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Top News & Analysis Washington DC

  • NEW YORK, May 22- The dollar fell to a more than six-month low against a basket of currencies on Monday, extending its losses from last week, as an uncertain U.S. political climate and a buoyant euro weighed on the greenback. It fell to a low of 96.797, its lowest since Nov. 9, earlier in the session. "I think it is a continuation of the move we have seen since mid-April," said...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The ruling is likely to lessen the steady flow of patent...

  • May 22- Puma Biotechnology's experimental breast cancer drug appears to be effective, though there is some uncertainty as to the magnitude of the benefit, a preliminary review by the U.S. Food and Drug Administration concluded on Monday. The review sent the company's shares up as much as 84 percent to $69.35 in early trading before they dropped back to $52.35.

  • WASHINGTON— Uncertainty over the future of health care for millions grew deeper Monday as insurers released a blueprint for stabilizing wobbly markets and the Trump administration left in limbo billions of dollars in federal payments. The BlueCross BlueShield Association represents plans that are the backbone of insurance markets under the Affordable...

  • NEW YORK, May 22- The dollar slipped to a more than six-month low against a basket of currencies on Monday, extending its losses from last week, as an uncertain U.S. political climate continues to weigh on the greenback. It fell to a low of 96.797, its lowest since Nov. 9, earlier in the session. "I think it is a continuation of the move we have seen since mid-April," said Omer...

  • WASHINGTON— The Supreme Court on Monday made it easier for companies to defend themselves against patent infringement lawsuits in a ruling that places strict limits on where such cases can be filed. The case involved an appeal from TC Heartland, an Indiana- based food sweetener company sued by Kraft Foods in Delaware. But the Supreme Court's ruling will have the...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The dispute began when Heartland, a subsidiary of...

  • President Donald Trump's alleged links to Russia and his firing of former FBI chief James Comey raised concerns about his ability to push through promised fiscal stimulus. U.S. stocks gained on Monday, but yields edged lower and the dollar plunged to a six-month low when the euro rallied after German Chancellor Angela Merkel said it was "too weak" for Germany.

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The justices sided 8-0 with beverage flavoring company...

  • Technology companies are closing in on all-time highs and continued to rise Monday, led by big names like Cisco Systems and Qualcomm. Aerospace and defense companies rose after President Donald Trump presided over a huge sale of military equipment to Saudi Arabia. Sameer Samana, a strategist for Wells Fargo Investment Institute, said people continue to spend...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to $1 billion extra for government coffers. Before 2008, companies with activities in Michigan and outside the state could limit their tax liability by...

  • May 22- Wall Street gained in early trading on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia. President Donald Trump visited Saudi Arabia over the weekend, on his first foreign trip since taking office and one that the White House hopes will shift the focus away from domestic...

  • WASHINGTON— The Supreme Court is rejecting challenges by IBM, Goodyear and other businesses seeking more than $1 billion in tax refunds from Michigan. Rick Snyder signed a measure into law in 2014 that affected business taxes back to 2008. The law was upheld by a Michigan appeals court.

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • LONDON, May 22- The euro hit a more than six-month high against the dollar on Monday after Germany's Angela Merkel prefaced a summit of G7 leaders later this week by saying a "too weak" currency was behind her country's massive trade surplus. Speaking to students at a secondary school in Berlin, Merkel said that Germany's huge export earnings were propelled by two...

  • May 22- Wall Street looked set to open slightly higher on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia. President Donald Trump visited Saudi Arabia over the weekend, on his first foreign trip since taking office and one that the White House hopes will shift the focus away...

  • May 22- Gold extended its biggest weekly gain in five weeks as a weaker U.S. dollar and political turmoil in the United States fueled demand for bullion as a safe haven and reduced expectations of rapid U.S. interest rate rises. President Donald Trump's alleged links to Russia and his firing of former FBI chief James Comey raised concerns about his ability to push...

  • U.S. customers bought goods from Europe's biggest economy worth 29.1 billion euros, keeping the U.S. as the biggest client for' Made in Germany' products, Federal Statistics Office figures reviewed by Reuters showed. Since German clients imported much less U.S. goods from January-March, Germany's trade surplus with the United States swelled to nearly 14...