Top News & Analysis Washington

  • WASHINGTON— Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints. The Consumer Financial Protection Bureau filed the federal lawsuit against Navient Corp. and two subsidiaries on...

  • A shooter takes aim with a Remington Model 700 SPS Varmint rifle at the Spurwink Rod and Gun Club in Cape Elizabeth, Maine, Jan. 28, 2013.

    Several attorneys general are urging a federal judge to reject a proposed class action settlement involving allegedly defective Remington rifles.

  • NEW YORK, Jan 18- U.S. Treasury yields rose on Wednesday after data showed rising consumer prices and as investors awaited a speech by Federal Reserve Chair Janet Yellen. Yellen is due to speak at 3 p.m. EST about monetary policy to the Commonwealth Club in San Francisco.

  • Jan 18- Alaska Air Group Inc said on Wednesday it expects to record $82 million in the fourth quarter in costs related to the $2.6 billion acquisition of Virgin America Inc.. The Seattle- based company said it expected unit revenue, a closely watched performance metric, for the fourth quarter ended Dec. 31, in the range of 11.24 cents to 11.29 cents, including Virgin...

  • Tom Price is facing pointed questions about President-elect Donald Trump's health policies— and his own investments in health care companies— from senators considering his selection as health secretary. While Price, an orthopedic surgeon-turned-lawmaker, is largely a known quantity on Capitol Hill, Trump's bottom line on health care remains a mystery for...

  • Puget Sound has a 50 percent share of Colstrip Units 1 and 2, which were built in the 1970 s. Puget Sound representatives warned that could happen sooner given that co-owner Talen Energy wants to exit its role as Colstrip's day-to-day operator by mid-2018. The ownership group is seeking a third party to take over as operator, with initial bids due in February, said...

  • SEATTLE _ Washington Federal Inc. on Tuesday reported fiscal first-quarter net income of $41.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Washington Federal shares have fallen 2.5 percent since the beginning of the year.

  • Jan 17- Boeing Co's chief executive said on Tuesday that he and President-elect Donald Trump "made progress" on lowering the cost of the Air Force One presidential aircraft fleet and on a potential sale of Boeing fighter aircraft, and suggesting a deal could be struck soon. Boeing CEO Dennis Muilenburg's visit to Trump Tower on Tuesday marked another step in...

  • WASHINGTON— Insurance premiums would soar for millions of Americans and 18 million more would be uninsured in just one year if Republicans scuttle much of President Barack Obama's health care overhaul without a replacement, Congress' budget analysts said Tuesday. Spotlighting potential perils for Republicans, the report immediately became a flashing...

  • NEW YORK— Moody's Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years leading up to the financial crisis. Moody's— along with the other two major rating agencies, Standard& Poor's and Fitch— were widely criticized for giving low-risk ratings to the risky mortgage...

  • Jan 13- Wal-Mart Stores Inc on Friday announced a management shuffle that integrates the running of its physical outlets and online operations, and extends broader authority to the former head of online retailer Jet.com, which Wal-Mart bought for $3.3 billion last year. Tony Rogers, the chief marketing officer of Wal-Mart in the United States, will now also...

  • BILLINGS, Mont.— President Barack Obama's administration scaled back new safety measures for the sprawling network of fuel pipelines that crisscross the United States on Friday, following oil industry complaints that proposed changes would cost companies billions of dollars. Documents show the pipeline repair criteria was altered to give companies more...

  • NEW YORK/ LONDON, Jan 13- The price of gold turned higher on Friday, hovering below the prior session's seven-week top as the U.S. dollar weakened and U.S. Spot gold was 0.2 percent higher at $1,197.99 an ounce by 3:09 p.m. EST. U.S. gold futures settled down 0.3 percent at $1,196.20 per ounce, ahead of the U.S. holiday on Monday, when the market will close early. 1/ 8...

  • *Libya's oil production up to 750,000 bpd- deputy PM. NEW YORK, Jan 13- Oil prices fell on Friday and ended the week 3 percent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • RIG-OL-USA- BHI> That decline ended the longest weekly streak of adding rigs since August 2011. The Baker Hughes oil rig count plunged from a record 1,609 in October 2014 to a six-year low of 316 in May as U.S. crude collapsed from over $107 a barrel in June 2014 to near $26 in February 2016. U.S. crude futures were trading around $53 a barrel on Friday and set for a weekly...

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • TRENTON, N.J.— Officials with Amazon have announced that the popular online retailer plans to add 2,500 new full-time jobs in New Jersey over the next year and a half. New positions are also available in Washington, Texas, California, Kentucky, Illinois and Florida. Amazon already employs a total of 11,000 workers at seven sites in New Jersey.

  • WASHINGTON— Americans with no more than a high school diploma have fallen so far behind college graduates in their economic lives that the earnings gap between college grads and everyone else has reached its widest point on record. College graduates, on average, earned 56 percent more than high school grads in 2015, according to data compiled by the Economic...

  • SEATTLE— Two former Microsoft workers are claiming their work reviewing abuse, child pornography and other graphic material flagged for removal caused them post-traumatic stress disorder. The Seattle Times reported Wednesday that Henry Soto and Greg Blauert have filed a lawsuit against Microsoft Corp. claiming the technology company was negligent and...

  • NEW YORK/ WASHINGTON, Jan 12- Amazon.com Inc on Thursday said it plans to create more than 100,000 jobs in the United States, from software development to warehouse work, becoming the latest company to boast a hiring spree since Donald Trump won the U.S. presidential election in November. The new hires, from Florida to Texas and California, will be key to the...