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03/17/2010 06:36 PM
Economy Watch: Dow hits a new one-year high
Should you start singing, "Happy Days Are Here Again"?



03/17/2010 03:40 PM
Scanners may not have detected alleged explosive in Detroit jet case, GAO reports
President Obama's push to deploy body-imaging scanners at airports worldwide will cost U.S. taxpayers roughly $3 billion over eight years, congressional investigators report, but it is unclear that the controversial devices would have caught an alleged al-Qaeda terrorist who tried to blow up a...



03/17/2010 10:45 AM
Economic Agenda: March 17, 2010
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03/17/2010 10:45 AM
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03/16/2010 04:00 AM
Equipment fuels a modest rise in industrial production
Industrial production rose in February because of increased demand for computers and semiconductors, a sign some economists say that gains in U.S. business investment are continuing.




03/16/2010 04:00 AM
Moody's warns nations to cut spending or risk AAA ratings
The United States and other top world economies need to make potentially painful government spending cuts or risk losing the high-grade credit ratings that have kept borrowing affordable, the Moody's rating agency said Monday.



03/17/2010 04:00 AM
Immigrants vulnerable as recession spurs more bosses to shortchange workers
On a recent Saturday morning, a group of Latino men wearing paint-spattered jeans and grim expressions strode through Adams Morgan in search of the contractor who had cheated them. He'd hired them to remodel a wine shop in the Northwest neighborhood in November and December but paid a fraction of...



03/17/2010 04:00 AM
Financial reform would shift Fed's authority away from regional banks
In the details of the financial reform legislation introduced this week are fundamental changes to the Federal Reserve that would shift power from the regional Fed banks around the country and concentrate it in Washington and New York.



03/16/2010 04:00 AM
As economy booms, China faces major water shortage
BEIJING -- A decade ago, China's leaders gave the go-ahead to a colossal plan to bring more than 8 trillion gallons of water a year from the rivers of central China to the country's arid north. The project would have erected towering dams, built hundreds of miles of pipelines and tunnels, and cre...




03/17/2010 04:00 AM
BroadSoft, telecommunications software firm in Gaithersburg, files for IPO
BroadSoft, a Gaithersburg-based maker of telecommunications software, said Tuesday that it has filed for an initial public offering that could raise as much as $103.5 million for the company.



03/17/2010 04:00 AM
AES sells 15 percent stake to Chinese firm; Stanley Black & Decker ratings mixed
Global power company AES, based in Arlington, said it raised $1.58 billion by selling a portion of the company to a subsidiary of China Investment Corp.



03/17/2010 04:00 AM
Honda recalls vehicles for brake problem
SAFETY Honda will recall more than 410,000 Odyssey minivans and Elements from the 2007 and 2008 model years because of a braking-system problem.



03/17/2010 04:00 AM
S&P takes Greece off credit watch
LONDON -- The Greek government won key backing from the Standard & Poor's credit rating agency for its efforts to dig out of a debt crisis that has shaken up the entire eurozone.




03/17/2010 04:00 AM
Measure would force White House, private sector to collaborate in cyber-crisis
Key members of Congress are pushing legislation that would require the White House to collaborate with the private sector in any response to a crisis affecting the nation's critical computer networks.



03/17/2010 04:00 AM
Republicans criticize Democrats' plan to overhaul student lending
Republicans assailed a proposed overhaul of student lending Tuesday as a "government takeover," a "job killer" and an "outrage," seeking to rally opposition to a Democratic measure that would cut private lenders out of the federal loan market.



03/17/2010 04:00 AM
China appears to be preparing for Google departure
BEIJING -- The Chinese government on Tuesday appeared to set the foundation for Internet giant Google to pull out of the country, with one spokesman contending that the company's potential departure would be an "individual business act" and another warning Google to obey Chinese law whether it...



03/17/2010 04:00 AM
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03/17/2010 03:55 AM
U.S. Chamber of Commerce sets sights on Democrats ahead of midterm elections
The U.S. Chamber of Commerce, already one of Washington's largest lobbying groups, is gearing up to play a major role in this year's midterm elections on a scale that rivals the nation's two main political parties.




03/16/2010 03:45 PM
China warns Google to obey Chinese law
BEIJING -- The Chinese government on Tuesday appeared to set the foundation for Internet giant Google to pull out of China, with one spokesman contending that the company's potential departure would be an "individual business act" and another warning Google to obey Chinese law whether it leaves...



03/16/2010 09:44 AM
Economic Agenda: March 16, 2010
Key Events 8:30 a.m.: The Commerce Department releases data on new home construction in February; economists surveyed by Bloomberg expect housing starts to have dropped 3.6 percent from January, mainly because of inclement weather. Another economic release worth watching: the Labor Department i...



03/15/2010 04:00 AM
Sen. Dodd to introduce plan to overhaul financial regulatory system
Senate banking Chairman Sen. Christopher J. Dodd will try to strike a delicate balance Monday as he introduces a new measure to overhaul the nation's financial regulatory system, including provisions aimed at shoring up support among fellow Democrats but also incorporating compromises he reached...



03/15/2010 04:00 AM
Tests fail to duplicate acceleration problem in Prius
Investigators from Toyota and the government have been unable to duplicate the runaway acceleration in a 2008 Prius that a Southern California man said took him on a 30-mile wild ride last week, according to a draft memo from a congressional panel.




03/15/2010 04:00 AM
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03/15/2010 04:00 AM
China's Wen Jiabao rebuffs U.S. on letting yuan appreciate against dollar
BEIJING -- Chinese Premier Wen Jiabao on Sunday lectured the United States, criticizing its call for China to let its currency rise against the dollar to boost U.S. exports, advising it to work harder to improve its financial system and directing it to change its foreign policy to improve relations...



03/15/2010 04:00 AM
Value Added: Commercial musician tuned in to needs of Washington region
You've probably never heard of Todd Hahn, but you might have heard his music.



03/16/2010 04:00 AM
6 key points of the financial regulation legislation
Dodd's second draft of financial reform legislation tracks closer to the bill that passed the House in December, eliminating several of the bold reforms he proposed last fall. But Republicans remain opposed, despite Dodd's decision to incorporate their ideas on some issues.



03/16/2010 04:00 AM
DEALSAllan Sloan
Allan Sloan is away. His column will return.




03/16/2010 04:00 AM
British regulator to probe audits of Lehman; China trims U.S. debt holdings
A British regulator said it is investigating how Ernst & Young accounted in its auditing for Lehman Brothers' transactions in Britain.



03/16/2010 04:00 AM
Corrections
-- A March 14 Outlook article about how colleges deal with campus sexual assault cases mischaracterized the policy at Bucknell University. The school does not use mediation to adjudicate such cases; rather, mediation is an option made available by Bucknell to victims of sexual assault in addition to...



03/16/2010 04:00 AM
Montgomery, Prince George's slash budgets
Maryland's two largest counties outlined spending cuts Monday that would reach from children's health clinics to nursing homes, slice tens of millions of dollars in education spending and furlough thousands of public employees.



03/16/2010 04:00 AM
European officials hold off on bailout package for Greece
LONDON -- European finance chiefs failed to produce a detailed bailout plan for Greece on Monday but laid the groundwork for a potential rescue if the financial situation in the troubled Mediterranean nation deteriorates sharply.




03/16/2010 04:00 AM
Toyota says tests cast doubts on story of runaway Prius in California
Toyota on Monday said that extensive testing of the 2008 Prius that allegedly took a Southern California driver on a 30-mile runaway ride last week casts serious doubts on his story.



03/16/2010 04:00 AM
Local Digest: Allied Capital cutting D.C. jobs in Ares acquisition
MERGERS & ACQUISITIONS Allied Capital Corp., a publicly traded private-equity firm based in the District, is eliminating most of its local workforce as it prepares to be acquired by New York-based Ares Capital. Although the combined company will maintain "an ongoing presence" in Washington, Allied...



03/16/2010 04:00 AM
Two Washington area drivers sue Toyota, alleging acceleration problems in cars
Two Washington area drivers have filed personal injury lawsuits against the Toyota Motor Corp., joining about 280 personal injury and class-action suits filed across the country against the company.



03/16/2010 04:00 AM
GAO blocks contract to firm formerly known as Blackwater to train Afghan police
Federal auditors on Monday put a stop to Army plans to award a $1 billion training program for Afghan police officers to the company formerly known as Blackwater, concluding that other companies were unfairly excluded from bidding on the job.




03/16/2010 04:00 AM
Ex-employees of AIG's Financial Products unit might sue over lower payouts
NEW YORK -- Several former American International Group employees might sue the insurer after it gave them less retention bonus money than they should have received, their attorneys said Monday.



03/16/2010 04:00 AM
Former chief of Park Avenue Bank charged with TARP fraud
NEW YORK -- The former chief executive of a New York bank shut down by regulators last week was arrested Monday for attempting to steal from the taxpayer-funded bailout program, marking the first time criminal charges have been filed in connection with alleged abuse of the government's...



03/16/2010 04:00 AM
Concessions on financial reform bill yield few gains in Senate
Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate banking committee, introduced a revised bill on Monday to overhaul financial regulation that included compromises forged with Republicans in recent months but fell short of winning endorsement from conservatives, including members in his ...



03/15/2010 09:02 PM
President Obama makes pitch for health-care reform
STRONGSVILLE, Ohio -- With a decisive vote on his health-care overhaul possible within days, President Obama declared repeatedly Monday that "we need courage" from elected leaders to pass the far-reaching package.




03/15/2010 09:02 PM
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03/15/2010 09:55 AM
Economic Agenda: March 15, 2010
Key Events 9:15 a.m.: The Federal Reserve issues figures on industrial production for February. Economists surveyed by Bloomberg think that output will stay unchanged from January. Finance ministers from the 16 euro-zone nations are scheduled to meet to discuss the Greek debt crisis. Senate banki...



03/15/2010 09:57 AM
Tests fail to duplicate acceleration problem in Prius
Investigators from Toyota and the government have been unable to duplicate the runaway acceleration in a 2008 Prius that a Southern California man said took him on a 30-mile wild ride last week, according to a draft memo from a congressional panel.



03/15/2010 04:00 AM
Cost of Internet fraud on steep rise
LOS ANGELES -- U.S. citizens reported losing more than $550 million in 2009 in Internet fraud, falling prey to a variety of increasingly sophisticated scams, according to a report by the Internet Crime Complaint Center .



03/15/2010 04:00 AM
Schools, health care, public safety lose millions in Va. budget
RICHMOND -- The Virginia General Assembly adjourned its annual legislative session Sunday evening after adopting a two-year, $82 billion budget that cuts millions from education, health care and public safety -- curtailing state spending more aggressively than any in generations while fulfilling ...




03/15/2010 04:00 AM
Chinese oil giant to buy stake in Argentine firm
HONG KONG -- Leading offshore-oil producer China National Offshore Oil Corp. said Sunday that it has agreed to pay $3.1 billion to form a joint venture with a major Argentine energy firm, helping to expand China's access to natural resources in South America.



03/15/2010 04:00 AM
Curbing earmarks: Even with new restrictions, for-profits play a role
Twice in recent years, House Appropriations Committee Chairman David R. Obey (D-Wis.) helped obtain earmarks totaling $3.2 million for a home-state university to study how to make military jet fuel from plants. Standing behind that nonprofit work, however, is a for-profit Chicago firm that often ...



03/15/2010 04:00 AM
State attorneys general vie for stronger consumer protection role
In the fight over how to overhaul the nation's financial regulatory system, one of the key power struggles has pitted the states -- in particular a core group of state attorneys general -- against federal regulators, financial lobbyists and some members of Congress.



03/15/2010 04:00 AM
INSIDER TRANSACTIONS





03/15/2010 04:00 AM
APPOINTMENTS
D&R International of Silver Spring named David P. Steiner , former vice president of government affairs at Maytag, president.



03/15/2010 04:00 AM
Neil's Must Reads
Economists Carmen Reinhart and Ken Rogoff have published an important (and, given the current economic situation, rather scary) working paper that shows extensive connections between countries that experience a banking crisis and those that experience a sovereign debt crisis. And Mark Thoma at CBS...


 

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