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Top News & Analysis Washington DC

  • United Bank's parent company says it earned $19.3 million, or 38 cents per share, in the quarter ending Sept. 30. The 2012 results include an accrual of $3.3 million pertaining to a settlement of claims stemming from class actions against United Bank Inc. of West Virginia, and a noncash, pretax impairment charge of $2.3 million on investment securities.

  • WASHINGTON-- The government's snapshot Friday of the U.S. economy's growth will be its last before Americans choose a president in 11 days. And it would give Mitt Romney's team evidence to argue that the economy is growing at an unacceptably subpar pace. "We are stuck in this half-speed growth mode," said David Wyss, an economics professor at Brown University.

  • WASHINGTON, Oct 25- China has lost $3.79 trillion over the past decade in money smuggled out of the country, a massive amount that could weaken its economy and create instability, according to a new report.

  • WASHINGTON, Oct 25- U.S. weapons maker Lockheed Martin Corp said on Thursday it faced a potential termination liability of $1.1 billion on the F-35 fighter program unless it received additional funding for production of a sixth batch of airplanes by year end.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.

  • *Saudi Arabia, U.S., Iraq and Libya pump more; consumption wanes. *Iran exports may have seen small bounce since July plunge.

  • BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.

  • WASHINGTON, Oct 25- The world produced more oil in October as Libya, Iraq and Saudi Arabia pumped more crude and the United States continued to draw more oil from its vast shale reserves, the U.S. Energy Information Administration said in a bimonthly report. The report is required by the Iran sanctions law President Barack Obama signed last year.

  • WASHINGTON, Oct 25- The U.S. Federal Communications Commission said this week it is accepting comments on a petition to keep spam off cellphones by having Internet-to-phone text messaging declared a type of illegal auto-dialing.

  • LoBue again used sales and expense information to purchase 11,680 shares ahead of J.Crew' s August 2009 earnings announcement, the SEC said. Through the trades, LoBue received around $60,000 in illicit profits, the SEC said.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.

  • WASHINGTON, Oct 25- Boehringer Ingelheim Pharmaceuticals Inc agreed to pay $95 million to U.S. government agencies to settle civil allegations that it illegally marketed drugs for unapproved uses, the U.S. Justice Department said on T hur sday.

  • Benghazi-Gate Cover Up?

    Discussing their opinions over the White House's handling of the attack on the Libya U.S. consulate; with David Goodfriend, Former Clinton White House official; Vin Weber, Romney senior advisor; and Janine Turner, Constituting America founder & co-chair.

  • WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.

  • *Euro falls as Spain bailout uncertainty continues to weigh. NEW YORK, Oct 25- The dollar rallied to a four-month high against the yen on Thursday as a rise in Treasury yields and expectations the Bank of Japan will ease monetary policy next week had investors broadly selling the Japanese currency.

  • BEIRUT/ GENEVA- Syria's army command announced a ceasefire on Thursday to mark the Muslim holiday of Eid al Adha but said it reserved the right to respond to any rebel attack or moves to reinforce President Bashar al-Assad's armed foes.

  • WASHINGTON-- All the spare parts appear to be coming together to create what forecasters are calling "Frankenstorm," a monster combination of high wind, heavy rain, extreme tides and maybe snow that could cause havoc along the East Coast just before Halloween next week. Hurricane Sandy, having blown through Haiti and Cuba on Thursday, continues to barrel north.

  • *Dominion to shut Kewaunee reactor in Wisconsin next year. The three plants Richmond, Virginia- based Dominion is looking to sell are the 1,536- megawatt Brayton Point coal, natural gas and oil-fired plant in Massachusetts; the 1,158- MW Kincaid coal plant in Illinois; and the company's 50 percent stake in the 1,424- MW Elwood gas plant in Illinois.

  • NEW YORK-- Total U.S. money market mutual fund assets rose $940 million to $2.569 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets of the nation's retail money market mutual funds fell $1.55 billion to $884.37 billion, the Washington- based mutual fund trade group said Thursday.