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Top News & Analysis Washington DC

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  • WASHINGTON— More Americans applied for unemployment benefits last week, but applications remain at historically near low levels in a positive sign for the U.S. economy amid a broader global slowdown. The Labor Department said Thursday that weekly applications for unemployment aid rose 12,000 to a seasonally adjusted 282,000. The four-week average, a less...

  • WASHINGTON— The Institute for Supply Management reports on growth at U.S. service firms in August. The ISM will release its services index Thursday at 10 a.m. Eastern. SLOWER EXPANSION: Economists expect the index fell modestly in August to 58.3, down from a 10- year high of 60.3 in July, according to a survey by the research firm FactSet.

  • WASHINGTON— The Labor Department reports on the number of people who applied for unemployment benefits last week at 8:30 a.m. Eastern Thursday. Hiring at that pace would reinforce the resilience of the U.S. economy amid uncertainty about China's financial health, a Canadian economy that just slid into recession and the stock market sell-off of the past...

  • WASHINGTON— The Commerce Department reports on the U.S. trade gap for July at 8:30 a.m. Eastern Thursday. US DEMAND: The deficit in June widened by 7 percent to $43.8 billion, up from $40.9 billion in May, as solid consumer spending pulled in more imports while the strong dollar restrained exports. Labor disputes at West Coast ports in the first quarter delayed...

  • *Zarxio priced at 15 pct less than Amgen's Neupogen. *Amgen unsuccessful in attempt to block Zarxio launch. The arrival of biosimilars threatens companies heavily reliant on biotech drugs, such as Amgen, AbbVie and Roche, and Citigroup analysts have predicted a transfer of at least $110 billion of value from innovator companies to copycat producers in the next...

  • *Ukraine simmers after moves to give more autonomy to rebels. *Chances of fulfilling end-of-year aims of Minsk deal seem dim. *Poroshenko sees hope in West keeping sanctions on Russia.

  • ZURICH/ LONDON, Sept 3- Novartis kicked off a new era in U.S. medicine on Thursday with the launch of the first "biosimilar" copy of a biotechnology drug approved in the United States, following a green light from a U.S. appeals court. Novartis unit Sandoz said Zarxio, its form of Amgen's white blood cell-boosting product Neupogen, would increase access to an important...

  • DIARY- Top Economic Events to Sept 15 Wednesday, 2 Sep 2015 | 8:01 PM ET

    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— 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.

  • 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...

  • Figures on government spending and debt Wednesday, 2 Sep 2015 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • Fed report shows autos and housing fueling US growth Wednesday, 2 Sep 2015 | 2:00 PM ET

    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...

  • APNewsBreak: Egg group scrambled over eggless mayo maker Wednesday, 2 Sep 2015 | 11:41 AM ET

    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...