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Top News & Analysis Washington DC

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  • 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...

  • BEIJING— China's Defense Ministry on Thursday accused the U.S. of militarizing the South China Sea as Beijing makes increasingly bold moves to assert its claim to virtually all of the sea's waters, islands and reefs. Speaking at a monthly news conference, Yang said China rejected such claims totally and accused the U.S. of ulterior motives.

  • 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.

  • US home rental prices climb again in June Thursday, 30 Jul 2015 | 12:02 AM ET

    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.

  • Vanda reports 2Q loss Wednesday, 29 Jul 2015 | 6:21 PM ET

    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...