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Top News & Analysis Washington DC

  • *Argentina says court battle not over; bond prices fall. Oct 26- A U.S. appeals court said Argentina improperly discriminated against bondholders who refused to take part in two massive debt restructurings, setting back the country's efforts to recover from a roughly $100 billion default a decade ago.

  • Oct 26- U.S. electric companies from Maine to Florida were bracing for heavy wind, rain and flooding that could take down power lines and threaten to close some East Coast nuclear plants early next week when Hurricane Sandy comes ashore.

  • WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter as a last minute spurt in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.

  • WASHINGTON-- Staffers at a pharmacy linked to the deadly meningitis outbreak documented dozens of cases of mold and bacteria growing in rooms that were supposed to be sterile, according to federal health inspectors.

  • WASHINGTON, Oct 26- Fannie Mae and Freddie Mac are expected to require less taxpayer aid and may be able to stop tapping government coffers as early as next year, the U.S. housing regulator said on Friday, partly because the health of the bailed-out companies has improved.

  • The Federal Deposit Insurance Corp. seized NOVA Bank, based in Berwyn, Pa.. The FDIC said it was unable to find a financial institution to take over the failed bank's operations, so it will retain NOVA's assets for later disposition. The lender is the second FDIC- insured institution in Pennsylvania to fail this year.

  • Oct 26- U.S. electric companies from Maine to Florida were bracing for heavy wind, rain and flooding that could take down power lines and threaten to close some East Coast nuclear plants early next week when Hurricane Sandy comes ashore.

  • *Argentina treated bondholders unequally- court. NEW YORK, Oct 26- A U.S. appeals court said Argentina improperly discriminated against bondholders who refused to take part in two massive debt restructurings, setting back the country's efforts to recover from a roughly $100 billion default a decade ago.

  • WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter a s stepped-up purchases by consumers an d a surprise turnaround in government sp ending of f set the first cutback in business investment in more than a year.

  • Voters who are still undecided about the presidential election aren't likely to be swayed by Friday's mixed report from the Commerce Department. "For the average American, I don't think changes in quarterly GDP" make a big difference in their perception of the economy, said Andrew Kohut, president of the Pew Research Center. "

  • NASSAU, Bahamas-- Hurricane Sandy spun away from the Bahamas late Friday after causing 40 deaths across the Caribbean, churning northward toward the U.S. East Coast, where it threatens to join with winter weather fronts to create a super storm.

  • WASHINGTON-- The worst drought in decades didn't just shrivel corn and soybeans. It shrank economic growth too. That means normal weather would have lifted economic growth to 2.4 percent for the quarter, the Commerce Department said.

  • The offers cover passengers flying in or out of just about any airport from Latin America to New Hampshire. The airlines have only canceled a handful of flights so far, nearly all of them in and out of Florida and the Caribbean. Hurricane Sandy killed at least 20 people in the Caribbean, and left Bahamas this afternoon.

  • WASHINGTON-- It's halftime for the season of corporate earnings reports, and investors are in desperate need of a locker-room pep talk.

  • WASHINGTON-- A storm of heavy rain and wind may knock out electricity to hundreds of thousands of customers in the Washington D.C. region. Officials at Pepco Holdings Inc., the utility that serves D.C. and parts of Maryland, say customers may be without power for days because sustained winds may prevent crews from doing immediate repair work.

  • NASSAU, Bahamas-- Hurricane Sandy rolled out of the Bahamas on Friday after causing 40 deaths across the Caribbean, churning toward the U.S. East Coast, where it threatens to join forces with winter weather fronts to create a devastating super storm.

  • WASHINGTON, Oct 26- U.S. economic growth picked up in the third quarter as a late burst in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.

  • BUENOS AIRES, Argentina-- Argentina lost its long battle against bond holdouts in the U.S. courts Friday when an appellate panel rejected every argument it made against paying $1.33 billion to investors who refused to accept as little as 25 cents on the dollar for the country's defaulted debt in 2005..

  • Meanwhile, workers in Ocean City, Md., filled sandbags, and Maryland Gov. "Delaware is smack dab in the crosshairs based on the current path projections," said Chip Guy, a spokesman for Sussex County, home to southern Delaware's beaches. Forecasters expect the hurricane to turn inland around Delaware, but said it could still hit as far north as New York.

  • WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern; Labor Department releases third-quarter productivity data, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.; Institute for Supply Management releases its manufacturing index for October, 10 a.m.; Commerce Department releases construction spending for September, 10 a.m..