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Top News & Analysis Washington DC

  • The White House released it Wednesday after the editor of the newspaper, which is still deciding its presidential endorsement, wrote a blistering blog complaining of the restriction.

  • Boeing shares up 1 pct, General Dynamics up 3.7 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and strong margins despite weakening sales, driving their shares higher on the New York Stock Exchange.

  • COLUMBUS, Ohio-- Ohio is the appropriate forum for an investors' lawsuit seeking to collect $100 million on three-decade-old Venezuelan promissory notes, despite concerns over document translation and witness transportation, a federal judge ruled.

  • John Kasich warned Wednesday of an economic slowdown happening in the swing state ahead the presidential election, even as Huntington bank announced it is bringing 250 jobs to Ohio.

  • MONTCLAIR, N.J.-- Across New Jersey, most communities approached about hosting one of the state's first legal medical marijuana dispensaries in out-of-the-way industrial zones have just said no, after outpourings of public opposition.

  • WASHINGTON-- Investors withdrew money from stock mutual funds for the 13th consecutive week during the period ended Oct. 17, although cash was pulled out at a slower pace than during previous weeks. Investors withdrew a net $1.4 billion from U.S. stock funds, the Investment Company Institute said in a preliminary report Wednesday.

  • *New home sales touch highest rate since April 2010. WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • WASHINGTON-- Below is the statement the Federal Reserve released Wednesday after the U.S. central bank's two-day policy meeting:. Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to expand at a moderate pace in recent months.

  • WASHINGTON-- Two weeks before a U.S. election focused on the economy, the Federal Reserve said Wednesday that its help is still needed to increase growth and lower unemployment. The Fed took no action after a two-day policy meeting. It wants time to assess whether the aggressive steps it launched in September will help the economy.

  • LORDSTOWN, Ohio-- President Barack Obama's decision to help America's automakers could end up being what helps drive him back into the White House.

  • LONDON, Oct 24- Gold rose on Wednesday along with stock markets, helped by well received data from China and an upbeat earnings report from Boeing, while dealers awaited a Federal Reserve policy statement later in the day. Spot gold was up 0.1 percent at $1,709.60 an ounce at 1309 GMT, while U.S. gold futures for December delivery were up 60 cents an ounce at $1,710.

  • WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • WASHINGTON, Oct 24- General Dynamics Corp on Wednesday said uncertainty about future U.S. defense budgets affected government orders in its shorter-cycle businesses in the third quarter, driving the number of bids awaiting awards to record levels.

  • LONDON, Oct 24- Gold prices hovered near a seven-week low on Wednesday as a weak reading of the German economy lifted the dollar versus the euro, while dealers awaited the U.S. Spot gold was at $1,708.90 an ounce at 1023 GMT against $1,708.09 late in New York on Tuesday, while U.S. gold futures for December delivery were up 30 cents an ounce at $1,709.70.

  • WASHINGTON-- Environmental groups say they plan to petition the federal Environmental Protection Agency to require toxic chemical release reporting for the oil and gas industry.

  • WASHINGTON-- U.S. sales of new homes likely rose at a steady pace in September after a slight dip the previous month, further evidence that the housing market is steadily improving. Economists forecast that sales of new homes increased 2.4 percent to a seasonally adjusted annual rate of 382,000 last month, according to a survey by FactSet.

  • DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.

  • A proposed settlement of a national class-action lawsuit, filed Oct. 16 in U.S. District Court in Vermont, says the government will revise its Medicare manual to make benefits available when care would only ``maintain the patient's current condition or... prevent or slow further deterioration''.

  • WASHINGTON, Oct 23- The U.S. Energy Department needs to explain how it will determine whether to allow more exports of the nation's bountiful supplies of natural gas, a top Democrat on the Senate Energy Committee, said on Tue sday.

  • But Jay Carney, the president's press secretary, said it was only a restatement of his long-held position that the cuts were ``never meant to be implemented'' and that Obama is confident Congress will avoid them. ``First of all, the sequester is not something that I've proposed,'' he said. ``It is something that Congress has proposed.