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Top News & Analysis Washington DC

  • WASHINGTON, Oct 2- Federal and state officials pledged on Tuesday to bring more cases against misconduct that fueled the financial crisis, after New York sued JPMorgan Chase& Co late Monday over mortgage-backed securities packaged and sold by Bear Stearns.

  • WASHINGTON, Oct 2- Last year's sale from U.S. emergency crude oil reserves has helped battle shrinking capacity or "creep" at the 62 salt caverns in Texas and Louisiana that form the Strategic Petroleum Reserve, the Energy Department's inspector general said on Tuesday.

  • Ralls Corp said when Obama ordered the company last week to divest its projects due to national security risks, he exceeded his power by dictating the terms of the sale, allowing the government to inspect all aspects of its operations and not treating the company equally as required under the law.

  • The two advisers, who started at the same Prudential Securities office in Washington, D.C. in 1997, moved to Wells Fargo& Co's independent broker-dealer on Tuesday. Luts and Greenleigh moved to Citigroup's Smith Barney in 2004 after their old firm, Prudential Securities, was bought by Wachovia.

  • NEW YORK-- Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop `til they drop like they have been in the past two years.

  • WASHINGTON, Oct 2- U.S. antitrust regulators found no wrongdoing in a deal made four years ago between German drugmaker Bayer AG and a division of Teva Pharmaceuticals to end patent litigation over the popular Yasmin birth control pill.

  • WASHINGTON-- The federal government on Tuesday threw its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities. Bear Stearns was sold to JPMorgan Chase in 2008..

  • NEW YORK-- Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop `til they drop like they have been in the past two years.

  • By Kevin Drawbaugh and Kim Dixon. Here are some questions worth asking Democratic President Barack Obama and Republican challenger Mitt Romney on taxes. Politicians often talk about fixing it, but so far, no Congress or White House has been able to match President Ronald Reagan's historic, bipartisan 1986 tax reform.

  • *U.S. office rents inch up 0.3 percent- Reis report. NEW YORK, Oct 2- The U.S. office market recovery remained stalled in the third quarter as uncertainty over the upcoming federal elections, U.S. tax policy and Europe's fiscal problems crimped job growth, keeping demand for office space limp and rent growth anemic.

  • WASHINGTON, Oct 1- A Kentucky businessman was arrested on Monday and charged with evading $53 million in taxes in a multi-faceted case stemming from an ongoing U.S. investigation of failed Park Avenue Bank.

  • DETROIT-- Interest rates are low, trade-in values are high, and carmakers are rolling out attractive new models in key areas. All of these factors combined to keep auto sales strong in September.

  • WASHINGTON, Oct 1- The White House got some good news on Monday when Lockheed Martin said it would not issue notices of possible job reductions before the Nov. 6 election.

  • Oct 1- U.S. prosecutors on Monday announced expanded charges against five former employees of Bernard Madoff's firm, in an indictment that dates the conspiracy to defraud clients to roughly two decades earlier than previously alleged.

  • WASHINGTON-- Interest rates on short-term Treasury bills fell in Monday's auction with rates on three-month bills dropping to the lowest level since early June. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.085 percent, down from 0.110 percent last week.

  • *Leaks have caused crisis for Vatican. VATICAN CITY, Oct 2- Pope Benedict's former butler is to give evidence for the first time on Tuesday on the second day of his trial for stealing documents he hoped would expose corrupt dealings in the Vatican.

  • NASHVILLE, Tenn.-- The security contractor at the Y-12 nuclear weapons plant in Tennessee was fired Monday after authorities said three protesters cut through fences and vandalized a building in an unprecedented break-in.

  • *SEC can't impose limits on HFT without consensus-official. *Retail investors looking for SEC to lead on HFT reform.

  • *FDA chief calls for help from private industry. FDA chief Margaret Hamburg predicted on Monday that her agency "very soon" will issue new regulations needed to enforce the Food Safety Modernization Act, a sweeping piece of legislation enacted to upgrade the security of the U.S. food supply after a deadly salmonella outbreak in 2009..

  • The settlement, which was dated Sept. 27 and announced by the SEC and Perry's lawyer on Monday, resolves one claim about whether details about a capital contribution should have been disclosed in May 2008.