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Washington News

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  Advisers Spurn Pimco Extension of Gross Brand

  Updated 24 minutes ago

  Bill Gross says the exchange-traded version of his $250 billion Pimco Total Return Fund has the potential to become the first hot seller among actively managed ETFs. Investment advisers are giving the fund a cool reception.

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  Ohio ‘Little People’ Urge Republicans to Help Workers

  Updated 28 minutes ago

  They drive trucks. They wait on tables. Some still have factory jobs. And they likely will determine which Republican presidential candidate walks away with one of Super Tuesday’s biggest prizes.

• Iranians Vote in Parliamentary Elections as Foreign Sanctions Hit Economy

  Updated 27 minutes ago

  Iranians voted today in the country’s first election since the disputed presidential contest of 2009 sparked mass protests, as sanctions targeting the country’s nuclear program squeeze the economy.

• IMF Says ‘Lot of Consensus’ Among Troika on Anglo Irish Debt

  Updated 30 minutes ago

  Ireland’s bailout partners have developed “a lot of consensus” on tackling the country’s rescue cost for the former Anglo Irish Bank Corp., an International Monetary Fund official said.

• Crude Drops for First Time in Three Days as Saudis Deny Report of Damage

  Updated 1 hour, 2 minutes ago

  Oil fell for the first time in three days after Saudi Arabia denied a report of a pipeline explosion in its Eastern province and as the dollar headed for its biggest weekly gain in almost two months.

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  Iran Ambitions Dominate as Netanyahu Heads to White House Talks With Obama

  Updated 1 hour, 27 minutes ago

  After Eliot Engel and Jerrold Nadler, two Democratic congressmen from New York, met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem last month, Engel’s wife summed it up:

• Air Force Grants $9 Million Award for as Many as 18,000 IPad2s

  Updated 29 minutes ago

  The U.S. Air Force has awarded a $9.36 million contract to Executive Technology Inc. to buy as many as 18,000 Apple Inc. iPad2s in one of the military’s largest orders of computer tablets, a military spokeswoman said.

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  Cash Hoard Expands by $187 Billion in Untaxed Offshore Corporate Accounts

  Updated 21 minutes ago

  U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg.

• U.S. Seeking 15-Member WTO Services Deal, Negotiator Says

  Updated 1 hour, 25 minutes ago

  The U.S. is in talks with 15 members of the World Trade Organization on a deal covering services after broader global negotiations stalled, an Obama administration official said.

• U.S. Wage Gains Signal Boost to Spending

  Updated 21 minutes ago

  The biggest six-month increase in U.S. worker pay in almost five years helps lay the ground for a pickup in consumer spending, the largest part of the economy.

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