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Top News & Analysis Washington DC

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  • 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. It also ended up squeezing out some growth in the first quarter, reversing an earlier estimate that the economy shrank at the start of the year.

  • 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.

  • 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.

  • 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.

  • Vanda reports 2Q loss 15 Hours Ago

    WASHINGTON _ Vanda Pharmaceuticals Inc. on Wednesday reported a loss of $5.4 million in its second quarter. The Washington- based company said it had a loss of 13 cents per share. Keywords: Vanda Pharmaceuticals, Earnings Report.

  • NEW YORK— A former software engineer at a prominent California law firm was sentenced Wednesday to two years in prison for insider trading by a judge who noted that he should have realized the dangers of what he was doing when one of his firm's lawyers was arrested on the same charges in a separate prosecution. District Judge Paul A. Engelmayer in Manhattan told...

  • WASHINGTON— Air safety investigators have a "high degree of confidence" that aircraft debris found in the Indian Ocean is of a wing component unique to the Boeing 777, the same model as the Malaysia Airlines plane that disappeared last year, a U.S. official said Wednesday. A French official close to an investigation of the debris confirmed Wednesday that French...

  • Earlier this week, U.S. crude prices hit four-month lows and Brent, the more important global benchmark, neared a six-month trough as a global oil glut, resurgent dollar and stock market tumble in top energy consumer China took a toll. "I see a rebound of about five bucks off the recent lows in the most likely scenario," said Chris Jarvis at Caprock Risk Management, an...

  • WASHINGTON— Treasury Secretary Jacob Lew told Congress on Wednesday that he will extend for another three months the authority he is using to take emergency measures to keep from breaching the nation's borrowing limit. The Congressional Budget Office has estimated that the bookkeeping maneuvers should keep the government's borrowing below the new limit...

  • WASHINGTON— The University of Phoenix, which runs an online college popular among military veterans, is under federal investigation for possible deceptive or unfair business practices, its parent company the Apollo Education Group told shareholders Wednesday. Since 2009, when the GI Bill expanded student aid benefits for veterans, the University of...

  • WASHINGTON, July 29- The United States is in talks to reach an agreement on currency policy with all its partners in a potential Asia-Pacific trade pact, a U.S. Treasury official said on Wednesday. "We are discussing with all of our TPP partners provisions to promote our mutual interest in preventing unfair currency practices," the official said, referring to the...

  • WASHINGTON— Figures on government spending and debt.

  • NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...

  • *Crude futures rise $1 before ending off highs on strong dollar. NEW YORK, July 29- Oil settled higher on Wednesday, recovering from multi-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures lost more than $10 a barrel over the...