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Wikileaks plans to release files about deadly U.S. airstrike on Afghan civilians (Jun-21, 23:00 EDT )-- Wikileaks.org plans to release as soon as this week documents related to a U.S. airstrike that killed Afghan civilians last year and plans to release combat footage of the incident this summer, the founder of the whistleblower site said in an interview...
Indiana ironing-board factory faces stiff competition from Chinese companies (Jun-21, 23:00 EDT )-- SEYMOUR, IND. -- There is one factory left in the United States that manufactures the basic ironing board, and its survival against Chinese competition demands unrelenting, production-line hustle. Indiana - United States - Republican Party -...
SEC files civil fraud charges against ICP Asset Management (Jun-21, 23:00 EDT )-- The Securities and Exchange Commission opened a new front in the U.S. probe of financial firms' dealings in the mortgage market, filing civil fraud charges Monday against investment adviser Thomas Priore and his firm ICP Asset Management in connection...
Trend toward deep-water drilling likely to continue (Jun-21, 23:00 EDT )-- Willie Sutton robbed banks because that's where the money is. And oil companies venture into deep waters for exploration because that's where the oil is. Business - Mining and Drilling - Energy - Water Wells and Pumps - Tools and Equipment
Congress strikes deal on tougher sanctions for Iran's suppliers (Jun-21, 23:00 EDT )-- U.S. lawmakers on Monday reached agreement on legislation that would penalize Iran's business partners for selling the country gasoline, investing in its refineries or providing financial services to firms linked to its political and military elite. ...
Rep. Steny Hoyer says middle-class tax breaks may not be affordable long-term (Jun-21, 23:00 EDT )-- Tax cuts that benefit the middle class should not be "totally sacrosanct" as policymakers try to plug the nation's yawning budget gap, House Majority Leader Steny Hoyer (D-Md.) said Monday, acknowledging that it would be difficult to reduce long-term...
Puerto Rico, Virgin Islands go head to head on rum, fueling tensions in Congress (Jun-21, 23:00 EDT )-- It's the preferred drink of Caribbean tourists and swashbuckling pirates alike, and now it's at the heart of a nasty political dispute: The rum wars have come to Washington. Puerto Rico - Virgin Islands - Caribbean - Travel and Tourism - Maps and...
Government devotes more brainpower and money to cybersecurity (Jun-21, 23:00 EDT )-- Cybersecurity, fast becoming Washington's growth industry of choice, appears to be in line for a multibillion-dollar injection of federal research dollars, according to a senior intelligence official. United States - Economic - Crime - Government...
China-related flash of stock market activity fades fast (Jun-21, 23:00 EDT )-- U.S. stocks jumped in early trading Monday after China decided to loosen its currency, but that initial euphoria faded by day's end, as traders and investors grew skeptical that Beijing's conciliatory gesture would have immediate impact on the U.S....
Booz Allen Hamilton planning for an IPO (Jun-21, 23:00 EDT )-- Booz Allen Hamilton, a McLean-based government consulting firm and one of the Washington region's largest private-sector employers, filed papers Monday with regulators announcing its intent to make an initial public offering of stock. Booz...
Prince George's County's identity and aspirations shifting (Jun-21, 23:00 EDT )-- Back in the 1970s, Woodley Timberlake was part of the mass migration of black Washingtonians to Prince George's County, an exodus fueled by the quest for the American dream -- a home with a back yard, quality schools and a safe neighborhood. ...
White House budget chief Orszag to step down: report (Reuters) (Jun-21, 21:39 EDT )-- Reuters - White House Budget Director Peter Orszag plans to step down from his job in July, making him the first senior member of President Barack Obama's economic team to leave, the New York Times reported on Monday.
House agrees to put consumer watchdog in Fed (Reuters) (Jun-21, 20:08 EDT )-- Reuters - The Federal Reserve, which was criticized for failing to protect consumers in the run-up to the credit crisis, would be the home of a new financial consumer watchdog under an agreement announced on Monday.
Lawmakers reach deal on Iran sanctions (AP) (Jun-21, 19:56 EDT )-- AP - House and Senate negotiators said Monday they have reached agreement on a new round of economic sanctions against Iran aimed at dissuading the Tehran government from pursuing the development of nuclear weapons.
Borrowers exit troubled Obama mortgage program (AP) (Jun-21, 19:09 EDT )-- AP - The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.
Rates rise at weekly Treasury auction (AP) (Jun-21, 17:19 EDT )-- AP - Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in three weeks.
United States' top trading partners, at a glance (AP) (Jun-21, 17:12 EDT )-- AP - China's decision to let its currency appreciate against the U.S. dollar could boost U.S. exports to that country, while potentially reducing U.S. imports from China. Still, economists say any change will be gradual.
California lawmaker advocates pushing costs to counties (Reuters) (Jun-21, 16:59 EDT )-- Reuters - California could lower its costs and help narrow a budget gap of more than $19 billion by giving counties more responsibility for safety and social services, the state Senate's president said on Monday.
Fitch raises TRW rating by 2 notches (AP) (Jun-21, 16:11 EDT )-- AP - Fitch Ratings lifted its credit rating for TRW Automotive Holdings Corp. by two notches Friday, citing the company's effort to reduce debt and restructure during the recent economic downturn.
Van Hollen and White House optimistic about controversial campaign finance bill (Jun-21, 15:46 EDT )-- A top House Democrat said Monday that he remains hopeful of mustering enough votes to pass sweeping new campaign finance legislation, which has prompted a political uproar over a deal crafted to help the National Rifle Association. United States ...
Summary Box: Borrowers exit Obama mortgage program (AP) (Jun-21, 15:41 EDT )-- AP - TROUBLED PROGRAM: The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.
Borrowers exit troubled Obama mortgage program (AP) (Jun-21, 15:34 EDT )-- AP - The Obama administration's flagship effort to help people in danger of losing their homes is falling flat.
Factbox: Winners and losers from a firmer yuan (Reuters) (Jun-21, 15:34 EDT )-- Reuters - China's signal it will let its yuan currency appreciate is good news for global manufacturers and resource companies that supply the world's third-biggest economy with the equipment and commodities it needs to fuel growth.
Lawmakers reach deal on Iran sanctions (AP) (Jun-21, 15:29 EDT )-- AP - House and Senate negotiators say they have forged a deal on a new round of economic sanctions against Iran aimed at disrupting the Tehran government's energy industry and preventing financial transactions with Iran's Revolutionary Guard.
Obama talks with German, Spanish leaders ahead of G20 (AFP) (Jun-21, 15:09 EDT )-- AFP - US President Barack Obama spoke Monday with German Chancellor Angela Merkel and Spain's Prime Minister Jose Luis Rodriguez Zapatero ahead of a G20 summit, with talks centered on economic and financial issues, the White House said.
Summary Box: Fraud charges against money manager (AP) (Jun-21, 15:04 EDT )-- AP - CHARGES RELATED TO MORTGAGE SECURITIES: The Securities and Exchange Commission filed civil fraud charges against an investment adviser and his firm in connection with complex mortgage-linked securities during the 2007 housing bust.
China loosens currency grip as G20 summit looms (Reuters) (Jun-21, 15:02 EDT )-- Reuters - China's surprise move to relax currency controls ahead of this weekend's G20 summit buoyed global markets and sent the yuan to a five-year peak on Monday, as analysts questioned how far Beijing's new currency flexibility would go.
Booz Allen Hamilton to make public stock offering (Jun-21, 15:02 EDT )-- Booz Allen Hamilton, a McLean-based government consulting firm and one of the Washington region's largest private sector employers, filed papers Monday with regulators announcing its intent to make an initial public offering of stock. Booz Allen...
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Key lawmaker seeks to beef up mortgage risk retention (Reuters) (Jun-21, 14:41 EDT )-- Reuters - Some low-risk home loans that meet certain underwriting guidelines will no longer be eligible for an exemption from a broader rule requiring so-called "skin-in-the-game" if House Financial Services Committee Chairman Barney Frank gets his way...
House agrees to put consumer watchdog in Fed (Reuters) (Jun-21, 14:25 EDT )-- Reuters - The Federal Reserve, which was criticized for failing to protect consumers in the run-up to the credit crisis, would be the home of a new financial consumer watchdog under an agreement announced on Monday.
Fed to keep rates at record lows as risks loom (AP) (Jun-21, 14:19 EDT )-- AP - WASHINGTON — Federal Reserve policymakers open a two-day meeting Tuesday amid signs of caution for the recovery: Europe's debt crisis, an edgy Wall Street, cautious consumers, a fragile housing market and high unemployment.
A look at global economic developments (AP) (Jun-21, 14:17 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Monday:
Merkel defends savings plan after Obama letter (AFP) (Jun-21, 14:16 EDT )-- AFP - German Chancellor Angela Merkel said Monday her planned austerity measures would not harm growth, after US President Barack Obama warned scaling back spending too fast could harm the global economy.
SEC accuses money manager of fraud (AP) (Jun-21, 13:57 EDT )-- AP - The government opened a new front in its probe of financial firms' dealings in the mortgage market, filing civil fraud charges Monday against an investment adviser and his firm in connection with complex securities during the 2007 housing bust.
Canada finance chief: Work needed on bank reforms (AP) (Jun-21, 13:37 EDT )-- AP - Days ahead of a meeting of heads of major industrial economies, the Canadian finance minister urged the Group of 20 nations to focus on setting targets for cutting their deficits and said that the summit was not likely to result in a resolution on...
5 Tips For the Average Investor (U.S. News & World Report) (Jun-21, 12:46 EDT )-- U.S. News & World Report - When it comes to where we are in the economic cycle, expert opinions vary widely. Some experts think the economy could be headed for a double-dip recession, while others say it's headed for a slow but steady recovery. The...
House Democrats agree to consumer watchdog in Fed (Reuters) (Jun-21, 12:25 EDT )-- Reuters - Democrats in the House of Representatives have agreed to a Senate proposal to house a new consumer financial watchdog agency in the Federal Reserve, a counterproposal issued on Monday said.
Supreme Court to hear JPMorgan appeal in card case (Reuters) (Jun-21, 10:35 EDT )-- Reuters - The Supreme Court said on Monday it would hear JPMorgan Chase & Co's appeal over a lawsuit accusing the bank of violating federal law by failing to notify credit card holders before raising interest rates due to late payments or defaults.
3 Lessons BP Should Teach You (The Motley Fool) (Jun-21, 10:10 EDT )-- The Motley Fool - The Gulf oil spill has cost thousands of people their livelihood and caused billions of dollars in envrionmental and economic damages. And with nearly $90 billion cut off BP's (NYSE: BP - News) market capitalization, the company's...
High court to hear JPMorgan appeal in card case (Reuters) (Jun-21, 09:38 EDT )-- Reuters - The Supreme Court said on Monday it would hear JPMorgan Chase & Co's appeal over a lawsuit accusing the bank of violating federal law by failing to notify credit card holders before raising interest rates due to late payments or defaults.
Court to hear Chase's appeal in credit card case (Reuters) (Jun-21, 09:31 EDT )-- Reuters - The Supreme Court said on Monday it would hear JPMorgan Chase & Co's appeal over a lawsuit that says the bank violated federal law by failing to notify credit card holders before raising interest rates due to late payments or defaults.
BP, Transocean tap a well of Washington lobbyists and consultants (Jun-21, 08:59 EDT )-- Companies involved in the Gulf of Mexico oil spill are hiring a bevy of high-priced Washington lobbyists and consultants to help them weather the crisis, as investigations heat up and calls for policy changes intensify. Transocean - Washington -...
US Nobel laureate slams German ECB hopeful (AFP) (Jun-21, 08:25 EDT )-- AFP - Nobel Prize-winning US economist Paul Krugman launched a withering attack on Monday on the head of Germany's central bank, the most likely successor to Jean-Claude Trichet as European Central Bank chief.
China unshackles yuan ahead of G20 (Reuters) (Jun-21, 07:14 EDT )-- Reuters - China's yuan surged on Monday by the most of any day since its landmark revaluation in 2005, sending a clear signal ahead of this weekend's G20 summit that Beijing is keeping to its word and allowing greater currency flexibility.
Obama's G20 call linked to domestic policy: Germany (Reuters) (Jun-21, 06:43 EDT )-- Reuters - U.S. President Barack Obama's plea to surplus nations to boost domestic demand was aimed "in part" at his domestic audience, German Economy Minister Rainer Bruederle said on Monday.
Australia, China sign major deals, push free trade (AFP) (Jun-21, 02:54 EDT )-- AFP - Australia and China signed new deals worth 10 billion dollars (8.8 billion US) Monday and vowed to push for an early free trade agreement as they ignored diplomatic concerns to focus on economic ties.
U.S. presses drugmakers on neglected disorders (Jun-20, 23:00 EDT )-- Drugmakers, including Roche, Johnson & Johnson and Biogen, are being urged by U.S. regulators to see whether existing medicines may help neglected disorders, after an incentive program did not spark research of new therapies. Business - Food...
As midterm elections loom, Democrats zero in on a GOP apology to BP (Jun-20, 23:00 EDT )-- White House Chief of Staff Rahm Emanuel on Sunday ratcheted up the Democrats' effort to turn a House Republican's apology to BP into a political pivot point, saying last week's comments by Rep. Joe L. Barton (Tex.) were a reminder of the "governing...
Appointments and Promotions (Jun-20, 23:00 EDT )-- Micro Focus of Rockville named Tod Tompkins , former director of federal sales at EMC, vice president of federal sales. Business and Economy - Asia - Business - Advertising - Travel and Tourism
Bank-closure workload leads FDIC to open 3rd satellite office (Jun-20, 23:00 EDT )-- Ten miles northwest of Chicago's O'Hare International Airport and around the corner from Richard Walker's Pancake House, hundreds of government employees are settling into new digs inside a nondescript office building in Schaumburg, Ill. Federal...
INSIDER TRANSACTIONS (Jun-20, 23:00 EDT )-- Security - Sports - Teams - United States - Stock
Bankruptcies (Jun-20, 23:00 EDT )-- These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - Law - United States - Services - Lawyers and Law Firms
Facetime: Business events for week of June 21, 2010 (Jun-20, 23:00 EDT )-- MONDAY Developing a Business Plan. Seminar aims to help attendees research and write a standout plan. 11 a.m. to 1:30 p.m., Comfort Suites, 80 Prosperity Ave., Leesburg. Sponsor: Loudoun Small Business Development Center. Cost: pre-registered, $25; at...
Digest (Jun-20, 23:00 EDT )-- ISRAEL Israel on Sunday pledged to allow goods -- except for weapons and related material -- into the Gaza Strip via land crossings. Arts - Digestion - Twitter - Human gastrointestinal tract - RSS
Harrisburg, Pa., other cities overwhelmed by economic downturn and debt (Jun-20, 23:00 EDT )-- HARRISBURG, PA. -- This city has a $68 million bill coming due before year's end, an impossible sum that is larger than its annual budget. It's a predicament caused by extravagant borrowing and spending, and now there are only unpleasant fixes: steep...
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