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Tim Devaney

tdevaney@washingtontimes.com

Tim Devaney was a national reporter who covered business and international trade for The Washington Times.

Articles by Tim Devaney

** FILE ** The Airbus A380 giant jetliner (AP Photo/Remy de la Mauviniere)

U.S. sides with China against airlines emissions tax

The European Union's plan to impose a tax on international airlines for their carbon emissions has run into fierce head winds, with the Obama administration joining China, India and other powers in a growing global drive to force the EU to back down.

March 15, 2012
Airbus has applauded a ruling by the World Trade Organization that Boeing received "at least $5.3 billion" in illegal subsidies from the U.S. from 1989 to 2006. The U.S. has noted the WTO came down heavier on the European Union for its support of Airbus. (Associated Press)

Boeing downplays illegal subsidies

In the latest Boeing-Airbus showdown, the world's two biggest plane manufacturers each claimed vindication from a World Trade Organization ruling Monday that the U.S. had provided billions in illegal subsidies to Boeing.

March 12, 2012
W. JamesMcNerney, Jr., CEO of Boeing, said that America's competitors aren't waiting until after the November elections "and we shouldn't either." (Associated Press)

CEOs urge legislators not to put off tough issues until election

One day after a face-to-face meeting with President Obama, a group of some of the nation's most powerful business leaders challenged Washington lawmakers not to wait until after the fall election to take action on immigration, tax reform and the government's fiscal woes.

March 7, 2012
**FILE** Federal Communications Commission Chairman Julius Genachowski (Associated Press)

House panel approves a measure to revamp FCC and rein in its rules

House Republicans on Tuesday pushed forward a bill designed to increase transparency at the Federal Communications Commission and prevent what critics say are needless regulations that have created uncertainty in the market and inhibited deal-making.

March 6, 2012

‘Cloud’ expected to create a million jobs in U.S.

The growing move to "cloud computing," in which consumers and businesses store their data, applications and resources online instead of on their own systems, is expected to create more than a million American jobs by 2015, according to a new study from Microsoft.

March 5, 2012
**FILE** Richard Cordray, director of the Consumer Financial Protection Bureau. (Associated Press)

Bank investigation to target deceptive overdraft practices

The Consumer Financial Protection Bureau announced Wednesday it is investigating banks' deceptive overdraft practices, which can greatly increase the fees customers may be charged when they spend more than what they have in their accounts.

February 22, 2012

Industry wary of proposed rule on IRAs

Financial firms are warning that a Department of Labor proposal designed to reduce conflicts of interest among investment advisers could hurt their ability to market and sell popular retirements products such as IRAs.

February 21, 2012
Former Sen. Rick Santorum of Pennsylvania, a Republican presidential candidate, speaks during an Economic Club of Detroit luncheon on the campaign trail on Thursday, Feb. 16, 2011. (Associated Press)

Santorum hits Obama worldview

Republican front-runner Rick Santorum on Sunday said he doesn't question President Obama's Christianity, but continued his religion-based attacks on the White House, saying the president's worldview "elevates the earth above man."

February 19, 2012
Former Massachusetts Gov. Mitt Romney (left) and former House Speaker Newt Gingrich gesture during a Republican presidential candidate debate on Monday, Jan. 23, 2012, at the University of South Florida in Tampa, Fla. (AP Photo/Paul Sancya)

Gingrich: Michigan is do-or-die for Romney

Former House Speaker Newt Gingrich hinted Sunday that if rival Republican presidential candidate Mitt Romney loses the primary election in his home state of Michigan, he should drop out of the race.

February 19, 2012
Chinese Vice President Xi Jinping can be seen on a video screen as he speaks Wednesday to the U.S.-China Business Council in Washington. "Despite some twists and turns, U.S.-China relations have continued moving forward," he said. "It is on a course that cannot be stopped or reversed." (Associated Press)

China’s Xi is ‘open’ to greater trade

The man in line to be China's leader for the next decade told business leaders in Washington on Wednesday he was open to a far more expanded relationship between the world's two largest economies.

February 15, 2012