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Top News & Analysis Washington DC

  • 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.

  • MONTGOMERY, Ala.-- Alabama Power's agreements to purchase wind-generated power put it among the leading investor-owned utilities in the Southeast to pursue the renewable source, a national organization said.

  • WASHINGTON, Oct 1- The U.S. Supreme Court on Monday refused to consider a Michigan blogger's challenge of the use of full-body scanners and thorough pat-downs at airport checkpoints.

  • WASHINGTON-- Expect to see fewer products pitched as "environmentally friendly" if the government has its way. Hoping to limit the number of deceptive claims, the Federal Trade Commission on Monday released an updated version of its green marketing guidelines that hold companies to truthful standards in marketing their products.

  • 1130/ 1530: The Treasury Dept. holds weekly sale of 4- week bills. 1630/ 2030: The American Petroleum Institute issues weekly national petroleum report. ----------------------------------------------------------DIARY- Federal Reserve Events U.S.