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Top News & Analysis Washington DC

  • SINGAPORE/ BEIJING, Oct 10- Asia's top refiner, China's Sinopec, has started work to build Southeast Asia's largest oil storage terminal at the Batam free trade zone in Indonesia, the company and industry sources said, in an $850- million investment aimed to boost petroleum trading.

  • BANGKOK/ SINGAPORE, October 10 Fitch Ratings Limited says Thailand's economic performance has continued to show resilience to global shocks but slower regional growth and increasing leverage in the corporate and bank sectors will constrain ratings.

  • Europe is gripped by a debt crisis and stalled growth. A budget standoff in the United States is set to trigger tax increases and spending cuts and perhaps a recession. And it's warning that even its dimmer outlook might prove too optimistic if Europe and the United States fail to resolve their crises.

  • John Mica, R- Fla., chairman of the House Transportation and Infrastructure Committee, has accused Amtrak of "Soviet-style" inefficiency and held several hearings devoted to criticism of the railroad.

  • NAGOYA, Oct 10- Boeing Co is on course to achieve a difficult production target for its fuel-efficient 787 Dreamliner jets, an executive said on Wednesday, after the company fell behind its initial delivery schedule due to development delays. Boeing now makes three and a half of the new carbon-composite jets a month.

  • WASHINGTON, Oct 9- A U.S. congressional report that urged American companies to stop doing business with Chinese telecom equipment makers Huawei and ZTE.

  • WASHINGTON-- The Obama administration is preparing to warn car owners whose air bags have been replaced in the past three years that dangerous counterfeit bags may have been installed, according to auto industry officials who have been briefed by the government.

  • SEATTLE-- A Michigan woman dying of leukemia says she hopes her embarrassment during a Seattle airport security pat-down might change the way the Transportation Security Administration treats travelers with medical conditions. Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she traveled through Seattle en route to Hawaii.

  • WASHINGTON-- Auto industry officials say the government is preparing to warn car owners whose airbags have been replaced in the past three years that dangerous counterfeit bags may have been installed.

  • WASHINGTON, Oct 9- U.S. regulators are having a tough time keeping pace with rapidly expanding shale oil and gas development, according to a report from a government watchdog released on Tuesday.

  • WASHINGTON, Oct 9- Leading lawmakers from the U.S. House of Representatives and the Senate on Tuesday asked federal health officials for briefings on a deadly meningitis outbreak in 10 states as a first step toward possible legislative action to strengthen federal drug safety regulations.

  • WASHINGTON, Oct 9- Leading lawmakers from the U.S. House of Representatives and the Senate on Tuesday asked federal health officials for briefings on a deadly meningitis outbreak in nine states as a first step toward possible legislative action to strengthen federal drug safety regulations.

  • *Advocates, state regulators say plan is fatally flawed* Some say they won't rule out suing SEC if changes not made* Groups point to earlier shoddy cost-benefit analyses* Lifting of the advertising ban was required by JOBS Act* Groups urge SEC to completely re-draft the rule By Sarah N. Lynch.

  • WASHINGTON-- President Barack Obama has signed an executive order that carries out new sanctions against Iran that Congress approved and that he signed this summer. The sanctions seek to deter Iran from pursuing a nuclear weapons program.

  • *Massachusetts lawmaker pledges bill to strengthen FDA. *Senators request briefing with FDA, CDC staff. WASHINGTON, Oct 9- Congressional Democrats on Tuesday called for a probe of a deadly meningitis outbreak in nine states, raising questions on issues ranging from the timing of the official response to the possible role of health insurers including Medicare.

  • *Wells Fargo, the No. 4 U.S. bank, denies allegations. Oct 9- The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo& Co, the latest legal volley against big banks for their lending during the housing boom.

  • WASHINGTON-- Two Democratic lawmakers on Tuesday called for stricter federal oversight of compounding pharmacies in the wake a deadly meningitis outbreak linked to contaminated injections made by a Massachusetts specialty pharmacy.

  • WASHINGTON, Oct 9- A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as "obsolete" a Reagan-era model of tax reform.

  • WASHINGTON-- Interest rates on short-term Treasury bills rose in Tuesday's auction with rates on six-month bills climbing to the highest level since early July. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.100 percent, up from 0.085 percent last week.

  • Oct 9- In a step toward resolving U.S.- China tensions over corporate auditing, U.S. regulators said on Tuesday they have finalized an agreement to let them begin observing corporate audits in China.