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Top News & Analysis Washington DC

  • WASHINGTON-- U.S. orders for long-lasting U.S. manufactured goods surged in September, buoyed by a jump in volatile aircraft orders that offset another weak month of business investment. The Commerce Department said Thursday that orders for durable goods jumped 9.9 a percent last month.

  • WASHINGTON-- Weekly applications for U.S. unemployment aid fell last week to a seasonally adjusted 369,000, a level consistent with modest hiring. The Labor Department said Thursday that unemployment benefit applications dropped by 23,000, from a revised 392,000 the previous week.

  • WASHINGTON-- Orders for long-lasting U.S. manufactured goods surged in September by the largest amount in nearly three years, reflecting a rebound in aircraft orders. But a key category that tracks business investment showed weakness for a fourth straight month, indicating companies remain uncertain about the future.

  • LONDON, Oct 25- An Iranian partner of Huawei Technologies Co Ltd, a Chinese company that has denied breaking U.S. sanctions, last year tried to sell embargoed American antenna equipment to an Iranian firm, according to documents and interviews.

  • The new charge is for Floyd Lee Corkins II, who was arrested in August and charged with opening fire inside the lobby of the Family Research Council building in downtown Washington.

  • LEESBURG, Va.-- In many ways, it's an odd topic to make a central campaign issue: sequestration. Many voters greet the word with a blank stare or slightly glazed eyes, and when Republican George Allen brings up the issue in his Senate campaign, he first has to explain what he's talking about.

  • WASHINGTON-- Orders for long-lasting U.S. manufactured goods likely increased in September, reflecting a rebound in volatile commercial aircraft demand and a jump in retail spending. Economists expect orders for durable goods rose 7 percent in September, according to a survey by FactSet.

  • WASHINGTON-- The number of Americans seeking unemployment benefits likely stabilized last week after seasonal factors distorted the previous two weeks. The Labor Department will release the report at 8:30 a.m. EDT Thursday. The Labor Department cautioned that the two weeks were affected by technical factors.

  • *Low rates cut interest income by $400 billion since 2008. WASHINGTON, Oct 25- The Federal Reserve's strategy of holding interest rates near zero to spur the U.S. economy is creating a level of uncertainty for American savers that may be softening the policy's punch.

  • The most pressing economic issue facing Washington _ whether President Barack Obama or Republican Mitt Romney wins _ is a looming deadline for across-the-board spending cuts and tax increases. Some $100 billion will be sliced from federal budgets and taxes will rise by $400 billion if the government goes over the so-called "fiscal cliff" in early January.

  • ANN ARBOR, Mich.-- Fourteen Middle Eastern and North African entrepreneurs are at the University of Michigan as part of a State Department- sponsored program that partners university experts with area community organizations. The program participants are from Algeria, Egypt, Israel, Morocco and Tunisia.

  • WASHINGTON, Oct 24- Biofuels made from algae, promoted by President Barack Obama as a possible way to help wean Americans off foreign oil, cannot be made now on a large scale without using unsustainable amounts of energy, water and fertilizer, the U.S. National Research Council reported on Wednesday.

  • BEIRUT/ CAIRO- Syria said on Wednesday its military command was still studying a proposal for a holiday ceasefire with rebels- contradicting international mediator Lakhdar Brahimi's announcement that Damascus had agreed to a truce.

  • WASHINGTON, Oct 24- South Korea's Samsung Electronics, the world's top maker of smartphones, infringed Apple patents to make its smartphones and tablets, a U.S. trade panel judge said in a preliminary decision issued on W edn esday. The full International Trade Commission will decide in February whether to uphold or reject the judge's decision.

  • NEW YORK, Oct 24- The dollar held gains against the euro on Wednesday after the Federal Reserve delivered no surprises at its policy meeting, sticking to its stimulus plan to boost a still sluggish U.S. economy and keeping rates low for some time.

  • *Fed continues with $40 billion/ month bond buying. WASHINGTON, Oct 24- The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.

  • NEW YORK, Oct 24- The dollar held gains against the euro o n Wednesday after t he Federal Reserve p rovided no surprises at its policy meeting, sticking to its st imulus plan to boost a still sluggish U.S. economy and keeping rates low for some time.

  • WASHINGTON, Oct 24- President Barack Obama says he's confident that if re-elected he will secure within six months a deficit-reduction deal with Republicans equivalent to the ``grand bargain'' he failed to achieve last year. After the newspaper complained in a blog, the White House relented and released a transcript of the interview on Wednesday.

  • WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to the highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • *Boeing shares down 0.3 pct, General Dynamics up 2.3 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and solid margins despite weakening sales.