Briefing reporters on condition of anonymity, the official says Greece needs to commit to reforms and creditors must provide debt relief— extending loan...

  • WASHINGTON— The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading. The justices should reverse the December ruling by the 2nd U.S. Circuit Court of Appeals in...

  • WASHINGTON, July 30- The final version of the U.S. Environmental Protection Agency's Clean Power Plan, a major air pollution regulation aimed at curbing carbon emissions from power plants, is scheduled for release on Monday. However, in December 2011, the court did block an EPA air regulation to limit pollution crossing state lines. David Doniger, a lawyer with the...

  • Oil has lost more than $10 a barrel over the past month, with global benchmark Brent nearing a six-month trough earlier this week and U.S. futures near four-month lows, amid a global glut, resurgent dollar and recent stock market tumble in China. Brent was up 50 cents, or 1 percent, at $53.88 a barrel by 10:27 a.m. EDT, extending its slight rise in the previous session.

  • WASHINGTON— In a story July 29 about U.S. regulations and big game hunting, The Associated Press erroneously referred to The Human Society of the United States. It is The Humane Society of the United States. WASHINGTON— The U.S. Fish and Wildlife Service says it is ready to assist Zimbabwe in its investigation of an American dentist's killing of a protected African...

  • PORTLAND, Ore., July 30- Greenpeace protestors dangling from a bridge on Thursday in Portland, Oregon, halted an icebreaker that Royal Dutch Shell needs in northern Alaska before it can start drilling into the region's oil zone. The 13 Greenpeace protestors, who rappelled down from the bridge over the Willamette River early on Wednesday, are hoping to shorten...

  • WASHINGTON— Average long-term U.S. mortgage rates fell for a second straight week, with the key 30- year rate slipping below 4 percent. Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage declined to 3.98 percent this week from 4.04 percent a week earlier. The rate on 15- year fixed-rate mortgages eased to 3.17 percent from...

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • But there are signs of slowing momentum around major job hubs such as New York, Los Angeles and Washington. Real estate data firm Zillow said Thursday that U.S. rental prices rose a seasonally adjusted 4.3 percent in June from a year ago. "Rents are insanely unaffordable on a historical basis in the United States right now," said Stan Humphries, chief economist at...

  • WASHINGTON _ FTI Consulting Inc. on Thursday reported second-quarter earnings of $21.7 million. FTI Consulting expects full-year earnings in the range of $1.95 to $2.15 per share, with revenue in the range of $1.75 billion to $1.85 billion. FTI Consulting shares have climbed 6.5 percent since the beginning of the year.

  • WASHINGTON _ Dupont Fabros Technology Inc. on Thursday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 62 cents per share. For the current quarter ending in September, Dupont Fabros expects its per-share funds from operations to...

  • WASHINGTON— More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still point to a healthy job market. Applications for jobless aid rose 12,000 to a seasonally adjusted 267,000, the Labor Department said Thursday. The four-week average, a less volatile figure that is a better measure of underlying...

  • WASHINGTON— The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year. The Commerce Department said Thursday that the gross domestic product, the economy's total output of goods and services, grew at a 2.3 percent annual rate in the...

  • WASHINGTON— Applications for US unemployment benefits rose last week to still-low level of 267,000..

  • WASHINGTON— The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments. The economy expanded at just a 2 percent annual rate from 2012 through 2014, down from a previous estimate of 2.3 percent, the Commerce Department said...

  • WASHINGTON— The Labor Department reports on the number of people who applied for unemployment benefits last week at 8:30 a.m. Eastern Thursday. INCREASE LIKELY: Economists forecast that the number of people seeking unemployment aid rose to a still-low 270,000 last week, up from 255,000 the previous week, according to a survey by data firm FactSet.

  • WASHINGTON— After a terrible winter, the economy is improving, with a solid rebound in the spring expected to be followed by stronger growth in the second half of the year. That's the view of many economists who think a steadily improving job market will give households more income to spend and boost consumer spending, which drives about 70 percent of the economy.

  • But there are signs of slowing momentum around New York, Los Angeles and Washington. Rents continue to jump at double-digit rates in Denver, San Francisco and San Jose, California. Median prices slipped month over month in the New York metro area by $15 to $2,340, while also dropping slightly in Washington and flat-lining in Los Angeles.

  • WASHINGTON— Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.